Job title: Sr. Auditor
Company: ProViso Consulting
Job description: Story Behind the Need:
- Business group: Model, Data and Artificial Intelligence Audit 2 – part of Audit team overall (450+ employees); within Audit there are specialty groups – this group focuses on audits focused on data risk, model risk and AI risk – this specific project is related to the model risk
- Project: IRB (Internal Rating Based) Adoption Project requires assessment and validation of Models developed by RMAS (Retail Model and Analytics Strategy team) team by Audit. This is additional task to be performed by Audit to ensure appropriate submission to OSFI. This is additional to planned audit work so need to ensure this is done in a timely manner hence the need for the contractors.
Candidate Value Proposition:
- The successful candidate will have the opportunity to gain exposure to regulatory requirements, work with the regulatory capital models, and work on a high visibility audit project for a top 5 Canadian Bank.
Typical Day in Role:
- Conduct audits as Team Participate or sometimes as Office in Charge (OIC) (for less complex projects) to assess the design and operating effectiveness of model risk management and controls, and ensure business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.
- Executes assigned audit activities independently as a team member under the direction of the OIC on assignments. This includes a thorough understanding of the business/unit/process and associated risks, completion of audit procedures and testing, discussions with management and documentation of work performed.
- Delivers end-to-end audit execution process within scheduled timeline and ensures nature and extent of testing is appropriate to support the objective, scope and overall opinion.
- Ensures audit findings and results are gathered and timely communicated with identified root cause, associated impact, audit recommendations and management actions that address the root cause. Ensures audit issues/reports are written with a consistent high standard, audit steps/results are clearly documented, and corrective action/progress against any reported issues are tracked and updated.
- Manage self-development by confirming/communicating job expectations, identifying mentors/coaches and enquiring about training needs, ensuring timely completion of performance appraisals and manages assigned staff.
- Creates an environment in which his/her team 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, cyber security and conduct risk.
Candidate Requirements/Must Have Skills:
- 8+ years of experience of relevant working experience, with 3+ years in the Audit function
- 3+ years of work experience in Credit and Fraud Risk management, specifically with experience in risk strategy and model development
- Understanding of and experience in retail and Business Banking Credit Risk AIRB parameters (PD, LGD, EAD)
Nice-To-Have Skills:
- 3+ years of relevant experience in Data Analytics, Advanced Analytics, Predictive Modelling and Artificial Intelligence and Machine Learning.
- Strong knowledge of/experience with modelling techniques and statistical tests and tools (SQL, SAS, R, Python etc.)
Soft Skills Required:
- Developed interpersonal and communication skills (verbal and written) to work with staff and management at various levels.
- Ability to work on multiple projects at any given time and work in high levels of ambiguity and changing environment.
Education:
- Degree in STEM area such as Math, Statistics, Economics, Business etc.
Best VS. Average Candidate:
- Best is strong with Credit and Fraud Risk management and experienced with risk strategy and model development.
- Good would have strong audit experience and worked on credit risk audits. Strong communication skills are key.
- Incumbent will be dealing with a lot of details and has to be able to communicate those details in a clear and concise way to stakeholders, and have to be able to work with them if they push back and manage those expectations with minimal hand holding.
Candidate Review & Selection:
- 1 panel MS Teams Video interview – HM with another Director – 45 minutes – assessing experience in areas mentioned, mix of behavioral and technical questions
- Possible 2nd if needed as tie breaker
Job Details13077Contract3 monthsToronto
Expected salary:
Location: Toronto, ON
Job date: Wed, 19 Mar 2025 23:02:53 GMT
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