Vice President, Global Compliance and Legal Audit

Requisition ID: 238658

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

The Vice President (The VP), Global Compliance and legal Audit is a senior-level role that oversees and leads a team of auditors responsible for internal audit activities for Global Compliance, Legal, Corporate Governance and Security (LCGS) in support of the Audit Department in executing its global mandate. The VP will determine whether internal controls, risk management and governance processes are adequately designed, implemented, and operating effectively.

Accountabilities

• Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Manage the Annual Planning and Risk Assessment process by preparing the Plan strategy and providing input into the development, completion and reporting of the Annual Audit Plan, ensuring audit methodology is used, objectives are met, Plan is completed, that appropriate working papers are maintained and conform to IIA and Department standards.
• Validate business line Audit Plans and continuously conduct risk assessments throughout the year to identify other areas of emerging risk for audit coverage consideration and ensure the latest industry standards and regulatory requirements are incorporated to keep the Plan current and robust.
• Review audit issues to ensure internal control weaknesses and root causes are identified, properly defined, documented, and reported; ensure issues are understood by senior management and that corrective action will be taken; prepare and review audit reports for presentation to line management.
• Maintain effective internal communication across the Audit Department as well as effective lines of communication with auditees and senior management, including appropriate handling of conflicts and issue resolution.
• Lead the Compliance Centre of Excellence (COE) and set global minimum standards for all regulatory and risk-based audits.
• Maintain the Global Compliance training programs for the audit department and establish the audit standards for consistency and adequate coverage.
• Direct day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicate the Bank’s risk culture and risk appetite statement throughout their teams.
• Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Build 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; communicating vision/values/business strategy; and managing succession and development planning for the team.

education & experience

• Professional accounting or similar risk-based designation, or MBA/CFA.
• 10 years of relevant experience in a leadership role in either Banking or Internal Audit
• Knowledge of regulatory requirements from OSFI, best practices from FATF, US regulatory requirements or US interagency guidelines, and other main regulators globally (UK, HK, LATAM)
• Highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to the performance and review of audits.
• Prior experience in Compliance function and regulatory dealings.
• Thorough knowledge of Banking and the Financial services industry.
• Demonstrated ability to supervise multiple projects at any given time.
• Highly developed interpersonal and communication skills to work with staff and management at various levels.
• Expert ability to write clear and concise audit reports, memos, and communications
• fluency in Spanish is highly preferred.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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