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Requisition ID: 89968
Join the Global Community of Scotiabankers to help customers become better off.
The Bank’s Internal Audit Department plays a key role in the risk management process of the Bank. It's mandate is to provide independent and objective assurance over the design and operation of the Bank’s controls and operational processes and to provide advisory services designed to improve the Bank’s operations.
The role of this position is to perform and (in some cases) manage audits to assess the design and operational effectiveness of internal controls relating to trading and treasury activities in Toronto and international locations. The incumbent will be required to work as part of a team that audit major business lines (Global Banking and Markets and Group Treasury) and assist the Director, GBM / GT Audit in assessing controls relating to front, middle and back offices in different locations that relate to the business lines. The incumbent will provide high quality, value-added advisory services to line management as part of audits or on special projects / assignments. The incumbent will ensure that department standards are met on all assignments.
Strong knowledge of treasury and capital market products, and market risk management techniques will be required to perform treasury/trading related audits covering structural, market and liquidity management risks. The incumbent should be proficient at assessing applicability of regulations and applying risk-based auditing standards, practices, techniques, processes and methodologies.
•Reviewing effectiveness of risk management controls, measurement techniques, limits and reporting based on a detailed understanding of the treasury strategies and products involving interest rate risk, liquidity and funding management.
•Reviewing effectiveness of controls for managing risks in trading.
•Assessing the trading and sales practices controls within Front Office units and overall effectiveness of trading management oversight
•Reviewing adequacy of various methodologies including structural interest rate risks and liquidity measurement.
•Assessing the effectiveness of transaction recording, deal controls and P&L processes
•Work with auditors in the group in order to perform end to end business line reviews, as directed by the Director / V.P. Global Baning Markets /Group Treasury Audit
•In-depth knowledge of treasury, capital markets and banking products with superior understanding of various risk management techniques and data risk management.
•3-5 years of experience in treasury functions, capital markets risk management or audit functions. Prior auditing experience with respect to trading and treasury activities, especially exposure in working with traders and risk management personnel would be an asset.
•Strong and up-to-date knowledge in capital markets and banking regulatory requirements and trends
•Strong analytical skills necessary to assess risk exposures in complex products and understand risk quantification and valuation methodologies
•Ability to quickly understand the risks associated with new products, processes, and formulate audit procedures to ensure that the controls are adequate
•Strong written and oral communication skills
•Good understanding of regulatory requirements for liqudity risk management and/or interest rate risk management is an asset.
•Good data analytical skill (i.e. Power BI and Machine Learning) is an asset.
Location(s): Canada : Ontario : Toronto
As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.
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.