Senior Audit Manager AML​/ATF and Sanctions

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Requisition

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

As the 3rd Line of Defense, Internal Audit provides enterprise-wide, independent, and objective assurance over the design and operations of the Bank’s internal controls, risk management, and governance processes. We are professionals who thrive in a challenging environment and work with management to find solutions to address control weaknesses.

The Senior Audit Manager assists in leading internal audit activities related to Financial Crimes and AML in support of the Audit Department in executing on its global mandate, ensuring business strategies, plans, and initiatives, and all audit activities are conducted/executed/delivered in compliance with governing regulations, internal policies, and procedures. The Senior Audit Manager is a dynamic, innovative, and trusted advisor who uses data to deliver industry-leading assurance and insights to keep the Bank and our customers safe.

Is this role right for you? In this role, you will:

• 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.
• Provide support to the VP, AML/ATF & Sanctions and the Director (s), AML/ATF & Sanctions Audit with the management of the AML Audit Program which includes test scripts, training, annual planning, quarterly reporting, annual report to Board of Directors, Continuous Monitoring Activities, initiatives, projects (e.g regulatory remediation) and day to day operations of the AML Centre of Excellence. This includes supporting the Director, AML/ATF & Sanctions Audit in continuous monitoring to assess Financial Crime related controls in Transaction Monitoring, Sanctions and KYC areas.
• 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.
• Works with other audit teams as required and carries out specific projects.
• Supports a client-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-today activities and decisions.
• Plans, documents, and seeks agreement in advance to the project approach and confirms conclusions upon completion in writing.
• Ensures Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
• Builds and maintains strong relationships with internal and external stakeholders and regulators as required.
• Interacts and coordinates with other groups involved. Completes timely review of work papers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management.
• Supports ongoing monitoring activities to stay abreast of changes (business/industry/regulatory), emerging risks, and themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan.
• Supports a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vision/values/business strategy; and managing succession and development planning for the team.
• Meets Department training requirements.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• University/Post secondary degree in Business or equivalent. Relevant Audit or business certifications.
• At least 5+ years of relevant experience.
• Demonstrates expertise in BSA/AML laws and regulations, as well as having experience with OSFI and FINTRAC requirements. Additionally, possesses an understanding of how to apply these requirements in a financial service environment.
• Work individually or as part of a team to execute testing against AML laws and regulations, including assessing risks related to model design, data, output, and governance.
• Leads the validation of AML issues identified during audits, ensuring that corrective actions are effectively implemented and sustainable. This includes reviewing…