Title:  Director, Methodology, QAIP and Compliance

Requisition ID: 248112

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

The Director leads and oversees a team responsible for internal audit global methodology, the quality assurance improvement program, regulatory compliance and other internal audit activities for the Audit Professional Practice in support of the Audit department in executing its global mandate. The role ensures business strategies, plans and initiatives and all audit activities are conducted/executed/delivered in compliance with governing regulations, internal policies, and procedures.

Is this role right for you? In this role you will:

• Lead the team and be responsible for the development, implementation and support for the Global Internal Audit Methodology, ensuring alignment with IIA Standards, regulatory expectations and industry best practices.  Responsibilities include:
  • • Owning the Global Audit Methodology and leading ongoing methodology enhancements; championing a culture of continuous improvement, identifying opportunities to streamline processes, eliminate inefficiencies, and enhance audit effectiveness
    • Providing subject matter expertise and support to audit teams on methodology interpretation, complex audit scenarios, and emerging risks.
    • Monitoring internal needs and external changes, assessing impacts, and leading timely updates to internal methodology & supporting guidance
    • Developing and maintaining audit tools, templates, and guidance, ensuring consistency, clarity, and usability globally
    • Partnering with other Directors responsible for technology and/or data analytics for the implementation and maintenance of methodology application in the audit technology platforms, such as data analytics tools, workflow systems and automated solutions
    • This role involves close coordination with the Audit Operations Director and in-country Audit Professional Practice team members to ensure training based on global methodology is developed and communicated consistently across the Audit function globally

• Lead the team and be responsible for the Quality Assurance and Improvement Program (QAIP) for the work performed by the Global Audit Department.  Responsibilities include:
  • • Developing and maintaining a comprehensive QA review framework and annual plan
    • Leading the design, execution, and continuous enhancement of the QAIP, ensuring the Program is in full conformance with IIA Standards and regulatory expectations.
    • Overseeing the execution of internal file reviews, thematic and country functional reviews and support of the external quality assessment.  This includes indirect oversight over in-country Audit Professional Practice resources
    • Ensuring effective tracking and closure of QAIP action plans; identifying systemic QA issues and improvement opportunities, and translating findings into actionable recommendations and action plans across global audit teams
    • Preparing and presenting QA results, trends, and thematic insights to the global Audit team and leadership for continuous improvement opportunities; including preparing reports to the Audit and Conduct Review Committee
    • Incorporating QA findings into improvements of methodology, training and embedding best practices across the audit lifecycle.

• Lead the team and be responsible for the compliance function within Internal Audit ensuring that regulatory requirements and internal Bank policies are met as required. Responsibilities include:
  • • Owning the Internal Audit Regulatory Validation Standard and ensuring that the global audit teams meet the expectations as outlined in the Standard
    • Lead and supervise the independent review and challenge of audit teams’ validation work performed for closure of issues raised on the Bank by the respective regulators; including advisory and preparation of the opinion letter issued by the Chief Audit Executive
    • Track and support closure of self-identified and/or regulatory issues raised on Audit
    • Supporting Compliance related activities across the Internal Audit department globally including quarterly monitoring of audit obligations, regulatory reviews, RCSA, annual self-assessment, and other compliance initiatives
    • Producing monthly and quarterly reporting on Regulatory Compliance activities and results and ensuring Employee Monitoring, Conflicts of Interests, compliance IIA Code of Ethics and internal Audit guidelines are monitored and actioned appropriately

• Act as the primary contact to the Whistleblower Office and Corporate Security for all special and confidential investigations requiring Internal Audit assistance. Responsibilities include:
  • • Coordination, triage, assignment and tracking of cases; identifying and escalating risks and concerns to senior leadership as appropriate
    • Establishing and maintaining standardized investigation standards

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed? – We would love to work with you if you have:

• University/Post secondary degree in Business or equivalent. CPA, CFA, CIA or similar designation preferred.
• 10 years of relevant experience in a leadership role

• Strong understanding of the Institute of Internal Audit standards, methodology, quality assurance

• Strong knowledge of the regulations, regulatory dealings and regulatory environment including OSFI and global regulator bodies. 
• Ability to supervise multiple projects at any given time.
• Highly developed interpersonal and communication skills (verbal and written).
• Strong people management and coaching/development skills.

What's in it for you?

• The opportunity to join a forward-thinking bank surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

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.