Internal Audit Specialist

The Role

The Internal Audit Specialist works closely with the Director, Internal Audit to assist in accomplishing all aspects of the Internal Audit program, including but not limited to: adherence to annual audit charter & work plans, audit documentation, performing various department, process and branch audits, and assisting with required reporting. This position is part of a team that provides objective assurance to Management and the Board of Directors on the effectiveness of all controls to ensure key business risks are managed appropriately and that the systems of internal controls are operating effectively which includes the evaluation of internal controls, the application of risk reduction strategies and other governance activities to create value, stability and sustainability for the Credit Union.

To achieve these objectives, this position brings a systematic, disciplined and analytical approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Reviews all operational areas, business units, accounting procedures, credit processes, physical operations inspection, test staff knowledge, compliance and adherence to policy. Includes periodic travel to branch and corporate locations across Ontario

Contribute to the development, review and distribution of audit reporting to all business units and a summary of outstanding issues to the Audit Committee and Chief Leadership Team through the Vice President, Internal Audit

Responsible to ensure audit findings and recommendations are appropriate, timely and shared with business units. Ensures that all audit findings, exceptions and proposed adjustments in working papers, are adequately documented and reviewed by the Director, Internal Audit and Vice President, Internal Audit

Establish audit link with ERM by facilitating detailed process and internal controls registry

Contributes to the continual improvement of the Internal Audit program through staff education, staff awareness training and internal audit skill development as appropriate

Work with external auditors and regulatory bodies as directed by the Director, Internal Audit and as appropriate, to provide information, demonstrate internal control processes and assist in finalizing audit reports and documentation

Maintain awareness of changes to laws, regulations or guidance affecting the Credit Union

Recommend policies, procedures and programs stemming from Internal Audit findings to ensure Credit Union controls and processes continually improve

Responsible to ensure that audit activity is compliant with professional Audit and reporting standards, performance targets, budgets, mandate and timelines

Other duties as required

What we are looking for

Post-secondary degree/diploma in Accounting or Auditing, or an equivalent combination of education and experience

Minimum of two (2) plus years of related Internal Audit experience, preferably in a financial institution.

CIA, CPA or willing to pursue a CIA.

Understanding of compliance requirements and knowledge of financial services

Must have a valid Ontario driver's licence and reliable available vehicle

Must be bondable