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Senior Audit Manager, Global Banking and Markets

3 months ago


Toronto, Ontario, Canada Scotiabank Full time

Requisition ID: 205204

Overview

We are seeking a dedicated professional to lead and oversee audits aimed at evaluating the design and operational efficiency of internal controls related to trading and treasury functions. This role will involve collaboration with a team focused on auditing Group Treasury (GT) and its associated control functions, including Finance, Product Control, and Global Risk Management.

Key Responsibilities

  • Conducting thorough reviews of risk management controls, measurement techniques, limits, and reporting based on a comprehensive understanding of treasury strategies and products, particularly concerning interest rate risk, liquidity, and funding management.
  • Evaluating the effectiveness of trading practice controls within Front Office units and ensuring robust risk oversight within the second line of defense, as well as controls related to financial reporting and Funds Transfer Pricing (FTP).
  • Assessing the adequacy of methodologies and the integrity of data concerning structural interest rate risk and liquidity risk measurements.
  • Supervising audit managers and auditors to carry out comprehensive business line reviews as directed by senior leadership.

Qualifications

  • A minimum of 10 years of experience in treasury operations, capital markets, risk management, financial reporting, or audit functions.
  • Strong analytical capabilities essential for evaluating risk exposures in complex financial products and understanding risk quantification methodologies. Proficiency in data analysis tools (e.g., SQL, Power BI, Python) is advantageous.
  • Ability to swiftly comprehend the risks associated with new products and processes, formulating appropriate audit procedures to ensure adequate controls.
  • Excellent written and verbal communication skills, coupled with strong problem-solving abilities and leadership qualities.
  • A bachelor’s degree in Finance, Risk Management, Accounting, or a related field is required. Professional designations such as FRM, CPA, or CFA are considered an asset.

Purpose

The primary objective of this position is to provide high-quality, value-added advisory services to management as part of audit engagements or special projects. The incumbent will ensure that departmental standards are upheld across all assignments.