This job offer is no longer available
About
Key Responsibilities & Accountabilities
Lead end-to-end audit projects, including large complex audit projects, either independently or by overseeing other team members. Includes all aspects of Audit Engagement such as Audit Planning (also Risks Assessments), Fieldwork (including meeting documentation standards as per IIA), Issue Discussions, Reporting, Post Audit Issue Follow Up, Issue Validation
Maintain in-depth audit and business knowledge and act as a SME in promoting ongoing assessment of Bank' processes with regulatory expectations, and industry best practices and standards.
Thorough understanding and experience of first line Audit projects such as deposits and lending activities specifically as it relates to residential and commercial real estate, capital, liquidity.
Thorough understanding and experience of second line Audit projects related to monitoring and oversight provided by the second line. Risk Management and Compliance with applicable regulatory obligations, including Third Party Risk, Privacy, Anti-Money Laundering/Anti-Terrorist Financing, and Fraud Policy requirements,
Undertake Audit Engagement Planning, Execution, and Reporting, Post-Audit Issue Follow ups, Administrative and Management Reporting Activities
Undertake assessments of risks, control environments and apply the results in day to day audits
Lead the planning, execution, and reporting of assigned audits
Develop risk control matrices to summarize and assess the key risks, control objectives, and control activities and related test procedures
Conduct and document end to end walkthroughs to assess the design effectiveness of key control activities and alignment with internal and external requirements
Design and perform or guide the execution of test plans to assess operating effectiveness of control activities
Ensure working paper documentation quality in accordance with IIA standards.
Identify, assess, and document the root causes of any identified risk management control weaknesses
Validate audit findings with the auditee
Document clear, concise, and objective audit findings on the results of audit engagements, including recommendations that add value to the company
In addition, to the audit findings, also have a mindset of suggesting solutions that result in operational efficiencies through time and cost savings
Prepare clear, concise and objective internal audit reports and lead audit closing meetings with management
Timely follow up and validate actions taken by management to remediate audit findings to ensure that they are effectively designed and appropriately implemented.
Assist the Director and/ or Chief Internal Auditor in the preparation of periodic reports to the Audit Committee, senior management, CEO and the Parent Bank
Develop and maintain effective working relationships with Internal Audit team members, other control and oversight functions, senior management and other stakeholders
Identify and assess the impact on Audits of emerging issues in the regulatory and external environments to support internal audit engagements
Maintain and share current and acquired knowledge of audit standards, tools and techniques
Ensure completion of all company-wide regulatory, compliance and risk management training Special Projects
Act as the SME on special projects and company-wide initiatives, as assigned by the Director and/ or Chief Internal Auditor
Support the Director and/ or Chief Internal Auditor as required in special projects and ad-hoc request from the Board and/or Audit Committee, senior management, CEO (i.e. investigations, data analytics)
Assist the Chief Internal Auditor/ Director in the development and coordination of the Bank's internal audit activities including annual audit plan based on risk assessment
Assist Outsourced Internal Auditors and Parent Bank auditors in conducting audits
Coordinate with the Bank's External Auditor with respect to the assessment of controls
Assist regulators in conducting examinations
Design and manage banking system (AITHER) audits (Head Office) including updates and amendments of audit items
Monitor changes in the Bank's policies, procedures, systems and regulatory requirements
Communicate with the Parent Bank Internal Audit Department
Maintain Branch Internal Audit
Conduct annual self-assessments and follow up with the Quality Assessment Improvement Program and participate in external quality assessments and reviews
Job Requirements
Education and Professional Requirements
Bachelor's Degree in accounting, finance, business, risk management, auditing or other related field required and/or MBA
CPA or CIA or an equivalent designation
Work Experience Requirements:
5-10 years of experience, ideally in the areas of audit in financial services
Experience in auditing of Banks preferred
Excellent research, critical analysis, investigative and organizational skills
Strong knowledge of risk assessments, control environments and application of techniques in day to day audits
Excellent verbal and written communication skills, including well developed listening and negotiation skills
Strong stakeholder management and engagement, with ability to deal with conflicting points of view and to effect creative and responsive solutions
Proven experience in executive level reporting, with advanced analytics capability
Experience in audit methodologies and risk management principles applicable to a financial institution
Knowledge of the regulatory environment and expectations within the Canadian financial services industry (i.e. OSFI, FINTRAC, FCAC)
• Strong preference given to individuals with end-to-end residential and commercial mortgage lending experience in the first and second lines.
Languages
- English
Notice for Users
This job was posted by one of our partners. You can view the original job source here.