Senior Internal Auditor

About Us

The Ontario Cannabis Store provides safe, responsible access to recreational cannabis for adults 19 and older. We operate the sole legal online store for recreational cannabis in Ontario and are the provincial wholesaler of cannabis for private retail stores.

Working at the OCS is a unique opportunity to be part of an agile start-up in a ground-breaking new industry. We're a diverse team passionate about delivering a great customer experience, working together with mutual respect and building value out of our differences. We're an inclusive organization that understands that delivering great results comes out of ensuring every voice is heard.

About the Role

We're looking for a Senior Internal Auditor to join our team. The Senior Internal Auditor plays a critical role in executing the Internal Audit Strategy and the annual Internal Audit Workplan by delivering high-quality, risk-based assurance and advisory services. This position is responsible for independently planning and executing complex audits, evaluating the effectiveness of internal controls, and ensuring compliance with applicable policies, legislation, and regulatory requirements.

The Senior Internal Auditor applies sound professional judgment and institutional knowledge to identify areas for improvement, provide practical recommendations, and support the organization's strategic priorities. The role also contributes to audit planning, quality assurance, and readiness for external reviews in alignment with evolving internal audit standards.

About Your Day

• Contribute to the development of the annual Internal Audit Workplan by participating in planning discussions and identifying key risk areas.
• Independently plan and execute complex audits, including developing audit procedures and evaluating the effectiveness of internal controls.
• Assess whether risks are appropriately mitigated or transferred and evaluate the execution of controls.
• Prepare audit reports for Senior Management and the Board of Directors on achieving control outcomes.
• Ensure all audit work complies with professional standards set by the Institute of Internal Auditors (IIA) and, where applicable, the Office of the Ontario Auditor General.
• Support the achievement of the Internal Audit Strategy by aligning audit engagements with strategic priorities and emerging risks.
• Contribute to the development and refinement of audit methodologies, tools, and practices to enhance audit efficiency and effectiveness.
• Conduct jurisdictional and industry research to benchmark control practices and identify cost-effective technologies and processes.
• Provide recommendations that align with OCS' strategic goals and support improvements in efficiency, effectiveness, and role clarity.
• Apply strong analytical and problem-solving skills to deliver evidence-based insights that inform audit recommendations.
• Draft clear, actionable recommendations to improve the control environment and manage risks within acceptable levels.
• Communicate audit findings and recommendations to management, incorporating feedback to refine observations.
• Prepare reports for complex audits, ensuring recommendations reflect the complexity and strategic importance of the audit area.
• Demonstrate strong written communication skills to support effective reporting and stakeholder engagement.
• Present audit findings and recommendations to Senior Management, the Board of Directors, and external stakeholders such as the Ministry of Finance and the Office of the Auditor General.
• Follow up on management action plans to assess implementation and effectiveness, including evaluating the timeliness and quality of corrective actions.
• Report any deficiencies or unresolved issues to senior leadership, ensuring accountability and continuous improvement.

About You

• Post secondary education or equivalent experience, Business specialty is preferred.
• 5 years in an internal or external audit environment with progressive experiences.
• Public Sector experience is an asset.
• Willingness to work towards a professional designation(s).
• Chartered Professional Accountant (CPA), or related designations (Chartered Management Accountant (CMA), Certified General Accountant (CGA), and/or Charted Accountant (CA), Certified Internal Auditor (CIA)).
• Strong knowledge of internal audit principles, methodologies, and professional standards, including those set by the Institute of Internal Auditors (IIA) and, where applicable, the Office of the Auditor General of Ontario.
• Sound professional judgment and critical thinking skills to identify control issues, determine root causes, assess risk impact, and develop practical, risk-based recommendations.
• Effective verbal communication skills to clearly present audit observations, recommendations, and action plans to management and stakeholders, fostering constructive dialogue and resolution.
• Proficiency in data analytics tools and techniques (e.g., Excel, ACL, Power BI) to enhance audit testing, identify trends, and support data-driven insights is preferred.
• Understanding of IT audit principles and controls, including general IT controls (ITGCs), application controls, and cybersecurity risks is an asset.

About the Job

• Location: Toronto, ON near York Mills and Yonge Street
• Hours of Work: 36.25 a week
• Employment Type: Contract Full-Time
• Required Travel: Rare, usually within the GTA

Compensation

The target hiring range for this position is $90,000- $100,000. This is a pay grade 6 role, with a salary range of $
71, $107, Placement in the salary range will be based on factors such as market conditions, internal equity, and candidate experience, skills, and qualifications relevant to the role.

We are committed to providing an accessible, equitable and inclusive candidate and employee experience. We provide reasonable accommodation throughout the recruitment process and in employment. If you require an accommodation please let us know, we will work with you to meet your needs.