Manager, U.S. AML Audit

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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 (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!

The 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 have a thorough understanding of the AML and BSA requirements, including but not limited to the Bank Secrecy Act and OFAC regulations, guidance, and regulatory expectations.

The candidate will perform 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 are in compliance with governing regulations, internal policies, and procedures. The incumbent will be required to work as part of the team and assist the Director, U.S. AML Audit to provide audit services over the U.S. AML program.

The incumbent should be 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.

• Support the Officer in Charge (OIC) with the execution for assigned audits. This includes completion of audit testing, discussions with management and documentation of work performed.
• May act as Officer-In-Charge (OIC) of low to medium complexity for assigned audits.
• Work with other audit teams as required.
• Execute, plan and report on the assigned audits. Obtains a thorough understanding of the business/unit/ process and associated risks, develops an appropriate risk-based audit approach, and schedules timing and resources.
• Deliver end-to-end process of the execution of the audit and ensure nature and extent of testing is appropriate to support the objective, scope, and overall opinion. Completes timely review of work papers, ensures internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management. Draft reports and issues. Present audit results and findings for presentation to management.
• Champion a client focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
• Stay…