Director, Audit
Director, Audit
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Job Description
Were building a relationshiporiented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats right for our clients.
At CIBC we embrace your strengths and your ambitions so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC please visit
What youll be doing
Reporting to the Senior Director the Audit Director provides leadership while overseeing multiskilled teams on large or highly complex audits within the TI&I line of businesses. The Director builds and maintains relationships with business partners using their specific technical expertise to conduct riskfocused audits of various business processes & operations and provide advice to senior and executive management on designing implementing and maintaining internal controls. Through day to day activities the Audit Director will also actively demonstrate support for CIBCs purpose to help make client and employee ambitions a reality.
This role includes AuditorinCharge/Scrum Master accountabilities to manage audit engagements through all phases of the audit including reporting to management. The incumbent will also promote compliance with CIBC policies and procedures standards guidelines and relevant legislation identify internal control weaknesses and advise clients of efficiency or effectiveness opportunities.
At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 23 days per week onsite while other days will be remote.
How youll succeed
- Improving the overall systems of internal controls within CIBC Develop the Divisions riskfocused annual audit plan by identifying the business planning needs assigned resources and relevant budgets to provide required coverage for assigned client(s). The plan may cut across CIBCs business lines and processes and includes interdependencies so that an endtoend perspective of the business is considered.
- Maintain Stakeholder Partnerships Support the Senior Director to continuously enhance audit client relationships and maintain own relationships with assigned clients. Keep IA senior management informed of challenges themes trends emerging issues or other matters that many impact the risk and control environment at CIBC. This may include quarterly management and board reporting.
- Plan and lead large and/or complex audits reflecting the assessment of audit risk to support the IA Annual Plan through all phases including planning fieldwork and reporting. Provide leadership and oversight to the audit team including resource and schedule management review of working papers to confirm quality and compliance to Divisional expectations and provision of coaching to individual team members even if not direct reports. Accountable for communication with audit client throughout the audit to influence positive outcomes
- Drive the reporting component of the audit Identify significant business control deficiencies and assess the materiality and potential impact on the business and CIBC. Discuss and obtain client agreement on the severity of the weaknesses identified and the materiality of the unmanaged risk(s). Prepare audit reports in accordance with IA Division standards for review and discussion with business management and obtain business managements commitment to corrective actions that are realistic and mitigate the risk and exposure in the long term.
- Monitor outstanding audit and regulatory deficiencies For timely completion of managements action plans and direct followup activities. This may also require escalation if management actions are delayed or not implemented as agreed.
- Non Audit Activities Keep abreast of current developments and identify emerging risks to provide advice to business management on opportunities for or the need to improve controls. Contribute to the transformation of our bank by identifying opportunities to simplify internal processes/systems without compromising quality or timeliness of our work. Strengthen and deepen client relationships by acting as promoter of CIBC through community engagements charities and personal connections. Assist businesses and stakeholders to identify key risks associated with new products processes or methodologies are captured and accurately assessed as part of the Change Initiative Risk Assessment Process. Provide leadership and assist other groups in IA on matters relating to areas of expertise. Participate in IA Divisional and Bank initiatives or projects or on committees at the request of IA senior management.
- Provide leadership and effective coaching and management Setting appropriate context when assigning work to ensure that individuals roles support the achievement of the business units priorities and CIBCs overall goals; Building team and individual capabilities by providing development opportunities such as job shadowing special projects and training; Managing performance by providing fair and accurate formal and informal feedback identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities
Who you are
Youre a certified professional. Typically this knowledge is acquired through obtaining an auditing or accounting designations (e.g. CA CMA CFA CPA ACCA) a business degree (e.g. M.B.A.) in addition to business experience either in the banking and financial services industry or internal / external audit assurance and consulting services.
You understand that success is in the details. You notice things that others dont. Your critical thinking skills help to inform your decision making.
You give meaning to data. You enjoy investigating complex problems and making sense of information. You are confident using data analytics or artificial intelligence tools (including Excel) to identify areas for enhanced testing and in your ability to communicate detailed information in an impactful way.
Youre passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
You act like an owner. You thrive when youre empowered to take the lead go above and beyond and deliver results.
You embrace and champion change. Youll continuously evolve your thinking and the way you work in order to deliver your best.
You are a bold and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and driving successful team performance.
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability. #LITA
What CIBC Offers
At CIBC your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career rather than just a paycheck.
We work to recognize you in meaningful personalized ways including a competitive salary incentive pay banking benefits a benefits program* defined benefit pension plan* an employee share purchase plan a vacation offering wellbeing support and MomentMakers our social pointsbased recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation please contact
You need to be legally eligible to work at the location(s) specified above and where applicable must have a valid work or study permit.
We may ask you to complete an attributebased assessment and other skills tests (such as simulation coding French proficiency MS Office). Our goal for the application process is to get to know more about you all that you have to offer and give you the opportunity to learn more about us.
Job Location
Toronto81 Bay 34th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Audit Management Internal Controls Leadership Operating Effectiveness People Management Risk Based Auditing Risk Management and Mitigation Strategic ObjectivesRequired Experience:
Director
Employment Type
Full-Time
