Senior Audit Manager, Global Banking and Markets - Regulatory Compliance (Non-AML)

Scotiabank - Toronto, ON (30+ days ago)

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Requisition ID: 87705

Join the Global Community of Scotiabankers to help customers become better off.

The Audit Department is the 3rd Line of Defense and plays a key role in the internal control system of the Bank. Its mandate is to provide independent and objective assurance over the design and effectiveness of internal controls to mitigate risks and to provide advisory services designed to improve the Bank's operations.

The incumbent will be working directly with the Director, Audit - GBM Compliance and be responsible for leading Regulatory Compliance audits as well as audits of the GBM Compliance function. The incumbent will act primarily as Officer-in-Charge (OIC) on Compliance related audit engagements and is responsible for managing the planning, execution, and reporting of assigned audits in accordance with department standards. In addition, the Senior Manager will support the Director in determining the overall audit plan and strategy over the coverage of key regulations and the Compliance function in GBM.

The Senior Manager will work with the Director to lead compliance audits to assess the design and operational effectiveness of internal controls, adherence to regulatory requirements and Bank policies, and the efficiency and effectiveness of operations of the Compliance Function.

Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Identify systemic and emerging issues and strategic changes planned/undertaken by the auditees that will impact the audit plan, including review of business/strategic plans, review and update the Risk Assessment database for entities assigned, attend periodic meetings with key management officers to understand changes and new business initiatives and review key performance indicators;
Maintain a thorough understanding of the business, risks and processes for assigned areas and provide effective guidance to the audit teams;
Manage appropriately the prioritization of testing activities using a risk-based approach to ensure scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, appropriate resources are assigned, risks are understood and the nature and extend of testing is adequate to support the audit findings and conclusions;
Ensure internal control weaknesses are identified; errors are quantified as applicable, associated impact is defined, documented and reported, the identified issues are clearly understood, and the appropriate actions are taken by management.
Ensure audit reports are written to a consistent high standard of quality and are finalized / released within established metrics;
Ensure audit findings are adequately documented in the Audit Issues Tracking Database.
Ensure Teammate working paper files are reviewed timely and the audit work is documented according to the established standards
Maintain effective communication with stakeholders including appropriate handling of conflicts and issue resolution.
Coordinate work performed on behalf of the external auditors as assigned.
Manage the development of staff by providing direction and coaching; impart specialized skills to other audit officers through peer discussions and cooperation on integrated audits;
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team

Education/Work Experience

At least 5 -10+ years’ experience in Compliance or related field covering Compliance functions e.g., internal audit, consulting regulatory experience covering capital markets regulatory compliance activities
Detailed knowledge of the Bank's Compliance framework, structure, programs, key regulations (including derivative regulations – Dodd Frank Title VII, Volcker, Trade Surveillance)/regulators, and systems.
Good understanding of capital markets products, processes and risks
Knowledge of auditing techniques, tools, and software
Internal or external audit background, Accounting designations / technical / professional qualifications (CPA, CFA, CIM, etc.) will be an asset.
Strong written and verbal communication including ability to present and negotiate audit findings to management.
Be a self-starter / takes initiative, deals well with ambiguity, and detail oriented.
Be highly proficient in the use of Excel and Visio.

Location(s): Canada : Ontario : Toronto

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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.