Verified Job
Accounting - Finance
Audit Manager, Global Banking & Markets Audit
Accounting - Finance
#550796
Remote / WFH
Job Description
Requisition ID: 217342
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
The Audit Department is the 3rd Line of Defense and plays a key role in the internal control system of the Bank. Its mandate is to provide independent and objective assurance over the design and effectiveness of internal controls to mitigate risks and to provide advisory services designed to improve the Bank's operations.
The role of this position is to carry out audits to assess the design and the operating effectiveness of internal controls in Global Banking and Markets (GBM)/Capital Markets divisions. Audits may range across Business, Operations, Product Control, Regulatory Compliance and other GBM/Capital Markets support functions in Toronto from time to time on a need basis. The right candidate for this role will also be required to engage in developing and maintaining a data analytics program for GBM/Capital Markets Audit using data analytics tools. Capital Markets business at Scotiabank covers Fixed Income, Equities, FX, Commodities, Prime Services and Loan Ops.
Accountabilities
1. Engagement Planning / Execution
Manage / assist in the planning and execution of audits of lower to higher complexity/risk. Work as part of the team or individually to provide the audit services. Undertake Office-in-Charge responsibilities on audits as assigned.
Develop and maintain a data analytics program for GBM/Capital markets Audit using data analytics tools
Hold walkthrough meetings with audit clients to develop and document a thorough understanding of the key risks and processes for assigned projects.
Design or update audit procedures for assigned audits. The incumbent should apply risk based auditing standards and techniques.
Manage and execute assigned audits in accordance with department standards ensuring the nature and extent of testing are sufficient and appropriate to support the audit opinion. Adopt a continuous dialogue approach with the audit clients during the audit to build rapport and maintain a healthy working relationship with the audit clients.
Ensure completion of audit work withing the time budget.
Assess the effectiveness and reliability of internal controls in relation to defined control requirements through examination of evidence and execution of test procedures.
Document audit work performed using TeamMate software to ensure appropriate working papers are maintained and conform to department standards.
2. Problem Identification / Reporting / Communication:
Identify control weaknesses and develop audit findings to determine the root cause and associated impact/risk including developing practical recommendations as to how risks can be mitigated.
Validate the accuracy of the finding with the auditee and present issues to line management.
Write audit findings, reports, and correspondence to management, ensuring writing is clear, concise, and accurate.
Follow-up for corrective action/progress against reported issues on a quarterly basis and escalate when necessary
3. Other - Be an integral part of the GBM team and work closely with other teams in integrated audits. Play an active role in department initiatives. Build and foster on-going relationships with audit clients.
Education/Experience
3 to 5 years’ experience in Capital Markets Audit and Capital Markets 1st & 2nd Line Testing,
Knowledge of Capital Markets Products and processes, and OTC derivative regulations.
Accounting designations / technical / professional qualifications (CPA, CFA, CIA etc.) will be an asset.
University degree in business, finance, economics, accounting or any other relevant area.
Proficient use of Excel to analyze large transaction data for independent testing and validation.
Knowledge of audit processes and methodologies
Ability to write clearly and concisely.
Critical thinker and problem solver
A self-starter who deals well with ambiguity and is detail oriented.
Thrives in a dynamic team-oriented environment.
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. 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.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
The Audit Department is the 3rd Line of Defense and plays a key role in the internal control system of the Bank. Its mandate is to provide independent and objective assurance over the design and effectiveness of internal controls to mitigate risks and to provide advisory services designed to improve the Bank's operations.
The role of this position is to carry out audits to assess the design and the operating effectiveness of internal controls in Global Banking and Markets (GBM)/Capital Markets divisions. Audits may range across Business, Operations, Product Control, Regulatory Compliance and other GBM/Capital Markets support functions in Toronto from time to time on a need basis. The right candidate for this role will also be required to engage in developing and maintaining a data analytics program for GBM/Capital Markets Audit using data analytics tools. Capital Markets business at Scotiabank covers Fixed Income, Equities, FX, Commodities, Prime Services and Loan Ops.
Accountabilities
1. Engagement Planning / Execution
Manage / assist in the planning and execution of audits of lower to higher complexity/risk. Work as part of the team or individually to provide the audit services. Undertake Office-in-Charge responsibilities on audits as assigned.
Develop and maintain a data analytics program for GBM/Capital markets Audit using data analytics tools
Hold walkthrough meetings with audit clients to develop and document a thorough understanding of the key risks and processes for assigned projects.
Design or update audit procedures for assigned audits. The incumbent should apply risk based auditing standards and techniques.
Manage and execute assigned audits in accordance with department standards ensuring the nature and extent of testing are sufficient and appropriate to support the audit opinion. Adopt a continuous dialogue approach with the audit clients during the audit to build rapport and maintain a healthy working relationship with the audit clients.
Ensure completion of audit work withing the time budget.
Assess the effectiveness and reliability of internal controls in relation to defined control requirements through examination of evidence and execution of test procedures.
Document audit work performed using TeamMate software to ensure appropriate working papers are maintained and conform to department standards.
2. Problem Identification / Reporting / Communication:
Identify control weaknesses and develop audit findings to determine the root cause and associated impact/risk including developing practical recommendations as to how risks can be mitigated.
Validate the accuracy of the finding with the auditee and present issues to line management.
Write audit findings, reports, and correspondence to management, ensuring writing is clear, concise, and accurate.
Follow-up for corrective action/progress against reported issues on a quarterly basis and escalate when necessary
3. Other - Be an integral part of the GBM team and work closely with other teams in integrated audits. Play an active role in department initiatives. Build and foster on-going relationships with audit clients.
Education/Experience
3 to 5 years’ experience in Capital Markets Audit and Capital Markets 1st & 2nd Line Testing,
Knowledge of Capital Markets Products and processes, and OTC derivative regulations.
Accounting designations / technical / professional qualifications (CPA, CFA, CIA etc.) will be an asset.
University degree in business, finance, economics, accounting or any other relevant area.
Proficient use of Excel to analyze large transaction data for independent testing and validation.
Knowledge of audit processes and methodologies
Ability to write clearly and concisely.
Critical thinker and problem solver
A self-starter who deals well with ambiguity and is detail oriented.
Thrives in a dynamic team-oriented environment.
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. 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.
