Purpose
Contributes to the overall success of the Internal Audit Plan in Asia Pacific ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.
Accountabilities
· Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
· Keep abreast of the local regulatory environment and impact of those changes on operations in APAC.
· Stay abreast of emerging compliance risks and communicate key changes to impacted Audit staff in APAC.
· The assessment of new regulatory requirements and update of the Regulatory Reporting Program for APAC countries.
· Identify systemic/emerging issues and changes planned/undertaken by the auditee that will impact the audit plan through discussion with the Regional Chief Auditor. This may include preplanning meetings and walkthroughs with auditees to confirm our understanding of the processes and activities subject to audit.
· Develop a thorough understanding of the business, risks and processes for assigned projects through a review of the Business overviews, Risk Assessment Database, Bank manuals and other related information.
· Develop the Annual Audit Plan in collaboration with the Regional Chief Auditor and provide input for the Annual Audit Plan for APAC including gathering of key trends and information to confirm planned risks/areas of audit focus.
· Assist in scheduling audits and identifying necessary resources, ensuring the approved audit plan is implemented.
· Manage the planning of the annual independent review of relevant regulations.
· Direct the planning of country audits for diverse units by ensuring scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, procedures are efficient, appropriate resources are assigned, and risks understood. Prepare planning documentation and sample selection in accordance with the Audit Methodology including the Audit Project Outline and commencement activities.
· Execute and manage assigned activities independently in accordance with the Department Standards ensuring the nature and extent of testing is appropriate to support the audit opinion. As Senior Audit Manager, this includes ensuring appropriate completion and review of documentation prepared by audit team members.
· Complete on-site review of assignments as required to ensure adequacy of work performed to support the audit conclusions and compliance with Department Audit Methodology.
· Manage the execution of the annual independent review of regulations.
· Ensure audit results are gathered, determine the root cause of the problem and associated impact, and report accordingly with limited supervision. Confirm results of the audit work with the auditee.
· Prepare and/or review audit findings for presentation to management.
· Document reported issues in the Audit Issues Tracking Database as required.
· Review the quarterly status of outstanding issues as assigned.
· Written reports and correspondence demonstrate good understanding of issues with key risks clearly articulated and materiality and associated impact clearly explained in accordance with the Department Audit Methodology. Recommendations build in best practices observed in other units.
· Review/edit reporting from team members and summarize issues in final audit.
· Present findings to line management and conduct audit closings including a discussion/presentation to management with an overview of the audit results and findings for those assignments with some assistance from more senior audit personnel.
· Follow-up for corrective action/progress against reported issues in the Audit Issues Tracking database on a quarterly basis. Escalate where necessary.
· Comply with department established HR Management policies and procedures.
· Provide guidance and coaching to staff by providing direction and communicating expectations; impart specialized skills to other audit officers through peer discussions and cooperation on cross-functional audits, coaching and performance management.
· Prepare/review (for direct reports) periodic and annual performance self-assessments, personal goals and objectives for measurement of performance, a career development and training plan and monitor for achievement/completion.
· Manage self-development by/through confirming/communicating job expectations and assessing progress; identifying mentors/coaches and enquiring about training needs; ensuring timely completion of performance appraisals; recruiting, interviewing and selecting candidates.
· Manage assigned staff.
· Conduct regular team meetings.
· As directed by management, carry out specific projects or investigations of a moderate or high complexity and/or confidential nature.
· Continue self-development to expand or maintain an understanding of the business line’s key processes and business applications.
· Provide advisory services as assigned (E.g., recommendations for procedure changes, review/advise on internal control design, etc.
· Make presentations to other staff to share information for areas of specialization or information obtained in training programs and external courses.
· Assist with the peer review Quality Assurance Program including review of documentation and reports of assigned audit project and reporting of findings to Professional Practice Group.
· Attend to conference and seminars to acquire a comprehensive update of the regulations and legislation affecting the financial services industry.
· Meet regulators whenever required and resolve regulatory issues (if any) in timely manner.
· Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
· Actively pursues effective and efficient operations of his/her 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.
· Champions a high-performance environment and contributes to an inclusive work environment.
