Title: Senior Audit Manager – Toronto, ON
Requisition ID: 42400
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 processes of the Bank. Its mandate is to provide independent and objective assurance over the design and operating effectiveness of the Bank’s internal controls and to provide advisory services to improve the Bank’s operations. The Global Banking Markets (GBM) and Group Treasury (GT) audit team is responsible for assessing the design and operating effectiveness of internal controls relating to capital markets trading and treasury activities in Toronto and international locations.
The incumbent will contribute to the data analytics strategy employed by the Internal Audit function by using data to drive audit testing and continuous monitoring. The candidate for this position will contribute to the development and maintenance of a data analytics platform used by GBM/GT Audit. In particular, the candidate will work closely with other team members to develop analytical and reporting tools to perform audit fieldwork and continuous monitoring effectively and efficiently. In addition, the candidate will be exposed to various trading and treasury products, market risk management processes and other key internal controls employed by the GBM and GT business lines. The role will also involve active engagement in discussions and collaboration with the Front Office, Market Risk Measurement (MRM), Exposure and Capital Analytics (ECA), Trade Floor Risk Management (TFRM), and Risk Management Information Technology (RMIT).
Located in our Toronto office, will be member of integrated audit teams covering end to end processes in Treasury and Trading functions with a focus on model risk assessments. You will be required to travel occasionally to conduct audits in international locations
Under the direction of Director and VP GBM Internal Audit, evaluate the control effectiveness for managing market risks in trading and treasury activities within Front Office units and the Risk Management functions.
Conduct and lead audits with different risk groups and relevant stakeholders for the capital markets and work with various with various stakeholders (MRM, ECA, TFRM and GWO) to ensure that new methodologies, models, assumptions, strategies and products are captured in the audit framework; negotiate timelines and audit issues and escalate any problems that may impede progress or delay implementation.
Stay abreast of industry best practices on market risk, stress testing, value at risk, and on regulatory guidelines; deliver information and analysis on regulatory queries etc.
Provide timely updates to Senior Management on significant developments relevant to GBM Audit team
Help build and maintain data analytics tools and dashboards to effectively analyze market risk metrics, profit and loss data and relevant trading activity metrics.
Work with team members to interpret data analytics results to identify and analyze trends and anomalies for audit testing and continuous monitoring purposes.
Meet all audit department standards and methodologies, as well as relevant regulations and conducts.
Excellent communications skills with a focus on collaboration and team work
Strong analytical and problem solving skills with a proven record of creativity and innovation
Interest in programming and integrating different software tools
Strong interests in finance, capital markets, derivatives, and counterparty credit risk
Experience in software development with exposure to SQL and Unix shell scripting
Experience in relational database design and application development using Java
Experience in the use of data analysis, reporting, and visualization tools (Cognos, Tableau, Power BI)
Proficiency in manipulating large and complex data sets
Graduate degree in a quantitative discipline such as data science, financial engineering, economics, mathematics, statistics, physics, engineering, and computer science or information technology.
Designation in FRM and/or CFA would be an asset, however not required.