Internal Auditor

Company Overview

IC Savings is a credit union that focuses on bringing the benefits of co-operative banking to its over 21,000 personal and business members, whether online, by mobile or in branch at its eight locations in the Greater Toronto Area. To learn more, visit www.icsavings.ca.

Position Overview

As the Internal Auditor, you are responsible for facilitating a systematic and ongoing internal evaluation of risk management, internal controls, and governance processes. You will lead, plan, and execute internal audits of various departments of the organization, and provide recommendations for improvements to enhance the effectiveness of internal controls. You will monitor policies, review procedures, and controls designed to safeguard the assets of the credit union and the financial dealings of its members and recommend areas of improvement.

What You Will Do:

Your key responsibilities and accountabilities include:

• Develop and enhance internal audit program for the credit union.
• Lead and independently conduct internal audits.
• Prepare audit reports with findings and recommendations.
• Verify compliance with prescribed regulations, policies, and procedures.
• Identify opportunities to improve existing policies, procedures, and processes.
• Communicate audit findings to the business leaders for review and discussion, recommend corrective action and process improvements.
• Recommend solutions to mitigate risks through enhancement of internal controls.
• Prepare relevant reports for regulators as and when required.
• Maintain awareness of emerging issues in the regulatory environment.
• As a trusted business partner deliver audit training to business leaders.

Skill and Knowledge Requirements:

• Post secondary education in business, finance, or similar field required.
• CPA designation strongly preferred.
• 5+ years of experience as an internal or external auditor in the financial sector required.
• Experience working with FSRA (Financial Services Regulatory Authority of Ontario) required.
• Strong working knowledge of governance, risk, control frameworks, and audit methodologies.
• Demonstrated ability to work effectively with all levels within the organization, including senior management, and external auditors and regulators.
• Certified Internal Auditor (CIA) designation required.
• Strong analytical skills with ability to understand various operations and assess the effectiveness of controls with the ability to apply audit concepts to various functional areas.
• Strong project management skills demonstrated by ability to complete multiple projects with competing priorities while meeting deadlines.
• Effective communication skills, both verbal and written, including experience drafting formal audit reports
• Self-motivation with a passion to learn and embrace new challenges.
• Proficiency in Microsoft Applications, with strong proficiency in Excel required.

Working Conditions/Physical Effort

• Professional, team oriented, office environment.
• Standard corporate business hours based on 37.5-hour work week from Monday to Friday from 9 am to 5 pm; ability to work overtime, if required.
• The physical demands are representative of those that must be met by being able to successfully perform the essential functions of the job; these include, but are not limited to sitting, considerable use of computer and phone, and seldom moving of items up to 25 pounds in weight.

How to Apply

If you think you have what it takes to be a successful member of our team, please submit your resumé.

IC Savings is committed to accommodating people with disabilities as part of our hiring process. If you have special requirements, please advise Human Resources during the recruitment process.

IC Savings has implemented Covid-19 vaccination policy, requesting all employees, including new hires, to be fully vaccinated. The requirement to be fully vaccinated is subject to the Ontario Human Rights Code, and the Company will provide suitable accommodation, whenever possible, to individuals who cannot be vaccinated due to disability or other grounds protected by the Code.

While we thank all applicants for their interest, only those selected for an interview will be contacted.

Job Type: Full-time

Benefits:

• Company events
• Dental care
• Disability insurance
• Employee assistance program
• Extended health care
• Life insurance
• On-site gym
• Paid time off
• RRSP match
• Store discount
• Vision care

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Etobicoke, ON M9B 1B2: reliably commute or plan to relocate before starting work (required)

Experience:

• as an internal or external auditor in the financial sector: 5 years (required)

Licence/Certification:

• Certified Internal Auditor (CIA) designation (required)

Work Location: In person