Manager, Risk Management Audit

Scotiabank•Dallas, TX

3d•Onsite

About The Position

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 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. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.

Requirements

Technical/Professional qualifications such as MBA, CPA, CFA and/or CIA.
4–6 years of progressive experience in audit or capital markets risk management environment.
Strong knowledge of risk management functions, specifically financial risk (e.g., liquidity/treasury, market, counterparty credit risk) and related non-financial risk (e.g., model, operational) and audit functions. Prior auditing experience in these areas. Exposure in working with risk management personnel would be an asset.
Strong ability to assess design, assumptions, data integrity, and governance of complex quantitative processes in line with internal and regulatory standards.
Ability to quickly understand the risks associated with new products, processes, routines and formulate audit procedures to ensure that the controls are adequate.
Working knowledge of the operations and regulatory environments for each unit as applicable.
Proficient at applying Scotiabank methodology and using risk-based auditing standards and practices.
Ability to apply sound audit judgment in evaluating control design and effectiveness, including challenging management and driving meaningful issue identification, escalation, and closure.
Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies.
Good analytical skills and proficiency in the use of data analytic or visualization tools.
Ability to execute multiple projects at any given time.
Ability to work in high levels of ambiguity and in a rapidly changing environment.
Developed interpersonal and communication skills (verbal and written).
Good people management and coaching/development skills.
Curiosity mindset.

Nice To Haves

Exposure in working with risk 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.
Ensures audit results are gathered, determining the root cause of the problem and the associated impact. 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.
Assesses the design effectiveness of risk management functions, including interaction with the first line and stakeholder and regulatory reporting.
Reviews the effectiveness of risk management controls and measurement techniques, KRI/limit design and monitoring, and risk reporting based on a detailed understanding of underlying trading strategies, products and processes.