Purpose

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 address control weaknesses.

The incumbent will be working directly with Directors in Canadian Banking Audit in a hybrid office environment (current in-office expectations of office 3 times/week, subject to change) and be responsible for leading and executing audits over the Retail, Business Banking, and Commercial business lines and control/support functions, including Tangerine. The incumbent will act primarily as Officer-in-Charge (OIC) on related audit engagements and is responsible for managing the planning, execution, and reporting of assigned audits in accordance with department standards.

The Senior Audit Manager assists in leading internal audit activities for Canadian Banking Audit in support of the 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 ideal candidate will have solid technical and Canadian Banking policy and product knowledge, and experience in data analytics (data acquisition and/or data analytics) which could be leveraged to and develop continuous monitoring/auditing MIS dashboards.

The Senior Audit Manager is a dynamic, innovative, and trusted advisor who uses data and subject matter expertise to deliver industry leading assurance and insights to keep the Bank and our customers safe.

Accountabilities

• Acts primarily as Officer in Charge (OIC) for assigned audits. May act as Audit Principal (AP) for low to medium complexity audits.
• As OIC/AP, oversees 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. Ensure 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.
• Plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing.
• Ensures Audit reports are written to a consistent high standard and are finalized within established department metrics.
• 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 continuous 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 vision/values/business strategy; and managing succession and development planning for the team.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Leads projects assigned, including Continuous Monitoring, Subsidiary Board Reporting, Audit Issue Closure, Whistleblower Investigations, Strategic Initiatives, Employee Engagement Initiatives, etc.
• Supports increased use of Data Analytics through collaboration with Internal Audit and Audit stakeholders. Assist with peer-to-peer training and knowledge-sharing.
• Meets Department training requirements for continuous learning.

Education/Experience

• At least 5+ years in Retail Banking, Global Operations, Audit, Regulatory body or related experience. Current/prior work experience in First Line of Defence roles at Scotiabank or Tangerine, and/or current/prior Audit experience are preferred.
• Strong knowledge of Canadian Banking structure, programs, products, key regulations / regulators, and systems.
• Post-secondary education.
• Working knowledge of the operations and regulatory environments of Retail, Business Banking and Commercial Banking in Canada.
• Knowledge of auditing methodology, techniques, tools, and software is an asset.
• Proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of Audits.
• Ability to contribute to multiple projects at any given time.
• Highly developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels.
• Strong people management and coaching/development skills.
• Good analytical skills and proficiency in the use of data analytics or visualization tools.
• Proficient in the use of Excel and PowerPoint.