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Form of workRequisition ID: 194253
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Manager is a key member of the Bank's SOX Office, helping ensure that the Bank is in compliance with the requirements of Section 302-404 the Sarbanes-Oxley Act of 2002 with respect to the annual assessment of Internal Control over Financial Reporting (ICOFR) by management. As a member of the SOX Office, the incumbent will be required to assist the Director, SOX Office to coordinate activities between Senior Officers within the Bank's business lines and corporate functions, the Audit Department, and the External Auditor. This will require keeping abreast of SEC & PCAOB rules and guidelines /legislative requirements/changes and assisting in analysis of the requirements and the impact on the Bank.
Is this role right for you? In this role, you will:
- Possess a thorough understanding of Internal Control Over Financial Reporting (ICOFR)
- Perform research on industry best practices relating to SOX control weakness, significant deficiency and material weakness.
- Review the SOX process documentation and Risk and Control Matrices (RCMs) with keen eye to key controls and work with stakeholders to update them;
- Review process documentation and execute testing of SOX Entity Level Controls, as required;
- Assist with risk assessment and annual SOX planning activities;
- Manage the Deficiency Management process relating to control weaknesses identified during the evaluation process to ensure adequate remedial process is put in place by management based on an analysis of root cause and Process Owner's understanding of control weakness and remediation action;
- Assist in the development and delivery of training to stakeholders;
- Assist in the development of quarterly and annual reporting to the SOX Executive Steering Committee;
- Perform quality assurance on SOX evaluation and reporting to ensure compliance with the Bank's SOX methodology and to identify areas for further training or enhancement;
- Liaise with management in business lines and corporate functions to provide assistance and follow up timely development and action on new controls as required;
- Be primary contract for assigned teams;
- Assist in developing or updating a cost-effective strategy to sustain the Bank's SOX efforts, including assisting in converging with other governance functions, where appropriate;
- Leads and drives a customer focused culture throughout their team 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.
- Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
- Builds a high-performance environment and foster an inclusive work environment Responsible for SOX Office activities, coordinating work efforts of relevant support groups, Internal Audit, and control/process owners to ensure that Internal Control Over Financial Reporting are evaluated in accordance with the approach adopted by the Bank.
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:
- University degree
- Professional accounting designation (CPA, CA), or CFA, MBA, CIA
- Audit, SOX, regulatory or other relevant experience, preferably within the financial services industry
- Proficient in risk management and internal control practices, techniques, processes and methodologies
- Ability to exercise independent judgment
- Ability to assess facts with a high level of professional skepticism in order to identify core issues and root cause(s)
- Ability to recognize and solve problems constructively and on a timely basis
- Developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels
- Strong analytical skills and proficiency in the use of data analytics or visualization tools
- Proven ability to work in high levels of ambiguity and in a rapidly changing environment
What's in it for you?
- An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
- We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
- Your career matters! You will have access to career development and progression opportunities.
#scotiafinancejobs
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
