Scotiabank

Senior Audit Manager

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

Qualifications

  • University degree in Business or equivalent; relevant audit/business certifications preferred.
  • Minimum 5+ years of experience in internal audit or related fields.
  • Strong expertise in BSA/AML laws and regulations, with knowledge of OSFI and FINTRAC requirements.
  • Ability to execute testing against AML regulations and assess associated risks.
  • Proficient in risk-based auditing standards and data analytics tools.
  • Excellent interpersonal and communication skills, both verbal and written.
  • Proven people management and coaching abilities.

Responsibilities

  • Lead internal audit activities related to Financial Crimes and AML compliance.
  • Oversee execution, planning, and reporting for assigned audits.
  • Develop risk-based audit approaches for various business processes.
  • Analyze audit results to determine root causes and track corrective actions.
  • Collaborate with other audit teams and manage specific projects as needed.
  • Maintain strong stakeholder relationships and ensure timely communication of audit findings.
  • Support ongoing monitoring of regulatory changes and emerging risks.

Benefits

  • Inclusive and collaborative work environment fostering creativity and curiosity.
  • Competitive rewards package including performance bonus and employee share ownership.
  • Pension plan matching and comprehensive health benefits from day one.
  • Access to career development and progression opportunities.
Full Job Description
Requisition ID: 260295

As the 3rd 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 related to Financial Crimes and AML 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.
  • Provide support to the VP, AML/ATF & Sanctions and the Director (s), AML/ATF & Sanctions Audit with the management of the AML Audit Program which includes test scripts, training, annual planning, quarterly reporting, annual report to Board of Directors, Continuous Monitoring Activities, initiatives, projects (e.g regulatory remediation) and day to day operations of the AML Centre of Excellence. This includes supporting the Director, AML/ATF & Sanctions Audit in continuous monitoring to assess Financial Crime related controls in Transaction Monitoring, Sanctions and KYC areas.
  • As 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 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.
  • Works with other audit teams as required and carries out specific projects.
  • 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-today activities and decisions.
  • Plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing.
  • 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.
  • 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 behaviors; communicating vision/values/business strategy; and managing succession and development planning for the team.
  • Meets Department training requirements.


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 Audit or business certifications.
  • At least 5+ years of relevant experience.
  • Demonstrates expertise in BSA/AML laws and regulations, as well as having experience with OSFI and FINTRAC requirements. Additionally, possesses an understanding of how to apply these requirements in a financial service environment.
  • Work individually or as part of a team to execute testing against AML laws and regulations, including assessing risks related to model design, data, output, and governance.
  • Leads the validation of AML issues identified during audits, ensuring that corrective actions are effectively implemented and sustainable. This includes reviewing management's action plans, conducting follow-up testing, and confirming that issues have been resolved in accordance with regulatory expectations and internal policies.
  • Engages in continuous learning and professional development to stay current with industry trends, regulatory changes, and best practices in AML and audit methodologies.
  • 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 execute and 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.
  • Relevant professional qualifications/certifications such as CAMS, CPA, CFA, CISA will be beneficial.


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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