Director, Enterprise Risk Governance

Requisition ID: 214175

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Director, Enterprise Risk Governance leads the continued development, implementation, management and communication of the Enterprise Risk Appetite Framework (RAF), and the Enterprise Wide Risk Management Framework including ensuring the department’s business strategies, plans and initiatives are conducted in compliance with governing regulations, industry best practices, internal policies and procedures.

Is this role right for you? In this role, you will:

• Lead the continued development and enhancement, implementation, and communication of the Enterprise Risk Appetite Framework (RAF), including providing oversight and challenge over lower tier RAFs (e.g. Business Line, Control Function, business units, material subsidiaries), and ensures they are consistent with internal requirements, industry best practices and regulatory requirements.
• Establish the overarching Enterprise Risk Capacity and Appetite, including advice, council and effective challenge.
• Provide input into the annual strategic planning process.
• Quarterly report of risk appetite metrics in the ERM report to the Board.
• Monitor risk appetite limits.
• Update the Bank’s Annual Report disclosures with respect to risk appetite.
• Lead the continued development and enhancement, implementation, and communication of the Enterprise Wide Risk Management Framework including providing oversight and challenge over subsidiary Enterprise Risk Management Frameworks.
• Ensure consistency with governing regulations, internal requirements and industry best practices when developing and implementing comprehensive governance documents for Key Risk Indicators, Key Performance Indicators, and Key Control Indicators across the organization.
• Maintain ongoing awareness of industry best practices and regulatory requirements with respect to risk appetite and communicate findings with recommendations to management.
• Act as a Subject Matter Expert on risk appetite, implementing enhancements to ensure the Bank meets and/or exceeds best practices and regulatory requirements.
• Develop and enhance the Risk Culture & Appetite e-Learning course for the Global Mandatory Learning Program.
• Lead the annual CRO submission to the Human Resources Committee of the Board on the appropriateness of incentive plan payouts in relation to risk-related considerations.
• Collaborate with internal stakeholders including business line and control and corporate function representatives (e.g. compliance, legal, audit, etc.) to maintain effective internal communication through the ongoing sharing and acquiring of information.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create an environment in which the team pursues effective and efficient operations while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment.

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have experience with:

• University degree is required.
• Post-secondary degree (e.g. MBA) and/or relevant designations (e.g. CPA, CA, CFA) preferred.
• Strong understanding of risk frameworks, risk management, and the Bank’s operations.
• Experience in Enterprise Risk Management and knowledge of Enterprise Risk processes.
• Results-oriented and driven individual with a continuous improvement mindset.
• Superior communication skills and ability to write clearly and concisely.
• Strong analytical and critical thinking skills with the ability to problem-solve and execute multiple projects at any given time.
• Superior interpersonal skills to work effectively with multiple internal stakeholders and management at various levels.
• Spanish language fluency would be an asset, but not required.

What's in it for you?

• An inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity, and celebrates success!
• A rewarding career path with diverse opportunities for professional development.
• Internal training to support your growth and enhance your skills.
• A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision and dental benefits that start from day one and much more!

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.