Audit Manager, Retail Credit Risk Management Audit

Scotiabank; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated Audit Manager to join their high-performing team in Toronto. This role is crucial for ensuring the effectiveness of internal controls and risk management processes. As part of a collaborative environment, you will be responsible for executing audits, fostering relationships across the organization, and utilizing data analytics to enhance audit activities. The ideal candidate will possess a strong background in retail credit risk management and risk-based auditing methodologies. Join a purpose-driven team committed to excellence and inclusivity, where your contributions will make a significant impact.

Qualifications

• 3-5 years in retail credit risk management with knowledge of risk regulation frameworks.
• Experience with data visualization tools and data analytics methodologies.

Responsibilities

• Assist in executing audits, including testing and documentation.
• Collaborate with audit teams and manage resources effectively.
• Support data analytics initiatives and develop dashboards.

Skills

Retail Credit Risk Management

Risk-Based Auditing Methodologies

Data Analytics

Communication Skills

Machine Learning Techniques

Proficiency in Spanish

Education

University or Post-Secondary Education in Quantitative Discipline

Tools

PowerBI

SAS

SQL

R

Python

Alteryx

Job description

Requisition ID: 221440

Join a purpose-driven, high-performing team committed to results within an inclusive culture.

Purpose

As part of the 3rd Line of Defence, Internal Audit provides independent assurance over the Bank’s internal controls, risk management, and governance processes. Our team works with management to address control weaknesses and improve overall effectiveness.

The Audit Manager plays a key role in supporting the Audit Department's global mandate, ensuring the execution of specific goals, plans, and initiatives aligned with the bank’s strategies.

Accountabilities

• Assist the Officer in Charge (OIC) in executing assigned audits, including testing, discussions with management, and documentation.
• Potentially act as OIC for low to medium complexity audits.
• Collaborate with other audit teams as required.
• Plan, execute, and report on audits, understanding business processes and risks, developing risk-based audit approaches, and managing resources.
• Document audit findings, identify root causes, and communicate results to management.
• Foster a client-focused culture, strengthening relationships across the bank.
• Consider the bank’s risk appetite and culture in audit planning and execution.
• Maintain compliance with regulatory standards and the IIA Code of Ethics.
• Stay informed on emerging risks, regulations, and industry trends, communicating relevant information to stakeholders.
• Build and maintain stakeholder relationships for successful audit activities.
• Contribute to a high-performance, inclusive work environment.
• Complete required training and ensure audit testing is appropriate and adds value.
• Support data analytics initiatives, including developing dashboards for continuous monitoring.
• Complete workpapers timely, document control weaknesses, and communicate findings effectively.

Education and Experience

• University or post-secondary education in a quantitative discipline or related experience.
• 3-5 years in retail credit risk management, with knowledge of risk regulation frameworks. Experience with SOX controls (IFRS9) is a plus.
• Understanding of operations and regulatory environments.
• Ability to operate in ambiguous, dynamic settings.
• Proficiency in risk-based auditing methodologies.
• Knowledge of machine learning techniques and advanced statistical analysis is an asset.
• Experience with data visualization tools like PowerBI is preferred.
• Proficiency in data analytics and modeling tools such as SAS, SQL, R, Python, Alteryx.
• Strong communication skills, with experience in presenting data analytics results.
• People management and coaching skills.
• Curiosity and a proactive mindset.
• Spanish language skills are a plus but not required.

Location

Toronto, Ontario, Canada

About Scotiabank

Scotiabank is a leading bank in the Americas, guided by our purpose: "for every future." We support our customers and communities through a wide range of financial services. We value diverse skills and experiences and are committed to an inclusive environment. If you need accommodations during the recruitment process, please contact our Recruitment team. Only online applications will be considered. We appreciate all applicants' interest; only those selected for interviews will be contacted.