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Title:  Senior Audit Manager, Global Banking & Markets

 

 

 

Requisition ID: 158815

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

 

Purpose

 

The Bank’s Internal Audit Department plays a key role in the risk management processes of the Bank. Its mandate is to provide independent and objective assurance over the design and operating effectiveness of the Bank’s internal controls and to provide advisory services to improve the Bank’s operations.  The Global Banking Markets (GBM) and Group Treasury (GT) audit team is responsible for assessing the design and operating effectiveness of internal controls relating to capital markets trading and treasury activities in Toronto and international locations. 

The incumbent will contribute to the data analytics strategy employed by the Internal Audit function by using data to drive audit testing and continuous monitoring. The candidate for this position will contribute to the development and maintenance of a data analytics platform used by GBM/GT Audit. In particular, the candidate will work closely with other team members to develop analytical and reporting tools to perform audit fieldwork and continuous monitoring effectively and efficiently. In addition, the candidate will be exposed to various trading and treasury products, market risk management processes and other key internal controls employed by the GBM and GT business lines. The role will also involve active engagement in discussions and collaboration with the Front Office, Market Risk Measurement (MRM), Exposure and Capital Analytics (ECA), Trade Floor Risk Management (TFRM), and Risk Management Information Technology (RMIT).

Located in our Toronto office, will be a member of integrated audit teams covering end-to-end processes in Treasury and Trading functions with a focus on model risk assessments. You will be required to travel occasionally to conduct audits in international locations

 

Key Accountabilities

 

  • Under the direction of Director and VP GBM Internal Audit, evaluate the control effectiveness for managing market risks in trading and treasury activities within Front Office units and the Risk Management functions.
  • Conduct audits with different risk groups and relevant stakeholders for the capital markets and work with various stakeholders (MRM, ECA, TFRM and GWO) to ensure that new methodologies, models, assumptions, strategies and products are captured in the audit framework; negotiate timelines and audit issues and escalate any problems that may impede progress or delay implementation.
  • Stay abreast of industry best practices on market risk, stress testing, value at risk, and regulatory guidelines; deliver information and analysis on regulatory queries etc.
  • Provide timely updates to Senior Management on significant developments relevant to the GBM Audit team
  • Help build and maintain data analytics tools and dashboards to effectively analyze market risk metrics, profit and loss data and relevant trading activity metrics.
  • Work with team members to interpret data analytics results to identify and analyze trends and anomalies for audit testing and continuous monitoring purposes.
  • Meet all audit department standards and methodologies, as well as relevant regulations and conducts.

 

Functional Competencies

 

  • Excellent communications skills with a focus on collaboration and teamwork
  • Strong analytical and problem-solving skills with a proven record of creativity and innovation
  • Strong interests in finance, capital markets, derivatives, and counterparty credit risk
  • Experience in or exposure to VBA, SQL, Python and Unix shell scripting
  • Experience in the use of data analysis, reporting, and visualization tools (Cognos, Tableau, Power BI) 
  • 5-7 Years of experience in Capital Markets including Market Risk, Counter Party Credit Risk, and trading floor risk management. Preference will be given to the candidates with the Audit Background.   

 

Educational Requirements

 

  • Graduate degree in financial engineering, economics, finance or mathematics.
  • Designation in FRM and/or CFA, CIA would be an asset, however not required.

 

 

 

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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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