Requisition ID: 217037

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

 

Purpose

Contributes to the overall success of the Audit Function globally ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.

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

Accountabilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Act primarily as Team Participant or in some cases act as Officer-In-Charge (OIC) on assignments of low to medium complexity for assigned projects, processes and units. Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments. Execute assigned audit activities independently as a team member under the direction of the OIC on assignments. This includes completion of audit testing, discussions with management and documentation of work performed. Executes, plans and reports on the assigned audit projects. Obtains a thorough understanding of the business/unit/process and associated risks, develops a risk-based audit plan/procedures, and schedules timing and resources. Delivers end-to- end process of the execution of the audit and ensures nature and extent of testing is appropriate to support the objective, scope and overall opinion. Completes timely review of workpapers, ensures internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management. Ensures audit results are gathered, determine the root cause of the problem and the associated impact and report accordingly. Review/edit reports and summarize issues. Present an overview of the audit results and findings to line management. Ensures audit reports are written to a consistent high standard and are finalized within established department metrics. Execute agreed upon procedures for specific projects or investigations of a low to moderate complexity and/or confidential nature. May assist other audit staff in more complex projects that Audit may be requested to perform. Plan, document and seek agreement in advance to the project approach and confirm conclusions upon completion in writing. Manage self-development by confirming/communicating job expectations, identifying mentors/coaches and enquiring about training needs, ensuring timely completion of performance appraisals and manages assigned staff. Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. Actively pursues effective and efficient operations of his/her 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. Champions a high-performance environment and contributes to an inclusive work environment.

 

Education/Experience

Working knowledge of Global Banking and Markets products: Fixed Income, Equities, FX, Commodities, Prime Services and Loan Ops, and processes. 3-5 years of relevant experience in Internal Audit with GBM, GWO, and/or Regulatory background. Knowledge about key capital markets processes and controls like transaction verification, confirmations, payments & settlements, static and reference data, regulatory requirements under derivatives and Volcker regimes, and FOBO and reporting reconciliations. Good analytical skills and proficiency in the use of Advanced data analytic or visualization tools to assess risk in complex processes and for control testing. Experience with tools such as Python or Alteryx would be an important asset. Ability to quickly understand the risks associated with the processes and formulate/update audit procedures to ensure adequacy of the controls. Ability to challenge the status quo and think outside the box. Strong team player and work well in integrated audits (multiple audit teams working together). Proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits. Ability to supervise multiple projects at any given time. Developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels. Good people management and coaching/development skills. Ability to work in high levels of ambiguity and in a rapidly changing environment. Be proficient in the use of Microsoft Copilot, Power BI, and other regular Office applications. Completed NFA Swaps Proficiency Requirements Course would be an important asset. Desirable CFA, CIA, FRM certifications.

 

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.