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VELOCITY – GBM Audit Associates – Winter 2021

Scotiabank

This is a Contract position in Toronto, ON posted November 2, 2020.

 

 

 

Requisition ID: 91478

 

Join the Global Community of Scotiabankers to help customers become better off.

 

 

Velocity Strategic Functions, Intern Development Program

4-Month Internship (January-April 2021)

 

 

Recruitment Timelines: 

Deadline to Apply: November 9, 2020

Video Interview and Plum Assessment: November 9, 2020

 

Why work for Scotiabank?

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 100,000 high-performing (and awesome) teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

 

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. Say hello to a career at Scotiabank.

 

Who are we? 

 

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) 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).

 

Key Accountabilities

 

  1. Assess the theoretical soundness of the market risk, counterparty risk, initial margin and other market risk valuation models
  2. Evaluate the models against the Bank’s policies surrounding model documentation, development, validation, approval, testing and implementation, as well as compliance of the OSFI’s E-23 and the FED’s SR11-7 regulations
  3. 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 team
  6. 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 Competencies

 

Soft Skills

  • Excellent communications skills with a focus on collaboration and team work
  • Strong analytical and problem solving skills with a proven record of creativity and innovation
  • Interest in programming and integrating different software tools
  • Strong interests in finance, capital markets, derivatives, and counterparty credit risk

 

Technical Skills

  • Experience in software development with exposure to SQL , Python, and Unix shell scripting
  • Experience in relational database design and application development using Java
  • Experience in the use of data analysis, reporting, and visualization tools (Cognos, Tableau, Power BI) 
  • Proficiency in manipulating large and complex data sets

 

Educational Requirements

You 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 required.

 

How To Apply:

 

For 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 campus programs we are no longer requiring resumes. Instead we ask that as part of your application, you complete the below:

 

  1. Complete your PLUM Profile Please click here!
  2. Save your PLUM Profile as a PDF.
  3. Complete a short one-way video interview: Video Interview 
  4. Apply to the role through our career site.
  5. Upload a PDF of your PLUM profile instead of your resume when applying.

 

We welcome all applications, but can only respond to candidates selected for an interview. Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates 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 the program you must submit your PLUM Assessment and Video Interview by no later than November 9, 2020.**

 

Location(s):  Canada : Ontario : Toronto 

As Canada’s 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.