Title:  Audit Manager, Global Compliance Audit

Requisition ID: 246216  

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

Seeking a detail-oriented Audit Manager with significant experience in either of the three lines of defense, experience in Compliance and Audit would be preferred. As the 3rd Line of Defence, Internal Audit provides enterprise-wide, independent, and objective assurance over the design and operations of the Bank’s internal controls, risk management and governance processes. We are professionals who thrive in a challenging environment and work with management to find solutions to address control weaknesses.

The Auditor contributes to the overall success of the Audit Function in support of the Audit Department executing its global mandate, ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team’s business strategies and objectives.

The successful candidate will perform / manage audits to assess the design and operating effectiveness of internal controls relating to Global Banking Markets and Treasury Compliance activities globally.  The incumbent will be required to work as part of the team and assist the Senior Managers and/or Director, GBM&T Compliance Audit, to provide audit services to capital markets, and/or treasury functions within the Bank. The incumbent will also support the providing of 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.

Is This Role Right for You? In this role, you will:

• Champion a client-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Manage and/or support the Officer in Charge (OIC) with the execution of assigned audits; work with other audit teams as required.
• Have working knowledge of Trade Surveillance Compliance Audit as an asset.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
• Execute, plan and report on the assigned audit projects; obtain a thorough understanding of the business/unit/process and associated risks, develop a risk-based audit plan/procedure, and schedule timing and resources.
• Ensure audit results are gathered and assess the impact of the findings on the internal control framework; this would include confirmation of the findings with the auditee and a discussion of the root cause with the OIC.
• Support the unit’s continuous monitoring program 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.
• Actively engage and coordinate with Stakeholders for audit issue resolution.
• Review the control effectiveness for managing risks in compliance activities.
• Ensure audit reports are written to a consistent high standard and are finalized within established department metrics.
• Manage self-development by confirming/communicating job expectations, identifying mentors/coaches and enquiring about training needs, ensuring timely completion of performance appraisals and manages assigned staff.
• Maintain a thorough understanding of compliance risks and processes; including keeping abreast of key industry developments, and regulatory changes.
• Ensure timely completion of audit assignments with adherence to internal audit methodology standards.
• Maintain stakeholder relationships to successfully carry out audit activities.
• Meet Department training requirements.
• Be accountable for specific work in assigned audits.
• Be expected to work independently and within a team environment; the   management of audits will be guided by the Senior Managers, though the incumbent is expected to exercise initiative, judgment, and self-direction in meeting objectives and solving problems.
• Support the Global Compliance Audit team in a risk-based execution of the audit plan, interact with senior compliance stakeholders, and collaborate and work as part of multifaceted teams executing compliance audits.
• Support continuous monitoring and identifying emerging risks/themes within the audit universe and assessing impact on audit plan.
• Be associated with tight adherence to non-negotiable deadlines; consequently, all unforeseen delays must be effectively resolved and escalated in order to bring the submissions back on schedule.
• 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 to effectively deal with dynamic and complex business environments.
• Will possess time management skills to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas.

Do You Have the Skills?

• University degree in business, finance, accountancy, or any other relevant area.  
• 5+ years of progressive 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.
• Strong analytical skills with a proven ability to identify issues, evaluate risks, and provide actionable recommendations.
• Proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits.
• Ability to execute and contribute towards multiple projects at any given time.
• Ability to work in high levels of ambiguity and in a rapidly changing environment.
• Good analytical skills in the use of data analytics or visualization tools.
• Good interpersonal and communication skills (verbal and written) English and French.
• Develop interpersonal and communication skills (verbal and written) to work with staff and management at various levels and communicates confidently.
• Adopt a risk-based approach to planning and execution, leveraging data analytics, technology, and innovation.
• Be highly proficient in the use of Excel and PowerPoint.
• 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. Working knowledge in risk-based audit methodologies.
• Must possess expert time management skills to manage multi-functional accountabilities through prioritization, conflict resolution and the promotion of ideas.

What’s In It for You?

• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

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.

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