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Audit Manager, Internal Audit / Scotiabank Ireland DAC / Global Banking and Markets

Requisition ID: 205468

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

The Internal Audit Department plays a key role in the risk management process of the Bank. Its mandate is to provide independent and objective assurance over the design and operation of the Bank’s controls and operational processes and to provide advisory services designed to improve the Bank’s operations.

The incumbent will be required to work as part of the Ireland Internal Audit team that covers end to end processes in the Global Banking & Markets and Treasury business lines, and assist the Senior Manager Audit, Scotiabank Ireland in assessing the effectiveness of controls in front / middle / back offices and other support functions that relate to these business lines.

The successful candidate will have experience of auditing (internal or external) wholesale Banking activities including Corporate Lending, Trade Finance, Capital Markets and Treasury. An understanding of Irish and EU regulatory requirements is also required. The incumbent should be proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to the performance and review of audits.

Accountabilities

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

• Engagement Planning - Assist in the planning of audits to ensure scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, procedures are efficient and appropriate resources are assigned. Develop a thorough understanding of the business, risks and processes for assigned projects. Identify emerging issues that may impact the audit plan.

• Audit Execution – Leading audits and perform assigned activities ensuring the nature and extent of testing is appropriate to support the audit findings and conclusion. Execute the audit plan to meet the audit objectives within the budgeted time. Ensure documentation of work is of a high standard, supports audit conclusions and is in accordance with department standards. Work as part of the team and with the Senior Manager in ensuring appropriate audit coverage and minimize duplicate audit efforts within the group.

• Problem Identification - Identify audit findings based on work undertaken, determine root cause of the problem and associated impact, validate the accuracy of the finding with the audit client and clearly highlight the risks for presentation to management. Escalate higher risk issues to audit management. Monitor the quarterly status of outstanding issues and follow up for timely resolution of the issues in the Tracking Database.

• Reporting/Communication - Summarize issues in a draft audit report for review by the Senior Manager on a timely basis. Present findings to senior Audit staff (OIC and Principal) and assist in audit closing meetings; Ensure that the electronic work paper files are updated on completion of the audit, all sections are reviewed and findings have been uploaded to Audit Issue Tracking Database. Follow-up for corrective action/progress against reported issues in the Audit Issues Tracking Database on a quarterly basis and escalate when necessary.

• HR Management - Comply with department established HR Management policies and procedures. Prepare periodic and annual performance self-assessments, personal goals and objectives for measurement of performance, a career development and training plan and monitor for achievement/completion.

• Special Projects - As directed by management, carry out specific projects or investigations of a moderate or high complexity and/or confidential nature. Plan, document and seek agreement in advance to the project approach and confirm conclusions upon completion in writing. Assist with the peer review Quality Assurance Program including review of documentation and reports of assigned audit project and reporting of findings to Professional Practice Group.

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

• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

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

• The role has been identified as a Central Bank of Ireland prescribed Controlled Function. The incumbent is therefore required to have the relevant fitness and probity to carry out the role and responsibilities in such a manner that the incumbent can comply with the Central Bank of Ireland 2011 Fitness & Probity Standards, as applicable to the role. In general, the Fitness & Probity Standards require the role holder to:

• be competent and capable;

• act honestly, ethically and with integrity; and

• be financially sound.

Competencies

• Ability to multi-task and work with other audit teams;

• Strong written and oral communication skills;

• Acts with professionalism and respect at all times;

• Exemplifies a strict ethical code to pursue honesty, integrity and transparency.

Dimensions

• Work within the European Audit team

• Working independently on and lead audit projects

• Knowledge of the operating environment of SIDAC and BNS;

• Working as part of a global audit team when required, with other BNS audit teams in London and Toronto;

• Maintains awareness of regulatory requirements and industry best practices in Audit.

Education / Experience / Other Information

• Requires an undergraduate degree in Business, Accounting or equivalent at a minimum. Preference will be given to candidates who have relevant technical/professional qualifications and training.

• Internal or external audit experience with a non-retail Bank or Financial Institution;

• Knowledge of capital markets products, trading and treasury risk management techniques

• Experience of auditing general banking control and support functions, regulatory compliance;

• Knowledge of the Irish and EU regulatory environment;

Location(s): Ireland : Leinster : Dublin

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.