Senior Manager, U.S. Finance & Regulatory Reporting - Audit

Scotiabank•New York, NY

1d•Onsite

About The Position

Lead and execute Financial and Regulatory Reporting related audits. Senior Manager leads and oversees audit coverage and initiatives, ensuring all activities conducted follow governing regulations, internal policies, and procedures. The Senior Manager will be responsible for all aspects of the audit, including the planning, execution, and reporting phases. They will also be involved in internal and external issue validation as well as audit continuous monitoring activities.

Requirements

4+ years of banking/broker-dealer experience in audit and/or financial and regulatory reporting
8+ years of relevant experience in auditing financial and reporting controls, specifically, financial close, financial and management reporting, booking model, financial projection & analysis, and product control, control activities (e.g., variance analysis, application of manual adjustments, and management review and approval).
Experience with analytical and problem-solving in the context of a finance department of a banking organization with a product mix of securities, loans, and derivatives.
A thorough understanding of financial/regulatory and compliance policies and procedures
Possess an adequate understanding of internal audit methodology and principles
Effective team member with the ability to contribute to business and strategic planning.
A thorough understanding of regulatory and compliance policies and procedures.
Effective team member with the ability to contribute to business and strategic planning.
Resourceful, self-starter, possessing a high degree of flexibility, creative thinking, and confidence to carry out innovative solutions.
Well-developed judgment, management decision-making, and problem-solving skills to deal effectively with a rapidly changing, complex business environment.
Project/time management skills to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution, and the promotion of ideas.
Excellent written communication skills. In addition, skilled at verbal presentation of a caliber suitable for direct exposure to executive management.
Interpersonal skills and ability to act as a leader in a large team environment in order to oversee various diverse functional areas, delegate responsibilities to the unit head of each area, and effectively implement change.

Nice To Haves

Experience in broader financial services processes (e.g., regulatory reporting, HR, broker-dealer, treasury) is an advantage.
Certification: CPA, CIA, and CFA Preferred
Big 4 experience plus
Regulatory exam dealing plus
Postgraduate and MBA plus

Responsibilities

Develop a strategy for financial and regulatory audits, risk management, and annual planning for banking and broker-dealers, and assist in successfully executing banking and broker-dealer-related audits, regulatory matters, and strategic initiatives.
Lead and assist in design and operating effectiveness testing to verify the adequacy of controls over Finance activities (specifically, banking/broker-dealers), including financial close, financial and management reporting, booking model, financial projection and analysis, regulatory reporting, and product control under GAAP and IFRS.
Act primarily as Officer in Charge (OIC) for assigned projects, processes, and units. May act as Audit Principal in some low to medium-complexity assignments. Manage and supervise the end-to-end process of the execution of the audit and ensure the nature and extent of testing are appropriate to support the objective, scope, and overall opinion.
Define the scope of audits, including alignment with the title, and coverage of in-scope processes sufficient to provide holistic assurance, including integration with global processes as applicable
Deliver well-crafted and impactful audit issues, aligned with the client’s understanding of their environment, identifying clearly the need for meaningful change, with recommendations and expected evidence of remediation that address the established root cause
Deliver considered audit opinions, with a balanced rating demonstrating a clear statement of the assurance provided, supported by measured evaluation of the strengths and weaknesses of the processes reviewed.
Assist in the development and execution of a comprehensive and strategic audit plan. Ensure auditable entities remain within the cycle and conduct ongoing monitoring activities to stay abreast of changes (business/industry/regulatory) / emerging risks/themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan. May also execute assigned audit activities independently as a team member under the direction of the OIC on assignments.
Maintain a thorough understanding of the business, risks, and processes for assigned areas.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Responsible for the development of appropriate audit plans/activities for assigned area
Responsible for reviewing outstanding issues relating to reporting and controls, performing analysis to identify themes, determining the root cause of the weakness, and preparing reports to communicate the test findings
Maintain collaborations with global audit teams such as COEs, Global Wholesale Operations, regional audit teams including Capital Markets, Compliance, Risk Management, Operations, and business functions both regionally and globally to develop a stronger strategy for banking/broker-dealer audit coverage.
Maintain effective relationships with stakeholders and regulators, including appropriate communication, handling of conflicts, and issue resolution.
Maintain a high-performance environment through self-assessment and mentoring.
Implement potential data analytics use cases (e.g., using Alteryx, PowerBI) and develop continuous auditing as required.
Contribute to an inclusive work environment.