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Senior Audit Manager, U.S. AML Audit

**Requisition ID:** 227034

**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. 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

The Senior Audit Manager contributes to the overall success of the Audit Function in support of the Audit Department executing its global mandate, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.

The successful candidate will be a subject matter expert on U.S. AML/BSA/Sanctions requirements, including but not limited to the Bank Secrecy Act and OFAC regulations, guidance, and regulatory expectations. The candidate will lead AML audits to assess the design and operating effectiveness of internal controls relating to risk monitoring, challenge, and reporting activities within the U.S and determine whether they are in compliance with governing regulations, internal policies, and procedures. The candidate will have experience engaging with U.S. regulators to assist with BSA/AML/OFAC regulatory examinations.

The candidate will support the Director, U.S. AML Audit by evaluating the control environment, fostering an inclusive work environment, and managing development of personnel. The candidate is able to apply risk-based auditing standards, frameworks, practices, techniques, processes and methodologies, and regulatory guidelines to the performance and review of audits, including providing high quality, value-added advisory services to Management as part of audits or special projects/assignments, while ensuring that audit methodology standards are met.

What You’ll Do

+ Acts primarily as Officer in Charge (OIC) as a team member for assigned audits. May act as Audit Principal (AP) for low to medium complexity audits.

+ As OIC/AP, oversees the execution, planning, and reporting. Obtains a thorough understanding of the end-to-end business/unit/process and associated risks, develops an appropriate risk-based audit approach and schedules timing and resources.

+ Ensures audit results are gathered and determines the root cause of the problem. Prepares and/or reviews audit results and findings for presentation to management. Follows-up for corrective action/progress against any reported issues. Ensures relevant information that impacts other audit function areas is shared.

+ Maintains familiarization and technical expertise with the assigned business unit(s) including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas to understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

+ Interacts and partners with Senior and Executive Management to understand the risks within the business, business changes and other significant events that could significantly affect the business and/or the audit plan. Supports a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.

+ Well-developed judgment, management, decision-making and problem-solving skills are required in order to effectively deal with a rapidly changing, complex business environment.

+ Good time management skills in order to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas. Interacts and coordinates with other groups involved to complete timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management.

+ Supports 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.

+ Supports a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.

+ Meets Department training requirements and works with other audit teams as required and carries out specific projects when required.

+ Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.

What You’ll Bring

+ University/Post secondary degree in Business or equivalent. Technical/Professional qualifications such as MBA, CFA, ACAMS / CAMS and/or CIA.

+ At least 5+ years of relevant experience covering financial crimes (BSA/AML, OFAC) as an internal auditor (third-line or defense) and/or compliance professional (second line of defense) for financial institutions.

+ Experience with analyzing AML Transaction Monitoring and Sanctions Screening systems and models, including use of data analytics.

+ Proven ability to work in high levels of ambiguity and in a rapidly changing environment.

+ Highly proficient at applying Scotiabank methodology and using risk-based auditing standards and practices.

+ Strong analytical skills necessary to assess risk exposures and understand risk quantification and valuation methodologies.

+ Ability to quickly understand the risks associated with new products, processes, routines and formulate audit procedures to ensure that the controls are adequate.

+ The incumbent must possess 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 are essential, with superior issue and audit report writing skills. In addition, the incumbent should be skilled at verbal engagement and presentation, of a caliber suitable for direct exposure to executive management.

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. 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.

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, 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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.