Director, Global Wealth & Insurance Audit
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Requisition ID: 240895
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Purpose
As the 3rdLine of Defense Internal Audit provides enterprise-wide independent and objective assurance over the design and operations of the Banks internal controls riskmanagementand governance processes. We are professionals who thrive in a challenging environment and work with management to find solutions to address control weaknesses.
The Director leads and oversees the internal audit activities forGlobal Wealth and Insurancein support of the Audit Department in executing its global mandate ensuring business strategies plans and initiativesand all audit activitiesareconducted /executed/ delivered in compliance with governing regulations internal policies andprocedures.
The Director is a dynamic innovative and trusted advisor who uses data to deliverindustry leadingassurance and insights to keep the Bank and our customers safe.
Accountabilities
Acts primarily as Audit Principal(AP)or Officer in Charge (OIC) for assignedaudits. May also be a participant on audits.
Works with other audit teams asrequired.
Carries out specific projects or investigations of a complex and/or confidential nature.
As an OIC/APoverseesthe execution planning and reporting. Obtains a thorough understanding of the end-to-end business/unit/process and associated risks developsan appropriate risk-basedaudit approach and schedules timing and resources.
Ensures audit results are gathered anddeterminesthe root cause of the problem. Prepares and/or reviews audit review findings for presentation to management. Monitors andfollows-upfor corrective action/progress against any reported information thatimpactsother audit function areas is shared.
Leads and drives a client focused culture to deepen client relationships andleveragebroader Bank relationships systems and knowledge.
Understands how thebusiness linerisk appetite and risk culture should be considered in day-to-day activities and decisions.
Plans documents andseeksagreement in advance to the project approach andconfirmsconclusions upon completion in the due diligence of potential acquisitions.
Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
Builds andmaintainsstrong relationships with internal and external stakeholders and regulators asrequired.
Interacts and coordinates with other groups involved. Completestimelyreview of workpapers ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicatedtimelyto management.
Conducts ongoing monitoring activities to stay abreast of changes (business/industry/regulatory) / emerging risks / themes or systemic issues that mayimpactthe risk assessment of the audit universe and the audit plan.
Builds a high-performance environment and implements a people strategy that attractsretains develops and motivates their team by fostering an inclusive work environment and using a coaching mindset andbehaviours; communicatingvison/values/business strategy; and managing succession and development planning for the team.
Meets Department training requirements.
Education/Experience
University/Post secondary degree in Business or equivalent. Relevant Auditaccountingor business certifications(CIA CPA CFACFPetc.)
At least 8 years of relevant experiencein internal/external audit and/orWealth Management.
A thorough knowledge ofWealth Managementproducts and servicesprocessesand controls ( managementadvisory/brokerage insurancefinance/accountingAMLandregulatory compliance).
Proven ability to work inhigh levelsof ambiguity and in a rapidly changing environment.
Highly proficient at applyingScotiabankmethodologyand usingrisk-based auditing standards and practices.
Strong analytical skills in the use of data analytics or visualization tools.
Ability to supervise multiple projects at any giventime.
Highly developed interpersonal and communication skills (verbal and written).
Strong people management and coaching/developmentskills.
Curiosity mindset.
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:
Director
Key Skills
- Internal Audit
- Risk Management
- Information Technology
- Financial Controls
- Audit Methodology
- COSO
- GAAP
- COBIT
- SOX
- Special Investigations
- External Auditors
- Financial Statements
- Accounting and Finance
- CPA
About Company
Scotiabank is one of the leading foreign banks serving large national and multinational corporations in the U.S. through its Global Banking and Markets, Global Transaction Banking and Wealth Management business lines.
