Internal Audit Manager Financial Services Sector

Position Overview

Our client is seeking an experienced and strategic Internal Audit Manager to lead its Internal Audit function. This senior leadership role is responsible for developing and executing the organizations internal audit strategy strengthening governance risk management and internal control processes and ensuring compliance with applicable regulatory and professional standards.

The successful candidate will report directly to the Audit Committee of the Board of Directors with administrative oversight from the Chief Executive Officer while maintaining the independence and objectivity required of the Internal Audit function.

Duties & Responsibilities:

• Develop implement and maintain the Internal Audit Charter and Terms of Reference.
  
• Lead the enterprise-wide risk assessment process and prepare the annual Internal Audit Plan.
  
• Direct and oversee internal audit engagements to evaluate governance risk management internal controls and operational effectiveness.
  
• Assess compliance with internal policies regulatory requirements and applicable laws and standards.
  
• Identify areas for improvement and provide practical recommendations to strengthen controls and operational efficiency.
  
• Review audit workpapers findings and reports to ensure accuracy quality and consistency.
  
• Conduct complex or high-risk audit assignments where required.
  
• Present audit findings and recommendations to senior management and the Audit Committee.
  
• Monitor the implementation of agreed audit recommendations and follow-up activities.
  
• Maintain comprehensive audit documentation including plans working papers reports and testing records.
  
• Keep the Audit Committee informed of audit progress emerging risks and significant control issues through regular reporting.
  
• Ensure all audit activities comply with the International Standards for the Professional Practice of Internal Auditing (IIA Standards).
  
• Coordinate internal and external quality assurance reviews of the Internal Audit function.
  
• Promote a strong culture of governance risk awareness and internal control throughout the organization.
  
• Develop and deliver training initiatives related to risk management and internal controls.
  
• Build and maintain a strong understanding of the organizations strategic objectives business processes and operational risks.
  
• Lead mentor and evaluate the performance of Internal Audit team members.
  
• Prepare and manage the Internal Audit budget.
  
• Maintain the highest standards of confidentiality integrity and professional ethics.
  
• Perform other related duties as required to support the organizations objectives.
  

• Bachelors degree in Accounting Finance or a related discipline from an accredited institution. A Masters degree would be an asset.
  
• Professional certification such as CIA or ACCA is required.
  
• Additional certifications such as CPA CISA or CFE are highly desirable.
  
• Minimum of 10 years progressive experience in internal audit external audit accounting risk management IT controls or a related field.
  
• Previous management-level audit experience within the financial services sector is essential.
  
• Strong knowledge of International Financial Reporting Standards (IFRS) International Standards for the Professional Practice of Internal Auditing (IIA Standards) and relevant regulatory requirements.
  
• Experience using Microsoft Office Suite and data analytics tools such as ACL IDEA or similar audit software.