Requisition ID: 217367
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
As the third Line of defence, Internal Audit provides enterprise-wide, independent, and objective assurance over the design and operations of the Bank’s 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 Senior Audit Manager assists in leading internal audit activities for the Credit Risk Audit Group in support of the Audit Department in executing on its global mandate, ensuring business strategies, plans and initiatives and all audit activities are conducted / executed / delivered in compliance with governing regulations, internal policies, and procedures. The Senior Audit Manager is a dynamic, innovative, and trusted advisor who uses data to deliver industry leading assurance and insights to keep the Bank and our customers safe.
Is this role right for you? In this role, you will:
Leads and drives a client focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge. Leads and manages end-to-end audits related to the management of credit risk for assigned projects/processes in Global Risk Management, Global Banking & Markets, International Banking and Canadian Commercial Banking, including planning, execution, and reporting. Develops and maintains a thorough understanding of the credit risk management end-to-end process and regulatory requirements. Provide strategic insights and recommendations to enhance the effectiveness and efficiency of internal controls related to the management of credit risk. Acts primarily as Officer in Charge (OIC) as a team member for assigned audits. May act as Audit Principal (AP) for low to medium complexity audits. Assists in the development and execution of a comprehensive and strategic audit plan, ensuring auditable entities remain within cycle. May also execute assigned audit activities independently as a team member under the direction of the OIC on assignment. Leads the execution, planning, and reporting on assigned audit projects. Obtains a thorough understanding of the business/unit/process and associated risks, develops risk-based audit planning documents/procedures, and schedules timing and resources. Prioritizes activities and exercises problem solving skills in audit projects based on risks and tasks assigned in a timely manner. Manages and supervises the end-to-end process of the execution of the audit and ensures the nature and extent of testing is appropriate to support the objective, scope, and overall opinion. Completes timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management. Ensures audit reports are written to a consistent high standard and are finalized within established department metrics. Proactively anticipates client pain points to drive innovative recommendations and ensure organizational agility. Works with other audit teams as required. Carries out specific projects or investigations of a moderate or high complexity and/or confidential nature. Plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing. Ensures audit results are gathered and determines the root cause of the problem. Prepares and/or reviews audit results and findings for presentation to management. Follows-up for corrective action/progress against any reported issues. Ensures relevant information that impacts other audit function areas is shared. Supports a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge. Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments. Completes timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management. Supports ongoing monitoring activities to stay abreast of changes (business/industry/regulatory), emerging risks, and themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan. Supports a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team. Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk. Meets Department training requirements.
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
University/Post secondary degree in Business or equivalent. Relevant Audit or business certifications. At least 5+ years of relevant experience. Working knowledge of credit risk processes and risk management practices, and regulatory environments for each unit as applicable. Proven ability to work in high levels of ambiguity and in a rapidly changing environment. Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits. Strong analytical skills in the use of data analytics or visualization tools to obtain the right data, organize it, and analyze for patterns to provide risk insights and enhanced assurance. Adopts a risk-based approach to planning and execution, leveraging data analytics, technology, and innovation. Ability to execute and supervise multiple projects at any given time. Highly developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels and communicates confidently. Strong people management and coaching/development skills. Curiosity mindset that includes asking questions, challenging the status quo, and engaging with diverse points of view. Fluency in Spanish is an asset.
What’s in it for you?
An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success! We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one! Your career matters! You will have access to career development and progression opportunities.
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.