Senior Manager, U.S. AML Audit

 

 

 

Requisition ID: 193730

 Salary Range: 110,700.00 - 211,800.00 

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 Audit Department is the 3rd Line of Defense and plays a key role in the internal control system of the Bank. Its mandate is to provide independent and objective assurance over the design and effectiveness of internal controls to mitigate risks and to provide advisory services designed to improve the Bank's operations. 

 

The Senior Manager will be working directly with the Director – US Head of AML Audit and be responsible for leading and executing AML and Sanctions audits. The Senior Manager will act primarily as Officer-in-Charge (OIC) on AML and Sanctions audits to assess the design and operational effectiveness of internal controls, adherence to regulatory requirements and Bank policies, and the efficiency and effectiveness of operations of the AML/Sanctions Compliance function. The Senior Manager will be responsible for managing the planning, execution, and reporting of assigned audits in accordance with department standards. In addition, the Senior Manager will support the Director in determining the overall audit plan and strategy over the AML/Sanctions Compliance function in the U.S.
 

What You’ll Do:

 

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Identify systemic and emerging issues and strategic changes planned/undertaken by the auditees that will impact the audit plan, including review of business/strategic plans, review and update the Risk Assessment database for entities assigned, attend periodic meetings with key management officers to understand changes and new business initiatives and review key performance indicators;
• Maintain a thorough understanding of the business, risks and processes for assigned areas and provide effective guidance to the audit teams;
• Manage appropriately the prioritization of testing activities using a risk-based approach to ensure scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, appropriate resources are assigned, risks are understood and the nature and extend of testing is adequate to support the audit findings and conclusions;
• Ensure internal control weaknesses are identified; errors are quantified as applicable, associated impact is defined, documented and reported, the identified issues are clearly understood and the appropriate actions are taken by management.
• Ensure audit reports are written to a consistent high standard of quality and are finalized / released within established metrics; 
• Ensure audit findings are adequately documented in the Audit Issues Tracking Database.
• Ensure Teammate working paper files are reviewed timely and the audit work is documented according to the established standards
• Maintain effective communication with stakeholders including appropriate handling of conflicts and issue resolution.
• Coordinate work performed on behalf of the external auditors as assigned. 
• Prepare applicable sections of the quarterly report to the Audit Committee.
• Manage the development of staff by providing direction and coaching; impart specialized skills to o