Senior Audit Manager, AML

Scotiabank; Toronto; On-site; CAD 120,000 - 150,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits plan

Job summary

Scotiabank in Toronto is seeking a Senior Audit Manager, AML to lead internal audit activities focused on Financial Crimes. You will oversee risk-based audits, apply bank standards and IIA ethics, and collaborate with AML/ATF & Sanctions teams to assess controls and drive corrective actions.

This role requires 7+ years' experience, AML regulatory knowledge, strong analytics, and people leadership. You will mentor staff, coordinate across functions, and communicate findings to management and

Qualifications

• University/Post secondary degree in Business or equivalent. Relevant Audit or business certifications.
• At least 7+ years of relevant experience.
• Demonstrates expertise in BSA/AML laws and regulations, as well as OSFI and FINTRAC requirements.
• Lead testing against AML laws and regulations, assess risks related to model design, data, output, and governance.
• Leads validation of AML issues identified during audits and follow-up testing.
• Engages in continuous learning and professional development to stay current with industry trends.
• Proven ability to work in high levels of ambiguity and in a rapidly changing environment.
• Proficient at applying Scotiabank methodology and risk-based auditing standards.
• Strong analytical skills in data analytics or visualization tools.
• Ability to execute and supervise multiple projects.
• Strong people management and coaching/development skills.
• Curiosity mindset.
• CAMS, CPA, CFA, CISA beneficial.

Responsibilities

• Act primarily as Officer in Charge (OIC) for assigned audits.
• Support the AML Audit Program including test scripts, planning, annual planning, quarterly reporting, and annual report to Board of Directors.
• Oversee execution, planning, and reporting; develop a risk-based audit approach and schedule resources.
• Ensure audit results are documented, determine root causes, and follow up on corrective actions.
• Collaborate with other audit teams and regulators as required.
• Maintain client-focused culture and strengthen relationships across bank functions.
• Adhere to Scotiabank standards and IIA Code of Ethics.
• Communicate conclusions in writing and share information that impacts other audit areas.

Skills

Data analytics

Communication

People management

Audit testing

Regulatory knowledge

Risk-based auditing

Project management

Certifications helpful

Education

University degree (Business or equivalent)

Audit certifications helpful

Job description

Please be advised that our Careers site will be unavailable from November 28 at 12am ET to November 29 12am ET for scheduled system maintenance.

Title: Senior Audit Manager, AML

Requisition ID: 269454
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

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 Senior Audit Manager assists in leading internal audit activities related to Financial Crimes and AML in support of the Audit Department in executing on 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 Senior Audit Manager 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 Officer in Charge (OIC) as a team member for assigned audits. May act as Audit Principal (AP) for low to medium complexity audits.
• Provide support to the VP, AML/ATF & Sanctions and the Director (s), AML/ATF & Sanctions Audit with the management of the AML Audit Program which includes test scripts, training, annual planning, quarterly reporting, annual report to Board of Directors, Continuous Monitoring Activities, initiatives, projects (e.g regulatory remediation) and day to day operations of the AML Centre of Excellence. This includes supporting the Director, AML/ATF & Sanctions Audit in continuous monitoring to assess Financial Crime related controls in Transaction Monitoring, Sanctions and KYC areas.
• As 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 results and findings for presentation to management. Follows up for corrective action/progress against any reported issues. Ensures relevant information that impacts other audit function areas is shared.
• Works with other audit teams as required and carries out specific projects.
• Supports a client-focused culture throughout their team 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-today activities and decisions.
• Plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing.
• 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.
• Supports ongoing monitoring activities to stay abreast of changes (business/industry/regulatory), emerging risks, and themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan.
• Supports 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 behaviors; communicating vision/values/business strategy; and managing succession and development planning for the team.
• Meets Department training requirements.

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 7+ years of relevant experience.
• Demonstrates expertise in BSA/AML laws and regulations, as well as having experience with OSFI and FINTRAC requirements. Additionally, possesses an understanding of how to apply these requirements in a financial service environment.
• Work individually or as part of a team to execute testing against AML laws and regulations, including assessing risks related to model design, data, output, and governance.
• Leads the validation of AML issues identified during audits, ensuring that corrective actions are effectively implemented and sustainable. This includes reviewing management's action plans, conducting follow-up testing, and confirming that issues have been resolved in accordance with regulatory expectations and internal policies.
• Engages in continuous learning and professional development to stay current with industry trends, regulatory changes, and best practices in AML and audit methodologies.
• 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 execute and 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.
• Relevant professional qualifications/certifications such as CAMS, CPA, CFA, CISA will be beneficial.

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. 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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