Sr. Manager Third Party Resilience - Scotiabank, Toronto

AI Summary

Scotiabank is seeking a Sr. Manager Third Party Resilience in Toronto, Ontario. This pivotal role involves leading the development and implementation of an enterprise-wide internal contingency planning program, ensuring the bank's operational resilience against disruptions involving external service providers. Key duties include aligning the program with the broader operational resilience framework and the Third Party Risk Management (TPRM) lifecycle. Successful candidates will possess 7-10+ years of experience in risk management, operational resilience, or business continuity within the financial services industry, coupled with demonstrated expertise in TPRM frameworks.

About the Role

As a Sr. Manager Third Party Resilience at Scotiabank, you will be instrumental in shaping the bank's ability to withstand and recover from external disruptions. This critical management position involves leading the design, build, and rollout of an enterprise-wide internal contingency plan program, with explicit alignment to robust third-party risk practices. This includes addressing concentration risk, substitutability, and exit strategy requirements to safeguard the bank's operations. You will support the development of comprehensive governance, standards, and processes for contingency planning across various business lines and corporate functions, deeply embedding Third Party Risk Management (TPRM) principles. A key aspect of this role is driving coordination and integration between contingency planning, business continuity, operational resilience, TPRM, Global Procurement Services, and Operational Risk activities to ensure a unified and effective approach across the entire bank. You will partner closely with Operational Risk to validate that all contingency plans and exit strategies meet both the bank's internal expectations and stringent regulatory requirements. Overseeing ongoing program monitoring, reporting, and compliance, including essential training and onboarding initiatives, will also be a core responsibility. Furthermore, you will guide business units in developing, testing, and maintaining their contingency plans, providing expert subject-matter expertise and constructive challenge. Leading program exercises and scenario testing specifically focused on third-party disruption events will be crucial, ensuring that lessons learned continuously inform and improve the bank's resilience program. Maintaining strong knowledge of OSFI guidelines, such as B-10, and global regulatory trends affecting third-party oversight and resilience expectations is paramount to the success of this program.

Skills and Experience for this Banking Role

To excel in this Sr. Manager Third Party Resilience role within Scotiabank's dynamic banking environment, candidates should possess 7–10+ years of progressive experience in risk management, operational resilience, business continuity, or related fields specifically within the financial services industry. Demonstrated expertise in Third Party Risk Management (TPRM) frameworks is essential, encompassing inherent/residual risk assessments, ongoing monitoring, and thorough third-party control evaluations. A strong understanding of OSFI regulatory guidelines and the broader Canadian financial sector expectations is critical for navigating the complex regulatory landscape of the bank. The successful individual will have a proven ability to design and implement enterprise-wide programs that have cross-functional impact, showcasing strong program and project management capabilities. A background in change management practices, particularly those focused on efficiency, will be highly valued. We are seeking a flexible and creative thinker with the ability to define business tradeoffs, generate innovative out-of-the-box solutions, and effectively manage uncertainty. The capacity to proactively identify and solve complex problems that impact management and the overall business direction is key. Furthermore, the ability to prioritize effectively against many competing interests in an environment of constant change is crucial for success in this demanding role. Experience participating in internal and regulatory audits related to third-party oversight, contingency planning, or operational resilience will also be a significant asset.