Manager, Enterprise Credit Risk Governance

 

 

 

Requisition ID: 272908 

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

 

We are committed to investing in our employees and helping you continue your career at Scotiabank.

 

The Manager, Enterprise Credit Risk Governance, will support the design, alignment, implementation, and oversight of the Retail & Small Business risk appetite framework, credit risk governance forums, and key credit risk controls, ensuring consistency with regulatory requirements, enterprise strategy, and risk goals. The individual drives the identification and implementation of best practices, leveraging audit and regulatory insights to address systemic control gaps and strengthen the overall control environment. This role requires strong analytical expertise and a deep understanding of retail and small business credit risk policies and lifecycle processes and operates as a key contributor within the Enterprise Credit Risk Governance team.

 

They will also collaborate extensively with GRM, business lines, technology and analytics teams, operations, audit, regulators, and other stakeholders to support effective governance, oversight, and decision-making across the Bank.

 

Is this role right for you?  In this role, you will:

 

Manage Retail & Small Business Credit Risk Appetite

 

• Support the development, implementation, and maintenance of the enterprise risk appetite framework, ensuring alignment with Bank’s credit risk strategy and regulatory standards
• Support annual risk appetite activities, including limit setting, calibration, methodology review, and independent challenge
• Monitor risk limits and key performance indicators, ensuring timely identification, escalation, and reporting of deviations against defined thresholds
• Maintain and update risk appetite documentation, including the Retail Credit Risk Appetite Statement (RAS), ensuring accuracy and consistency
• Assess and incorporate regulatory requirements into controls, proactively identifying gaps and ensuring alignment with internal policies and best practices
• Partner with stakeholders across business units to identify, assess, and address risks with potential impact on the Bank’s risk appetite

 

Support the Retail & Small Business Credit Risk Appetite and committee reporting

 

• Support the periodic review and enhancement of enterprise and business line credit risk committee mandates (e.g., Enterprise Senior Credit Committee, Business Line Credit Risk Committee), ensuring alignment with best practices, regulatory expectations, and enterprise risk strategy
• Ensure effective governance of risk committees by monitoring adherence to mandates, decision quality, and overall forum effectiveness
• Support the preparation, consolidation, quality, custodianship and distribution of the Senior Credit Committee materials, enabling decision-focused discussions and supporting the Chair and Secretary in effective committee execution

 

Champion Credit Risk Governance & Controls

 

• Support effective challenge to new initiatives requiring a credit risk assessment under the New Initiatives Risk Assessment (NIRA) framework, ensuring that appropriate risk stakeholders are engaged and that a risk-based rating is provided for each new initiative and / or that action plans are effectively implemented
• Support with the preparation and consolidation of the quarterly subsidiary board deck in collaboration with key stakeholders, including the management of policy and framework adoption, in support of the Chief Risk Officer
• Support the execution of audit issues, collaborating with internal auditors, and other relevant stakeholders to ensure transparent communication and cooperation on governance and compliance audit matters
• Support the Bank’s response to regulatory observations as applicable, collaborating with internal teams, and other relevant stakeholders to ensure timely communication and information is provided
• Leverage audit and regulatory findings to ensure gaps identified and addressed on a timely basis, enhancing the control environment
• Prepare regular and ad-hoc reports for executive management as required

 

Enhance Relationship Management

 

• Build and maintain strong relationships with stakeholders across GRM, business lines, and key control functions, ensuring that all key parties are consulted, engaged or informed based on the specific topic at hand

• Influence cross-functional partners (e.g., Risk Technology, Analytics, Audit, Fraud, Provisions, Finance) to drive aligned outcomes
• Act as a trusted advisor to senior management, communicating risks, insights, and recommendations clearly
• Ensure business strategies and initiatives are aligned with the Risk Appetite Framework and contribute to cross-functional initiatives, providing risk challenges on business cases, proposals, and implementations
• Foster collaboration across global retail risk teams and functional partners to ensure consistency in credit risk governance and portfolio oversight
• Promote disciplined execution aligned with the Bank’s values, Code of Conduct, and control frameworks
• Ensure strong governance and control effectiveness across all activities, including compliance, operational risk, and AML/ATF obligations
• Encourage proactive, agile ways of working and continuous improvement within the team
• Drive continuous improvement by benchmarking practices and embedding lessons learned into governance

 

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

 

• University degree in Business, or related discipline
• 4+ years of experience in credit risk, risk governance, compliance, audit, or related disciplines
• Proactive and able to work independently as well as collaboratively in a team
• Must be creative, self-starting, results-oriented, and highly motivated with excellent analytical skills
• Must have a good knowledge of the bank’s lending products, including Credit Cards, Line of Credits, Mortgages, and Auto Loans, and should have familiarity with the Bank’s Risk Management activities
• A strong sense of urgency and a proven ability to understand, and effectively assess multiple, ongoing requests

 

What’s in it for you?

 

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!

• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

 

 

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.