Senior Audit Manager, U.S. Loan Review

Scotiabank; New York (NY); On-site; USD 117,000 - 225,000; Full time

Job summary

An established industry player is seeking a Senior Audit Manager to lead internal audit and loan review activities. In this pivotal role, you will champion a client-focused culture, ensuring compliance with regulations and internal policies while managing a high-performance team. Your expertise in risk-based auditing and structured finance will be crucial in developing strategic audit plans and executing projects that drive organizational success. Join a purpose-driven team that values diversity and empowers you to reach your fullest potential, offering a supportive environment that prioritizes holistic well-being and professional growth.

Benefits

Flexible benefit programs

Holistic well-being support

Inclusive work environment

Qualifications

• 2+ years of experience in auditing Non-Investment Grade/Leveraged Finance.
• Strong analytical skills with proficiency in data analytics.

Responsibilities

• Lead and oversee internal audit and loan review activities.
• Develop and execute a comprehensive audit plan.

Skills

Risk-based auditing

Analytical skills

Data analytics tools

Structured Finance knowledge

Client relationship management

Education

University/Post secondary degree in Business

Degree in Finance, Economics, or Accounting

Tools

Data visualization tools

Job description

Title: Senior Audit Manager, U.S. Loan Review

Requisition ID: 210150

Salary Range:117,400.00-224,700.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

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.

Purpose

The Audit Manager/Senior Audit Manager supports/leads and oversees the internal audit and loan review activities in support of the Audit Department in executing on its global mandate, ensuring business strategies, plans and initiatives and all audit activities are conducted in compliance with governing regulations, internal policies, and procedures.

What You’ll Do

• Champions/Leads and drives a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Acts primarily as Team Participant or Officer in Charge (OIC) for assigned projects, processes, and units or participates as a team member under the direction of the OIC.
• Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
• Assists in the development and execution of a comprehensive and strategic audit plan, ensuring auditable entities remain within cycle.
• Supports/Conducts 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.
• Participates in/Leads the execution, planning, and reporting on assigned audit projects.
• Assists in/Manages and supervises the end-to-end process of the execution of the audit and ensures the nature and extent of testing is appropriate to support the objective, scope, and overall opinion.
• Ensures audit results are gathered, determines the root cause of the problem and the associated impact and reports accordingly.
• Ensures audit reports are written to a consistent high standard and are finalized within established department metrics.
• Supports/Carries out specific projects or investigations of a moderate or high complexity and/or confidential nature.
• Proactively anticipates client pain points to drive innovative recommendations and ensure organizational agility.
• Participates in/Leads collaborative efforts across teams, ensuring alignment toward shared objectives and driving collective success.
• Supports/Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values.
• Champions/Builds a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team.

What You’ll Bring

• University/Post secondary degree in Business, Finance, Economics, Accounting, or equivalent.
• At least 2+ years (or 5+ years for Senior Audit Manager) of relevant experience in the origination, structuring, adjudication, risk rating or auditing of Non-Investment Grade/Leveraged Finance.
• Knowledge of Structured Finance (Securitizations, CLOs), Syndications, Counterparty Credit Risk a plus.
• Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to performance and review of audits.
• Strong analytical skills and proficiency in the use of data analytic or visualization tools.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences.

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.

Location(s): United States : New York : New York City

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.

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.