Title: Senior Manager, Audit & Regulatory Compliance

Requisition ID: 253304

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

Leads and oversees the compliance management function for the Audit Department ensuring Audit’s strategies, plans and initiatives are executed / delivered in compliance with governing regulations and internal policies and procedures of the Bank and Department. This includes challenge of regulatory issues closures, coordinate the Department’s compliance against the various pillars of Regulatory Compliance Management including maintenance of regulatory libraries and Compliance Risk and Control Assessment (CRCA); conduct Audit’s self assessment and manage related issues; maintenance and ensure compliance with various internal Audit policies. The role has quarterly reporting responsibilities related to compliance activities.

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

Coordinate the Internal Audit process of tracking, testing and closure of global regulatory Issues, both on the business and on Audit. Tasks include maintaining records of the status of issues, perform the independent review and challenge of audit teams’ validation work performed for closure of issues, and advisory and preparation of the opinion letter issued by the Chief Audit Executive

Oversee Compliance related activities across the Internal Audit department globally including quarterly monitoring of audit obligations, maintenance of regulatory libraries and controls, regulatory reviews, RCSA, and other compliance initiatives. This includes preparation of quarterly reports related to compliance activities to Audit Management and the Board.
Monitor and communicate changes in professional standards and Regulations to the Department through research and liaison with external sources, partners and professional networks. This includes making recommendations for relevant changes to the Audit Methodology
Coordinate the tracking and monitoring of the Audit Department’s compliance with the IIA Code of Ethics, including mandatory training, annual attestations, and proper handling of customer and employee data. Ensures that all breaches of the Code of Ethics and concerns related to professional ethics are reported to Audit Management and the Board on a quarterly basis.

Conduct Audit’s annual self assessment and manage self-identified issues from identification to resolution

Maintain and ensure compliance with various internal policies including but not limited to Regulatory Issues Validation Standard, Audit Department Charter, Gifts & Entertainment Operating Procedure, Third Party Risk Management Policy

Review and redact for CSI and PSI for materials shared externally
Execute on internal internal file reviews, thematic and country functional reviews and support of the external quality assessment, as required
Leads and drives a customer focused culture with his team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates his team by fostering an inclusive work environment; 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:

Professional Accounting Designation
Prior Audit Experience and highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies
Spanish language skills an asset
Strong knowledge of banking and the financial services industry and particularly the regulatory environment
Ability to present to an executive audience

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.

Job Segment: Audit, Compliance, Internal Audit, Risk Management, Investment Banking, Finance, Legal

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