Typical Day in Role:
Auditing and Execution
• Execute assigned audit activities independently as a team member.
• Works with other audit teams as required.
• Carry out specific projects.
• Assess controls across the First Line of Defense, including financial controls, regulatory obligations, policies and procedures, underwriting, systems, and fraud management.
• Determine the efficiency, effectiveness, integrity, and reliability of internal controls in relation to defined control requirements, employing data analytics to support conclusions, where applicable.
• Ensures audit results are gathered and determines the root cause of the problem.
• Prepares audit results and findings for presentation to management. Follows-up for corrective action/progress against any reported issues.
• Ensures relevant information that impacts other audit function areas is shared.
•Execute and manage assigned activities independently in accordance with the Department Standards ensuring audit testing is sufficient and appropriate to support the audit opinion.
•Document all audit work performed to ensure appropriate working papers are maintained and conform to department standards.
• Ensure company standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments. Builds and maintains strong relationships with internal stakeholders as required.
Problem Identification
• Identify and assess materiality of control weaknesses ensuring facts are gathered and determine the root cause of the problem impact, prepare / review audit findings, as applicable.
Reporting/Communication
• Draft audit findings and correspondence to management. Ensure writing is clear, concise, and accurate.
• Present and discuss findings and progress with management, as required.
• Perform and document audit issue tracking and testing.
• Develop and maintain good relationships with key auditee and business line management.
Candidate Requirements/Must Have Skills:
1) 10+ years in Retail Banking, Audit, Regulatory body, or related experience
2) Strong recent experience with key regulations including SOX (non-IT) and AML controls.
3) 2+ years’ experience with data analytics or visualization tools (e.g., Alteryx, PowerBI, Python) with larger data sets
Nice-To-Have Skills:
1) Accounting designations / technical / professional qualifications, university/post-secondary degree in business, finance, economics, accountancy, or any other relevant experience (e.g., First Line testing, QAR, Audit, Compliance) would be an asset.
2) Knowledge of audit processes and methodologies is preferable.
3) Hands-on experience with underwriting, funding for reviews of files and applications to ensure policies and procedures are adhered to
4) Understanding of lending – retail and/or commercial
5) Understanding of operational processes
Soft Skills Required:
• Proven history of presenting to large stakeholder groups.
• Excellent communication skills
• Strong strategic, analytical, problem-solving, and critical thinking skills.
• A self-starter / takes initiative, deals well with ambiguity, is detail oriented.
• Highly organized, ability to work in a dynamic and fast paced environment.
• Strong people skills, including relationship building with clients.
• Curiosity mindset.
• Ability to write clearly and concisely.
Education:
Accounting designations / technical / professional qualifications, university/post-secondary degree in business, finance, economics, accountancy an asset though will accept relevant working experience instead