The Role
Reporting to the Director, this position is responsible for the planning, fieldwork and reporting of audits and the delivery of high quality, professional and cost-effective audit services. This function adds value by providing independent assessments of internal control systems that safeguard the company’s assets using a risk-based approach. This role is also responsible for evaluating the effectiveness of the organization’s risk management, control & governance processes in order to identify risk exposures and internal control deficiencies.
In addition, the Internal Auditor will assist the Director as well as the Internal Audit team as a whole, by providing value-added advice and support to the business on policies, procedures, processes or services to ensure an appropriate level of internal control and compliance is maintained.
Plan and Execute Assigned Audits
- Participate in opening meetings with client to explain the scope and objectives of the audit and provide an overview of all steps in the audit process.
- Develop a thorough understanding of business processes in scope for assigned audits and document the processes.
- Establish scope of audit projects through communication and meetings with auditee.
- Responsible for preparing written communication and conduct meetings with auditee management.
- Carry out engagement plan to deliver quality results on time and within budget.
Evaluate the Risks being Managed by Business Units
Conduct meetings with management to discuss and understand the key controls within the business process(es) being audited.Document the processes through a narrative and / or flow chart.Identify and document risks and controls for the processes within the audit scope.Develop and assess tests of controls, evaluate and document the results of testing.Prepare Audit Reports and Make Recommendations for Improvement
Assist in the preparation of concise and informative audit reports to effectively communicate the findings and recommendations to the department to improve risk management practices.Continuous Professional Development & Expansion of Business Knowledge
Maintain ongoing communication with management in the business areas around key business changes or significant issues faced by management, especially regarding their impact on the control environment.Keep abreast, through reading / participation / attendance at industry events regarding legislative requirements, industry guidelines or trends that impact MCAP businesses.Present and communicate to management regarding the role of Internal Audit and the positive impact on MCAP businesses.Develops and maintains effective and professional working relationships with all levels of staff within the organization.What You Bring To The Team
Minimum of 1-2 years’ experience in audit, finance or accountingKnowledge of financial institutions, mortgage servicing and lending industry.Some knowledge / awareness of risk-based auditing, control frameworks, and risk management techniques.Understanding of operational and financial controls within the MCAP businesses.Ability to understand business processes and their risk implications, analyze business situations, reach appropriate conclusions, and make value-added and practical recommendations.Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization.Results oriented with the ability to balance multiple priorities and projects in a fast-paced environment.Proficient with Outlook, Word, Excel, PowerPoint and Visio.Well-developed organizational skills with the ability to prioritize multiple assignments.Strong analytical and problem-solving skills.Strong customer service skills with the proven ability to foster and build relationships.Ability to stand firm on difficult issues when required.Logical approach to identifying and evaluating issues and problem solving.Self-driven, motivated with the ability to work independently and in a team environment.Promotes and applies professional ethics, acts with integrity and takes responsibility for actions.Embraces change and drives improvement & innovation.University Degree or College DiplomaDesirable to have, or be working towards, an auditing designation (CIA, CISA