Senior Manager - Internal Audit (Bank)

SQUALUS GROUP•Markham, ON

About The Position

The Senior Manager - Internal Audit is a co-lead position focused on fulfilling the responsibilities of the internal audit function. This person reports to the Chief Internal Auditor. The role's primary objective is to provide independent and objective assurance to the bank's management regarding the effectiveness of risk assessment and management, controls, operational procedures, and processes. This is achieved through conducting review and audit examinations to identify areas of weakness and make constructive, value-added recommendations for improving the bank’s risk management and operational processes.

Requirements

University degree in business management and finance.
5+ years of experience in a senior position working in a bank internal audit department or equivalent.
Solid knowledge of Canadian banking operations.
Solid knowledge of Canadian regulatory requirements.
Excellent communication skills in reporting, writing, and presentation.

Nice To Haves

CIA is preferred

Responsibilities

Assist in developing a work plan to identify audit entities and confirm the completeness of the audit universe.
Perform risk assessments of audit entities according to corporate policies and regulatory guidelines.
Develop and enhance risk assessment methodology for scope, extent, and determination of audit resource allocation.
Plan audit activities and monitor their progress dynamically.
Lead and guide the audit team in performing audit assignments, providing ongoing training, education, and mentorship.
Provide assistance in the recruitment of new auditors.
Review the work of the audit team, determine its sufficiency to fulfill the internal audit mission, and advise the team for improvement.
Issue audit reports including audit findings and recommendations for rectification, responses from auditee management, senior management, and the audit committee of the board.
Review with auditee management to ensure all recommendations are being followed up.
Maintain constant dialogue with senior management and auditees to gain up-to-date information on the bank’s strategy, risk appetite, and existing/imminent risk exposures to help direct and expand audit focus.
Participate in various management meetings, when needed.
Participate in quarterly audit committee meetings, when needed.