Director, ICFR Operations

Job Description

What is the opportunity?As the Director, ICFR Operations, you will be required to lead and manage a team of audit professionals on the testing of the Bank’s Internal Controls over Financial Reporting (ICFR) which includes controls relevant to Sarbanes Oxley (SOX) and the Federal Deposit Insurance Corporation Improvement Act (FDICIA). The candidate will be responsible for ensuring all business and IT Dependent controls are effectively tested for design, operating effectiveness and are sustainable to comply with the standards, thereby supporting the Bank’s financial reporting objectives.

The candidate brings with them a grasp of audit procedures, risk management and internal controls, along with strong leadership and communication skills. They will also advocate for collaboration and accountability across internal and external stakeholders and be a positive influence on an engaged workforce who are committed, effective and adaptable. Finally, the candidate will identify and drive change to ensure the ICFR testing is efficient and effective.

RBC Internal Audit leverages a unique perspective— with a coordinated view across the entire business—to deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices, and broadens possibilities. We connect intelligence to protect and enable RBC.
What will you do?

Responsible for providing independent testing assurance of internal controls over financial reporting (ICFR) on behalf of management.

Lead and manage a large team of internal/external audit professionals in the development and execution of the annual ICFR testing program, with a specific focus on both business controls and IT application controls and risks.

Implement and execute an innovation led strategy to enhance the efficiency and effectiveness of the ICFR testing program.

Collaborate with senior management on risk and control issues and provide practical recommendations to ensure risks are appropriately managed.

Maintain relationships with external auditors, business units and senior management to ensure effective and relevant testing strategies and communication of critical issues in a timely manner.

Build strong relationships with business partners to interact as a trusted advisor to achieve business goals whilst managing risk; and driving an understanding of risk and controls beyond a compliance view.

Lead by example, foster a team of innovative thinkers and change management agents through open communication and positive, timely feedback and training. Develop people by encouraging individuals to take responsibility for their contributions.

Drive key change management activities on innovative programs, including analyzing and recommending appropriate enhancements while working with business partners to implement change; collaboration with internal/external stakeholders on program management is essential.

What do you need to succeed?
Must-have

Bachelor’s degree in Information Technology, Computer Science, Accounting, Finance, or a related field.

Experienced coach, team captain, and/or mentor in personal or work environment. Ability to lead a team and create an inclusive environment with internal and external business partners.

Excellent analytical, problem solving, and project management skills. Strong leadership and team management abilities, including communication.

An understanding of core technology (applications), IT control frameworks (e.g., COBIT, ITIL), core auditing standards and procedures (IIA), COSO framework, and other risk management practices as evidenced by external courses or professional certifications.

Nice-to-have

A master’s degree or relevant certifications (e.g., CIA, CPA, CISA, CISSP, CRISC, CFE) is a plus.

Experience in a financial institution or technology company, dealing with multiple business platforms, business processes, geographies, and legal entities.

Knowledge of SOX, FIDICIA requirements and compliance, evidenced by experience working within a testing execution or ICFR reporting team.

What is in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and…