Manager, Risk Management Audit

About the role

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

Responsibilities

• Supports the Officer in Charge (OIC) with the execution for assigned audits.
• Completes audit testing, discusses with management and documents work performed.
• May act as Officer-In-Charge (OIC) of low to medium complexity for assigned audits.
• Works with other audit teams as required.
• Executes, 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.
• Drafts reports and issues.
• Presents audit results and findings for presentation to management.
• Champions a client-focused culture 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.
• Stays informed on emerging risks, regulatory changes, and industry trends.
• Conveys risk-related information to Officer-in-Charge or Audit Principal and senior management.
• Maintains stakeholder relationships to successfully carry out audit activities.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Maintains Department training requirements.
• Affirms the design effectiveness of risk management functions, including interaction with the first line and stakeholder and regulatory reporting.
• Reviews 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.

Requirements

• Technical/Professional qualifications such as MBA, CPA, CFA and/or CIA.
• 4–6 years of progressive experience in audit or capital markets risk management environment.
• Strong knowledge of risk management functions, specifically financial risk (e.g., liquidity/treasury, market, counterparty credit risk) and related non-financial risk (e.g., model, operational) and audit functions.
• Prior auditing experience in these areas.
• Exposure in working with risk management personnel would be an asset.
• Strong ability to assess design, assumptions, data integrity, and governance of complex quantitative processes in line with internal and regulatory standards.
• Ability to quickly understand the risks associated with new products, processes, routines and formulate audit procedures to ensure that the controls are adequate.
• Working knowledge of the operations and regulatory environments for each unit as applicable.
• Proficient at applying Scotiabank methodology and using risk-based auditing standards and practices.
• Ability to apply sound audit judgment in evaluating control design and effectiveness, including challenging management and driving meaningful issue identification, escalation, and closure.
• Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies.
• Good analytical skills and proficiency in the use of data analytic or visualization tools.
• Ability to execute multiple projects at any given time.
• Ability to work in high levels of ambiguity and in a rapidly changing environment.
• Developed interpersonal and communication skills (verbal and written).
• Good people management and coaching/development skills.
• Curious mindset.

Qualifications

• Technical/Professional qualifications such as MBA, CPA, CFA and/or CIA.
• 4–6 years of progressive experience in audit or capital markets risk management environment.
• Strong knowledge of risk management functions, specifically financial risk (e.g., liquidity/treasury, market, counterparty credit risk) and related non-financial risk (e.g., model, operational) and audit functions.
• Prior auditing experience in these areas.
• Exposure in working with risk management personnel would be an asset.
• Strong ability to assess design, assumptions, data integrity, and governance of complex quantitative processes in line with internal and regulatory standards.
• Ability to quickly understand the risks associated with new products, processes, routines and formulate audit procedures to ensure that the controls are adequate.
• Working knowledge of the operations and regulatory environments for each unit as applicable.
• Proficient at applying Scotiabank methodology and using risk-based auditing standards and practices.
• Ability to apply sound audit judgment in evaluating control design and effectiveness, including challenging management and driving meaningful issue identification, escalation, and closure.
• Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies.
• Good analytical skills and proficiency in the use of data analytic or visualization tools.
• Ability to execute multiple projects at any given time.
• Ability to work in high levels of ambiguity and in a rapidly changing environment.
• Developed interpersonal and communication skills (verbal and written).
• Good people management and coaching/development skills.
• Curious mindset.

Skills

• Technical/Professional qualifications such as MBA, CPA, CFA and/or CIA.
• 4–6 years of progressive experience in audit or capital markets risk management environment.
• Strong knowledge of risk management functions, specifically financial risk (e.g., liquidity/treasury, market, counterparty credit risk) and related non-financial risk (e.g., model, operational) and audit functions.
• Prior auditing experience in these areas.
• Exposure in working with risk management personnel would be an asset.
• Strong ability to assess design, assumptions, data integrity, and governance of complex quantitative processes in line with internal and regulatory standards.
• Ability to quickly understand the risks associated with new products, processes, routines and formulate audit procedures to ensure that the controls are adequate.
• Working knowledge of the operations and regulatory environments for each unit as applicable.
• Proficient at applying Scotiabank methodology and using risk-based auditing standards and practices.
• Ability to apply sound audit judgment in evaluating control design and effectiveness, including challenging management and driving meaningful issue identification, escalation, and closure.
• Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies.
• Good analytical skills and proficiency in the use of data analytic or visualization tools.
• Ability to execute multiple projects at any given time.
• Ability to work in high levels of ambiguity and in a rapidly changing environment.
• Developed interpersonal and communication skills (verbal and written).
• Good people management and coaching/development skills.
• Curious mindset.

Benefits

• Scotiabank offers a comprehensive benefits package, including a focus on holistic well-being.
• Flexible benefit programs are designed to support your unique family, financial, physical, mental, and social health needs.

Pay

• The salary range for this position is not specified, but it is commensurate with experience.

Schedule

• Full-time schedule is typically employed.