Senior Manager, Regulatory Risk Governance, Global Finance - Testing And Monitoring

Scotiabank; Canada; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading financial institution in Canada is seeking a Senior Manager to oversee internal control testing within Global Finance. This role requires at least 8 years of relevant experience and a professional accounting designation (CPA/CA). The ideal candidate will lead a team, manage risk assessments, and ensure compliance with financial regulations. Benefits include performance bonuses and career development opportunities in a collaborative environment.

Benefits

Performance bonus

Employee Share Ownership

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• 8+ years of experience in audit, testing, internal controls, or financial reporting.
• Strong expertise in regulatory compliance including IFRS.
• Exceptional ability to manage multiple projects in a high-performing environment.

Responsibilities

• Lead a customer-focused culture to strengthen client relationships.
• Plan and execute testing of internal controls in Global Finance.
• Develop and refine testing procedures for effective control evaluation.
• Maintain relationships with Business Line management regarding compliance risks.

Skills

Internal controls auditing

Regulatory compliance

Analytical skills

Leadership

Communication

Project management

Education

University degree in finance, accounting or related discipline

Professional accounting designation (CPA/CA)

Job description

Requisition ID: #

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

The Senior Manager, working with the Director, leads and oversees Global Finance - Internal Control Testing, monitoring, and quality control in Canada and across all of Finance. This role ensures that business strategies, plans, and initiatives are executed and delivered in compliance with governing regulations, internal policies, and procedures.

Key Responsibilities:

1. Lead and drive a customer-focused culture within the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
2. Plan and execute testing of internal controls and monitor risk indicators in Global Finance for the GF Risk Universe, aligning with the 1-B mandate and developing/refining test plans based on emerging risks and controls.
3. Participate in developing the annual testing plan in coordination with other functions and teams, tracking and reporting testing completion results.
4. Stay updated on changes to Global Finance processes, regulatory risks, and issues impacting control testing priorities, maintaining knowledge of regulatory and operational requirements.
5. Develop testing procedures to evaluate the design and operational effectiveness of controls, review documentation, and present issues and control weaknesses to management.
6. Maintain relationships with Business Line management to understand compliance risks and adjust testing approaches accordingly.
7. Build a risk-effective and cost-efficient testing program, incorporating feedback on methodology enhancements and automation opportunities using data analytics tools.
8. Conduct thematic analysis and root cause problem solving on issues, linking them with overall risks and prioritizing control effectiveness.
9. Consider the Bank’s risk appetite and culture in daily activities and decisions.
10. Create an environment of effective and efficient operations aligned with the Bank's values, ensuring controls meet operational, compliance, AML/ATF/sanctions, and conduct risk obligations.
11. Build a high-performance team environment, attracting, developing, and motivating team members through an inclusive work environment and coaching, with succession and development planning.

Candidate Skills and Qualifications:

1. University degree or higher in finance, accounting, or related discipline.
2. Professional accounting designation (CPA/CA) with strong expertise in internal controls auditing or similar experience.
3. Minimum 8 years of relevant experience in audit, testing, internal controls, or financial reporting.
4. Advanced knowledge of accounting, regulatory compliance (including IFRS), and financial laws impacting banks.
5. Strong understanding of risk and controls affecting finance and regulatory matters, including testing methodologies and tools.
6. Excellent analytical, communication, and leadership skills.
7. Highly organized, adaptable, and capable of managing multiple projects in a high-performing environment.

Benefits:

1. Inclusive, collaborative environment that encourages creativity and celebrates success.
2. Competitive rewards: Performance bonus, Employee Share Ownership, Pension Plan Matching, Health Benefits from day one.
3. Career development and progression opportunities.

Location:

Canada, Ontario, Toronto

Scotiabank is committed to diversity and inclusion. If accommodations are needed during the recruitment process, please inform our Recruitment team. Only shortlisted candidates will be contacted.