Scotiabank

Director, Non-Retail Credit Risk Audit

Scotiabank • $120K — $150K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Graduate degree in business, finance, economics, or accounting
  • Accounting designation (CPA/CFA) is a plus
  • 8+ years in Corporate/Commercial Banking or Non-Retail Credit Risk
  • Familiarity with operations and regulations of banking units
  • Strong analytical skills using data analytics/visualization tools
  • Bilingual in Spanish and English is an asset

Responsibilities

  • Act as Audit Principal for assigned audits and participate as needed
  • Collaborate with other audit teams on various projects
  • Lead investigations of complex or confidential nature
  • Oversee audit execution, planning, and reporting processes
  • Ensure compliance with regulations and internal standards
  • Build relationships with stakeholders and regulators
  • Monitor industry changes to update the audit plan accordingly

Benefits

  • Inclusive and collaborative work culture
  • Competitive rewards package including performance bonus and health benefits
  • Career development and progression opportunities
Full Job Description
Requisition ID: 268302

The Director leads and oversees Non-Retail Credit Risk audits in Canada and Internationally across International Banking, Canadian Banking, Global Wealth Management, Global Banking and Markets, and Global Risk Management, in support of the Audit Department in executing its global mandate. The Director ensures business strategies, plans and initiatives and all audit activities are conducted / executed / delivered in compliance with governing regulations, internal policies, and procedures. The Director is a dynamic, innovative, and trusted advisor who uses data to deliver industry leading assurance and insights to keep the Bank and our customers safe.

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

  • Acts primarily as Audit Principal (AP) or Officer in Charge (OIC) for assigned audits. May also be a participant on audits.
  • Works with other audit teams as required.
  • Carries out specific projects or investigations of a complex and/or confidential nature.
  • As an OIC/AP, oversees the execution, planning, and reporting. Obtains a thorough understanding of the end-to-end business/unit/process and associated risks, develops an appropriate risk-based audit approach and schedules timing and resources.
  • Ensures audit results are gathered and determines the root cause of the problem. Prepares and/or reviews audit review findings for presentation to management. Monitors and follows-up for corrective action/progress against any reported issues. Ensures relevant information that impacts other audit function areas is shared.
  • Leads and drives a client focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing. Assists in the due diligence of potential acquisitions.
  • Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
  • Builds and maintains strong relationships with internal and external stakeholders and regulators as required.
  • Interacts and coordinates with other groups involved. Completes timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management.
  • Conducts ongoing monitoring activities to stay abreast of changes (business/industry/regulatory) / emerging risks / themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan.
  • Identifies systemic/emerging issues and/or strategic changes planned/undertaken by the auditee that will impact the audit plan including review of business/strategic plans, review and update the Risk Assessment Database for entities assigned, attend periodic meetings with key management officers to understand changes and new business initiatives and review Key Performance Indicators.
  • Reviews plans against market conditions and re-assess and provide new ideas on an ongoing basis with respect to processes / controls to be audited.
  • Builds a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.
  • Meets Department training requirements.
  • Evaluates the adequacy of system design and internal control framework in meeting business, operational and control objectives.
  • Assists in the preparation of the Quarterly Audit Report to the Audit Committee, ensuring key risks observed during the quarter are identified and summarized for management.
  • Oversees and prepare Continuous Monitoring Reports on a quarterly basis through ongoing monitoring and discussions with management, to stay abreast of new or emerging risks and the effective execution of the Audit Plan.
  • Keeps abreast of changes in laws, regulations, professional standards, and changes in the Bank that could affect the business risk profile.
  • Assists with work performed on behalf of the external auditors as assigned.
  • Provides advice and counsel and other advisory services directed at risk management and new initiatives.
  • Provides advice and counsel on internal control design issues/changes with participation on stakeholder working groups as assigned.
  • Makes presentations to other staff to share information for areas of specialization or information obtained in training programs and external courses.
  • Assists with Quality Assurance program as required including review of documentation and reports of assigned audit project and reporting of findings to Professional Practice Group.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • University degree (graduate level) in business, finance, economics, accountancy or other relevant area.
  • Accounting designation or other technical/professional designation (e.g. CPA/CFA) as asset.
  • Minimum of 8 years of Corporate/Commercial/Wholesale Banking and/or Non-Retail Credit Risk Management experience.
  • Working knowledge of the operations and regulatory environments for each unit as applicable.
  • Proven ability to work in high levels of ambiguity and in a rapidly changing environment.
  • Highly proficient at applying Scotiabank methodology and using risk-based auditing standards and practices.
  • Strong analytical skills in the use of data analytics or visualization tools.
  • Ability to supervise multiple projects at any given time.
  • Highly developed interpersonal and communication skills (verbal and written).
  • Strong people management and coaching/development skills.
  • Curiosity mindset.
  • Excellent verbal and written skills with the ability to effectively communication with business partners at all levels of the Bank.
  • Fully bilingual (Spanish/English) is an asset.
  • Experience in data governance practices.


What's in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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