Scotiabank · 3 days ago
Senior Manager, Business Risk Management U.S. GTB
New York, NY
Full-time
Onsite
Senior Level, Lead/Staff
$117K/yr - $225K/yr
8+ years expScotiabank is a leading bank in the Americas, and they are seeking a Senior Manager, Business Risk Management for their U.S. Global Transaction Banking division. The role focuses on ensuring compliance with regulations and internal policies, providing leadership in business controls, and mentoring junior team members while driving operational risk management.
BankingFinanceFinancial Services
Responsibilities
Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
Lead self-identification of control gap activities / potential risks across all products (Deposits, Cash Management & Payments, Commercial Cards, Trade Finance and Working Capital Solutions) and functions for U.S. Global Transaction Banking
Owner for implementation of control gaps with support from Product Owners and Functions. Require ongoing tracking and monitoring
Lead governance forums with risk groups, business and internal controls to review overall health of the business
Support Internal Controls in completing compliance risk assessments (e.g., RCSA, CRCA, Risk ID, Scenario Analysis) and identify processes, risks, controls and corresponding ratings
Evaluate impact on operational risk management from changes resulting from business expansion into new geographies, new products and services, organic business growth, system changes/new implementation, regulatory requirements
Participate in the collation of information required by regulators and internal audit to facilitate the latter’s examinations/reviews
Review regulatory and audit findings and work with business product owners to formulate responses
Experience in multiple, Cash Management, Global Transaction Banking Businesses (trade finance, term deposits, payments, liquidity management, DDA accounts with multi-currency support, correspondent banking, Spot FX, etc.)
Knowledge in the operational aspects, compliance and business matters for various transactional / payment business lines including payments such as, FED wires, SWIFT, CHIPS, Domestic ACH, International ACH (IAT), Lockbox, and checks
Understanding of regulatory requirements related to some of the more complex U.S. Cash Management, GBP Deposits and Services, such as 15c3-3
Understanding of regulatory requirements related to some of the more complex U.S. Treasury services, such as Capital and Liquidity Requirements, Basel III, FRTB, Regulation D and Regulation W
Point person for front office business on operational/process, risk and compliance issues with the ability to communicate with senior personnel on detailed issues in business
Drive analyses of operational risk events (losses, gains and near-misses) to ascertain underlying causes and formulate action plans to address process breakdowns
Assist the business in coordinating and performing timely review of new transactions, products, and/or methods for effectuating transactions
Monitor adherence to related controls designed to manage risk and compliance; for example, but not limited to, limit breaches, market abuse, fair dealings with clients, auctions and compliance with regulatory requirements
Collaborate with Compliance and Risk Groups in supervisory reviews (e.g. Regulation D, Regulation W, Liquidity Portfolios Risk Review, etc.) through same-day and T+1 monitoring
Lead and develop monthly oversight reports, including trend analysis, for delivery to and discussion with the respective head traders/business line heads
Directs day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits. Communicates the Bank's risk culture and risk appetite statement throughout their teams
Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct
Qualification
Required
University degree required
8+ years of experience in Finance or related fields
In-depth understand of the Bank's operations and controls, including knowledge of organization and infrastructure
Strong knowledge in Global Transaction Banking (Deposits, Payments (Payables & Receivables), Liquidity Management, Commercial Cards, Trade Finance and Working Capital Solutions)
Strong written and verbal communication skills, ability to guide decision making process and facilitate consensus
Strong leadership and project management experience
Proven ability to learn and handle multiple priorities in a challenging work environment
Ability to lead people and provide directions to achieve a common goal to drive a business outcome
Ability to identify business problems by looking at underlined processes and operations
Preferred
MBA preferred
Experience in Finance is an asset
Benefits
Flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs
Company
Scotiabank
Scotiabank is a banking firm that provides banking and financial services.
10001+ employees
H1B Sponsorship
Scotiabank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (52)
2024 (55)
2023 (29)
2022 (38)
2021 (38)
2020 (15)
Funding
Current Stage
Public CompanyTotal Funding
$1.07B2024-04-17Post Ipo Debt· $1.07B
1972-03-01IPO
Leadership Team
Jabar Singh
President & CEO Scotiabank Colpatria (Colombia) & Head Central America & Caribbean
L.Scott Thomson
President and CEO
Recent News
Canada NewsWire
2025-12-24
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