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Title:  Senior Manager, U.S. Risk Audit




Requisition ID: 109351

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


In this role as a Senior Manager within the Risk & Remediation team in Internal Audit, 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.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.


The successful candidate will perform / manage audits to assess the design and operating effectiveness of internal controls relating to risk monitoring, challenge, and reporting activities within the U.S.  The incumbent will be required to work as part of the team and assist the Director, US Risk Audit to provide audit services to risk management functions and/or associated first line areas within the Bank. The incumbent 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 risk management techniques and practices for capital markets/banking products and related processes, the incumbent should be proficient in applying risk-based auditing standards, practices, techniques, processes and methodologies to the audit of 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 effectiveness of risk management controls and measurement techniques, limit design and monitoring, and risk reporting based on a detailed understanding of underlying trading strategies, products and processes.
  • Assessing the design effectiveness of risk management functions, including interaction with the first line and stakeholder and regulatory reporting.
  • 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 market risk management practices, policies and procedures and local regulations.
  • Providing support to stakeholders on risk management 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 that will enable you 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 risk management environment.
  • Strong knowledge of market, liquidity/ treasury, model risk management and audit functions. Prior auditing experience in these areas. Exposure in working with risk management personnel would be an asset.
  • Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies.
  • Ability to quickly understand the risks associated with new products, processes, routines and formulate audit procedures to ensure that the controls are adequate.
  • The incumbent must 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.
  • The incumbent must possess 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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