Senior Audit Manager, Credit Risk Audit

Requisition ID: 222478

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

Purpose

As the third Line of defense, 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:

• Lead and drive a client focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Lead and manage 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.
• Develop and maintain 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.
• Act 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.
• Assist 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.
• Lead the execution, planning, and reporting on assigned audit projects. Obtain a thorough understanding of the business/unit/process and associated risks, develop risk-based audit planning documents/procedures, and schedule timing and resources. Prioritize activities and exercise problem solving skills in audit projects based on risks and tasks assigned in a timely manner.
• Manage and supervise the end-to-end process of the execution of the audit and ensure the nature and extent of testing is appropriate to support the objective, scope, and overall opinion. Complete timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management.
• Ensure audit reports are written to a consistent high standard and are finalized within established department metrics.
• Proactively anticipate client pain points to drive innovative recommendations and ensure organizational agility.
• Work with other audit teams as required.
• Carry out specific projects or investigations of a moderate or high complexity and/or confidential nature. Plan, document, and seek agreement in advance to the project approach and confirm conclusions upon completion in writing.
• Ensure audit results are gathered and determine the root cause of the problem. Prepare and/or review audit results and findings for presentation to management. Follow-up for corrective action/progress against any reported issues. Ensure relevant information that impacts other audit function areas is shared.
• Support a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
• Support 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.
• Support a high-performance environment and implement 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 vision/values/business strategy; and managing succession and development planning for the team.
• Create 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.
• Meet 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.
• OSFI/Regulatory background, Global Banking & Market experience is preferred.

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.