Title:  Senior Audit Manager, Canadian Banking Audit

Requisition ID: 256158 

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

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 incumbent will be working directly with Directors in Canadian Banking Audit in a hybrid office environment (current in-office expectations of office 3 times/week, subject to change) and be responsible for leading and executing audits over the Retail, Business Banking, and Commercial business lines and control/support functions, including Tangerine. The incumbent will act primarily as Officer-in-Charge (OIC) on related audit engagements and is responsible for managing the planning, execution, and reporting of assigned audits in accordance with department standards.

The Senior Audit Manager assists in leading and executing audit activities for Canadian Banking in support of the Audit Department in executing on its global mandate, ensuring business strategies, plans and initiatives and all audit activities are conducted / executed / delivered in compliance with governing regulations, internal policies, and procedures. 

The Senior Audit Manager is a dynamic, innovative, and trusted advisor who uses data to deliver industry leading assurance and insights to keep the Bank and our customers safe.

The ideal candidate will have 8+ years of experience in retail products (lending and deposits) and/or retail operations, knowledge of regulatory obligations (e.g., FCAC and the Bank Act) and financial controls (SOX), and be proficient in data analytics (data acquisition and data analytics). The incumbent should also have good presentation and writing skills, and display a good balance between technical knowledge (technology) and soft skills. 

Is this role right for you? In this role you will:  
•    Auditing and Execution
o    Acts primarily as Officer in Charge (OIC) for assigned audits. May act as Audit Principal (AP) for low to medium complexity audits.
o    As OIC/AP, oversees execution, planning, and reporting. Obtains a thorough understanding of the end-to-end business unit process and associated risks, develops an appropriate risk-based audit approach and schedules timing and resources.
o    Execute assigned audit activities independently as a team member.
o    Works with other audit teams as required. 
o    Carry out specific projects.
o    Supports a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
o    Assess controls across the First Line of Defense, including financial controls, regulatory obligations, policies and procedures, underwriting, systems, and fraud management.
o    Determine the efficiency, effectiveness, integrity, and reliability of internal controls in relation to defined control requirements, employing data analytics to support conclusions, where applicable.
Ensures audit results are gathered and determines the root cause of the problem. Prepares audit results and findings for presentation to management. Follows-up for corrective action/progress against any reported issues. Ensures relevant information that impacts other audit function areas is shared. 
o    Execute and manage assigned activities independently in accordance with the Department Standards ensuring audit testing is sufficient and appropriate to support the audit opinion.
o    Document all audit work performed to ensure appropriate working papers are maintained and conform to department standards.
o    Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
o    Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments. Builds and maintains strong relationships with internal stakeholders as required. 
o    Supports ongoing continuous 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.
o    Supports 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.
o    Champions a high-performance environment and contributes to an inclusive work environment. 
o    Leads projects assigned, including Continuous Monitoring, Subsidiary Board Reporting, Audit Issue Closure, Whistleblower Investigations, Strategic Initiatives, Employee Engagement Initiatives, etc.
o    Supports increased use of Data Analytics through collaboration with Internal Audit and Audit stakeholders. Assist with peer-to-peer training and knowledge-sharing.
o    Meets Department training requirements for continuous learning.

•    Problem Identification
o    Identify and assess materiality of control weaknesses ensuring facts are gathered and determine the root cause of the problem impact, prepare / review audit findings, as applicable.

•    Reporting/Communication
o    Draft audit findings and correspondence to management. Ensure writing is clear, concise, and accurate.
o    Present and discuss findings and progress with management, as required.
o    Perform and document audit issue tracking and testing.
o    Develop and maintain strong relationships with key auditee and business line management.  
o    Ensures Audit reports are written to a consistent high standard and are finalized within established department metrics.

Do you have the skills that will enable you to succeed? – We would love to work with you if you have:
•    At least 8+ years in Retail Banking, Audit, Regulatory body, or related experience with a deep understanding of lending and deposit products, and key regulations/regulatory related to AML, including SOX. 
•    Strong knowledge of Canadian Banking structure, programs, products, key regulations / regulators, and systems.
•    Working knowledge of the operations and regulatory environments of Retail, Business Banking and Commercial Banking in Canada.
•    Current/prior work experience in First Line of Defense roles at Scotiabank or Tangerine, and/or current/prior Audit experience are preferred.
•    Accounting designations / technical / professional qualifications, university/post-secondary degree in business, finance, economics, accountancy, or any other relevant experience (e.g., First Line testing, QAR, Audit, Compliance) would be an asset.
•    Strong strategic, problem-solving, critical thinking, and analytical skills in the use of data analytics or visualization tools (e.g., Alteryx, PowerBI, Python). 
•    Knowledge of auditing methodology, techniques, tools, and software is an asset.
•    Proven history of presenting to large stakeholder groups.
•    Ability to write clearly and concisely.
•    Proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of Audits.
•    Ability to contribute to multiple projects at any given time.
•    Strong strategic, analytical, problem-solving, and critical thinking skills.
•    A self-starter / takes initiative, deals well with ambiguity, is detail oriented.
•    Highly organized, ability to work in a dynamic and fast paced environment.
•    Strong people management skills, including relationship building with clients.
•    Ability to work at high levels of ambiguity and in a rapidly changing environment.
•    Curiosity mindset.

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.