Requisition ID: 268302 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.  As the 3rd Line of Defence, 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 Director leads and oversees Non-Retail Credit Risk audits in Canada and Internationally across International Banking, Canadian Banking, Global Wealth Management, Global Banking and Markets, and Global Risk Management, in support of the Audit Department in executing its global mandate. The Director ensures business strategies, plans and initiatives and all audit activities are conducted / executed / delivered in compliance with governing regulations, internal policies, and procedures. The Director 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 Audit Principal (AP) or Officer in Charge (OIC) for assigned audits. May also be a participant on audits. Works with other audit teams as required. Carries out specific projects or investigations of a complex and/or confidential nature. As an 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 review findings for presentation to management. Monitors and follows-up for corrective action/progress against any reported issues. Ensures relevant information that impacts other audit function areas is shared. Leads and drives a client focused culture 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. Assists in the due diligence of potential acquisitions. 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. Conducts ongoing monitoring activities to stay abreast of changes (business/industry/regulatory) / emerging risks / themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan. Identifies systemic/emerging issues and/or strategic changes planned/undertaken by the auditee that will impact the audit plan including review of business/strategic plans, review and update the Risk Assessment Database for entities assigned, attend periodic meetings with key management officers to understand changes and new business initiatives and review Key Performance Indicators. Reviews plans against market conditions and re-assess and provide new ideas on an ongoing basis with respect to processes / controls to be audited. Builds 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. Meets Department training requirements. Evaluates the adequacy of system design and internal control framework in meeting business, operational and control objectives. Assists in the preparation of the Quarterly Audit Report to the Audit Committee, ensuring key risks observed during the quarter are identified and summarized for management. Oversees and prepare Continuous Monitoring Reports on a quarterly basis through ongoing monitoring and discussions with management, to stay abreast of new or emerging risks and the effective execution of the Audit Plan. Keeps abreast of changes in laws, regulations, professional standards, and changes in the Bank that could affect the business risk profile. Assists with work performed on behalf of the external auditors as assigned. Provides advice and counsel and other advisory services directed at risk management and new initiatives. Provides advice and counsel on internal control design issues/changes with participation on stakeholder working groups as assigned. Makes presentations to other staff to share information for areas of specialization or information obtained in training programs and external courses. Assists with Quality Assurance program as required including review of documentation and reports of assigned audit project and reporting of findings to Professional Practice Group.

    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 degree (graduate level) in business, finance, economics, accountancy or other relevant area. Accounting designation or other technical/professional designation (e.g. CPA/CFA) as asset.

Minimum of 8 years of Corporate/Commercial/Wholesale Banking and/or Non-Retail Credit Risk Management experience. Working knowledge of the operations and regulatory environments for each unit as applicable.  

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 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. Excellent verbal and written skills with the ability to effectively communication with business partners at all levels of the Bank. Fully bilingual (Spanish/English) is an asset. Experience in data governance practices.

    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 Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.