Senior Audit Manager, GBM&T Compliance Audit (221809)
Senior Audit Manager, GBM&T Compliance Audit (221809)
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Job Description
Requisition ID: 221809
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Purpose
The Audit Department as the 3rd Line of Defense plays a crucial role in the Banks internal control system. Its mandate is to provide independent and objective assurance over the design and effectiveness of internal controls to mitigate risks and offer advisory services to enhance the Banks operations.
As a member of the Global Compliance & AML Audit Team you will be responsible for planning and executing Compliance Function audits (2nd line). Working with the Director you will assess the design and operational effectiveness of Global Banking & Markets and Global Treasury Business Line (GBM&T) Compliance function oversight and controls adherence to regulatory requirements and Bank policies and the overall effectiveness of operations. You will assist in all audit phases including planning execution and reporting and lead the validation of internal and external issues as well as continuous monitoring.
This role focuses on the Regulatory Compliance Management (RCM) Framework covering regulatory obligations risk assessment issues management monitoring and testing remediation testing preparation of thematic wrapper reports and executing the strategy for the Compliance Centre of Excellence (CoE). As Officer-in-Charge (OIC) on audit engagements you will manage the planning execution and reporting of assigned audits in accordance with department standards.
Accountabilities
Global Compliance Audit - Centre of Excellence:
- Plan and execute audits of GBM&T (2nd Line) to formulate periodic opinions on the effectiveness of the function in managing regulatory compliance obligations.
- Conduct validation testing to close internal audit and external findings including regulatory issues.
- Report on thematic results of audits and issue validation activities including results of audits executed by business line/country audit teams to ensure adequate coverage across the RCM Framework.
- Assist the Director in developing and managing the periodic Audit Plan.
- Support audit coverage of regulatory obligations e.g. OSFI B-7 (Derivatives) and develop a consistent approach for regulatory compliance audits to be executed by business audit teams enabling Audit to assess the state of Regulatory Compliance risk on an ongoing basis.
- Support the continued development of the CoE Program through the roll-out of a global audit program that ensures a consistent approach to audits and validation activities of regulatory compliance risk for GBM&T.
- Manage and execute the quarterly continuous monitoring program.
- Identify and communicate key regulatory compliance changes and trends/themes.
Development and Management of the Periodic Compliance Audit Plan:
- Maintain a thorough understanding of compliance risks and processes including staying abreast of key industry and regulatory changes. Identify key systemic issues (arising from audits globally) and internal changes that will impact the annual audit plan and/or quarterly Audit Committee reporting.
- Maintain relationships with GBM&T Compliance and audit teams.
- Assist in developing tactical strategies for increasing the use of data analytics to drive effective annual planning/risk assessment continuous monitoring and engagement/project execution.
- Execute audits of the GBM&T Compliance and special investigations/assignments ensuring audit planning execution and reporting are managed according to agreed timelines and department standards.
- Support the Director in representing the Audit across GBM&T Compliance committees.
- Manage self-development by confirming job expectations and developing and managing a personal development plan.
Education/Experience
- Experience:Over 6 years of experience in Compliance GBM&T or related fields including internal audit consulting regulatory experience and data analytics.
- Knowledge:Proficient understanding of the Canadian Securities or Investment Dealer rules regulatory compliance framework structure programs key regulations/regulators and systems.
- Qualifications:Professional designations such as CPA CFA CIA or a post-graduate degree in business finance economics or accountancy are advantageous.
- Audit Expertise:Solid knowledge of audit processes and methodologies.
- Technical Skills:Proficient in MS Excel databases and familiar with Power BI for executing data analytics.
- Presentation Skills:Demonstrated ability to train and present to large stakeholder groups.
- Analytical Skills:Strong strategic analytical problem-solving and critical thinking abilities.
- Initiative:Self-starter who takes initiative handles ambiguity well and is detail oriented.
- Team Player:Thrives in a dynamic team-oriented environment.
- Communication:Excellent written and verbal communication skills.
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.
Required Experience:
Manager
Employment Type
Full Time
