Senior Audit Manager, Global Banking and Markets

Requisition

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

The Bank’s Internal Audit Department plays a key role in the risk management processes of the Bank. Its mandate is to provide independent and objective assurance over the design and operating effectiveness of the Bank’s internal controls and to provide advisory services to improve the Bank’s operations. The Global Banking Markets (GBM) audit team is responsible for assessing the design and operating effectiveness of internal controls relating to capital markets trading, corporate and investment banking activities in Toronto and international locations.

The incumbent will contribute to evaluate the design and operating effectiveness of internal controls over the Bank’s trading and market risk management processes which support GBM business lines. In particular, the candidate will work closely with other team members to provide front office, market risk, product control, and counter party credit risk coverage and subject matter expertise in executing the annual Audit Plan.

Moreover, the candidate will contribute to the Audit Department’s Market Risk Centre-of-Excellence (CoE) initiatives to build high awareness of market risk within the Department and ensure that market risk is adequately covered across the global footprints. The candidate will be exposed to emerging market risk measurement and management techniques and industry best practices, as well as various capital markets products, risk management processes and other key internal controls employed by the GBM business lines.

Located in our Toronto office, the incumbent will be a member of integrated audit teams covering end to end processes in GBM Trading functions with a focus on market risk assessments.

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

Under the direction of Director and VP GBM Internal Audit, evaluate the design and control effectiveness of the internal controls for managing market risk in trading activities.

Assess the soundness of trading activities by traders and sales staff against established trading and hedging strategies, trading practices, and other trading floor internal controls as well as regulatory requirements.

Assess the market risk management and product control cycle including risk appetite definition, market risk limit design in the GBM business lines, product approval and annual review process, management and board reporting and product valuation.

Evaluate whether the Bank’s market risk management and product control processes follow the Bank’s and regulatory guidelines/policies, and whether the Bank’s practices are in line with the industry best practices.

Identify and articulate areas of improvements pertaining to market risk management and product control processes to provide value added recommendations to the key stakeholders (GBM senior management, market risk management units etc).

Participate in establishing and maintaining sound audit program including enhancements of market risk/counter party credit risk and product control audit procedures and identification of emerging risks through the continuous monitoring activities.

Contribute to the Market Risk CoE to build high awareness of market risk and provide training to the audit staff globally as required.

Communicate clearly in verbal format and in writing of testing procedures, outcomes, conclusion and observations/recommendations to Director and other team members.

Meet all audit department standards and methodologies, as well as relevant regulations and conducts.

Do you have the skills that will enable you to succeed? – We would love to work with you if you have:

Minimum of 5 years of experience in a market risk management or capital markets audit and other roles in risk management, trading business or treasury function with strong knowledge in market risk measurement techniques and market risk controls implemented in the trading/treasury desks and risk management units.

Strong product and market risk management knowledge in capital markets and treasury function across major asset classes (interest rate, credit, equity, commodities & FX)

Work…