AML Audit Manager

Scotiabank•Dallas, TX

1d•Onsite

About The Position

The Audit Manager contributes to the overall success of the Audit Function in support of the Audit Department executing its global mandate, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The successful candidate will have a thorough understanding of the AML and BSA requirements, including but not limited to the Bank Secrecy Act and OFAC regulations, guidance, and regulatory expectations. The candidate will perform AML audits to assess the design and operating effectiveness of internal controls relating to risk monitoring, challenge, and reporting activities within the U.S and are in compliance with governing regulations, internal policies, and procedures. The incumbent will be required to work as part of the team and assist the Director, U.S. AML Audit to provide audit services over the U.S. AML program. The incumbent should be able to apply risk-based auditing standards, frameworks, practices, techniques, processes and methodologies, and regulatory guidelines to the performance and review of audits, including providing high quality, value-added advisory services to Management as part of audits or special projects/assignments, while ensuring that audit methodology standards are met.

Requirements

Technical/Professional qualifications such as MBA, CFA, ACAMS / CAMS and/or CIA.
4-6 years of progressive experience in capital markets AML control environment.
Strong knowledge of AML and risk management functions, and audit functions. Prior auditing experience in these areas. Exposure in working with AML management personnel would be an asset.
Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies.
Ability to quickly understand the risks associated with new products, processes, routines and formulate audit procedures to ensure that the controls are adequate.
The incumbent must possess expert time management skills in order to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas.
Excellent written communication skills are essential, with superior issue and audit report writing skills. In addition, the incumbent should be skilled at verbal engagement and presentation, of a caliber suitable for direct exposure to executive management.

Nice To Haves

Exposure in working with AML management personnel would be an asset.

Responsibilities

Supports the Officer in Charge (OIC) with the execution for assigned audits. This includes completion of audit testing, discussions with management and documentation of work performed.
May act as Officer-In-Charge (OIC) of low to medium complexity for assigned audits.
Works with other audit teams as required.
Executes, plans and reports on the assigned audits. Obtains a thorough understanding of the business/unit/ process and associated risks, develops an appropriate risk-based audit approach, and schedules timing and resources.
Deliver end-to-end process of the execution of the audit and ensure nature and extent of testing is appropriate to support the objective, scope, and overall opinion. Completes timely review of workpapers, ensures internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management. Drafts reports and issues. Presents audit results and findings for presentation to management.
Champions a client focused culture 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.
Stays informed on emerging risks, regulatory changes, and industry trends. Conveys risk-related information to Officer-in-Charge or Audit Principal and senior management.
Maintains stakeholder relationships to successfully carry out audit activities.
Champions a high-performance environment and contributes to an inclusive work environment.
Meets Department training requirements.
Manage self-development by confirming/communicating job expectations, identifying mentors/coaches and enquiring about training needs, ensuring timely completion of performance appraisals and manages assigned staff.