VELOCITY - Global Banking Markets Audit - Winter 2022 - Jobs in Toronto, ON

Job Description

Requisition ID: 128347Join the Global Community of Scotiabankers to help customers become better off.VELOCITY – Global Banking Markets Audit – Winter 2022Winter 2022 (January to April)Why work for ScotiabankScotiabank is a leading bank in the Americas. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services.This is a place where you’ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy.Who We AreThe 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) and Group Treasury (GT) audit team is responsible for assessing the design and operating effectiveness of internal controls relating to capital markets trading and treasury activities in Toronto and international locations. The associate will contribute to the data analytics strategy employed by the Internal Audit function by using data to drive audit testing and continuous monitoring. The candidate for this position will contribute to the development and maintenance of a data analytics platform used by GBM/GT Audit. In particular, the candidate will work closely with other team members to develop analytical and reporting tools to perform audit fieldwork and continuous monitoring effectively and efficiently. In addition, the candidate will be exposed to various trading and treasury products, market risk management processes and other key internal controls employed by the GBM and GT business lines. The role will also involve active engagement in discussions and collaboration with the Front Office, Market Risk Measurement (MRM), Exposure and Capital Analytics (ECA), Trade Floor Risk Management (TFRM), and Risk Management Information Technology (RMIT).Located in our Toronto office, will be member of integrated audit teams covering end to end processes in Treasury and Trading functions with a focus on model risk assessments. You will be required to travel occasionally to conduct audits in international locationsKey Accountabilities1. Assess the theoretical soundness of the market risk, counterparty risk, initial margin and other market risk valuation models2. Evaluate the models against the Bank’s policies surrounding model documentation, development, validation, approval, testing and implementation, as well as compliance of the OSFIs E-23 and the FEDs SR11-7 regulations3. Conduct and lead audits with different risk groups and relevant stakeholders for the capital markets and work with various with various stakeholders (MRM, ECA, TFRM and GWO) to ensure that new methodologies, models, assumptions, strategies and products are captured in the audit framework; negotiate timelines and audit issues and escalate any problems that may impede progress or delay implementation.4. Stay abreast of industry best practices on market risk, stress testing, value at risk, and on regulatory guidelines; deliver information and analysis on regulatory queries etc.5. Provide timely updates to Senior Management on significant developments relevant to GBM Audit team6. Help build and maintain data analytics tools and dashboards to effectively analyze market risk metrics, profit and loss data and relevant trading activity metrics.7. Work with team members to interpret data analytics results to identify and analyze trends and anomalies for audit testing and continuous monitoring purposes.8. Meet all audit department standards and methodologies, as well as relevant regulations and conducts.Functional CompetenciesSoft SkillsExcellent communications skills with a focus on collaboration and team workStrong analytical and problem solving skills with a proven record of creativity and innovationInterest in programming and integrating different software toolsStrong interests in finance, capital markets, derivatives, and counterparty credit riskTechnical SkillsExperience in software development with exposure to SQL , Python, and Unix shell scriptingExperience in relational database design and application development using JavaExperience in the use of data analysis, reporting, and visualization tools (Cognos, Tableau, Power BI)Proficiency in manipulating large and complex data setsEducational RequirementsYou are pursuing a graduate degree program in a quantitative discipline such as data science, financial engineering, economics, mathematics, statistics, physics, engineering, and computer science or information technology. Designation in FRM and/or CFA would be an asset, however not requiredFor students, we are focused on learning about who you are and what you’re interested in to uncover your true potential. In short, we don’t believe resumes will provide us with an accurate depiction of what you’re truly about to properly assess your potential. Instead we want to get to know YOU and hear about the experiences that have shaped you. We know… this might sound crazy but for students applying to one of our co-ops, internships or TILT new grad programs we are no longer requiring resumes. Instead we ask that as part of your application, you complete the below:Complete your PLUM Profile hereComplete a short one-way video interview hereApply to the role through our career site! When the application asks for your resume, instead upload a screenshot of your plum to show us you’ve completed it, we have full access to your entire profile from Plum and won’t use the screenshot but it’s a great reminder for each of you to have completed it. Alternatively you can submit a resume if you want, we just will not be relying on it when we assess you.We thank you all for your interest in Scotiabank! However, only those selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.**In order to be considered for student opportunities at Scotiabank and/or Tangerine, you must submit your PLUM Assessment and Video Interview. **Application due October 29th, 2021Location(s): Canada : Ontario : TorontoAs Canadas International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.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.Quick Apply

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