Director, Compliance Audit

Scotiabank; Toronto; On-site; CAD 150,000 - 210,000; Full time

Job summary

Scotiabank in Toronto, Canada seeks a Director, Compliance Audit to lead internal audit activities for Global Compliance. You will oversee end-to-end audits, apply risk-based approaches, and coordinate with multiple teams and regulators to strengthen controls and assurance across the bank.

The role requires deep regulatory knowledge, strong analytics, and effective leadership to drive improvements and maintain a high-performance, inclusive culture.

Qualifications

• University or post-secondary degree in Business or equivalent.
• At least 5+ years of Compliance, Compliance Audit, or regulatory experience.
• Knowledge of operations and regulatory environments for relevant units.
• Proven ability to work in ambiguity and dynamic environments.
• Strong analytical skills with data analytics or visualization tools.
• Experience supervising multiple projects concurrently.
• Strong people management and coaching skills.
• Curiosity mindset.

Responsibilities

• Acts as Audit Principal or Officer in Charge for assigned audits.
• Works with other audit teams as required.
• Oversees execution, planning, and reporting with risk-based approach.
• Ensures audit results include root cause analysis and remediation.
• Leads a client-focused culture and strengthens relationships.
• Communicates regulatory changes and trends to stakeholders.
• Builds relationships with regulators and internal teams.
• Performs ongoing monitoring of changes and emerging risks.
• Implements a people strategy and succession planning.
• Meets department training requirements.

Skills

Audit

Data analytics

Regulatory knowledge

People management

Communication skills

Problem solving

Education

University degree in Business or equivalent

Audit certifications

Tools

Data visualization tools

Job description

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Title: Director, Compliance Audit

Requisition ID: 259635

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

As the 3rd Line of Defence, 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 Global Compliance 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.

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.

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

• 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 vison/values/business strategy; and managing succession and development planning for the team.
• Meets Department training requirements.
• Accountable for audits of 2nd line Compliance and its programs and leads/directs audits of the key regulations of the Compliance Program including integrated audits with other audit departments.
• Acts as the Compliance Centre of Excellence
• Act as a Subject Matter Expert on Regulatory Compliance Programs and its related regulations, oversee identification, prioritization and coverage of key rules working with the business line auditors and develop standards audit program to drive consistency.
• Liaises with Country/Business Audit teams to ensure consistency in audit coverage and execution.
• Communicates key regulatory compliance changes and trends/themes.

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

• University/Post secondary degree in Business or equivalent. Relevant Audit or business certifications.
• At least 5+ years of Compliance, Compliance Audit, Regulatory body or related consulting experience or relevant experience.
• Working knowledge of the operations and regulatory environments for each unit as applicable.
• Proven ability to work in high levels of ambiguity and in a rapidly changing environment.
• Highly proficient at applying Scotiabank methodology and using 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.
• Curiosity mindset.

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. 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.

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