Scotiabank

Senior Audit Manager, Non Retail Credit Risk

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 1 week ago
Job Overview by Ladders

Qualifications

  • University/Post Secondary degree in Business or equivalent; relevant certifications (CPA, CFA, CIA) preferred; MBA is an asset.
  • 5+ years of relevant audit experience, especially in credit risk management.
  • Knowledge of credit risk processes and regulatory environments in banking.
  • Experience with continuous auditing and data analytics techniques is an asset.
  • Strong analytical skills with data visualization tools; proficiency in MS Office essential, knowledge of Power BI and Alteryx is a plus.
  • Demonstrated ability to manage multiple projects in ambiguous environments with minimal supervision.
  • Proficient in communication and interpersonal skills, able to engage confidently with various stakeholders.

Responsibilities

  • Lead and manage end-to-end audits of credit risk management for various banking sectors.
  • Develop a deep understanding of credit risk management processes and regulatory requirements.
  • Provide strategic insights to enhance internal controls for credit risk management effectively and efficiently.
  • Act as Officer in Charge for assigned audits, overseeing planning, execution, and reporting.
  • Proactively identify client challenges to drive innovative audit recommendations.
  • Ensure thorough documentation of internal control weaknesses with actionable recommendations.
  • Review audit findings and ensure timely follow-up on corrective actions with management.

Benefits

  • Inclusive work environment fostering diversity and accessibility.
  • Commitment to a coaching mindset for employee development and retention.
  • Opportunities for professional growth and advancement within a leading bank.
  • Access to training requirements and resources to stay ahead in the industry.
  • Flexibility with non-standard business hours and potential travel opportunities.
Full Job Description
Requisition ID: 251787

As the third Line of defense, Internal Audit provides enterprise-wide, independent, and objective assurance over the design and operations of the Bank's internal controls, risk management and governance processes. We are professionals who thrive in a challenging environment and work with management to find solutions to address control weaknesses. The Senior Audit Manager assists in leading internal audit activities for the Non- Retail Credit Risk Audit Group in support of the Audit Department in executing on its global mandate, ensuring business strategies, plans and initiatives and all audit activities are conducted / executed / delivered in compliance with governing regulations, internal policies, and procedures. The Senior Audit Manager 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 Officer in Charge (OIC) as a team member for assigned audits; may act as Audit Principal (AP) for low to medium complexity audits
  • Leads and drives a client focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
  • Leads and manages end-to-end audits related to the management of credit risk for assigned projects/processes in Global Risk Management, Global Banking & Markets, International Banking and Canadian Commercial Banking, including planning, execution, and reporting
  • Develops and maintains a thorough understanding of the credit risk management end-to-end process and regulatory requirements
  • Provide strategic insights and recommendations to enhance the effectiveness and efficiency of internal controls related to the management of credit risk
  • Assists in the development and execution of a comprehensive and strategic audit plan, ensuring auditable entities remain within cycle; may also execute assigned audit activities independently as a team member under the direction of the OIC on assignment
  • As OIC/AP, leads the execution, planning, and reporting on assigned audit projects; obtains a thorough understanding of the business/unit/process and associated risks, develops risk-based audit planning documents/procedures, and schedules timing and resources; prioritizes activities and exercises problem solving skills in audit projects based on risks and tasks assigned in a timely manner
  • Manages and supervises the end-to-end process of the execution of the audit and ensures the nature and extent of testing is appropriate to support the objective, scope, and overall opinion; completes timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management
  • Ensures audit reports are written to a consistent high standard and are finalized within established department metrics
  • Proactively anticipates client pain points to drive innovative recommendations and ensure organizational agility
  • Works with other audit teams as required
  • Carries out specific projects or investigations of a moderate or high complexity and/or confidential nature; plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing
  • Ensures audit results are gathered and determines the root cause of the problem; prepares and/or reviews audit results and findings for presentation to management; follows-up for corrective action/progress against any reported issues; ensures relevant information that impacts other audit function areas is shared
  • Supports a client focused culture throughout their team 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
  • 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
  • Completes timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management
  • Supports ongoing monitoring activities to stay abreast of changes (business/industry/regulatory), emerging risks, and themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan
  • Supports 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
  • Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Serve as a strategic advisor to senior leaders, guiding and enabling critical discussions to align stakeholders and advance shared priorities.
  • Support the delivery of transformation initiatives within Internal Audit, with a focus on improving consistency, efficiency, and effectiveness across recurring COE activities.
  • Develop and sustain data analytics capabilities to support Non-Retail Credit Risk objectives, broaden assurance coverage, enhance operational efficiency, and generate deeper risk insights.
  • Meets Department training requirements
  • Please Note - this role can have non-standard business hours and overtime is possible at peak times. Periodic travel may be required as well.


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/Post secondary degree in Business or equivalent. Relevant professional certifications, accounting designations (CPA, CIA, CFA, MBA and/or CIA) preferred.
  • Over 8 years of relevant experience, either in a credit/lending environment or auditing within this space.
  • Working knowledge of credit risk processes and risk management practices, and regulatory environments for each unit as applicable
  • Proven ability to work in high levels of ambiguity and in a rapidly changing environment with minimal supervision at times;
  • Experience with continuous auditing, continuous monitoring, agile approach, data analytics and other audit techniques is an asset
  • Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits
  • Strong analytical skills in the use of data analytics or visualization tools to obtain the right data, organize it, and analyze for patterns to provide risk insights and enhanced assurance
  • Adopts a risk-based approach to planning and execution, leveraging data analytics, technology, and innovation
  • Ability to execute and supervise multiple projects at any given time
  • Highly developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels and communicates confidently
  • Strong people management and coaching/development skills
  • Curiosity mindset that includes asking questions, challenging the status quo, and engaging with diverse points of view
  • Excellent knowledge of Non-Retail Credit Risk Management: risk management processes i.e. governance, risk assessment, non-retail risk management life cycle, credit portfolio management, IFRS9 provisioning.
  • Strong project and/or audit engagement management capabilities.
  • Demonstrates high engagement in both independent work and collaborative contributions to the team.
  • MS Office skills essential such as pivot tables and applying data analytics; Power BI and Alteryx skills are also an asset


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

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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