Job Information
Scotiabank Associate, Third Party Risk Oversight, Asia Pacific in Singapore, Singapore
Associate, Third Party Risk Oversight, Asia Pacific
Requisition ID: 202370
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Contributes to the overall success of the GBM Internal Control team in Asia Pacific by working with GBM Asia Pacific management to ensure business strategies, goals and core values are executed/delivered in alignment with GBM’s strategies and in compliance with governing regulations, internal policies and procedures.
Accountabilities
Championsa customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively 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.
Performs the 1B function of the Bank’s Global Third Party Risk Management (TPRM) Program in APAC and fulfils the associated accountabilities.
Adapts and implements the Bank's Global third party risk management process in APAC, including supporting the implementation of APAC regional regulatory requirements relating to outsourcing, such as MAS Guidelines on Outsourcing in Singapore (and MAS Notice 658 effective 11 Dec 2024), HKMA Supervisory Policy Manual module SA-2 on outsourcing in Hong Kong and other regulatory requirements relating to outsourcing.
Administers and manages global and regional third parties risk assessment and control process, responding to issues when identified, and identifying significant issues to the Global and Regional Third Party Risk Management Committees.
Establishes, maintains and regularly updates the third party risk management process in APAC.
Develops and ensures implementation of recommendations to mitigate identified risks, including those associated with business continuity management.
Partner with and provide ‘sounding board’ guidance to the business lines, technology groups and control and support units to ensure new initiative sponsors assess risks appropriately through the NIRA (New Initiative Risk Assessment) process.
Responsible for leading/ participate / working closely with the senior leadership Regulatory and Business Initiatives Group (RBI) in Toronto on GBM’s regulatory programs in the region for selected regulatory initiatives (eg. OTC derivatives trade reporting remediation work) and in that capacity, driving results by working with the business lines and internal stakeholders to understand the regulatory framework, develop plans and oversee / participating in project implementation to ensure ongoing compliance.
Assist Management with ad-hoc requests and special projects.
Work as a team to complete all other operational risk oversight 1B line of defense activities for Asia Pacific.
Experience/Other Information:
Professional
University degree in Accounting, Business Finance or Risk Management, or equivalent tertiary education
At least 4-5 years' experience in the areas of outsourcing risk management or related operational risk oversight (1B line of defense) function.
Experience within a large financial institution is highly preferred
Technical
Strong knowledge in operational risk management policies and procedures.
Strong data analysis skills
Knowledge in Information Technology and Security is desired.
Behavioral
Excellent verbal and written communication skills; ability to effectively communicate with senior leadership team and 3rd parties
Superior business and analytical skills, ability to focus on key issues and solve problems
Strong attention to detail
Ability to balance competing or conflicting goals of various departments/ stakeholders
A demonstrated ability to collaboratively work in a team environment under tight deadlines.
Expert analytic and problem solving capability
Ability to primarily focus on day-to-day operational execution on an independent basis
Location(s): Singapore : Singapore : Singapore
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. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.