$100K — $150K *
• As Officer-in-Charge, lead an audit project team in the planning and execution of credit risk transaction audits for the Business Banking credit risk portfolio.
• Conduct credit file reviews to provide independent opinion on quality of credit risk assessment & underwriting, appropriateness & replicability of internal risk rating, and adequacy of provisions - in line with the Bank’s risk appetite and credit policies & procedures;
• Conduct testing at portfolio/unit level to assess the operating effectiveness of risk management practices and controls, including adjudication activities.
• Conduct continuous monitoring over business banking credit portfolios (industry and regional) and support ongoing issue closure & monitoring processes.
• Build & maintain ongoing relationships with key audit clients within the first and second line, support a customer focused culture that deepens client relationships.
• Supports a customer focused culture that deepens client relationships.
• Executes assigned areas in collaborative risk-based audits, ensuring scope and extent of work is in accordance with the approved plan; timing and budget are reasonable; procedures are efficient, and risks understood. Acts as team leader for assigned audits of low to moderate complexity. This includes:
o Holding walk-through meetings with audit clients to develop and document a thorough understanding of the business, key risks and processes for assigned projects.
o Identifying emerging issues that may impact the audit plan.
o Designing or updating audit procedures for assigned audits.
• Executes assigned audits in accordance with department standards ensuring that the nature and extent of testing are sufficient and appropriate to support the audit opinion. Adopts a continuous dialogue approach with the audit clients during the audit to build rapport and maintain a healthy working relationship with the audit clients. This includes:
o Evaluating the adequacy of system design and internal control framework in meeting business, operational and control objectives.
o Striving for efficient execution of assigned audits. The incumbent is expected to seek and obtain direction, perspective and resource support as required in order to complete the assigned audit on time and on budget.
• Identifies control weaknesses during assigned audits and develops audit findings to determine the root cause and associated impact/risk including developing practical and cost-effective recommendations as to how risks can be mitigated. This includes:
o Validating the accuracy of the finding with the auditee and present issues to line management.
o Following up on assigned issues in the Issue Tracking Database for timely resolution.
• Prepares audit findings which clearly report the extent, cost and risk of error, including the impact of those issues on achievement of control objectives, operations processing, financial reporting and regulatory compliance. When in a supervisor capacity, reviews/edits reporting from team members and summarize issues in a draft audit report for review by the assignment supervisor/VP on a timely basis.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her assigned areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct.
• Provide supervision and coaching to Audit Managers, and Auditors on projects.
• International travel may be required for period of 2-3 weeks (as circumstances permit); while travel is often planned in advance, travel may be required upon short notice.
• Extended hours are required on projects at quarter ends, including evenings and weekends.
• Minimum 5-10 years of work experience in a non-retail credit banking/credit/audit environment. Strong knowledge of commercial corporate banking and/or credit adjudication is essential.
• Primarily responsible for performing audits to assess the design and operation of internal controls related to the management of credit risk for assigned projects/processes in Global Risk Management, Global Banking & Markets, International Banking and Canadian Commercial Banking
• Participate in assignments of varying complexity. Act as Officer in Charge (OIC) for audits of low to moderate complexity. As OIC, you will be required to supervise project staff to ensure that assignments are completed on a timely manner in accordance with department standards.
• The incumbent needs to have the ability to work in a fast paced and changing environment where changes cannot always be anticipated or planned in advance.
• The incumbent will provide high quality, value-added advisory services to line management as part of audits or on special projects / assignments. The incumbent will ensure that department standards are met on all assignments.
• Ability to write clear, concise audit reports as well as internal and external communication.
• Knowledge of credit risk processes, analytics and risk management practices.
• Thorough knowledge of MS Word, Excel and audit software tools.
• Data analytics skills and experience in SAS/SQL/R/Python a plus.
• Proven ability to work independently and as part of a team of professionals.
• University degree (graduate level) in degree in Business, Finance, Economics, Accounting, or equivalent. Accounting designations /technical/professional qualifications (CPA/CFA, etc) an asset.
Valid through: 3/3/2021