Senior Audit Manager, Audit Department - Trade Surveillance

Requisition : 246539

Salary Range: -

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

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!

Purpose

Seeking a detail-oriented Senior Audit Manager who is seasoned Compliance Auditor with significant experience in Trade Surveillance audits, focused on market abuse detection and prevention. This role plays a critical part in ensuring our trading activities comply with regulatory standards and internal policies. The successful candidate will leverage their expertise to lead compliance audits for trade surveillance to identify potential market abuse and work collaboratively with various departments to enhance our controls and procedures.

What You’ll Do

• Acts primarily as Officer in Charge (OIC) and leads the planning, execution and reporting of Global trade surveillance Compliance Audit by assessing the control effectiveness and Bank’s adherence to the regulatory requirements and standards. May also execute assigned audit activities independently as a team member under the direction of the OIC on other assignment.
• With a deep expertise in understanding and detection of market abuse scenarios along with prevalent regulations, laws, and industry best practices, assist in the development and execution of a comprehensive and strategic audit plan for Global Compliance Trade Surveillance, ensuring auditable entities remain within cycle.
• Exercises sound knowledge of products (such as Equities, Debt, derivatives, ETFs, FX, etc.), business, and technical expertise to effectively challenge management to improve the control environment.
• Assess the effectiveness of the bank's trade surveillance compliance program through an effective challenge of market abuse alert review and management process to detect possible manipulative and deceptive practices, insider trading and trading on material non-public information etc. and help identify areas of risk and provide actionable recommendations for enhancement.
• Develop tactical strategies for increasing the use of data analytics to drive effective annual planning / risk assessment, and engagement / project execution, specifically, analyze large datasets to detect anomalies or trends indicative of market abuse; utilize data visualization tools to present findings effectively.
• Conducts 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. Develops and analyzes strategies/audit procedures to ensure the organization stays ahead of the curve in response to internal and external changes.
• Maintains a thorough understanding of compliance risks and processes. This includes keeping abreast of key industry developments, regulatory changes, and identifies key systemic…