Purpose

The Audit Department, as the 3rd Line of Defense, plays a crucial role in the Bank's internal control system. Its mandate is to provide independent and objective assurance over the design and effectiveness of internal controls to mitigate risks and offer advisory services to enhance the Bank's operations.

As a member of the Global Compliance & AML Audit Team, you will be responsible for planning and executing Compliance Function audits (2nd line). Working with the Director, you will assess the design and operational effectiveness of Global Banking & Markets and Global Treasury Business Line (GBM&T) Compliance function oversight and controls, adherence to regulatory requirements and Bank policies, and the overall effectiveness of operations. You will assist in all audit phases, including planning, execution, and reporting, and lead the validation of internal and external issues, as well as continuous monitoring.

This role focuses on the Regulatory Compliance Management (RCM) Framework, covering regulatory obligations, risk assessment, issues management, monitoring and testing, remediation testing, preparation of thematic wrapper reports, and executing the strategy for the Compliance Centre of Excellence (CoE). As Officer-in-Charge (OIC) on audit engagements, you will manage the planning, execution, and reporting of assigned audits in accordance with department standards.

Accountabilities

Global Compliance Audit - Centre of Excellence:

• Plan and execute audits of GBM&T (2nd Line) to formulate periodic opinions on the effectiveness of the function in managing regulatory compliance obligations.
• Conduct validation testing to close internal audit and external findings, including regulatory issues.
• Report on thematic results of audits and issue validation activities, including results of audits executed by business line/country audit teams to ensure adequate coverage across the RCM Framework.
• Assist the Director in developing and managing the periodic Audit Plan.
• Support audit coverage of regulatory obligations e.g. OSFI B-7 (Derivatives) and develop a consistent approach for regulatory compliance audits to be executed by business audit teams, enabling Audit to assess the state of Regulatory Compliance risk on an ongoing basis.
• Support the continued development of the CoE Program through the roll-out of a global audit program that ensures a consistent approach to audits and validation activities of regulatory compliance risk for GBM&T.
• Manage and execute the quarterly continuous monitoring program.
• Identify and communicate key regulatory compliance changes and trends/themes.

Development and Management of the Periodic Compliance Audit Plan:

• Maintain a thorough understanding of compliance risks and processes, including staying abreast of key industry and regulatory changes. Identify key systemic issues (arising from audits globally) and internal changes that will impact the annual audit plan and/or quarterly Audit Committee reporting.
• Maintain relationships with GBM&T Compliance and audit teams.
• Assist in developing tactical strategies for increasing the use of data analytics to drive effective annual planning/risk assessment, continuous monitoring, and engagement/project execution.
• Execute audits of the GBM&T Compliance and special investigations/assignments, ensuring audit planning, execution, and reporting are managed according to agreed timelines and department standards.
• Support the Director in representing the Audit across GBM&T Compliance committees.
• Manage self-development by confirming job expectations and developing and managing a personal development plan.

Education/Experience

• Experience: Over 6 years of experience in Compliance, GBM&T or related fields, including internal audit, consulting, regulatory experience, and data analytics.
• Knowledge: Proficient understanding of the Canadian Securities or Investment Dealer rules, regulatory compliance framework, structure, programs, key regulations/regulators, and systems.
• Qualifications: Professional designations such as CPA, CFA, CIA, or a post-graduate degree in business, finance, economics, or accountancy are advantageous.
• Audit Expertise: Solid knowledge of audit processes and methodologies.
• Technical Skills: Proficient in MS Excel, databases, and familiar with Power BI for executing data analytics.
• Presentation Skills: Demonstrated ability to train and present to large stakeholder groups.
• Analytical Skills: Strong strategic, analytical, problem-solving, and critical thinking abilities.
• Initiative: Self-starter who takes initiative, handles ambiguity well, and is detail oriented.
• Team Player: Thrives in a dynamic, team-oriented environment.
• Communication: Excellent written and verbal communication skills.