"Alerted.org

Audit Manager, U.S. Capital Markets

**Requisition ID:** 240530

**Salary Range:** 90,000.00 - 167,200.00

_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.

Audit Manager, U.S. Capital Markets - New York, NY

Purpose

As the 3rd Line of Defence, Internal Audit provides enterprise-wide, independent, and objective assurance over the design and operations of the Bank’s internal controls, risk management and governance processes. We are professionals who thrive in a challenging environment and work with management to find solutions to address control weaknesses.

The Auditor 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 perform / manage audits to assess the design and operating effectiveness of internal controls relating to capital markets activities within the U.S. The incumbent will be required to work as part of the team and assist the Senior Managers and/or Director, US Capital Markets Audit to provide audit services to capital markets, investment and corporate banking, and/or treasury functions within the Bank. The incumbent will also support the providing of 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.

Apart from possessing knowledge in capital market products and related risk management techniques, the incumbent should be proficient in applying risk-based auditing standards, practices, techniques, processes, and methodologies to the audit of the internal controls. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.

Accountabilities

+ Champions a client focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.

+ Manage and/or supports the Officer in Charge (OIC) with the execution of assigned audits.

+ Works with other audit teams as required.

+ Contributes to special projects as assigned including investigations and other special projects that Audit may be requested to perform by management.

+ Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

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

+ Stays informed of relevant business risks and controls. Effectively conveys risk-related information to Officer-in-Charge.

+ Maintains stakeholder relationships to successfully carry out audit activities.

+ Champions a high-performance environment and contributes to an inclusive work environment.

+ Meets Department training requirements.

+ Ensures audit results are gathered and assesses the impact of the findings on the internal control framework. This would include confirmation of the findings with the auditee and a discussion of the root cause with the OIC.

+ Review the control effectiveness for managing risks in trading activities. Assess the trading and sales practices controls within Front Office units and overall trading management oversight.

+ Review effectiveness of risk management controls and measurement technique, limit design and monitoring, risk reporting and traded products valuations based on an understanding of the trading strategies and products.

+ Assess the effectiveness of transaction recording and deal controls.

+ Work with auditors within the audit department to perform end-to-end business line reviews.

+ Maintain knowledge of capital markets practices, policies and procedures and local regulations.

+ Provide support to stakeholders on capital markets issues and/or changes.

+ Active engagement and coordination with Stakeholders for audit issue resolution.

+ Support the unit’s 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.

Dimensions

+ The Manager is expected to work independently and within a team environment. The management of audits will be guided by the Senior Managers, though the incumbent is expected to exercise initiative, judgment, and self-direction in meeting objectives and solving problems.

+ The major accountabilities of the incumbent are associated with tight adherence to non-negotiable deadlines. Consequently, all unforeseen delays must be effectively resolved and escalated in order to bring the submissions back on schedule.

+ Supports the Capital Markets Audit team in a risk-based execution of the audit plan, interacts with senior Capital Markets stakeholders in the US, and collaborates and works as part of multifaceted teams executing business line audits.

+ The incumbent should be a creative thinker who can utilize his/her well-rounded knowledge base to solve problems, which may be outside precedent, and often impact numerous departments and must be resolved within tight time constraints.

+ The incumbent should 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 to effectively deal with dynamic and complex business environments.

+ The incumbent must possess time management skills to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas.

+ Accountable for specific work in assigned audits.

Education & Experience

+ University/Post secondary degree or relevant experience.

+ Technical/Professional qualifications such as CIA and/or CFA preferred.

+ 5+ years of progressive experience in audit and capital markets environment.

+ Knowledge of capital markets products and prior auditing experience with respect to trading or treasury activities.

+ Exposure in working with traders and risk management personnel would be an asset, in addition to an understanding of the US regulatory environment around trading activity.

+ 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 should 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 changing and complex business environments.

+ The incumbent must possess expert time management skills to manage multi-functional accountabilities through prioritization, conflict resolution and the promotion of ideas.

+ Excellent written communication skills are essential, with strong 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 Senior management.

+ Working knowledge in risk-based audit methodologies.

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

+ Proficient at applying risk-based auditing standards and practices.

+ Good analytical skills in the use of data analytics or visualization tools.

+ Good interpersonal and communication skills (verbal and written).

+ Curiosity mindset.

Working Conditions

+ Work in a hybrid office-based environment; non-standard hours occur on occasion.

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.