Audit Manager, U.S. Risk Management

Requisition ID: 231825

Salary Range:90000.00-167200.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors including but not limited to the successful candidates relevant knowledge skills and experience.

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

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America operating globally for over 100 years. Scotiabanks strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing mergers & acquisitions corporate banking institutional equity sales trading and research fixed income products derivatives energy foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

As the 3rd Line of Defence Internal Audit provides enterprise-wide independent and objective assurance over the design and operations of the Banks 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 Audit Manager contributes to the overall success of the Audit Function in support of the Audit Department executing its global mandate ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives.

Ensures all activities conducted are in compliance with governing regulations internal policies and procedures.

What Youll Do

• Support the Officer in Charge (OIC) with the execution for assigned audits. This includes completion of audit testing discussions with management and documentation of work performed.

• May act as Officer-In-Charge (OIC) of low to medium complexity for assigned audits.

• Work with other audit teams as required.

• Execute plans and reports on the assigned audits. Obtains a thorough understanding of the business/unit/ process and associated risks develops an appropriate risk-based audit approach and schedules timing and resources.

• Ensure audit results are gathered determining the root cause of the problem and the associated impact. Drafts reports and issues. Presents audit results and findings for presentation to management.

• Champion a client focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.

• Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.

• Stay informed on emerging risks regulatory changes and industry trends. Conveys risk-related information to Officer-in-Charge or Audit Principal and senior management.

• Maintain stakeholder relationships to successfully carry out audit activities.

• Champion a high-performance environment and contributes to an inclusive work environment.

• Meet Department training requirements.

• Assesse the design effectiveness of risk management functions including interaction with the first line and stakeholder and regulatory reporting.

• Review the effectiveness of risk management controls and measurement techniques KRI/limit design and monitoring and risk reporting based on a detailed understanding of underlying trading strategies products and processes.

What Youll Bring

• Technical/Professional qualifications such as MBA CPA CFA and/or CIA.
• 4-6 years of progressive experience in capital markets risk management environment.
• Working knowledge of the operations and regulatory environments for each unit as applicable.
• Ability to work in high levels of ambiguity and in a rapidly changing environment.
• Proficient at applying Scotiabank methodology and using risk-based auditing standards and practices.
• Good analytical skills and proficiency in the use of data analytic or visualization tools.
• Ability to execute multiple projects at any given time.
• Developed interpersonal and communication skills (verbal and written).
• Good people management and coaching/development skills.
• Curiosity mindset.
• Strong knowledge of risk management functions specifically non-financial risk (e.g. operational risk RCSA TPRM data model IT/Cyber) financial (e.g. market credit or liquidity/ treasury risk) and audit functions. Prior auditing experience in these areas. Exposure in working with risk management personnel would be an asset.
• Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies.
• Ability to quickly understand the risks associated with new products processes routines and formulate audit procedures to ensure that the controls are adequate.

Interested

If your experience is closely related but doesnt align perfectly with every qualification we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank every employee is empowered to reach their fullest potential respected for who they are and embraced for their differences. Thats why we work to grow and diversify talent and engage employees in a performance-oriented culture.

Whats in it for you

Scotiabank wants you to be able to bring your best self to work and life every day. With a focus on holistic well-being our many flexible benefit programs are designed to help support your unique family financial physical mental and social health needs.

Location(s): United States : New York : New York City

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.