Senior Audit Manager, Non Retail Credit Risk

Is this role right for you?

In this role, you will:

• Acts 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
• Leads and drives a client focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Leads and manages end-to-end audits related to the management of credit risk for assigned projects/processes in Global Risk Management, Global Banking & Markets, International Banking and Canadian Commercial Banking, including planning, execution, and reporting
• Develops and maintains a thorough understanding of the credit risk management end-to-end process and regulatory requirements
• Provide strategic insights and recommendations to enhance the effectiveness and efficiency of internal controls related to the management of credit risk
• Assists in the development and execution of a comprehensive and strategic audit plan, ensuring auditable entities remain within cycle; may also execute assigned audit activities independently as a team member under the direction of the OIC on assignment
• As OIC/AP, leads the execution, planning, and reporting on assigned audit projects; obtains a thorough understanding of the business/unit/process and associated risks, develops risk-based audit planning documents/procedures, and schedules timing and resources; prioritizes activities and exercises problem solving skills in audit projects based on risks and tasks assigned in a timely manner
• Manages and supervises the end-to-end process of the execution of the audit and ensures the nature and extent of testing is appropriate to support the objective, scope, and overall opinion; completes timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management
• Ensures audit reports are written to a consistent high standard and are finalized within established department metrics
• Proactively anticipates client pain points to drive innovative recommendations and ensure organizational agility
• Works with other audit teams as required
• Carries out specific projects or investigations of a moderate or high complexity and/or confidential nature; plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing
• Ensures audit results are gathered and determines the root cause of the problem; prepares and/or reviews audit results and findings for presentation to management; follows-up for corrective action/progress against any reported issues; ensures relevant information that impacts other audit function areas is shared
• Supports a client focused culture throughout their team 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
• 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
• Completes timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management
• Supports 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
• Supports 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
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Serve as a strategic advisor to senior leaders, guiding and enabling critical discussions to align stakeholders and advance shared priorities.
• Support the delivery of transformation initiatives within Internal Audit, with a focus on improving consistency, efficiency, and effectiveness across recurring COE activities.
• Develop and sustain data analytics capabilities to support Non-Retail Credit Risk objectives, broaden assurance coverage, enhance operational efficiency, and generate deeper risk insights.
• Meets Department training requirements
• Please Note - this role can have non-standard business hours and overtime is possible at peak times. Periodic travel may be required as well.

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/Post secondary degree in Business or equivalent. Relevant professional certifications, accounting designations (CPA, CIA, CFA, MBA and/or CIA) preferred.
• Over 8 years of relevant experience, either in a credit/lending environment or auditing within this space.
• Working knowledge of credit risk processes and risk management practices, and regulatory environments for each unit as applicable
• Proven ability to work in high levels of ambiguity and in a rapidly changing environment with minimal supervision at times;
• Experience with continuous auditing, continuous monitoring, agile approach, data analytics and other audit techniques is an asset
• Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits
• Strong analytical skills in the use of data analytics or visualization tools to obtain the right data, organize it, and analyze for patterns to provide risk insights and enhanced assurance
• Adopts a risk-based approach to planning and execution, leveraging data analytics, technology, and innovation
• Ability to execute and supervise multiple projects at any given time
• Highly developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels and communicates confidently
• Strong people management and coaching/development skills
• Curiosity mindset that includes asking questions, challenging the status quo, and engaging with diverse points of view
• Excellent knowledge of Non-Retail Credit Risk Management: risk management processes i.e. governance, risk assessment, non-retail risk management life cycle, credit portfolio management, IFRS9 provisioning.
• Strong project and/or audit engagement management capabilities.
• Demonstrates high engagement in both independent work and collaborative contributions to the team.
• MS Office skills essential such as pivot tables and applying data analytics; Power BI and Alteryx skills are also 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