Scotiabank
Senior Audit Manager, U.S. Loan Review
Scotiabank, New York, New York, us, 10261
Requisition ID:
210150
Salary Range:
117,400.00 - 224,700.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
The Audit Manager/Senior Audit Manager supports/leads and oversees the internal audit and loan review activities in support of the 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.
What You'll Do
Champions/Leads and drives a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.Acts primarily as Team Participant or Officer in Charge (OIC) for assigned projects, processes, and units or participates as a team member under the direction of the OIC. Senior Manager 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.Supports/Conducts ongoing monitoring activities to stay abreast of changes (business/industry/regulatory), emerging risks, and themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan. Develops and analyzes strategies/audit procedures to ensure the organization stays ahead of the curve in response to internal and external changes.Participates in/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.Assists in/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.Supports/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.Participates in/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.Supports/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.Champions/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.What You'll Bring
University/Post secondary degree in Business, Finance, Economics, Accounting, or equivalent. Relevant Audit or business certifications.At least 2+ years (or 5+ years for Senior Audit Manager) of relevant experience in the origination, structuring, adjudication, risk rating or auditing of Non-Investment Grade/Leveraged Finance.Knowledge of Structured Finance (Securitizations, CLOs), Syndications, Counterparty Credit Risk a plus.Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits.Working knowledge of the operations 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
Interested?
If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): United States : New York : New York City
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.
210150
Salary Range:
117,400.00 - 224,700.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
The Audit Manager/Senior Audit Manager supports/leads and oversees the internal audit and loan review activities in support of the 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.
What You'll Do
Champions/Leads and drives a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.Acts primarily as Team Participant or Officer in Charge (OIC) for assigned projects, processes, and units or participates as a team member under the direction of the OIC. Senior Manager 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.Supports/Conducts ongoing monitoring activities to stay abreast of changes (business/industry/regulatory), emerging risks, and themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan. Develops and analyzes strategies/audit procedures to ensure the organization stays ahead of the curve in response to internal and external changes.Participates in/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.Assists in/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.Supports/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.Participates in/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.Supports/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.Champions/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.What You'll Bring
University/Post secondary degree in Business, Finance, Economics, Accounting, or equivalent. Relevant Audit or business certifications.At least 2+ years (or 5+ years for Senior Audit Manager) of relevant experience in the origination, structuring, adjudication, risk rating or auditing of Non-Investment Grade/Leveraged Finance.Knowledge of Structured Finance (Securitizations, CLOs), Syndications, Counterparty Credit Risk a plus.Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits.Working knowledge of the operations 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
Interested?
If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): United States : New York : New York City
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.