IPA Career Center

Senior Manager, Internal Audit (Capital Markets)

BCI
Victoria, British Columbia, Canada (hybrid)
2 days ago

Description

Closing Date: February 14, 2023

Are you looking for your next rewarding opportunity?  Do you have a deep understanding of capital markets, the Canadian pension fund model, traditional and alternative investments, and key investment risks? Our Corporate Risk & Audit team is seeking an experienced audit professional to step into their Senior Manager role and lead our Capital Markets coverage unit. This is an exciting opportunity to join an expanding team based in Victoria, BC.

THE OPPORTUNITY

The Senior Manager, Internal Audit  is responsible for leading all assurance and advisory activities related to Internal Audit’s Capital Markets coverage unit. Operating with significant autonomy and working closely with senior management, the Senior Manager, Internal Audit possesses a thorough understanding of BCI’s objectives, strategies, risks and operations. Through relationships with key members of management within the assigned coverage area, the Senior Manager develops a long-term strategy to ensure sufficient audit coverage and leads the planning and execution of individual audit engagements. The Senior Manager reviews detailed audit findings for broader thematic patterns and communicates results in a clear, concise and thoughtful manner that is tailored to the intended audience.

PRIMARY RESPONSIBILITIES

Develops and manages stakeholder relationships:

  • Develops and cultivates relationships with members of management from the assigned coverage area as well as other key stakeholders across the organization

  • Identifies and develops relationships with specialist contractors that have deep subject matter expertise in key topics relevant to the Senior Manager’s long-term audit plan

  • Leverages Canadian pension peer network to enhance understanding of common practices and challenges, share work where appropriate to realize efficiencies, and generate ideas to solve problems

Develops, supports, and mentors audit staff:

  • Optimizes the productive capacity of staff auditor(s), allocating tasks and deliverables as well as ensuring effective and efficient execution

  • Assesses staff auditor(s) performance, meeting periodically to provide constructive feedback on auditor(s) development and progress

  • Works with department leadership to create an environment that fosters employee engagement and a culture of continuous improvement

Develops long-term audit coverage strategy:

  • Establishes a risk-based, multi-year audit plan for assigned coverage area aligned with BCI’s objectives and priorities

  • Ensures coverage includes adequate examination of key risks

  • Identifies emerging risk areas to be added to Internal Audit’s “watch list”, and alerts department leadership of instances where revision of the risk-based audit plan may be warranted

  • Stays abreast of industry trends and developments related to assigned coverage area

  • Acquires a strong understanding of BCI’s business processes and investment-related risks to help steer annual audit planning efforts

  • Works with department leadership to establish effective and efficient audit processes supported by robust quality assurance practices

  • Coordinates with external assurance providers to ensure adequate firm-wide audit coverage and to minimize duplication of effort

Plans and organizes audit engagements:

  • Effectively manages capacity by recognizing the interrelationship between projects and taking a strategic approach to audit planning

  • Determines, with support from department leadership, engagement objectives, scope, and prioritized areas for testing; documents work in engagement terms of reference to be agreed with audit clients

  • Considers relevant internal and external frameworks, standards, and benchmarks that can be leveraged for testing purposes

  • Oversees the development and documentation of audit work programs in a manner that enables others to efficiently grasp what needs to be done and why

  • best-in-class subject matter experts to help with specialized areas selected for review

Leads the execution of internal audit engagements:

  • Leads the execution of internal audit engagements including guiding and steering resources, navigating complex procedures, and monitoring and reviewing the work of the staff auditor(s)

  • Manages auditee expectations through regular communication and status reporting

  • Reviews test outcomes and supporting documentation to confirm that conclusions reached are valid

  • Performs complex root causes analysis when issues are discovered and develops thoughtful, pragmatic recommendations to help the business better measure and manage risk, and enhance governance and control activities

Communicates findings:

  • Meets with department leadership and auditees to discuss findings

  • Drafts thoughtful, contextual engagement reports for department leadership to review, balancing the need for clarity with the need for conciseness

  • Pays great attention to detail to ensure language used is objective, accurate, and tactful

WHY APPLY TO JOIN BCI?

BCI is one of Canada’s Top 100 Employers and has built programs and benefits to support all our employees.

As an employee of BCI you will have access to benefits such as:

  • Extended health and dental coverage

  • 20 days vacation per year

  • Participation in our defined benefit pension plan

  • 2-day paid for volunteering

  • Various wellness benefits

TO APPLY:

Apply online with a copy of your resume. We encourage timely submissions of applications as candidates will be actively reviewed as the interview process may advance earlier.

Please note: This role is based out of our Victoria office. A hybrid schedule is available with, on average, 3 days in the office and 2 working from home. We offer relocation support for the selected candidate.



Requirements

WHAT YOU BRING

Must have:

  • Bachelor’s degree (or higher) in accounting, finance, business, commerce or other relevant disciplines

  • Minimum of 8 years of internal audit and business experience

  • CPA and/or professional audit designation

  • Excellent interpersonal skills and report writing ability

  • Advanced knowledge of project management, risk management and control frameworks

  • Ability to deliver audit findings in a tactful, diplomatic manner

  • Current or recent experience in a supervisory role (project or otherwise)

  • Equivalent combination of education and experience may also be considered

Additional Requirements for Specialty Coverage Areas (Capital Markets)

  • Chartered Financial Analyst (CFA) or equivalent financial designation

  • Strong understanding of capital markets, the Canadian pension fund model, traditional and alternative investments, and key investment risks.

Preferred:

  • Professional risk management designations (e.g., CRMA)

Job Information

  • Job ID: 67881275
  • Workplace Type: Hybrid
  • Location:
    Victoria, British Columbia, Canada
  • Company Name For Job: BCI
  • Position Title: Senior Manager, Internal Audit (Capital Markets)
  • Industry: Other
  • Job Function: Audit Manager
  • Job Type: Full-Time
  • Min Education: BA/BS/Undergraduate
  • Min Experience: 7-10 Years
  • Required Travel: 0-10%
Finance
Victoria , British Columbia , Canada

British Columbia Investment Management Corporation (BCI) is one of the largest institutional investors in Canada and a leading provider of investment management services to British Columbia’s public sector. With a global outlook, BCI generates the investment returns that help their institutional clients build a financially secure future. Investment options cross a range of asset classes: fixed income; mortgages; public and private equity; real estate; infrastructure; and renewable resources. BCI knows that people are the ...

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