Job Description

Requisition ID: 277643

Employee Referral Program – Potential Reward: $0.00

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Job Description

Business Risk Management, Asia Pacific (BRM APAC) is responsible for working with Global Banking & Markets (GBM) Asia Pacific management to ensure that the region's GBM business units maintain appropriate controls to effectively manage operational risks and comply with applicable regulatory requirements.

Our responsibilities include:

1. Ensuring that GBM policies and procedures are consistently implemented to effectively manage the operational risks applicable to the business units.
2. Ensuring that applicable new business and technology initiatives emanating from or launched in the region and those initiated by other GBM groups but that have an impact on any or all of the APAC GBM units, are handled in accordance with the GBM New Initiative Risk Assessment process.
3. Ensuring that the processes and practices in the new and existing businesses meet the applicable regulatory requirements.

With the increased industry focus on operational risk management, BRM APAC offers challenging and exciting career opportunities.

Overview

As an intern within BRM APAC, you will be responsible for supporting various activities and gaining relevant exposures:

1. Risk Oversight Processes

• Support front office supervisory oversight and monitoring processes and tasks e.g., coordinate trading oversight reporting and front office supervision related activities.
• Monitor activities related to various financial products such as credit products, interest rates, and foreign exchange; together with a wide range of derivative products on these asset classes.
• Organize different booking practices such as remote booking location requirements and implement required checks and controls.

1. Risk Management Tools

• Participate in related risk management tools as necessary, e.g. Compliance Risk and Control Assessment (CRCA), Risk and Control Self-Assessment (RCSA), New Initiative Risk Assessment (NIRA), Operational Risk Events review, Scenario Analysis.
• Monitor Key Risk Indicators (KRIs) and the required set-up and ongoing discussions that are required as part of the refresh and challenge process.
• Support preparation of various local governance and management committee meetings.

1. Change Management Projects

• Assist in the design, streamlining and mapping of processes.
• Build efficiency through sharing of best practices.
• Assist in reviewing business end to end process and key controls documentation.
• Gain exposure to key internal controls for front office to back office end-to-end process.

Pre- Requisites:

Academic Qualifications

• Studying for a degree / major in Finance/Accounting/Business/Economics. Other disciplines will also be considered.
• Preferably in Year 2 or final year of undergraduate studies

Skillset and Qualities

• Display strong appreciation of controls and non-financial risk concepts and be undertaking Business, Finance or Accounting degree.
• Strong MS Excel skills preferred
• You will need to demonstrate teamwork, leadership, and problem-solving skills
• The ability to work in a fast-paced environment, multi-task and interact with a variety of people are also key qualities

Learning Outcomes

Technical Skills and Competencies Trainee will learn at the end of the Traineeship:

• Acquire a better understanding of Internal Controls concepts and perform relevant assessments.
• Exposure to operational risk management tools and Front Office supervision and oversight processes
• Understanding of regulatory requirements and the relevant controls to effectively manage trading and operational risks in the Global Banking and Markets businesses
• Improve knowledge of financial products
• Exposure to the Bank’s training courses on conduct
• Develop project management and presentation skills to senior managers in the Bank.

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, 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.