Senior Audit Manager - Retail Credit Risk, Collections and Fraud

Requisition ID: 258963

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

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 find solutions to address control weaknesses.

The Senior Audit Manager assists in leading internal audit activities for Retail Credit Risk, Collections and Fraud in support of the Audit 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 Senior Audit Manager 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:

• Act primarily as Officer in Charge (OIC) as a team member for assigned audits; may act as Audit Principal (AP) for low to medium complexity audits.
• Work with other audit teams as required.
• Carry out specific projects.
• As OIC/AP, oversee the execution, planning, and reporting; obtain a thorough understanding of the end-to-end business/unit/process and associated risks, develop an appropriate risk-based audit approach and schedules timing and resources.
  Ensure audit results are gathered and determine the root cause of the problem; prepare and/or review 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.
• Support a client-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Plan, document, and seek agreement in advance to the project approach and confirm conclusions upon completion in writing.
• Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
• Build and maintain strong relationships with internal and external stakeholders and regulators as required.
• Interact and coordinate with other groups involved; complete timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management.
• Support ongoing 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.
• Support a high-performance environment and implement 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.
• Meet Department training requirements.
• Support the Fraud Community of Practice within Audit.

Do You Have the Skills?

• University/Post secondary degree in Business or equivalent. Relevant Audit or business certifications.
• At least 5+ years of relevant 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 execute and 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.
• Spanish language is an asset.

What’s In It for You?

• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

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.