Crown Corporation – Manager Operational Audit & Assurance

Our Client is a financially self-sustaining federal Crown corporation reporting to Parliament through the Minister of Agriculture and Agri-Food and Minister for the Canadian Wheat Board. Client provides financing and other services to over 100,000 primary producers, value-added operators, suppliers and processors along the agriculture value chain.

Scope of Position

The Manager, Operational Audit and Assurance position reports directly to the Vice President, Internal Audit. The overall accountability of the Manager, Operational Audit is to direct the Operations Audit function, including the development and implementation of Operational Audit’s strategic direction and business plan for lending operations. This position will work closely with internal stakeholders to ensure audit is aligned with credit and operational risks and will identify deficiencies in the risk and control environment and make recommendations for improvement.

As well the Manager will review and approve all audit plans, working papers reports and other communication to ensure technical accuracy, consistency, quality assurance and compliance with IIA professional practice framework.

The Manager, Operational Audit will maintain a strong internal team by providing vision, strategic management, performance management, resourcing, technical mentoring and coaching.

The Manager, Operational Audit requires detailed knowledge of audit and compliance practices. Detailed knowledge of lending and credit risk practices and policies, and risk mitigation strategies is required as they relate to the establishment and evaluation of risk based audit programs and results. Strong skills in communication and influence are required in order to effectively convey audit results and impact changes in the control environment.

The Manager, Operational Audit will be located in Kanata Ontario and will be fluent in both official languages.

Functional Tasks

• OVERALL ACCOUNTABILITY
  • Receives general direction from the VP, Internal Audit
  • Guided by corporate governance, divisional priorities and professional practices and standards
  • Leads the lending operations audit program
  • Make strategic, technical and tactical recommendations to ensure effective delivery of operations audit program
  • Work closely with internal stakeholders to ensure audit is aligned with credit and operational risks
  • Work closely with internal stakeholders (Credit Policy & Process Management, Operations, Credit Management, etc) to ensure effective reporting and sharing of audit results for value added information and action planning
  • Identifies deficiencies in the risk and control environment and makes recommendations for improvement
  • Provides formal leadership to the business unit
• KEY
  
  ACCOUNTABILITIES
  • Directs the Operations Audit function including the development and implementation of Operational Audit’s strategic direction and business plan for the lending operations (30%)
    • Responsible for developing overall direction for the field audit function to include establishing procedures, guidelines and policies; developing long-term and annual lending audit work plans; and monitoring quality assurance standards and programs.
    • Liaise with internal stakeholders and incorporates audit best practices to ensure development of effective risk based audit methodology to maximize the value add to stakeholders.
    • Provides expert advice on a variety of organizational and functional issues from the perspective of the functional leader of operational audit (5%).
  • Presents audit findings, trend analysis, recommendations and advice to VP Internal Audit, Operations management teams, and other impacted stakeholders (20%)
    • attend audit debrief meetings and resolve any sensitive issues or conflicts at the that may result from the audit process or other reviews;
    • work with Credit Policy & Process Management and Lending Essentials to ensure trends are understood and actions developed where required to strengthen the control environment and learning needs.
  • Reviews and approves all audit plans, working papers reports, and other communications, to ensure technical accuracy, consistency, quality assurance and compliance with IIA professional…