Audit Manager, Global Banking - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 172266

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 processes of the Bank.

Its mandate is to provide independent and objective assurance over the design and operating effectiveness of the Bank's internal controls and to provide advisory services to improve the Bank's operations.

The Global Banking Markets (GBM) audit team is responsible for assessing the design and operating effectiveness of internal controls relating to capital markets trading and risk management activities in Toronto and international locations.

Key Accountabilities

Under the direction of Director and VP GBM Internal Audit, evaluate the design and operating effectiveness of the internal controls for managing model risk and validation activities
Assess the model risk management cycle including model development, validation & monitoring processes
Evaluate whether the Bank's model development, validation, approval, testing, and implementation model risk management practices follow the Bank's and regulatory guidelines/policies
Through the review and testing of the OSFI CAR Guideline selfassessment, model documentation and supporting evidence, identify and articulate areas of improvements pertaining to model risk and provide value added recommendations to the key stakeholders (senior management, model developers, validators, and users)
Communicate clearly in verbal format and in writing of testing procedures, outcomes, conclusion and observations/recommendations to Director and other team members.
Meet all audit department standards and methodologies, as well as relevant regulations and conducts.

Functional Competencies
Soft Skills

Excellent communications skills with a focus on collaboration and teamwork.
Strong analytical and problemsolving skills with a proven record of creativity and innovation
Strong curiosity with appropriate professional skepticism

Technical Skills

Working knowledge in quantitative finance and industry practice model methodologies used in managing risks in capital markets and treasury business lines
Working knowledge in common computer programming languages (e.g. Python, VBA etc)

Educational Requirements

Undergraduate degree in a quantitative discipline such as data science, financial engineering, economics, mathematics, statistics, physics, engineering, and computer science or information technology.
Designation in FRM and/or CFA would be an asset, however not required.

auditjobs

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.