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.
Requirements
- Act primarily as Officer in Charge (OIC) as a team member for assigned audits; may act as Audit Principal (AP) for various audits.
- Work with other audit teams as required.
- Carry out specific projects.
- Oversee the execution, planning, and reporting of audits.
- Develop an appropriate risk-based audit approach and schedule timing and resources.
- Ensure audit results are gathered and determines the root cause of the problem;
- Prepare and/or review audit results and findings for presentation to management;
- Follows-up for corrective action/progress against any reported issues;
- Ensure relevant information that impacts other audit function areas is shared.
- Support a client-focused culture throughout their team 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.
- Plan, document, and seek agreement in advance to the project approach and confirm conclusions upon completion in writing.
- Ensure Scotiabank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments.
- Build and maintain strong relationships with internal and external stakeholders and regulators as required.
- Interact and coordinate with other groups involved;
- Complete timely review of workpapers, ensuring internal control weaknesses are clearly documented with recommendations addressing the root cause and are communicated timely to management.
- Support 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.
- Support a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours;
- Communicate vision/values/business strategy;
- Manage succession and development planning for the team.
- Meet Department training requirements.
Benefits
- Competitive compensation and comprehensive benefits plan
- An organization committed to making a difference in our communities - for you and our customers
- You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development
