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New Job Director, Strategic Projects, Grm Governance (Retail Credit Risk) In Ontario

Director, Strategic Projects, GRM Governance (Retail Credit Risk)
Director, Strategic Projects, GRM Governance (Retail Credit Risk)

Director, Strategic Projects, GRM Governance (Retail Credit Risk)

Company : Jobssummary / Indeed
Salary : Details not provided
Location : Ontario

Full Description

Requisition ID: 173309

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

Purpose of Job:

The Director, Strategic Projects oversees the allocation of the Enterprise Risk Appetite for Retail and Small Business portfolios ensuring that business strategies, plans and initiatives are delivered and executed in accordance with governing regulations, Scotiabank’s Risk Appetite Framework, internal policies, and procedures by applying an enterprise-wide view and leveraging strong knowledge and deep understanding of regions and portfolios performance.

Exercise good stewardship and provide oversight for strategies execution, ensuring operational excellence to maximize risk/return to protect and build shareholder value by applying effective second line challenge and enabling a continuous enhancement loop with a focus on profitable and sustainable growth.

Through effective communication, governance and oversight, the role is to roll out the enterprise risk appetite framework across retail credit risk with the support of the Canadian and international portfolio teams, and target levels to achieve their business objectives.

He/she is to foster and continuously strengthen relationships with stakeholders across the Retail and Small Business lines, along with the coordination and implementation of Scotiabank’s global limits and operational controls. Understanding of traditional retail mass market, as well as consumer, small business and microfinance segments is an asset, to properly identify key success metrics and formulate effective 2nd line challenge.

Job Responsibilities:

  • Active participation in the Enterprise Risk Appetite Framework process ensuring the allocation process is aligned with Retail and Small Business mix and strategies. Effective communication and strong negotiation skills are required to ensure sound capital allocation and alignment among different stakeholders.
  • Propose and recommend Scotiabank and Business lines limits such as RWA and PCL and target levels to achieve their business objectives. Included are operational controls (escalation metrics and Guardrails) to ensure ongoing effective and proactive monitoring.
  • Ensure alignment on credit efforts with Credit Provisions and PCL expectation through a close interaction with the Financial Controls team.
  • Measure and monitor risk composition through analytics to ensure compliance with risk limits and risk appetite constrains, while assessing market opportunities and capital requirements.
  • Support Retail and Small Business Credit Risk reporting deliverables to ensure that all reporting is delivered on a timely basis with a high degree of accuracy; propose enhancement to best in class monitoring dashboards.
  • Provide project management leadership to coordinate and oversee plans and execute projects, including but not limited to: Board deliverables, OSFI requests, Investor Relations, etc. with a high level of complexity and uncertainty including managing project scope, navigating multiple and competing demands and priorities, as well as determining and conveying impact on timelines, budget and risks using appropriate metrics and assumptions
  • Act as consultant to internal Risk and Business stakeholders to help improve their process and implement strategic initiatives, offering subject matter expertise using process reengineering and technology deliverables (via industry trends and organizational knowledge to understand alternative approaches to solutions).
  • Raise and track risks, issues and conflicts, removes project barriers, resolves issues and/ or escalates them to management and stakeholders when required. Facilitates and manages Steering Committee, Working Group and Project team meetings
  • Act as a trusted partner to the senior management, helping define, supporting with key insights and assets in effective decision making.
  • Identified opportunities for synergies to drive operational awareness and effectiveness based on information and analyses from various sources and key stakeholders.
  • Develop and maintain strong internal and external partner relationships to positive influence idea sharing, collaboration and efficiency.
  • Provide and deliver of special projects, aligned with driving strategic priorities, including initiatives related to employee engagement, departmental strategy, and executive team meetings. Ensure timely engagement with relevant groups, e.g., regulatory, compliance, finance, operational risk, IT, as determined by implications of the change being introduced by the project. Facilitates Project Sponsor awareness of internal factors affecting organizational change that need to be planned for and managed
  • Develop and promote Scotiabank’s Retail credit risk management culture and staff, by sharing knowledge/experience and providing opportunities for staff to share responsibility for achieving business objectives/goals. Recruit high performing and high potential credit risk management candidates
  • Build a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team
  • Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk, as well as the Bank’s risk culture and the relevant risk appetite statement and limits

Job Requirements:

  • 7+ years of project management experience
  • Graduate degree in finance, business, economics or related field
  • Open-minded with a high degree of intellectual curiosity and a propensity to challenge the status quo to advocate creative/innovative solutions within credit risk management. The incumbent must have a strong, proven track record as a change agent.
  • Must possess project planning, financial management and effective resource management skills combined with superior decision-making skills. Exceptional analytical skills and the ability to design and interpret information/data required to monitor the performance of the retail credit functions are essential. The incumbent must have organizational know-how, strong interpersonal skills and influence in order to promote acceptance of new credit risk management methodologies and obtain commitment from others to facilitate the achievement of risk management goals and objectives. Strong negotiating skills and excellent oral/written communication skills are also essential.
  • Must be able to articulate their viewpoint/opinions to all levels within Scotiabank, domestically and internationally as well as, to senior executives. The incumbent must be able to represent Scotiabank on risk management issues in a multitude of external venues (e.g., government regulators, banking committees, external auditors, industry associations, credit risk forums/roundtables, etc.).
  • Building Strategic Relationships – the ability to build and maintain collaborative networks of strategic contacts, both internally and externally, with the specific intent of fostering teamwork and future opportunities and partnerships. It includes using these relationships to further both short and long-term business interests.
  • Strategic Influencing - Ability to convincingly persuade others, including individuals, groups, external stakeholders and markets for the benefit of the organization. Planning how best to win support, gain co-operation and overcome obstacles and barriers.
  • Strategic Thinking - Ability to understand and integrate the business environment into the organization's direction and goals. Well-developed awareness of the impact of global issues on strategies and choices. Emphasis on developing holistic, innovative, long-term business plans for the organization that takes into account people, processes, technology, strategy and global growth.
  • Excellent communication and presentation skills. Spanish language and international experience are an asset
  • Knowledgeable of the lifecycle credit process and policies, with a solid understanding of retail products, industry, and market trends

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, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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 (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) 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.