Audit Manager, IT Applications

BMO•Chicago, IL

1d•$74,000 - $138,000•Hybrid

About The Position

Conducts audit engagements to critically assess management and internal control processes, approving the nature, extent and timing of the audit, its execution and the formulation of insightful audit reports. Reports on audits to provide clear, concise and memorable insights on issues and potential issues to assist management in fulfilling mandates. This work provides vital assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company. This work is instrumental in identifying unacceptable/high risk circumstances that could lead to material impact on profitability or reputation. Provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation. Provides strategic input into business decisions as a trusted advisor. Meets regularly with business /group stakeholders to identify, changing strategies, tactics, and initiatives across the business group/corporate area and critically evaluate and direct changes to the nature, extent and timing of the audit and related procedures. Manage relationships with auditees supporting the audits. Provides “big picture” insights based upon knowledge and research enhancing the Division’s value proposition with senior leadership and business groups. Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour. Where appropriate, hires, onboard and train new team members. Continues to develop a highly engaged team with specialised expertise. Ensures work is executed well in accordance with the Audit's standards and that their judgments are sound, well documented and repeatable. Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks. This may encompass individual audits and broader capstone audits of Enterprise level functions/processes. Conducts advisory engagements and other engagements as required. Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services. Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment. Utilizes data analytics in advisory engagements to improve quality and efficiencies. Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes. Maintains the independence of the audit practice and its personnel. Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed. Deliverables must be objective, clear, concise and timely. Identifies control deficiencies and provides a fair and balanced assessment of their magnitude. Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment. Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by it’s Quality Assurance program and/or regulatory examination results. Applies sound judgement in the execution of the assigned work and ensures open lines of communication. Develops and maintains good working relations with key stakeholders. Actively monitors change management initiatives and identifies potential risks. Actively participates and supports Corporate Audit change initiatives. Maintains and enhances professional audit qualifications in line with industry standards. Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders. Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine. Implements changes in response to shifting trends. Broader work or accountabilities may be assigned as needed.

Requirements

Typically, between 5+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Require prior experience auditing IT Applications / IT Infrastructure / Information and Cyber Security controls.
Professional designations or business designations such as CIA, CPA-Audit, CISA.
Deep knowledge and technical proficiency gained through extensive education coupled with business experience with financial institutions and/or accounting/consulting/advisory firms.
Verbal & written communication skills - In-depth / Expert.
Collaboration & team skills - In-depth / Expert.
Critical thinking, analytical and problem-solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.
Data driven decision making - In-depth.

Nice To Haves

Knowledge and experience with Data Governance and Data Management audits is an asset.
Knowledge and experience with use of AI tools to perform audits and research is an asset.

Responsibilities

Conducts audit engagements to critically assess management and internal control processes.
Approves the nature, extent and timing of the audit, its execution and the formulation of insightful audit reports.
Reports on audits to provide clear, concise and memorable insights on issues and potential issues to assist management in fulfilling mandates.
Provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.
Provides strategic input into business decisions as a trusted advisor.
Meets regularly with business /group stakeholders to identify, changing strategies, tactics, and initiatives across the business group/corporate area and critically evaluate and direct changes to the nature, extent and timing of the audit and related procedures.
Manage relationships with auditees supporting the audits.
Provides “big picture” insights based upon knowledge and research enhancing the Division’s value proposition with senior leadership and business groups.
Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour.
Hires, onboard and train new team members.
Continues to develop a highly engaged team with specialised expertise.
Ensures work is executed well in accordance with the Audit's standards and that their judgments are sound, well documented and repeatable.
Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks.
Conducts advisory engagements and other engagements as required.
Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services.
Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment.
Utilizes data analytics in advisory engagements to improve quality and efficiencies.
Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes.
Maintains the independence of the audit practice and its personnel.
Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed.
Identifies control deficiencies and provides a fair and balanced assessment of their magnitude.
Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment.
Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by it’s Quality Assurance program and/or regulatory examination results.
Applies sound judgement in the execution of the assigned work and ensures open lines of communication.
Develops and maintains good working relations with key stakeholders.
Actively monitors change management initiatives and identifies potential risks.
Actively participates and supports Corporate Audit change initiatives.
Maintains and enhances professional audit qualifications in line with industry standards.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.