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New

Senior Audit Manager, Compliance Audit/Global Banking & Markets (Non-AML)

Scotiabank Global Banking and Markets

This is a Full-time position in Hamilton, on posted November 24, 2021.

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

Purpose 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 Banks operations.

The incumbent has responsibility for planning, executing and reporting of audits to provide independent, objective risk assessment of the effectiveness of the GBM Compliance Programs (2nd Line) with in the overall Regulatory Compliance Management Framework (RCM).

The incumbent will act as Officer-in-Charge (OIC) on audit engagements and is responsible to execute the assigned audits and deliver quality work in accordance with the department Methodology.

The position will also assist the VP and Director within the Compliance Audit Team (CAG) in the design of the Annual Audit Plan and to perform activities under the Center of Excellence model to support the coverage of Laws, Rules and Regs (LRRs) including participation in various regulatory remediation projects.

Accountabilities Planning, Execution and Reporting of the CAG Audit Plan for GBM
• Executes the Audit Plan and updates the Risk Assessment Database as required
• Participates in the audit coverage of LRRs and to develop standard audit programs for adequate and consistent approach to cover regulatory compliance risk
• Participates and assists with the coverage, execution, assessment of regulatory compliance audits related to Market Abuse Rules, OTC Derivative Regulations, Volcker, IIROC etc.

• Maintains a thorough understanding of compliance risks and processes.

This includes keeping abreast of key industry developments, regulatory changes, and identifies key systemic issues (arising from audits globally) and internal changes that will impact the annual audit plan and/or quarterly Audit Committee reporting
• Executes the quarterly continuous monitoring program
• Maintains relationships with Global Compliance and audit teams
• Assist to develop tactical strategies for increasing the use of data analytics to drive effective annual planning / risk assessment, and engagement / project execution Contributing member of the Centre of Excellence (CoE)
• Coverage Capabilities: Provide guidance to prioritize, risk assess and map key LRRs into the audit universe.

Effectively challenge risk assessment & Annual Plan to ensure risk-based coverage of LRRs
• Global Thematic / Extra Territorial Rule: Oversee the Global Coverage approach and support in execution of audits.

Report on coverage, risk assessment and results
• Regulatory Coverage Monitoring: Implement a process to monitor coverage of LRRs.

Analyze results & assess impact on the effectiveness of the Compliance function Education/Experience
• 8 years’ experience in Compliance, Compliance Audit, Regulatory body or related consulting experience
• Working knowledge of Capital Markets Products and Regulations including Compliance framework, structure, programs, and systems
• Internal or external audit background.

Accounting designations / technical / professional qualifications (CPA, CFA, CSI etc.) will be an asset.

• University degree in business, finance, economics, accountancy or any other relevant area.

• Knowledge of audit processes and methodologies
• Ability to write clearly and concisely
• Strong strategic, analytical, problem-solving and critical thinking skills
• A self-starter / takes initiative, deals well with ambiguity, is detail-oriented
• Thrives in a dynamic team-oriented environment 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.

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.