Manager, U.S. Compliance Audit

Scotiabank•Dallas, TX

About The Position

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! The purpose of this role is to contribute to the overall success of the Compliance Corporate Audit function in the U.S. to ensure specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. 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. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Requirements

At least 5 years’ experience in Compliance, Audit, consulting, or Regulatory body
Excellent knowledge of Compliance (non-AML) laws, regulations, guidance, and regulatory expectations
Knowledge of auditing concepts and techniques
Well-developed judgment, management, decision-making and problem-solving skills
Strong written and verbal communication skills
Expert time management skills with the ability to take on multiple projects at one time
Excellent work paper documentation skills (i.e., thorough/detail-oriented)
The ability to work independently and within a team environment
Highly proficient use of Word, Excel, and PowerPoint

Responsibilities

Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
Identify systemic and emerging issues and strategic changes planned/undertaken by the auditees that will impact the audit plan, including review of business/strategic plans, review and update the Risk Assessment database for entities assigned, attend periodic meetings with key management officers to understand changes and new business initiatives, and review key performance indicators
Maintain a thorough understanding of the business, risks, and processes for assigned areas and provide effective guidance to the audit teams
Manage appropriately the prioritization of testing activities using a risk-based approach to ensure scope and extent of work is in accordance with the approved plan, timing, and budget are reasonable, appropriate resources are assigned, risks are understood, and the nature and extend of testing is adequate to support the audit findings and conclusions
Ensure internal control weaknesses are identified, errors are quantified as applicable, associated impact is defined, documented and reported, the identified issues are clearly understood and the appropriate actions are taken by management
Ensure audit reports are written to a consistent high standard of quality and are finalized/released within established metrics
Ensure audit findings are adequately documented in the Audit Issues Tracking Database
Ensure Teammate working paper files are reviewed timely and the audit work is documented according to the established standards
Maintain effective communication with stakeholders including appropriate handling of conflicts and issue resolution