Job Description

Requisition ID: 99251

Join the Global Community of Scotiabankers to help customers become better off.

In this role as a Manager within the Risk & Remediation team in Internal Audit, you will perform audits to assess the design and operating effectiveness of internal controls relating to risk monitoring, challenge, and reporting activities within the U.S. You will be required to work as part of the team and assist the Director, US Risk Audit to provide audit services to risk management functions and/or associated first line areas within the Bank. You will also provide high quality, value added advisory services to Management as part of the audits or special projects/assignments, while ensuring that audit methodology standards are met. Finally, you will also have experience validating regulatory remediation items, preferentially related to risk management, though all related experience will be considered.

Apart from possessing strong knowledge in capital markets/banking products and related risk management techniques, you should be proficient in applying risk-based auditing standards, practices, techniques, processes and methodologies to the audit of the internal controls.

Is this role right for you? You will be responsible for:

* Championing a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
* Reviewing effectiveness of risk management controls and measurement techniques, limit design and monitoring, risk reporting based on a detailed understanding of the trading strategies and products
* Assessing the design effectiveness of risk management functions, including interaction with the first line and stakeholder and regulatory reporting
* Working with auditors within the audit department to perform end-to-end business line reviews
* Contributing to completed remediation validation packages to the standard expected by the bank and regulators, evidencing review of design, operation, and sustainability of appropriate controls
* Understanding how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions
* Maintaining strong knowledge of capital market risk management practices, policies and procedures and local regulations
* Providing support to stakeholders on risk management issues and/or changes
* Active engagement and coordination with Stakeholders for audit issue resolution
* Supporting the units continuous monitoring program so as to understand and identify changing conditions within business, risk and corporate functions, keep abreast of changing risk profiles, guide assessment of emerging risks, identify systemic issues and determine current and future audit requirements

Do you have the skills that will enable you to succeed? We'd love to work with you if you have:

* Technical/Professional qualifications such as MBA, CFA and/or CIA
* 4-6 years of progressive experience in capital markets risk management environment
* Strong knowledge of risk management functions (e.g., operations, market, liquidity/ treasury, model risk management) and audit functions. Prior auditing experience in these areas. Exposure in working with risk management personnel would be an asset
* Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies
* The ability to quickly understand the risks associated with new products, processes, routines and formulate audit procedures to ensure that the controls are adequate
* The ability to be resourceful, a self -starter, possessing a high degree of flexibility, creative thinking and confidence to carry out effective solutions. Well-developed judgment, management, decision-making and problem-solving skills are required in order to effectively deal with a rapidly changing, complex business environment
* Expert time management skills in order to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas
* Excellent written communication skills, with superior issue and audit report writing skills. You should be skilled at verbal engagement and presentation, of a caliber suitable for direct exposure to executive management
* Working knowledge in risk based audit methodologies