Requisition ID: 99088 Cost Centre: NEW YORK AGENCY GENERAL
In this role as an Senior Audit Manager will be working as part of the US Finance Audit Team and be responsible for leading and executing Financial and Regulatory Reporting related audits.
The Senior Manager will lead the team to assess the design and operational effectiveness of internal controls, adherence to regulatory reporting requirements and Bank policies, and the efficiency and effectiveness of operations of the Finance function. The Senior Manager will be responsible for all aspects of the audit, including the planning, execution, and reporting phases. The Senior Manager will also be involved in internal and external issue validation as well as audit continuous monitoring activities.
Is this role right for you? You will be responsible for:
Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions;
Lead and performance of design and operating effectiveness testing to verify the adequacy of controls over regulatory reporting; validation to source documents; and ensuring compliance to regulatory reporting instructions, primarily relating to Federal Reserve System (FRS);
Champions a thorough understanding of the business, risks, and processes for assigned areas;
Champions a thorough understanding of regulatory reporting requirements, associated regulations, guidance, and regulatory expectations;
Responsible for design and execution of strategies and testing plans to verify the adequacy of controls over regulatory reporting; validation to source documents; and ensuring compliance to regulatory reporting instructions, primarily relating to Federal Reserve Bank of New York (FRBNY);
Responsible for reviewing outstanding issues relating to source validation, reporting and controls, performing analysis to identify themes, determining the root cause of the weakness and preparing reports to communicate the test findings
Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
Champions effective communication with stakeholders including appropriate handling of conflicts and issue resolution;
Champions a high performance environment and contributes to an inclusive work environment;
The Senior Manager is responsible for assisting in the review of regulatory reports in areas of risk management related activities.
The Senior Manager is expected to work independently and within a team environment. The planning and management of the operations (both strategic and day to day) is largely left to the incumbent; requiring the incumbent to exercise a great deal of initiative, judgment, and self-direction in meeting objectives and solving problems.
The major accountabilities of the incumbent are associated with tight adherence to non-negotiable deadlines. Consequently, all unforeseen delays must be effectively resolved and escalated in order to bring the submissions back on schedule.
The incumbent must be a creative thinker who can utilize his/her well-rounded knowledge base to solve problems, which are usually outside precedent, and often impact numerous departments and must be resolved within tight time constraints.
Do you have the skills you need to succeed? We’d love to work with you if you have:
At least 8-10 years of verifiable progressive experience in a financial, regulatory, internal audit environment
Experience with analytical and problem solving in the context of a finance department of a banking organization with a product mix of securities, loans and derivatives.
A thorough understanding of regulatory and compliance policies and procedures.
Possess expert understanding of internal audit methodology and principles.
The incumbent must be an effective leader with the ability to contribute to business and strategic planning. The incumbent must be resourceful, a self -starter, possessing a high degree of flexibility, creative thinking and confidence to carry out innovative solutions. Well-developed judgment, management, decision-making and problem-solving skills are required in order to effectively deal with a rapidly changing, complex business environment.
The incumbent must possess expert time management skills in order to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas.
Excellent written communication s skills are essential. In addition, the incumbent should be skilled at verbal presentation, of a caliber suitable for direct exposure to executive management.
Interpersonal skills must be strong and the Incumbent should be well suited acting as a leader in a large team environment in order to oversee various diverse functional areas and delegate responsibilities to the unit head of each area; and effectively implement change.
Location(s): United States : New York : New York City
As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Banks six guiding sales practice principles to ensure they act with honesty and integrity.
We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and their differences and similarities are embraced. Learn more here.
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.