Senior Manager, GBM/GT Audit

4 weeks ago


Toronto, Canada Scotiabank Full time

 

 

 

Requisition ID: 205204

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

 

Purpose

The Bank’s Internal Audit Department plays a key role in the risk management process of the Bank. Its mandate is to provide independent, reasonable and objective assurance over the design and operation of the Bank’s controls and operational processes and to provide advisory services designed to improve the Bank’s operations. 

The role of this position is to perform and manage audits to assess the design and operational effectiveness of internal controls relating to trading and treasury activities in Toronto and international locations.  The incumbent will be required to work as part of a team that mainly audits Group Treasury (GT) and associated control functions (Finance, Product Control and Global Risk Management). The incumbent will assist Director/VP, GBM / GT Audit in assessing governance/controls over GT's trading/investment portfolios, funding programs, and evaluating compliance with relevant regulations (OSFI Liquidity Adequacy Requirements, B-6, B-12).   The incumbent will provide high quality, value-added advisory services to line management as part of audits or on special projects / assignments. The incumbent will ensure that department standards are met on all assignments.

Strong knowledge of regulatory liquidity reporting (LCR/NCCF/NSFR), treasury functions, capital market products, and risk management techniques will be required to perform treasury/trading related audits covering structural interest rate risk (SIRR), market risk and liquidity risk. The incumbent should be proficient at assessing applicability of regulations and applying risk-based auditing standards.

 

Accountabilities

  • Reviewing effectiveness of risk management controls, measurement techniques, limits and reporting based on a detailed understanding of the treasury strategies and products involving interest rate risk, liquidity and funding management.
  • Assessing the trading practice controls within Front Office units, risk oversight within 2nd line of defense and controls over financial reporting/Funds Transfer Pricing (FTP).   
  • Reviewing adequacy of methodologies and data integrity around structural interest rate risk and liquidity risk measurements.
  • Supervising audit managers/auditors to perform end to end business line reviews, as directed by Director / VP, GBM / GT Audit

 

Education/Experience

  • Good knowledge of capital markets and banking products with solid understanding of risk management techniques and data risk management.
  • 10 years of experience in treasury functions, capital markets, risk management, financial reporting or audit functions.
  • Strong analytical skills necessary to assess risk exposures in complex products and understand risk quantification methodologies. Good data analytical skill (i.e. SQL, Power BI, Python etc.) is an asset.
  • Ability to quickly understand the risks associated with new products, processes, and formulate audit procedures to ensure that the controls are adequate.
  • Good written / oral communication skills, excellent problem-solving skills, and strong leadership/people skills.
  • Prior experience in liquidity regulatory reporting (LCR/NCCF/NSFR), FTP, trading, SIRR is an asset.  
  • Requires an undergraduate degree in Finance, Risk Management, Accounting or equivalent at a minimum.  Designation in FRM, CPA and/or CFA will be an asset.

 

Location(s):  Canada : Ontario : Toronto 

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, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

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. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.



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