Manager, U.S. Compliance Audit

Scotiabank; Dallas (TX); Hybrid; USD 110,000 - 170,000; Full time

Job summary

Scotiabank in the United States is seeking a Manager, U.S. Compliance Audit to lead the audit program within Global Banking and Markets.

You will drive risk assessment, plan audits, and collaborate with management to strengthen internal controls. The role requires at least 5 years in compliance, audit, or regulatory fields; strong knowledge of non-AML regulations; and excellent communication, leadership, and documentation skills.

Qualifications

• At least 5 years’ experience in Compliance, Audit, consulting, or regulatory body.
• Excellent knowledge of Compliance (non-AML) laws, regulations, guidance, and regulatory expectations.
• Knowledge of auditing concepts and techniques.
• Well-developed judgment, management, decision-making and problem-solving skills.
• Strong written and verbal communication skills.
• Expert time management skills with the ability to take on multiple projects at one time.
• Excellent work paper documentation skills (i.e., thorough/detail-oriented).

Responsibilities

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Identify systemic and emerging issues and strategic changes planned/undertaken by the auditees 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
• Maintain a thorough understanding of the business, risks, and processes for assigned areas and provide effective guidance to the audit teams
• Manage appropriately the prioritization of testing activities using a risk-based approach to ensure scope and extent of work is in accordance with the approved plan, timing, and budget are reasonable, appropriate resources are assigned, risks are understood, and the nature and extend of testing is adequate to support the audit findings and conclusions
• Ensure internal control weaknesses are identified, errors are quantified as applicable, associated impact is defined, documented and reported, the identified issues are clearly understood and the appropriate actions are taken by management
• Ensure audit reports are written to a consistent high standard of quality and are finalized/released within established metrics
• Ensure audit findings are adequately documented in the Audit Issues Tracking Database
• Ensure Teammate working paper files are reviewed timely and the audit work is documented according to the established standards
• Maintain effective communication with stakeholders including appropriate handling of conflicts and issue resolution

Skills

Compliance knowledge

Audit

Regulatory expectations

Risk assessment

Communication skills

Time management

Documentation

Team leadership

Microsoft Office

Tools

Word

Excel

PowerPoint

Job description

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Title: Manager, U.S. Compliance Audit

Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

Contributes to the overall success of the Compliance Corporate Audit function in the U.S. to ensure specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The Audit Department is the 3rd Line of Defense and plays a key role in the internal control system of the Bank. Its mandate is to provide independent and objective assurance over the design and effectiveness of internal controls to mitigate risks and to provide advisory services designed to improve the Bank's operations. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

What You’ll Do

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Identify systemic and emerging issues and strategic changes planned/undertaken by the auditees 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
• Maintain a thorough understanding of the business, risks, and processes for assigned areas and provide effective guidance to the audit teams
• Manage appropriately the prioritization of testing activities using a risk-based approach to ensure scope and extent of work is in accordance with the approved plan, timing, and budget are reasonable, appropriate resources are assigned, risks are understood, and the nature and extend of testing is adequate to support the audit findings and conclusions
• Ensure internal control weaknesses are identified, errors are quantified as applicable, associated impact is defined, documented and reported, the identified issues are clearly understood and the appropriate actions are taken by management
• Ensure audit reports are written to a consistent high standard of quality and are finalized/released within established metrics
• Ensure audit findings are adequately documented in the Audit Issues Tracking Database
• Ensure Teammate working paper files are reviewed timely and the audit work is documented according to the established standards
• Maintain effective communication with stakeholders including appropriate handling of conflicts and issue resolution

What You’ll Bring

• At least 5 years’ experience in Compliance, Audit, consulting, or Regulatory body
• Excellent knowledge of Compliance (non-AML) laws, regulations, guidance, and regulatory expectations
• Knowledge of auditing concepts and techniques
• Well-developed judgment, management, decision-making and problem-solving skills
• Strong written and verbal communication skills
• Expert time management skills with the ability to take on multiple projects at one time
• Excellent work paper documentation skills (i.e., thorough/detail-oriented)
• The ability to work independently and within a team environment
• Highly proficient use of Word, Excel, and PowerPoint

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

#GBM

Nearest Major Market: Dallas
Nearest Secondary Market: Fort Worth
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