Requisition ID: 264572

The role of this position is to carry out audits to assess the design and the operating effectiveness of internal controls in Global Banking and Markets (GBM)/Capital Markets divisions. Audits may range across Business, Operations, Product Control, Regulatory Compliance and other GBM/Capital Markets support functions in Toronto from time to time on a need basis. The right candidate for this role will also be required to engage in developing and maintaining a data analytics program for GBM/Capital Markets Audit using data analytics tools.

Is this role right for you? In this role you will:

1. Engagement Planning / Execution
• Manage / assist in the planning and execution of audits of lower to higher complexity/risk. Work as part of the team or individually to provide the audit services. Undertake Office-in-Charge responsibilities on audits as assigned.
• Develop and maintain a data analytics program for GBM/Capital markets Audit using data analytics tools
• 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 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.

2. Problem Identification / Reporting / Communication:
• Identify control weaknesses 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.

Do you have the skills that will enable you to succeed? - We would love to work with you if you have:
• 3 to 5 years' experience in Capital Markets Audit and Capital Markets 1st & 2nd Line Testing,
• Knowledge of Capital Markets Products and processes, and OTC derivative regulations.
• Accounting designations / technical / professional qualifications (CPA, CFA, CIA etc.) will be an asset.
• University degree in business, finance, economics, accounting or any other relevant area.
• Proficient use of Excel to analyze large transaction data for independent testing and validation.
• Knowledge of audit processes and methodologies
• Ability to write clearly and concisely.
• Critical thinker and problem solver
• A self-starter who deals well with ambiguity and is detail oriented.
• Thrives in a dynamic team-oriented environment.

What's in it for you?
• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

Location(s): Canada : Ontario : Toronto

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.