Director, Non-Retail Credit Risk Audit

Scotiabank; Toronto; On-site; CAD 140,000 - 190,000; Full time

Benefits offered by this job

Performance bonus

Employee Share Ownership Program

Health benefits from day one

Job summary

Scotiabank is seeking a Director, Non-Retail Credit Risk Audit in Toronto to lead complex audits in the 3rd Line of Defense. You will oversee audit planning, execution, and reporting as AP/OIC, ensuring risk-based approaches and high-quality evidence.

You will build strong relationships with management, regulators, and stakeholders, coach teams, and apply IIA ethics while advancing the bank's risk governance and control framework across corporate and wholesale units.

Qualifications

• University degree in business, finance, economics, accountancy or related field.
• Accounting designation or other professional designation (e.g. CPA/CFA) is an asset.
• Minimum of 8 years of Corporate/Commercial/Wholesale Banking and/or Non‑Retail Credit Risk Management experience.
• Working knowledge of 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 concurrently.
• Strong people management and coaching/development skills.
• Experience in data governance practices.
• Fully bilingual (Spanish/English) is an asset.

Responsibilities

• Acts as Audit Principal (AP) or Officer in Charge (OIC) for assigned audits.
• Oversees execution, planning, and reporting; develops risk-based audit approaches.
• Ensures audit results are gathered and root causes identified.
• Builds strong relationships with management, regulators, and stakeholders.
• Leads client-focused culture and deepens bank relationships.

Skills

Data analytics

Interpersonal communication

People management

Coaching & development

Curiosity mindset

Education

University degree in business/finance

CPA/CFA designation (asset)

Job description

Director, Non-Retail Credit Risk Audit

Location: Canada – Ontario – Toronto

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.

Responsibilities

• 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.
• Identifies systemic/emerging issues and/or strategic changes planned/undertaken by the auditee that will impact the audit plan including review of business/strategic plans, review and update the Risk Assessment Database for entities assigned, attend periodic meetings with key management officers to understand changes and new business initiatives and review Key Performance Indicators.
• Reviews plans against market conditions and re‑assesses and provides new ideas on an ongoing basis with respect to processes / controls to be audited.
• 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.
• Evaluates the adequacy of system design and internal control framework in meeting business, operational and control objectives.
• Assists in the preparation of the Quarterly Audit Report to the Audit Committee, ensuring key risks observed during the quarter are identified and summarized for management.
• Oversees and prepares Continuous Monitoring Reports on a quarterly basis through ongoing monitoring and discussions with management, to stay abreast of new or emerging risks and the effective execution of the Audit Plan.
• Keeps abreast of changes in laws, regulations, professional standards, and changes in the Bank that could affect the business risk profile.
• Assists with work performed on behalf of the external auditors as assigned.
• Provides advice and counsel and other advisory services directed at risk management and new initiatives.
• Provides advice and counsel on internal control design issues/changes with participation on stakeholder working groups as assigned.
• Makes presentations to other staff to share information for areas of specialization or information obtained in training programs and external courses.
• Assists with Quality Assurance program as required including review of documentation and reports of assigned audit project and reporting of findings to Professional Practice Group.

Qualifications

• University degree (graduate level) in business, finance, economics, accountancy or other relevant area.
• Accounting designation or other technical/professional designation (e.g. CPA/CFA) as asset.
• Minimum of 8 years of Corporate/Commercial/Wholesale Banking and/or Non‑Retail Credit Risk Management 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.
• Excellent verbal and written skills with the ability to effectively communicate with business partners at all levels of the Bank.
• Fully bilingual (Spanish/English) is an asset.
• Experience in data governance practices.

Benefits

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success.
• Competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one.
• Career development and progression opportunities.

EEO and Accommodation

Scotiabank values diversity and is committed to an inclusive environment. If you require accommodation during the recruitment and selection process, please let our Recruitment team know.