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Scotiabank U.S. Audit, Risk & Remediation, Manager in New York City, New York

U.S. Audit, Risk & Remediation, Manager

Requisition ID: 92246

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

You will contribute to the overall success of the Audit Department in the US ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. You will ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. 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. The incumbent 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?

  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge

  • Review 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

  • Assess the design effectiveness of risk management functions, including interaction with the first line and stakeholder and regulatory reporting

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

  • Contribute to completed remediation validation packages to the standard expected by the bank and regulators, evidencing review of design, operation, and sustainability of appropriate controls

  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

  • Maintain strong knowledge of capital market risk management practices, policies and procedures and local regulations

  • Provide support to stakeholders on risk management 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

Do you have the skills you need 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 are essential, with superior issue and audit report writing skills; 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

Location(s): United States : New York : New York City

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and their differences and similarities are embraced. Learn more here at https://www.scotiabank.com/ca/en/about/our-company/diversity-and-inclusion.html . at https://www.scotiabank.com/ca/en/about/our-company/diversity-and-inclusion.html

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 at 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.

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