Director, Global Wealth & Insurance Audit

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 Director leads and oversees the internal audit activities for Global Wealth and Insurance in support of the Audit Department in executing 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 Director 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.

• Act primarily as Audit Principal (AP) or Officer in Charge (OIC) for assigned audits. May also be a participant on audits.
• Work with other audit teams as required.
• Carry out specific projects or investigations of a complex and/or confidential nature.
• As an OIC/AP, oversee 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.
• Ensure audit results are gathered and determines the root cause of the problem. Prepares and/or reviews audit review findings for presentation to management. Monitors and follows-up for corrective action/progress against any reported issues. Ensures relevant information that impacts other audit function areas is shared.
• Lead and drive a client focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the business line risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Plan, document, and seek agreement in advance to the project approach and confirms conclusions upon completion in writing. Assists in the due diligence of potential acquisitions.
• Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
• Build and maintains strong relationships with internal and external stakeholders and regulators as required.
• Interact and coordinate 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.
• Conduct ongoing monitoring activities to stay abreast of changes (business/industry/regulatory) / emerging risks / themes or systemic issues that may impact the risk assessment of the audit universe and the audit plan.
• Build 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 behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.
• Meet Department training requirements.

• University/Post secondary degree in Business or equivalent. Relevant Audit, accounting or business certifications (CIA, CPA, CFA, CFP, etc.)
• At least 8+ years of relevant experience in internal/external audit and/or Wealth Management.
• A thorough knowledge of Wealth Management products and services, processes and controls (e.g. asset management, advisory/brokerage, insurance, finance/accounting, AML, and regulatory compliance).
• Proven ability to work in high levels of ambiguity and in a rapidly changing environment.
• Highly proficient at applying Scotiabank methodology and using risk-based auditing standards and practices.
• Strong analytical skills in the use of data analytics or visualization tools including Alteryx, Power BI, Excel, etc.
• Ability to supervise multiple projects at any given time.
• Highly developed interpersonal and communication skills (verbal and written).
• Strong people management and coaching/development skills.
• Curiosity mindset.

• Champion a high-performance environment and contribute to an inclusive work…