Senior Manager, Internal Audit

We are currently seeking a Senior Manager, Internal Audit to join our team.

The Senior Manager, Internal Audit leads delivery of audit projects, actively contributes to design and development of various department initiatives and contributes to the development of peers by providing direction and coaching on projects.

The Senior Manager closely collaborates with the Director Internal Audit and the Director, Special Audits & Initiatives, to deliver on internal audit responsibilities and supports the Internal Audit Directors to execute and manage a portfolio of assurance, consulting, and other value-add engagements as per the annual audit plan with the primary focus of evaluating and improving the effectiveness of First West Credit Union’s risk management, internal controls and governance processes.

This role actively contributes to development of the continuous audit program and multi-year audit plan. The Senior Manager interacts directly with stakeholders at all levels throughout First West and provides a high level of professional service in line with the Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing, the Definition of Internal Auditing, and the Code of Ethics ( IIA Standards ).

Here’s what would be included as a part of your typical day

Leadership : Provides ongoing training and development, knowledge sharing, coaching, and mentoring to internal audit peers through delivery of assigned portfolio of audit engagements and continuous improvement initiatives for the Internal Audit department.

Assists the Internal Audit Directors in implementing strategic initiatives and leads and drives changes to improve internal audit programs, processes, and methodologies.

Provides leadership and direction to assigned Internal Audit staff including recruitment, ongoing training and development, knowledge-sharing, coaching, goal-setting and performance management.

Audit Engagement Management and Delivery : Manages the day-to-day operations of assigned team in executing a portfolio of engagements as per the audit plan.

Guides the team to plan the objectives and scope for comprehensive assurance and consulting engagements using a risk-based approach.

Reviews files to ensure sufficient work was completed and evidence obtained to meet the objectives of the engagement. Guides the team to design and develop risk-based audit programs and related procedures for applicable areas in the audit universe.

Enhances audit programs to incorporate changing processes, legislation, and emerging risks. Leads and / or assists a team of internal auditors to complete complex engagements or executes complex parts thereof.

Reporting and Communication : Actively contributes to creation of audit communications and coaches team members to ensure observations, as well as related root causes, risks, and recommendations, are appropriately identified and will contribute to enhancing and protecting the credit union.

Engages stakeholders in a diplomatic and tactful manner, in discussions of complex and sensitive issues, audit observations, and recommendations.

Facilitates and ensures open communication with IA team, employees, management, external auditors, regulators, and other organizational partners.

Delivery of Internal Audit Function : Contributes to managing and updating the audit universe, as well as performing risk assessments and developing an audit plan, by staying current with First West’s strategic priorities, governance and risk management processes, business operations, risk environment and major projects, as well as changing regulations, and emerging risks.

Contributes to development, expansion, and delivery of continuous audit program. Provides advice, without compromising individual or functional independence and objectivity, on risk management and internal control processes and recommends process improvements to mitigate risk to First West.

Quality Assurance and Improvement Program : Contributes to the Internal Audit team’s adherence to the IIA Standards, and departmental quality standards, policies and procedures through its quality assurance and improvement program (QAIP).

Keeps abreast of industry and professional regulations, and leading practices and methodologies, latest trends, and technologies, and uses the knowledge to drive changes to improve the department’s effectiveness and efficiency.

Required Skills, Experience & Qualifications

• Bachelor’s degree in business administration, IT or equivalent required; masters preferred
• Accounting Designation (CPA) or Audit designation (CIA) required
• Specialized professional certifications (. CRISC, CISA, FRM / PRM, CFSA, CRMA, CAMS, CFE, required
• 7 years of auditing and / or risk management experience covering a wide range of areas, such as finance, treasury, operations, IT general controls and regulatory compliance, among others required
• Demonstrated experience contributing to development of continuous assurance / monitoring audit approaches leveraging data analytics and data visualization required
• 3 years of leadership experience required
• Financial services or regulated entity experience strongly preferred
• Strong leadership skills with the ability to coach and develop a high-performing team.
• Strong relationship development skills to influence and motivate others.
• Strong written and verbal communication skills, with the ability to interact effectively and build long-term relationships with a wide variety of stakeholders
• Strong business acumen to translate audit observations to meaningful business consequences.
• Strong analytical and problem-solving skills, with the ability to effectively process a large volume of information, complex issues and / or uncertainty, draw meaningful and persuasive conclusions, and develop creative and practical recommendations to improve the overall effectiveness and efficiency of the organization
• Advanced level knowledge of internal controls, risk management and risk-based auditing concepts, techniques, practices, standards, and frameworks (.

COSO, ISO 31000, COBIT, , as well as the IIA Standards.

• Advanced knowledge of relevant regulatory requirements (. BCFSA or OSFI regulations)
• Digital literacy as both a user of technology and knowledge of information technology governance, risk, and controls.
• Data fluency demonstrated through ability to use, explore, analyze, interpret, and communicate data to drive decision making
• Advanced knowledge of information technology, data security, cybersecurity risks and methods of mitigation highly desired
• Strong project and time management skills; ability to manage multiple engagements simultaneously, juggle priorities, work under pressure and meet deadlines
• Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.

Pay Transparency Salary Range : $97,600 - $125,100 Please note, the salary range mentioned in this job posting should serve as a guide.

The final compensation offered may vary based on a variety of factors including bonuses and / or incentives, or a candidate’s skills and experience.

First West is committed to providing a fair, equitable, and competitive rewards package that reflects the value an individual brings to our organization.