Audit Manager, Model, Data and AI Audit

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits

Inclusive culture

Growth and development opportunities

Job summary

Scotiabank is seeking an Audit Manager within the Model, Data and AI Audit Team in Toronto. You will provide independent assurance over the design and operating effectiveness of risk management, governance and controls related to model, data and AI.

The role involves planning, executing, and reporting on audits, and supporting a Centre of Excellence with strategy and training. The ideal candidate has 2+ years of relevant audit experience, familiarity with regulatory expectations, strong

Qualifications

• 2+ years of relevant experience in audit, model, data and AI governance and risk management.
• Working knowledge of model, data, or AI-related regulatory expectations.
• Strong interpersonal and written communication skills to interact with stakeholders at various levels.
• Experience managing multiple priorities in a dynamic environment.
• Self-motivated and able to work and learn independently.
• Bachelor’s or Master’s degree in related field.

Responsibilities

• Support the Officer in Charge (OIC) with execution of assigned audits, including testing and documenting work.
• Plan, execute and report on audits, understanding business units, risks and schedules.
• Draft reports and present audit results to management.
• Support Centre of Excellence activities, audit strategy, planning and training programs.
• Understand and apply the bank’s risk appetite and risk culture in daily activities.
• Ensure compliance with Scotiabank standards and IIA Code of Ethics.
• Monitor emerging risks, regulatory changes and industry trends; communicate findings to senior management.
• Maintain stakeholder relationships to successfully carry out audit activities.
• Contribute to a high-performance and inclusive work environment.

Skills

Audit experience

Model governance

Data governance

AI governance

Regulatory awareness

Interpersonal skills

Multi-priority management

Independent work

Education

Bachelor’s or Master’s degree in CS/Engineering/Accounting/Math/Economics

Job description

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Title: Audit Manager, Model, Data and AI Audit

Requisition ID: 275458
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Internal Audit is hiring an Audit Manager within Model, Data and AI Audit Team. This role will provide an independent and objective assurance over the design and operating effectiveness of the Bank’s Model, Data and AI risk management, governance, and control processes within the first and second line of defense, their compliance with regulations, internal policies, and procedures .

Is this role right for you? In this role you will:

• Support the Officer in Charge (OIC) with the execution of assigned audits. This includes completion of audit testing, discussions with management and effective documentation of work performed. May act as OIC for low to medium complexity audits.
• Plan, execute and report on the assigned audits. Obtains a thorough understanding of the business/unit/ process and associated risks, develops an appropriate risk-based audit approach, and schedules timing and resources.
• Ensure audit results are gathered, determining the root cause of the problem and the associated impact. Drafts reports and issues. Presents audit results and findings for presentation to management.
• Support Model, Data and AI risk audit Centre of Excellence activities, support in preparation of audit strategy, annual planning, standardized detailed audit procedures, and training program.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Ensure Scotiabank standards and the Institute of Internal Auditors Code of Ethics are maintained in completion of all assignments.
• Stay informed on emerging risks, regulatory changes, and industry trends. Conveys risk-related information to Officer-in-Charge or Audit Principal and senior management in a timely manner.
• Maintain stakeholder relationships to successfully carry out audit activities.
• Champions a high-performance environment and contributes to an inclusive work environment.

Do you have the skills that will enable you to succeed? – We would love to work with you if you have:

• Two or more years of relevant experience in in one or more of the following: audit, model, data and AI governance and risk management, or related risk and control functions.
• Working knowledge of model, data, or AI-related regulatory expectations.
• Developed interpersonal and communication skills (verbal and written) to work with the key stakeholders at various levels.
• Experience managing multiple priorities and working effectively in an evolving environment.
• Self-motivated and able to work and learn independently.
• Bachelor’s or Master’s degree in computer science, engineering, accounting, mathematics, statistics, economics, or a related field.

Preferred

• Experience in banking, financial services, or another regulated industry.
• Experience using analytics, automation, or AI-enabled tools.
• Relevant professional designation, such as CIA, CISA, DCAM, CRISC or an equivalent credential.

What's in it for you?

• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

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.