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Senior Audit Manager, Retail Credit Risk Audit

Requisition ID: 104816Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.


Purpose of Job
The Bank’s Internal Audit Department plays a key role as the third line of defense. The Retail Credit Risk Audit Group has responsibility for providing independent assurance over the effectiveness of controls for retail risk management.
The objective of this position is to lead and manage audits to assess the design and operational effectiveness of internal controls relating to credit risk management activities in Canada and International locations. The incumbent will be required to work as part of a team that audit major business lines in assessing controls relating to credit lifecycle (i.e. adjudication, underwriting, account management and collections). In particular, the strong SME component of the role requires the incumbent to have strong demonstrable skills in data analytics and knowledge of credit risk modelling and risk management frameworks. The incumbent will ensure that department standards are met on all assignments.
The ideal candidate will have approximately 5-7 years of experience in retail credit risk management, knowledge of risk management regulation framework, proficient in advance data analytics. The incumbent should also have good presentation and report writing skills, display good balance between technical knowledge (decision support systems and technology) and soft skills. Spanish language skills would be an asset, though not required.
The incumbent will provide high quality, value-added recommendations to management as part of audits or on special projects / assignments.

Key Job Accountabilities
•    Audit Planning

o    Manage the planning of audits or assigned areas, ensuring scope and extent of work is in accordance with the approved plan, and Audit Methodology.
o    Develop a thorough understanding of the business, risks, and processes for assigned projects.

•    Auditing and Execution

o    Execute assigned audit activities independently as a team member or Officer-in-Charge (OIC).
o    Review effectiveness of controls for managing retail credit risk functions across the Bank.
o    Assess the overall effectiveness and management oversight over credit risk policies.
o    Assess the effectiveness of risk management policies/procedures across Canada and IB leading to a direct impact on delinquency, provision for credit losses and bottom-line profitability
o    Review effectiveness of risk management controls, measurement techniques, limits and reporting based on a detailed understanding of retail and small business portfolios.
o    Act as a data analytics lead; provide the support to relevant audit projects as required.
o    Determine the efficiency, effectiveness, integrity and reliability of internal controls in relation to defined control requirements.
o    Execute and manage assigned activities independently in accordance with the Department Standards ensuring audit testing is sufficient and appropriate to support the audit opinion.
o    Document / review all audit work performed to ensure appropriate working papers are maintained and conform to department standards.

•    Problem Identification

o    Identify and assess materiality of control weaknesses ensuring facts are gathered and determine the root cause of the problem impact, prepare / review audit findings.

•    Reporting/Communication

o    Draft audit findings, reports and correspondence to management; ensure writing is clear, concise and accurate.
o    Present and discuss findings with management as required.
o    Follow Up on open audit issues.
o    Develop and maintain good relationships with key auditee and business line management.


Skills, Experiences &Functional Competencies
•    5+ years of relevant experience working with data analytics in a global financial institution.
•    Knowledge of credit risk modelling techniques and analytical tools such as SAS, R or Python.
•    Experience of using data visualization tool such as Tableau and PowerBI
•    Deep understanding of retail credit risk management methodology, strategies, and process.
•    Thorough ability to write clearly and concisely
•    Highly organized, ability to work in a dynamic and fast paced environment
•    Strong people skills including the ability to lead staff on engagements.

Education & Other Requirements
•    A graduate degree in a quantitative discipline (e.g., Mathematics, Finance, Economics, or Statistics).

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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