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Senior Audit Manager, AML/ATF & Sanctions Audit

Requisition ID: 104981Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.


Job Purpose

The Senior Manager will help lead the AML Center of Excellence (CoE) in Internal Audit   to appropriately assess the design and operational effectiveness of internal controls and adherence to Bank policies and applicable regulatory requirements, particularly those related to AML/ATF and Sanctions Risk Management across the Bank.  

 Primary responsibilities include:
•    Act primarily as Project Lead for moderate to highly complex Sanctions and AML audits that focus on the processes and internal controls of the Global – Compliance unit and other major compliance units in higher risk areas globally. 
•    Partner along with Model Risk Audit to jointly assess AML and Sanctions Models if they are “Fit for Purpose” and are working as intended. 
•    In particular, the incumbent will be required to assess controls relating to models used for Anti-Money Laundering/Anti-Terrorist Financing and ensure business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.
•    Participate in significant Business Line Audits where adherence to significant compliance processes is being evaluated. 
•    Support the Director, AML/ATF and Sanctions Audit to develop, maintain and monitor application of audit programs for high risk compliance processes, and to collect, analyse and report cross bank AML audit findings. 
•    Stay abreast of emerging compliance risks and communicate key changes to impacted Audit staff. 
•    Conduct special investigations as assigned.
•    Ensure department standards are maintained in completion of all assignments.

Major Accountabilities

1.    Audit Planning
•    Direct the planning of Sanctions and AML audits for diverse units by ensuring scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, procedures are efficient, appropriate resources are assigned, and risks understood. Prepare planning documentation and sample selection in accordance with the Audit Methodology including the Audit Project Outline and commencement activities
•    Develop and/or update Detailed Audit Programs (DAPs) when changes in AML/ATF and Sanctions regulations and processes occur as required.
•    Identify systemic/emerging issues and changes planned/undertaken by the auditee that will impact the audit plan through discussion with Audit Principal.  This may include pre-planning meetings and walkthroughs with auditees to confirm our understanding of the processes and activities subject to audit.
•    Provide input for the Annual Audit Plan including gathering of key trends and information to confirm planned risks/areas of audit focus.

2.    Auditing and Execution
•    Execute and manage assigned activities independently in accordance with the Department Standards ensuring the nature and extent of testing is appropriate to support the audit opinion.  As OIC of medium to highly complex assignment, this includes ensuring appropriate completion and review of documentation prepared by audit team members.
•    Complete on-site review of assignments as required ensuring adequacy of work performed to support the audit conclusions and compliance with Department Audit Methodology.
•    Manage the execution of the annual independent review of AML/ATF and Sanctions regulations.
•    Supervise assignments with low to medium complexity (e.g. large/central units, complex processes) providing coaching and oversight as Audit Principal to the OIC.

3.    Problem Identification
•    Ensure audit results are gathered, determine the root cause of the problem and associated impact, and report accordingly with limited supervision.  Confirm results of the audit work with the auditee.
•    Prepare and/or review audit findings for presentation to management.
•    Document reported issues in the Audit Issues Tracking Database as required.
•    Review the quarterly status of outstanding issues as assigned.

4.    Reporting/Communication
•    Written reports and correspondence demonstrate good understanding of issues with key risks clearly articulated and materiality and associated impact clearly explained in accordance with the Department Audit Methodology.  Recommendations build in best practices observed in other units.
•    Review/edit reporting from team members and summarize issues in final audit report for assignments of higher complexity.
•    Present findings to line management and conducts audit closings including a discussion/presentation to management with an overview of the audit results and findings for those assignments with some assistance from more senior audit personnel.  
•    Follow-up for corrective action/progress against reported issues in the Audit Issues Tracking database on a quarterly basis.  Escalate where necessary.

5.    HR Management
•    Comply with department established HR Management policies and procedures.
•    Provide guidance and coaching to staff by providing direction and communicating expectations; impart specialized skills to other audit officers through peer discussions and cooperation on cross-functional audits, coaching and performance management. 
•    Manage self development by/through confirming/communicating job expectations and assessing progress ; identifying mentors/coaches and enquiring about training needs; ensuring timely completion of performance appraisals; recruiting, interviewing and selecting candidates

6.    Special Projects
•    As directed by management, 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


Functional Competencies

The incumbent should have a Certified Anti Money Laundering designation (CAMS).
Expert knowledge of:
•    Strong understanding of AML/ATF Industry Best Practices and Canadian regulatory requirements as well as FATF recommendations.
•    5+ years of relevant experience in AML Analytics/Models
•    Thorough ability to write clear, concise audit reports as well as internal and external communication. (Presents audit findings in the context of the “big picture.”)
•    Thorough knowledge of MS Word, Excel, and audit software tools.
•    Thorough knowledge of the Bank’s organizational structure.
•    Expert knowledge of all audit processes and methodologies.
•    Ability to work independently and effectively as an individual contributor and team participant.  
•    Ability to lead staff on all engagements as required

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. 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.

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