Senior Manager, Compliance (non AML), Audit USA

Scotiabank

Job Description

Senior Manager, Compliance (non AML), Audit USA

Requisition ID: 87742

Join the Global Community of Scotiabankers to help customers become better off.

Title: Senior Manager, Compliance (non AML), Audit USA – New York, NY

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.

The incumbent will be working directly as part of the Compliance Audit Team and be responsible for staffing, and in some cases leading (Officer-in-charge) Compliance audits. The incumbent will assist in managing the planning, execution, and reporting of assigned audits in accordance with department standards. In addition, the Senior Manager will support the Director in determining the overall audit plan and strategy over the Compliance function in the U.S.

The successful candidate will be required to have knowledge of the design and operation of internal controls related to the Compliance controls, advisory, and testing for US-based banking and broker dealer institutions. Knowledge of capital markets products and associated risks related to Broker Dealer activities, swap dealer coverage, Bank Operations, and/or market abuse/market manipulation will be an asset.

The Senior Manager will work with Director and senior team members to lead compliance audits to assess the design and operational effectiveness of internal controls, adherence to regulatory requirements and Bank policies, and the efficiency and effectiveness of operations of the US Compliance Function.

Is this role right for you? In this role you’ll be responsible for:

  • 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.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if:

  • You’ll have 7-10 years in Compliance, Compliance Audit, Regulatory body or related experience

  • You’ll have expert knowledge of the Bank's Compliance framework, structure, programs, key regulations/regulators, and systems

  • You’ll have knowledge of auditing techniques, tools, and software

  • Strong written and verbal communication skills, including ability to present and negotiate audit findings to management, are essential.

  • And finally, you’ll be a self-starter / takes initiative, deals well with ambiguity, and detail oriented

Location(s): United States : New York : New York City

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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 at https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html . 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.

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