Title:  Audit Manager, Compliance & AML Audit (Trade Surveillance)

Requisition ID: 214166

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

Purpose

Seeking a detail-oriented Audit Manager who is seasoned Compliance Auditor with significant experience in Trade Surveillance audits, focused on market abuse detection and prevention. This role plays a critical part in ensuring our trading activities comply with regulatory standards and internal policies. The successful candidate will leverage their expertise to lead compliance audits for trade surveillance to identify potential market abuse and work collaboratively with various departments to enhance our controls and procedures.

Accountabilities

• Support Officer in Charge (OIC) in planning, execution and reporting of Global Trade Surveillance Compliance Audit by assessing the control effectiveness and Bank’s adherence to the regulatory requirements and standards. Execute assigned audit activities independently as a team member under the direction of the OIC on any other assignment.

• With a deep expertise in understanding and detection of market abuse scenarios along with prevalent regulations, laws, and industry best practices, assist in the development and execution of a comprehensive and strategic audit plan for Global Compliance Trade Surveillance, ensuring auditable entities remain within cycle.

• Exercises sound knowledge of products (such as Equities, Debt, derivatives, ETFs, FX, etc.), business, and technical expertise to effectively challenge management to improve the control environment.

• Assess the effectiveness of the bank's trade surveillance compliance program through an effective challenge of market abuse alert review and management process to detect possible manipulative and deceptive practices, insider trading and trading on material non-public information etc. and help identify areas of risk and provide actionable recommendations for enhancement.

• Develop tactical strategies for increasing the use of data analytics to drive effective annual planning / risk assessment, and engagement / project execution, specifically, analyze large datasets to detect anomalies or trends indicative of market abuse; utilize data visualization tools to present findings effectively.

• Conducts ongoing monitoring activities to stay abreast of changes (business/industry/regulatory), emerging risks, and themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan. Develops and analyzes strategies/audit procedures to ensure the organization stays ahead of the curve in response to internal and external changes.

• Maintains a thorough understanding of compliance risks and processes.  This includes keeping abreast of key industry developments, regulatory changes, and identifies key systemic issues (arising from audits globally) and internal changes that will impact the annual audit plan and/or quarterly Audit Committee reporting. 

• Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.

• Develops risk-based audit planning documents/procedures, and schedules timing and resources. Prioritizes activities and exercises problem solving skills in audit projects based on risks and tasks assigned in a timely manner.

• Executes testing to support the objective, scope of the audit and help formulate overall opinion. Prepares workpapers on a timely basis, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management.

• Gathers Audit Results, determines the root cause of the problem and the associated impact and reports accordingly. Confirms the audit results with the auditee. Presents an overview of the audit results and findings to line management. Follows-up for corrective action/progress against any reported issues, escalating where necessary.

• Prepare comprehensive audit reports detailing findings, recommendations, and follow-up actions; ensure documentation is complete, accurate, and meets both internal and external expectations.

Education/Experience

• University degree in business, finance, economics, accountancy, or any other relevant area.  

• At least 5+ years’ experience in Compliance, Compliance Audit, Regulatory body, or related consulting experience

• Internal or external audit background.  Accounting designations / technical / professional qualifications (CPA, CFA, CSI etc.) will be an asset.

• Working knowledge of Capital Markets Products and Regulations including Compliance framework, structure, programs, and systems

• Knowledge of regulatory frameworks related to market abuse and conduct (e.g. FINRA, CFTC, SEC, FCA)

• Strong analytical skills with a proven ability to identify issues, evaluate risks, and provide actionable recommendations.

• Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits.

• Ability to execute and supervise multiple projects at any given time.

• Highly developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels and communicates confidently.

• Adopts a risk-based approach to planning and execution, leveraging data analytics, technology, and innovation.

• Strong people management and coaching/development skills.

• Curious mindset that includes asking questions, challenging the status quo, and engaging with diverse points of view.

• Proven ability to work in high levels of ambiguity and in a rapidly changing environment.

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.