Manager, U.S. Compliance Audit

About the role

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. Global Banking & Markets 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.

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 Bank's operations.

Responsibilities

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Identify systemic and emerging issues and strategic changes planned/undertaken by the auditees that will impact the audit plan, including review of business/strategic plans, review and update the Risk Assessment database for entities assigned, attend periodic meetings with key management officers to understand changes and new business initiatives, and review key performance indicators
• Maintain a thorough understanding of the business, risks, and processes for assigned areas and provide effective guidance to the audit teams
• Manage appropriately the prioritization of testing activities using a risk-based approach to ensure scope and extent of work is in accordance with the approved plan, timing, and budget are reasonable, appropriate resources are assigned, risks are understood, and the nature and extend of testing is adequate to support the audit findings and conclusions
• Ensure internal control weaknesses are identified, errors are quantified as applicable, associated impact is defined, documented and reported, the identified issues are clearly understood and the appropriate actions are taken by management
• Ensure audit reports are written to a consistent high standard of quality and are finalized/released within established metrics
• Ensure audit findings are adequately documented in the Audit Issues Tracking Database
• Maintain effective communication with stakeholders including appropriate handling of conflicts and issue resolution

Requirements

• At least 5 years’ experience in Compliance, Audit, consulting, or Regulatory body
• Excellent knowledge of Compliance (non-AML) laws, regulations, guidance, and regulatory expectations
• Knowledge of auditing concepts and techniques
• Well-developed judgment, management, decision-making and problem-solving skills
• Strong written and verbal communication skills
• Expert time management skills with the ability to take on multiple projects at one time
• Excellent work paper documentation skills (i.e., thorough/detail-oriented)
• The ability to work independently and within a team environment
• Highly proficient use of Word, Excel, and PowerPoint

Benefits

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.