Audit Manager, GBM Audit - Scotiabank, Toronto

AI Summary

This Audit Manager role at Scotiabank in Toronto focuses on Global Banking & Markets. The position involves conducting internal audits within the GBM/Capital Markets divisions and developing a data analytics program. Candidates should have 3-5 years of experience in Capital Markets Audit and a relevant university degree.

About the Opportunity

The Audit Department at Scotiabank serves as the critical 3rd Line of Defense, playing an indispensable role in the Bank's internal control system. Its primary mandate is to provide independent and objective assurance regarding the design and effectiveness of internal controls, which are vital for mitigating risks across the organisation. This department also offers advisory services specifically designed to enhance and improve the Bank's overall operations. This particular Audit Manager position is instrumental in carrying out comprehensive audits to assess the design and operational effectiveness of internal controls within the Global Banking and Markets (GBM) and Capital Markets divisions. The scope of these audits can be broad, encompassing Business, Operations, Product Control, Regulatory Compliance, and various other GBM/Capital Markets support functions primarily in Toronto. A key responsibility for the successful candidate will involve developing and maintaining a robust data analytics program tailored for GBM/Capital Markets Audit, leveraging advanced data analytics tools to drive efficiency and insight in all audits. The role requires managing and executing assigned audits in strict accordance with department standards, ensuring thorough and appropriate testing to support audit opinions, while fostering strong relationships with audit clients through continuous dialogue.

Ideal Candidate Profile

To excel in this Audit Manager role, candidates should possess a strong foundation built on 3 to 5 years of direct experience within Capital Markets Audit, complemented by exposure to Capital Markets 1st and 2nd Line Testing. A comprehensive understanding of Capital Markets Products and processes, alongside knowledge of OTC derivative regulations, is essential for navigating the complexities of the GBM environment. Academically, a university degree in business, finance, economics, accounting, or another relevant field is required. While not mandatory, professional qualifications such as CPA, CFA, or CIA designations are considered a significant asset, demonstrating a commitment to professional excellence in finance and internal audit. The ability to proficiently use Excel for analysing large transaction data is crucial for independent testing and validation, especially when contributing to the data analytics program. Furthermore, a solid grasp of established audit processes and methodologies is expected. Beyond technical skills, the ideal candidate will be a critical thinker and a proactive problem-solver, capable of writing clearly and concisely. This position suits a self-starter who is detail-oriented, comfortable with ambiguity, and thrives within a dynamic, team-oriented department.