Senior Audit Manager, Retail Credit Risk Management Audit

Scotiabank; Canada; On-site; CAD 90,000 - 130,000; Full time

Job summary

A leading bank in the Americas seeks a Senior Manager of Credit Risk Audit in Toronto, Ontario. This role involves overseeing audits, ensuring compliance, and making data-driven recommendations to enhance risk management. Candidates should have a strong background in retail credit risk and proficiency in data analytics tools.

Qualifications

• 3-5 years of experience in retail credit risk management or audit.
• Proficiency in data analytics tools like SAS, SQL, and Python.
• Experience in presenting data analytics results.

Responsibilities

• Oversees execution and reporting of audits.
• Leads data analyses for compliance and risk management.
• Develops reports summarizing audit findings and recommendations.

Skills

Data analytics

Communication

Organizational skills

Attention to detail

Education

Degree in economics

Degree in finance

Degree in mathematics

Degree in computer science

Tools

SAS

SQL

Python

R

Alteryx

Job description

Requisition ID: #

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

Purpose of Job

The Senior Manager of Credit Risk Audit contributes to the Bank’s profitability by conducting data analyses to assess credit lifecycle strategies, ensuring adherence to internal Bank policies and regulatory obligations. The role involves making recommendations to management to strengthen controls and mitigate risk.

Key Accountabilities

1. Oversees the execution, planning, and reporting of assigned audits.
2. Prepares and reviews audit findings for presentation to management, and follows up on corrective actions.
3. Leads data analyses and reviews policies and procedures to ensure compliance with internal policies, regulatory expectations, and risk management frameworks. Generates recommendations to remediate gaps and strengthen controls.
4. Utilizes data management tools such as SAS, Python, and SQL to analyze retail portfolios, ensuring accounts conform to risk appetite and policies.
5. Reviews credit risk origination, account management, and collection strategies, policies, and processes to ensure compliance with Bank and regulatory policies.
6. Uses data analytics to enhance audit testing, identify emerging risks, and provide insights into credit risk trends and control effectiveness.
7. Summarizes findings and presents recommendations to Audit executives.
8. Develops and delivers clear, concise reports to senior management and stakeholders, summarizing audit findings, issue status, and risk themes.
9. Validates audit issue closure materials and reviews remediation efforts to confirm effective resolution.
10. Collaborates with Compliance, Risk, and Business Lines to stay informed on regulatory changes and their impact.

Required Experience & Education

1. 3-5 years of experience in retail credit risk management, developing lifecycle strategies & policies, or equivalent experience in audit.
2. Proficiency in data analytics and tools such as SAS, SQL, Python, R, Alteryx.
3. Strong communication skills, with experience in presenting data analytics and MIS results.
4. Excellent organizational skills to manage multiple initiatives.
5. Results-oriented with curiosity and attention to detail.
6. Experience with provisioning or SOX controls (IFRS9) is a plus.
7. Degree in economics, finance, mathematics, or computer science.

Location

Canada: Ontario: Toronto

Scotiabank is a leading bank in the Americas, guided by the purpose: "for every future". We help our customers and communities succeed through a broad range of financial services.

We value diverse skills and experiences and are committed to an inclusive environment. If accommodations are needed during recruitment, please inform our Recruitment team. Only candidates selected for an interview will be contacted.