Senior Manager, Internal Audit
Job Description

Position Responsibilities

Risk Management & Compliance, in adhering to applicable compliance obligations, including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements, must remain the over-arching focus in carrying out one’s responsibilities as outlined below:

 

Audit Project Planning and Execution (65%)

 

Perform or oversee the following:

  • Development of risk control matrices (RCM’s) to summarize and assess the key risks, control objectives, control activities, and related test procedures.
  • Design and execution of walkthroughs to assess the design and operating effectiveness of key control processes.
  • Design and guide the execution of test plans to assess operating effectiveness of control processes.
  • Understand current risk management and control activities through review of documented internal policies and procedures, and performance and documentation of end-to-end process walkthroughs.
  • Identify, assess and document the root causes of material risk management and control weaknesses.
  • Validate audit findings and observations with the Businesses.
  • Prepare and review working paper documentation in compliance with the internal audit methodology.
  • Document clear, concise and objective audit findings and observations on the results of audits, including recommendations that add value to the business.
  • Follow-up on outstanding findings to assess timeliness and appropriateness of actions taken by management.

 

Reporting (10%)

  • Prepare clear, concise and objective reports on the results of audit project activities to be provided to line management, senior management and the Audit Committee.

 

Teamwork (15%)

  • Provide assistance to the Internal Audit management team in supporting group activities and quarterly and annual reporting processes.
  • Develop and maintain effective working relationships with Internal Audit team members, other control and corporate functions, senior management and other stakeholders.
  • Manage the development of assigned internal audit staff.

 

Training (5%) (minimum of 50 hours annually)

  • Maintain knowledge of emerging issues in the regulatory and external environments to support internal audit advice and recommendations and share with the internal audit team.
  • Maintain current knowledge of audit standards, tools and techniques.
  • Maintain current knowledge of business developments for areas of audit responsibility.
  • Lead team development activities, including the acquisition and sharing of information with other internal audit staff.

 

Special Projects (5%)

  • Lead advisory reviews, special investigations or due diligence reviews as assigned.




Job Requirements

Formal Education

  • Bachelor's degree required in Business, Economics or equivalent
  • Certification(s)/Designation(s) preferred in related area (CA, CGA, CMA or equivalent)

Related Experience

  • Minimum of 8-10 years’ of experience in auditing Finance, Treasury, or ERM functions within a regulated Canadian Financial Institution;
  • Strong preference will be given to candidates with audit experience with Financial Institutions in the residential or commercial mortgage lending business.
  • Knowledge of the regulatory environment and expectations within the Canadian financial services industry (ie. OSFI, FINTRAC, AML, FCAC)




Company Overview

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