Senior Financial Analyst, Internal Audit

At Equitable we believe work should be a place where you feel supported inspired and empowered to our caring and collaborative environment your curiosity is encouraged your passion is recognized and your contributions truly matter. Together we create meaningful impactfor our clients our communities and each other.

Position Title: Senior Financial Analyst Internal Audit
Reports To: Director Internal Audit
Department: Corporate
Term: Permanent Full-Time


Work Arrangements: This is a hybrid role. You will work in our office in Waterloo ON a minimum of two (2) assigned consecutive days every other week plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.

The Opportunity: At Equitable our focus is on making a meaningful impact in the lives of Canadians by putting clients at the heart of everything we do. We lead with empathy act with intention stay curious and support one another every step of the way.

If youre looking for purpose-driven work in a collaborative and inclusive environment where your voice is heard and your growth is encouraged wed love to connect. The Senior Financial Analyst Internal Audit job is to add value through independently identifying and assessing the effectiveness and efficiency of key controls and processes and designing practical recommendations to mitigate residual risk for all functions and processes of the Company.

The Senior Financial Analyst Internal Audit supports corporate risk management in addition to day-to-day key accountabilities including identifying analysing and testing key company controls and processes to ensure the Company is compliant with IFRS OSFI CLHIA and other regulations including the implementation of new accounting standards; applying professional judgement to identify the root cause of deficiencies identified and assess their potential impact; applying professional judgement and business knowledge to develop and recommend process improvements that remediate risk; applying professional judgement to assess management remediation strategies and process improvements; and develop strong positive relationships with audit clients.

Join one of the Waterloo Areas Top Employers for 2025 and Southwestern Ontarios Top Employers for 2024 and be part of something that matters.


What you will be doing:

• Assess key operational process to ensure they are compliant with IFRS OSFI CLHIA and other regulations (including the implementation of new accounting standards) and are effective and efficient.
• Able to assess interpret and communicate audit results to others
• Develop and deliver timely accurate relevant and concise internal audit reports and information
• Deliver risk based independent assessments of business processes and functions for Board and Management purposes
• Planning

• Contribute to the development of the annual audit plan
• Responsible for obtaining and analysing related business processes and documentation to gain a thorough working knowledge of the function or process being examined
• Lead meetings with various levels of staff and Management (manager to Executive Team member) to communicate timelines review key risks and controls and complete fraud risk assessments
• Apply professional judgement to evaluate business processes to identify key risks and controls (including evaluating key changes (current or future)) of the business unit or process
• Responsible for developing new audit procedures to reflect the changes in key processes resulting from the implementation of new controls and processes as a result of legislative or regulatory changes (example: IFRS)

• Fieldwork

• Responsible for applying professional judgement to quantify residual risk for each audit objective
• Responsible for designing executing and documenting tests of key controls in accordance with the Internal Audit Guideline and the Institute of Internal Auditors International Professional Practices Framework
• Responsible for analysis and interpretation of testing results to determine if a deficiency exists
• Responsible for applying professional judgement to assess and assign deficiency risk ratings
• Responsible for conducting root cause analysis of deficiencies identified
• Responsible for developing and providing practical recommendations to Management that sufficiently mitigate the risk associated with the deficiencies identified

• Reporting

• Responsible for documenting audit findings and results in accordance with internal guidance and The Institute of Internal Auditors International Professional Practices Framework
• Responsible for preparing detailed audit reports for use by Management
• Responsible for synthesising audit findings and applying professional judgement to provide an overall audit conclusion.
• Lead closing meeting with Management and Senior Management to present discuss and defend audit finding and risk ratings
• Responsible for analysing management remediation responses to deficiencies raised to ensure the risk is sufficiently remediated
• Responsible for issuing final reports which are copied to Senior Management (including the relevant Executive Team member the CFO and the CEO/President)

• Remediating

• Responsible for conducting remediation testing as needed

• Other

• Conduct investigations of known or suspected illegal activities involving Company funds property employees that appear to violate the criminal code or other laws regulations and/or guidelines. Investigations may also involve allegations of fraud or theft.
• Lead reviews of proposed business process changes to provide guidance to Management on the potential impacts to the control environment as well as suggested improvements.
• Coordinate with external auditor provide required support guidance and assistance

• Increased risk awareness and good internal controls practices
  
  

What you will bring:

• Certified Internal Auditor (CIA) or Chartered Professional Accountant (CPA) designation (or international equivalent).
• Post-secondary education with an emphasis on accounting and business administration.
• Advanced knowledge of Microsoft Office
• Knowledge of AI software and prompt engineering.
• 3 - 5 years of internal audit/audit experience including performing/leading audits.
• Experience in insurance or financial industry is a plus
• Working knowledge of investments and derivatives individual insurance sales and practices group insurance sales and practices Individual Wealth sales and practices anti-money laundering practices and life insurance compliance requirements.
• Demonstrates expertise in the following additional behavioural attributes:

• Risk identification and management
• Root cause analysis

Whats in it for you:

• A workplace where care passion and curiosity arent just values theyre how we work grow and succeed together every day.
• A healthy work-life balance with employee wellness top of mind
• Annual bonus program annual vacation allowance and company-paid benefits program
• Generous vacation package with one volunteer day to give back to a charity of your choice
• Immediate enrollment in the companys pension program with employer matching
• Employee resource groups that support an inclusive work environment
• Tuition support and specialized program assistance
• An onsite full-service cafeteria with a variety of daily options
• Discounts on company products and services and access to exclusive employee perks
• Regular EQ Together events focused on company togetherness and collaboration
  
  
  

As part of the recruitment/offer process you will be required to:

• Provide two professional references (minimum one supervisor and above)

This position is available due to an existing vacancy.

We are dedicated to inclusive and accessible hiring practices. If you require accommodations or alternative formats please contact us at emailprotected.

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