Purpose
To support and enhance the firm’s third‑party risk and outsourcing management framework in compliance with regulatory requirements, ensuring effective governance, risk assessment, oversight, and monitoring of all material outsourcing and third‑party relationships. Contributes to the overall success of the Enterprise Risk Function in SIDAC, ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the team’s business strategies and objectives.
Accountabilities
Support the development and maintenance of the Outsourcing and Third‑Party Risk Management Framework in line with local regulatory expectations.
Provide oversight and challenge over the effective operationalization of the Third‑Party Risk Management Program, challenging adherence to internal policies and procedures.
Manage the TPRM Regulatory Library, encompassing jurisdiction‑specific regulatory obligations and key controls.
Support enhancements and formal adoption of the Enterprise TPRM Program, including maintaining local addendums, seeking Global TPRM advice & counsel to local elements and exceptions.
Oversee adherence to the Bank’s risk appetite against the TPRM Program by monitoring KRIs and concentration risks in line with the TPRM Risk Appetite.
Provide 2nd line of defence oversight and challenge on the bank’s Third‑Party Risk Management process, ensuring comprehensive, up‑to‑date outsourcing policies and procedures are in place.
Support the integration of third‑party risk into enterprise risk management and operational resilience framework, participating in the TPRM subcommittee, ORC and relevant working groups.
Assist with the review and redesign of pre‑outsourcing risk assessment and due diligence, as well as exit strategies.
Apply consistent and risk‑based vendor assessments, especially for critical and important outsourcing arrangements, and perform TPRM quality control and assurance reviews.
Support Global TPRM to share best practice in third‑party risk management from a regional perspective, and support strategic projects and initiatives for Third‑Party Risk Management.
Work closely with Business Risk Management teams as the main contact in GRM and provide second‑line input as necessary.
Perform gap analysis following publication of regulatory guidelines and Enterprise policies, assisting in the formulation of third‑party associated metrics by working with Internal Controls and seeking concurrence from Global TPRM.
Review the effectiveness of third‑party risk management assessments in new initiatives (NIRA‑OR3 reviews and oversight).
Collaborate with Operational Resilience, IT & Cybersecurity, and Business Continuity Planning teams to address aspects related to third‑party risk management and participate in industry forums to remain current on new developments in TPRM areas.
Provide support for all functions within the Enterprise Risk team where required, including Risk Governance, Operational Risk and Resilience, Data and Risk Reporting.
Risk Governance, Regulatory & Internal Reporting
Coordinate responses to regulatory inspections, risk reviews and outsourcing‑related inquiries.
Support GBM Internal Control and Risk Oversight Reporting (Toronto) on matters pertaining to Risk Management Framework and Risk Appetite.
Prepare risk reports for the Board, Risk Committees and Executive Committees.
Education & Experience
University degree in a business‑related field, with at least 5 years of progressive experience in the financial services industry. A relevant Master’s is desirable.
Broad experience in risk management, audit, capital markets or related areas.
Excellent interpersonal and relationship‑building skills to engage senior management.
Strong communication skills (verbal, written, listening, presentation and facilitation).
Experience with Coupa Risk Assess and Icertis is an asset.
Good knowledge of Microsoft Excel, Word, PowerPoint and Visio.
Ability to work independently.
Location: Ireland – Leinster – Dublin
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.
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