Senior Audit Manager, Global Transaction Banking Audit

Scotiabank•Dallas, TX

13d

About The Position

The Senior Audit Manager leads and oversees the internal audit activities in support of the Global Transaction Banking (GTB) 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.

Requirements

University/Post secondary degree in Business, Finance, Economics, Accounting, or equivalent. Relevant Audit or business certifications.
At least 5+ years of relevant experience.
Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits.
Working knowledge of GTB and regulatory environments of each of the audit units globally, as required for specific areas of assigned responsibility.
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.
Adopts a risk-based approach to planning and execution, leveraging data analytics, technology, and innovation.
Strong people management and coaching/development skills.
Strong analytical skills and proficiency in the use of data analytic or visualization tools to obtain the right data, organize it, and analyze for patterns to provide risk insights and enhanced assurance.
Curiosity mindset that includes asking questions, challenging the status quo, and engaging with diverse points of view.
Proven ability to work in high levels of ambiguity and in a rapidly changing environment.

Responsibilities

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 for GTB business, including planning, execution, and reporting.
Develops and maintains a thorough understanding of GTB products, services and regulatory requirements.
Provide strategic insights and recommendations to enhance the effectiveness and efficiency of GTB processes.
Acts primarily as Officer in Charge (OIC) for assigned projects, processes, and units or participates as a team member under the direction of the OIC. May act as Audit Principal in some low to medium complexity assignments.
Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
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.
Conducts ongoing monitoring activities to stay abreast of changes (best practices/business/industry trends/regulatory), emerging risks, and themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan.
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 results are gathered, determines the root cause of the problem and the associated impact and reports accordingly. Confirms the audit results with the auditee. Presents an overview of the audit results and findings to line management. Follows-up for corrective action/progress against any reported issues, escalating where necessary.
Ensures audit reports are written to a consistent high standard and are finalized within established department metrics.
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.
Proactively anticipates client pain points to drive innovative recommendations and ensure organizational agility.
Leads collaborative efforts across teams, ensuring alignment toward shared objectives and driving collective success.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
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.
Builds 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.
Meets department training requirements.
Accountable for specific audit work with a focus on GTB or related areas.
Supports continuous monitoring and identifying emerging risks/themes within the audit universe and assessing impact on the audit plan.
Experience with continuous auditing techniques (Co-pilot, Alteryx) and data analytics to drive informed decision-making.
Demonstrates exceptional analytical abilities to assess complex situations and identify key issues.
Utilizes strong problem-solving skills to develop effective solutions and strategies.
Audit projects may involve other countries / regions.
Audit projects vary in complexity and number.
Presents information for areas of specialization or information obtained in training programs and external courses to other team members.
Provides trusted advice, insight, and counsel to business lines/product groups/risk management functions to support the Bank’s strategic initiatives and the design of internal controls.