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 s