Senior Manager, Audit Services (Technology/Investments))

Ontario Teachers' Pension Plan • Toronto, ON

1d • Hybrid

About The Position

The Senior Manager, Audit Services is responsible for enhancing and protecting Ontario Teachers’ organizational value and reputation, and to improve its operations by providing risk-based, independent, and objective assurance, advice and insight. The position has significant direct interactions with senior executives throughout Ontario Teachers’ and their work will inform the Chief Executive Officer and the Audit & Actuarial Committee on the design and effectiveness of established risk management, control, and governance processes.

Requirements

• Professional designation (CPA, CIA, CISA or CFA ) or equivalent international accreditation/designation.
• 10+ years of auditing and related experience.
• Undergraduate degree in related field: B.Comm, BBA, B.Acc.
• Expert knowledge of audit techniques, including evaluation of internal controls, design of questionnaires, sampling, flow charting, tests of internal controls, and detailed substantive tests.
• Thorough knowledge of the financial services industry with experience through direct employment, external auditing or consulting.
• Thorough knowledge of Technology or Investments, including complex investment strategies and complex investment products including derivatives, hedge funds, fixed income, publicly traded equities and private equities.
• Good understanding of information technology and system based controls in order to perform select IT auditing procedures in the Investment, Member Services, and Corporate areas.
• Understanding of actuarial valuation principles, and pension industry and related legislation, policy and regulations.
• 5-6 years of auditing and related experience if CPA or CIA designation holder (experience may have been gained while attaining the designation)
• 10+ years of auditing and related experience if no CPA, CIA or Master’s Degree

Nice To Haves

• Master’s degree in a related field an asset (e.g. MBA, MQF).
• Knowledge of analytical audit software is desirable (PowerBI, ACL, IDEA or MKinsight).

Responsibilities

• Plan, organize, and establish audit objectives, priorities, methodology and procedures, including the preparation of the annual audit risk assessment.
• Independently plan and coordinate the completion of a set of projects on the annual audit plan, ensuring all audits are executed, documented, communicated and action items agreed within a 12-month period.
• Prepare work plans, programs and resource requirements for their assigned audits.
• Build individual capability to perform data analytics and propose ways to apply learned skills to improve the quality of assigned audits.
• Conduct reviews and audits by researching best practices, examining business processes and related risks, operations and work activities, identify issues and opportunities, research root causes and recommend corrective actions.
• Present and discuss findings and action items with the Director, Audit Services and Ontario Teachers’ executives.
• Ensure that action items are thoughtful, relevant, constructive, actionable and address the root causes of the issues identified.
• Prepare audit reports for Ontario Teachers’ executives and the Audit & Actuarial Committee containing the audit scope, process, findings, action items and ensure that action items are carefully considered by management through ongoing consultation following audit.
• Prepare and/or review audit documentation in accordance with audit objectives and quality standards for review by the Director, Audit Services.
• Evaluate internal client response to audit reports and advise the Director, Audit Services as to appropriateness.
• Follow-up on management’s responses to previous Audit Services Department reports, external auditor recommendations, and external actuary recommendations for Audit & Actuarial Committee.
• Research and develop audit approaches and techniques to ensure continued applicability to the risks and controls of the business.
• Maintain a sufficient and current understanding of the entire organization and the underlying risks in order to provide significant input during the annual audit risk assessment.
• Evaluate and advise prospective business initiatives and new investment opportunities from a controls and governance perspective and provide recommendations as appropriate.
• Maintain ongoing contacts and participate in discussions with peers in the auditing community to ensure awareness of developments in audit approaches.
• Attend appropriate professional development conferences and seminars.
• Keep abreast of industry best practices, including investment, accounting, valuation, and pension pronouncements.
• Consult on various special projects as required.

Benefits

• Comprehensive employer paid benefits coverage
• Retirement income through a defined benefit pension plan
• The opportunity to invest back into the fund through our Deferred Incentive Program
• A flexible work environment combining in office collaboration and remote working
• Competitive time off
• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year
• Employee discount programs including Edvantage and Perkopolis

What This Job Offers

• Job Type: Full-time
• Career Level: Senior