Scotiabank
    Published
    April 29, 2024
    Location
    Toronto, Canada
    Job Type

    Description

    Global Transaction Banking 

    Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

    As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

    At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

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

    Purpose
    Contributes to the overall success of the Network Management team for Correspondent Banking by providing global control and oversight of Correspondent Banks that provide payment clearing services to Scotiabank. The oversight includes the network of Nostro accounts for North America, LatAm and CCAU, the associated RMA Governance, as, ensuring specific individual goals, plans and initiatives are executed / delivered in support of the team’s business strategies and objectives. In addition, ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

    What You’ll Do:

    • Effectively and efficiently manage the overall framework and governance of the Correspondent Banking network in collaboration with key internal parties, bringing a balanced and prudent approach to managing business needs and associated risks, and encompassing industry best practices across Scotiabank footprint including GBM and International Banking.
    • Network Banks
      • Own, manage and execute on service review framework for Nostro service providers
      • Execute on the Nostro due diligence framework, under the Third-Party Risk Management Policy
    • Lead a team of network managers, providing guidance, coaching and development as required to allow network managers to develop through knowledge of Scotiabank’s network and manage the complex projects in addition to BAU activities such as nostro third party intakes, updates to Coupa and daily requests/issues/escalations from the stakeholders.
    • Ownership of the ongoing development and implementation of Nostro Network governance procedures as well as associated SWIFT RMA network Governance, driving awareness, adoption and compliance across the Bank’s footprint.
    • Continually work with internal and external partners to leverage the MIS to improve processes and to ensure controls are adequate, including recommending ongoing enhancements that would strengthen controls and render processes more efficient and effective.
    • Continually monitor business trends, market best practices, regulatory environment, and work with internal and external groups to recommend and implement changes.
    • Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions, and proactively identifies opportunities to improve processes/controls and/or reduce risks.
    • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. This includes the development of regular risk and business MIS reports to enable senior management business decisions and support relationship managers within Correspondent Banking
    • Actively 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.
    • Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team.

    What You'll Bring:

    • Minimum of 5 years’ experience in network management
    • Minimum of undergraduate degree in business/finance, related field or equivalent experience
    • Proven ability to build strong cross-divisional relationships
    • Employs excellent verbal and written communication skills as well as strong relationship management skills
    • Works independently and effectively under time pressure to meet deadlines, balance work priorities and resolve problems in a timely manner
    • Experience with project management is highly desirable

    Interested? 
    If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

    At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

    What's in it for you? 
    Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

    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. If you require technical assistance, please click here. 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.

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