Description

The opportunity
 
The Senior Manager, Audit Services is responsible for enhancing and protecting Ontario Teachers’ organizational value and reputation, and to improve its operations by providing risk-based, independent, and objective assurance, advice and insight.  The position has significant direct interactions with senior executives throughout Ontario Teachers’ and their work will inform the Chief Executive Officer and the Audit & Actuarial Committee on the design and effectiveness of established risk management, control, and governance processes.

Who you'll work with

You will collaborate with all levels of management and senior leaders to conduct and deliver audit reports.

What you'll do

• Plan, organize, and establish audit objectives, priorities, methodology and procedures, including the preparation of the annual audit risk assessment.
• Independently plan and coordinate the completion of a set of projects on the annual audit plan, ensuring all audits are executed, documented, communicated and action items agreed within a 12-month period.
• Prepare work plans, programs and resource requirements for their assigned audits.
• Build individual capability to perform data analytics and propose ways to apply learned skills to improve the quality of assigned audits.
• Conduct reviews and audits by researching best practices, examining business processes and related risks, operations and work activities, identify issues and opportunities, research root causes and recommend corrective actions.
• Present and discuss findings and action items with the Director, Audit Services and Ontario Teachers’ executives.  Ensure that action items are thoughtful, relevant, constructive, actionable and address the root causes of the issues identified.
• Prepare audit reports for Ontario Teachers’ executives and the Audit & Actuarial Committee containing the audit scope, process, findings, action items and ensure that action items are carefully considered by management through ongoing consultation following audit. Reports are be reviewed by the Director, Audit Services.
• Prepare and/or review audit documentation in accordance with audit objectives and quality standards for review by the Director, Audit Services.
• Evaluate internal client response to audit reports and advise the Director, Audit Services as to appropriateness.
• Follow-up on management’s responses to previous Audit Services Department reports, external auditor recommendations, and external actuary recommendations for Audit & Actuarial Committee.
• Research and develop audit approaches and techniques to ensure continued applicability to the risks and controls of the business.
• Maintain a sufficient and current understanding of the entire organization and the underlying risks in order to provide significant input during the annual audit risk assessment.
• Evaluate and advise prospective business initiatives and new investment opportunities from a controls and governance perspective and provide recommendations as appropriate.
• Maintain ongoing contacts and participate in discussions with peers in the auditing community to ensure awareness of developments in audit approaches. Attend appropriate professional development conferences and seminars. Keep abreast of industry best practices, including investment, accounting, valuation, and pension pronouncements.
• Consult on various special projects as required.

What we’re offering

• Numerous opportunities for professional growth and development
• Comprehensive employer paid benefits coverage
• Retirement income through a defined benefit pension plan
• The opportunity to invest back into the fund through our Deferred Incentive Program
• A flexible work environment combining in office collaboration and remote working
• Competitive time off
• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year
• Employee discount programs including Edvantage and Perkopolis

Requirements

What you'll need

• Professional designation (CPA, CIA, CISA or CFA ) or equivalent international accreditation/designation.
• Master’s degree in a related field an asset (e.g. MBA, MQF).
• 10+ years of auditing and related experience.
• Undergraduate degree in related field: B.Comm, BBA, B.Acc.
• Expert knowledge of audit techniques, including evaluation of internal controls, design of questionnaires, sampling, flow charting, tests of internal controls, and detailed substantive tests.  
• Knowledge of analytical audit software is desirable (PowerBI, ACL, IDEA or MKinsight).
• Thorough knowledge of the financial services industry with experience through direct employment, external auditing or consulting.
• Thorough knowledge of Technology or Investments, including complex investment strategies and complex investment products including derivatives, hedge funds, fixed income, publicly traded equities and private equities.
• Good understanding of information technology and system based controls in order to perform select IT auditing procedures in the Investment, Member Services, and Corporate areas.
• Understanding of actuarial valuation principles, and pension industry and related legislation, policy and regulations.
• 5-6 years of auditing and related experience if CPA or CIA designation holder (experience may have been gained while attaining the designation)
• 10+ years of auditing and related experience if no CPA, CIA or Master’s Degree