Director, Canadian Banking Audit (Regulatory Programs)

Scotiabank; Toronto; On-site; CAD 100,000 - 150,000; Full time

Job summary

A leading bank in the Americas is seeking a Director for Canadian Banking Audit. The role involves overseeing internal audit activities, ensuring compliance with regulations, and providing insights to enhance operations. Candidates should have over 10 years of experience, a strong understanding of Canadian Banking regulations, and exemplary people management skills. This position is based in Toronto, Ontario.

Qualifications

• 10+ years of relevant experience required.
• Proven ability to work in high levels of ambiguity.
• Strong knowledge of Canadian Banking regulations.

Responsibilities

• Lead internal audit activities for Canadian Banking.
• Develop audit approaches and schedules.
• Build relationships with stakeholders and regulators.

Skills

Strong analytical skills

People management

Risk-based auditing

Interpersonal communication

Data analytics proficiency

Education

University/Post secondary degree in Business

CPA, CFA, CIA or similar designation

Job description

Title: Director, Canadian Banking Audit (Regulatory Programs)

Requisition ID: 241964

Join a purpose driven winning team, committed to results, in an inclusive and high‑performing culture.

Purpose

As the 3rd Line of Defense, Internal Audit provides enterprise‑wide, independent, and objective assurance over the design and operations of the Bank’s internal controls, risk management and governance processes. We are professionals who thrive in a challenging environment and work with management to find solutions to address control weaknesses.

The Director leads and oversees the internal audit activities for Canadian Banking in support of the Audit Department in executing 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. This role will be accountable for driving the audit coverage of regulatory compliance and non‑financial risks in Canadian Banking.

The Director is a dynamic, innovative, and trusted advisor who uses data to deliver industry leading assurance and insights to keep the Bank and our customers safe.

Accountabilities

• Acts primarily as Audit Principal (AP) or Officer in Charge (OIC) for assigned audits. May also be a participant on audits.
• Works with other audit teams as required.
• Carries out specific projects or investigations of a complex and/or confidential nature.
• As an OIC/AP, oversees the execution, planning, and reporting. Obtains a thorough understanding of the end‑to‑end business/unit/process and associated risks, develops an appropriate risk‑based audit approach and schedules timing and resources.
• Ensures audit results are gathered and determines the root cause of the problem. Prepares and/or reviews audit review findings for presentation to management. Monitors and follows‑up for corrective action/progress against any reported issues. Ensures relevant information that impacts other audit function areas is shared.
• Leads and drives a client focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understands how the Bank’s risk appetite and risk culture should be considered in day‑to‑day activities and decisions.
• Plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing. Assists in the due diligence of potential acquisitions.
• Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
• Builds and maintains strong relationships with internal and external stakeholders and regulators as required.
• Interacts and coordinates with other groups involved. Completes timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management.
• Conducts ongoing monitoring activities to stay abreast of changes (business/industry/regulatory) / emerging risks / themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan.
• 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 vision/values/business strategy; and managing succession and development planning for the team.
• Meets Department training requirements.

Education/Experience

• University/Post secondary degree in Business or equivalent. CPA, CFA, CIA or similar designation preferred.
• At least 10+ years of relevant experience.
• Strong knowledge of the regulations and regulatory environment impacting Canadian Banking including OSFI, FCAC, FINTRAC, and provincial regulator bodies.
• A strong knowledge of Canadian Banking products and services.
• Proven ability to work in high levels of ambiguity and in a rapidly changing environment.
• Highly proficient at applying risk‑based auditing standards and practices.
• Strong analytical skills in the use of data analytics or visualization tools.
• Ability to supervise multiple projects at any given time.
• Highly developed interpersonal and communication skills (verbal and written).
• Strong people management and coaching/development skills.

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 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.