Senior Audit Manager, Model, Data and AI Audit

Scotiabank; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

Scotiabank in Toronto seeks a Senior Audit Manager for the Model, Data and AI Audit team. You will lead audits as Office in Charge, assess risk controls around models, data and AI, and report findings with root cause and impact.

You will guide strategic audit planning, support COE activities, and drive adoption of analytics and AI to enhance continuous monitoring across the bank.

Qualifications

• Five or more years of relevant experience in audit, model, data and AI governance and risk management.
• Experience leading audits, reviews, assessments, or comparable assurance engagements.
• Effective verbal and written communication skills.
• Experience managing multiple priorities in a changing environment.
• Knowledge of model, data, or AI regulatory expectations.
• Bachelor’s or master’s degree in CS/engineering/accounting/math/economics or related field.

Responsibilities

• As OIC/AP, lead planning, execution, and reporting on audit projects with end-to-end understanding of processes.
• Evaluate design and operating effectiveness of controls around model, data and AI risks.
• Communicate audit findings with root cause, impact and recommendations; ensure timely reporting.
• Assist in developing strategic audit plan, risk assessment, and COE activities.
• Support COE activities, training, and adaptation of analytics/AI in audits.
• Build strong relationships with internal/external stakeholders and regulators.
• Balance risk with operational efficiency and align recommendations with Bank goals.
• Lead transformation through data analytics and AI for continuous monitoring.

Skills

Audit leadership

Model/Data/AI governance

Regulatory knowledge

Communication skills

Multitasking / prioritization

Education

Bachelor/Master in CS/Eng/Accounting/Math/Economics

Job description

Requisition ID: 275459

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

Internal Audit is hiring a Senior Audit Manager within Model, Data and AI Audit team. This role will provide an independent and objective assurance over the design and operating effectiveness of the Bank’s Model, Data and AI risk management, governance, and control processes within the first and second line of defense, and their compliance with regulations, internal policies, and procedures.

As a Senior Audit Manager, you will lead and manage audits as Office in Charge (OIC) for audit projects, may act as Audit Principal (AP) for low to medium complexity audits and support audit Centre of Excellence (COE) activities. You will work collaboratively with global audit teams and related internal stakeholders to achieve audit objectives and deliverables, also build and maintain strong partnership.

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

• As OIC/AP, lead planning, execution, and reporting on the assigned audit projects. 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.
• Direct, complete and supervise the audit work to evaluate the design and operating effectiveness of the controls around model, data and AI risks and adherence to internal data risk policies and regulatory requirements and expectations.
• Ensure audit findings and results are gathered and timely communicated to Audit Principal and management with identified root cause, associated impact and audit recommendations. Discuss all audit issues with management for appropriate actions that address the root cause. Ensure audit reports are written to a consistent high standard and are finalized within established department metrics, and corrective action/progress against any reported issues are followed-up in a timely manner with escalation where necessary.
• Assist in the development and execution of a comprehensive and strategic audit plan, including audit universe, risk assessment, and the audit plan.
• Support audit COE activities for models, data and AI, including development of audit strategy, assist in annual planning, prepare standardized detailed audit procedures, and facilitate a robust training program.
• Supports a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Build and maintain strong relationships with internal and external stakeholders and regulators as required.
• Balance risk with operational efficiency when raising audit issues, ensuring that recommendations and management actions are aligned with Bank’s organizational goals and risk tolerance to deliver real value.
• 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.
• Lead and drive strategic transformation of Audit through innovation, adoption of data analytics and AI to enable continuous monitoring / continuous auditing to detect potential issues on an ongoing basis.

Skills

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

• Five or more years of relevant experience in one or more of the following: audit, model, data and AI governance and risk management, or related risk and control functions.
• Experience leading audits, reviews, assessments, or comparable assurance engagements.
• Effective verbal and written communication skills.
• Experience managing multiple priorities and working effectively in an evolving environment.
• Knowledge of model, data, or AI-related regulatory expectations.
• Bachelor’s or master’s degree in, computer science, engineering, accounting, mathematics, statistics, economics, or a related field.

Preferred

• Experience in banking or financial services.
• Experience using analytics, automation, or AI-enabled tools.
• Relevant professional designation, such as CIA, CISA, CRISC, DCAM, or an equivalent credential.

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 our 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.