Requisition ID: 101846Join the Global Community of Scotiabankers to help customers become better off.
Purpose
Contributes to the overall success of the Global Banking and Markets Audit Department in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the teams 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.
1. Engagement Planning / Execution
Manage / assist in the planning of audits of lower to higher complexity/risk. Work as part of the team or individually and assist the Director, GBM Audit to provide the audit services within GBM Operations, and other Control and Support Functions in Toronto.
Hold walkthrough meetings with audit clients to develop and document a thorough understanding of the key risks and processes for assigned projects.
Design or update audit procedures for assigned audits. The incumbent should apply risk based auditing standards and techniques.
Manage and execute assigned audits in accordance with department standards ensuring the nature and extent of testing are sufficient and appropriate to support the audit opinion. Adopt a continuous dialogue approach with the audit clients during the audit to build rapport and maintain a healthy working relationship with the audit clients.
Ensure completion of audit work withing the time budget.
Assess the effectiveness, integrity and reliability of internal controls in relation to defined control requirements through examination of evidence and execution of test procedures.
Document audit work performed using TeamMate software to ensure appropriate working papers are maintained and conform to department standards.
Working with the Data Analytics team, identify and acquire suitable datasets and design and execute appropriate data driven audit tests.
2. Problem Identification / Reporting / Communication:
Identify control weakenesses and develop audit findings to determine the root cause and associated impact/risk including developing practical recommendations as to how risks can be mitigated.
Validate the accuracy of the finding with the auditee and present issues to line management.
Write audit findings, reports, and correspondence to management, ensuring writing is clear, concise, and accurate.
Follow-up for corrective action/progress against reported issues on a quarterly basis and escalate when necessary
3. Other – Be an integral part of the GBM team and work closely with other teams in integrated audits. Play an active role in department initiatives. Build and foster on-going relationships with audit clients.
Understand how the Banks 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 Scotiabanks 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 Capital Markets products and processes
3-5 years of relevant experience in Capital Markets Compliance or in Audit which should include audit of Capital Markets Compliance activities.
Knowledge about key Capital Markets regulatory requirements and trends
Good analytical skills necessary to assess risk in complex processes. Hands-on data analytics skills would be an asset.
Ability to quickly understand the risks associated with the processes and formulate/update audit procedures to ensure adequacy of the controls.
Strong written and oral communication skills with strong issue and audit report writing skills or a keen interest to develop the same.
Strong team player and work well in integrated audits.
Be proficient in the use of Microsoft Word, Excel, and PowerPoint.
Location(s): Canada : Ontario : Toronto
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.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.