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Title:  Senior Manager, U.S. Audit, Capital Markets




Requisition ID: 109522

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


In this role you will contribute to the overall success of the Audit Department in the US ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. You will ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. You will perform and manage audits to assess the design and operating effectiveness of internal controls relating to capital markets activities within the U.S. You will be required to work as part of the team and assist the Director, US Capital Markets Audit to provide audit services to capital markets and related risk management functions within the Bank.

You will also provide high quality, value added advisory services to Management as part of the audits or special projects/assignments, while ensuring that audit methodology standards are met. Apart from possessing strong knowledge in capital market products and related risk management techniques within Broker Dealer and/or Investment Banking Operations, the incumbent should be proficient in applying risk-based auditing standards, practices, techniques, processes and methodologies to the audit of the internal controls.


Is this role right for you? You will be responsible for:

  • Championing a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Reviewing the control effectiveness for managing risks in trading or investment banking activities. Assess the trading and sales practices controls within Front Office units and overall trading management oversight
  • Reviewing effectiveness of risk management controls and measurement technique, limit design and monitoring, risk reporting and traded products valuations based on a detailed understanding of the trading strategies and products
  • Assessing the effectiveness of transaction recording, deal controls and P&L processes
  • Working with auditors within the audit department to perform end-to-end business line reviews
  • Understanding how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Maintaining strong knowledge of capital markets practices, policies and procedures and local regulations
  • Providing support to stakeholders on capital markets issues and/or changes
  • Active engagement and coordination with Stakeholders for audit issue resolution
  • Supporting the unit’s continuous monitoring program so as to understand and identify changing conditions within business, risk and corporate functions, keep abreast of changing risk profiles, guide assessment of emerging risks, identify systemic issues and determine current and future audit requirements


Do you have the skills you need to succeed? We'd love to work with you, if you have:

  • Technical/Professional qualifications such as MBA, CFA and/or CIA
  • 7-10 years of progressive experience in capital markets environment
  • Strong knowledge of capital markets products, risk management and audit functions. Prior auditing experience with respect to trading or investment banking activities. Exposure in working with traders and/or investment banking personnel would be an asset, in addition to a developed understanding of the US regulatory environment around this activity
  • Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies
  • The ability to be resourceful, a self -starter, possessing a high degree of flexibility, creative thinking and confidence to carry out effective solutions. Well-developed judgment, management, decision-making and problem-solving skills are required in order to effectively deal with a rapidly changing, complex business environment
  • Expert time management skills in order to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas
  • Excellent written communication skills are essential, with superior issue and audit report writing skills. In addition, the incumbent should be skilled at verbal engagement and presentation, of a caliber suitable for direct exposure to executive management
  • Working knowledge in risk based audit methodologies



Location(s):  United States : New York : New York City 

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.

Nearest Major Market: New York City

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