Senior Manager, Audit & Regulatory Compliance - Global Audit

 
 
Requisition ID: #
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Leads and oversees Compliance Management Program for the Audit Department ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.  This includes validation of regulatory issues both on the business and on the Audit Department, Regulatory submission management, Compliance Risk and Control Assessment (CRCA) process, compliance with data access policy through enhanced staff monitoring, External Quality Assurance issue management, Code of Ethics compliance and conflict of interest management.
Accountabilities
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-Leads and drives a customer focused culture with his team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
-Coordinates the tracking, testing and closure of Regulatory Compliance Issues by maintaining records of the status of open issues, researches the relevant regulations and standards and assesses management action plans, audit testing of management action and documents the Chief Auditor’s opinion or recommendation. 
-Supports the collation of evidence for reviews of the Audit department by Regulators and External Auditors and supports the development of action plans undertaken by the Audit Department to address Regulatory issues by maintaining a strong understanding of the applicable regulations and applying judgement.
-Communicates changes in professional standards, industry best practices and Regulations to the Department through research and liaison with external partners and professional networks.  Both the knowledge and the understanding of regulatory changes inform recommendations for changes to Audit Methodology.
-Coordinates the tracking and monitoring of the Audit Department’s compliance with the IIA Code of Ethics, including mandatory training, annual attestations, and proper handling of customer data. Ensures that all impairments and breaches of the Code of Ethics are reported to Audit Management and the Board.
-Oversees the Regulatory Compliance Management activities of the Audit department, including the quarterly and annual Compliance Risk and Control Assessment process, regulatory library management and other Compliance initiatives.
-Supports the Audit Department budgeting process and performs the actual and forecast variance analysis and provides effective challenge on the budgets and forecasts submitted by the countries.
-Supports Audit Professional Practice group reporting to management and the Board of Directors by maintaining and sharing awareness of industry/professional standards and regulatory expectation of board reporting.
-Supports the professional standards of the Department through the delivery of effective and relevant Methodology training.
-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 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 implements a people strategy that attracts, retains, develops and motivates his team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
 
Education/Experience
-Professional Accounting Designation
-Prior Audit Experience and highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies
-Spanish language skills an asset
-Strong knowledge of banking and the financial services industry and particularly the regulatory environment
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 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.