Senior Manager, Audit Services; Technology​/Investments

Senior Manager, Audit Services (Technology/Investments) Overview

The Senior Manager, Audit Services is responsible for enhancing and protecting Ontario Teachers’ organizational value and reputation, and improving its operations by providing risk‑based, independent and objective assurance, advice and insight.

The position has significant direct interactions with senior executives throughout Ontario Teachers’ and informs the Chief Executive Officer and the Audit & Actuarial Committee on the design and effectiveness of established risk management, control, and governance processes.

• Plan, organize and establish audit objectives, priorities, methodology and procedures, including preparation of the annual audit risk assessment.
• Independently plan and coordinate the completion of a set of projects on the annual audit plan, ensuring all audits are executed, documented, communicated and action items agreed within a 12‑month period.
• Prepare work plans, programs and resource requirements for assigned audits.
• Build individual capability to perform data analytics and propose ways to apply learned skills to improve audit quality.
• Conduct reviews and audits by researching best practices, examining business processes, related risks, operations and work activities, identifying issues and opportunities, researching root causes and recommending corrective actions.
• Present and discuss findings and action items with the Director, Audit Services and Ontario Teachers’ executives, ensuring that action items are thoughtful, relevant, constructive, actionable and address the root causes of identified issues.
• Prepare audit reports for Ontario Teachers’ executives and the Audit & Actuarial Committee containing the audit scope, process, findings, action items and ensure that action items are considered by management through ongoing consultation following audit. Reports are reviewed by the Director, Audit Services.
• Prepare and/or review audit documentation in accordance with audit objectives and quality standards for review by the Director, Audit Services.
• Evaluate internal client response to audit reports and advise the Director, Audit Services on appropriateness.
• Follow‑up on management’s responses to previous Audit Services Department reports, external auditor recommendations, and external actuary recommendations for the Audit & Actuarial Committee.
• Research and develop audit approaches and techniques to ensure continued applicability to the risks and controls of the business.
• Maintain sufficient and current understanding of the entire organization and underlying risks to provide significant input during the annual audit risk assessment.
• Evaluate and advise prospective business initiatives and new investment opportunities from a controls and governance perspective and provide recommendations as appropriate.
• Maintain ongoing contacts and participate in discussions with peers in the auditing community to ensure awareness of developments in audit approaches. Attend professional development conferences and seminars; keep abreast of industry best practices, including investment, accounting, valuation and pension pronouncements.
• Consult on various special projects as required.

• Professional designation (CPA, CIA, CISA or CFA) or equivalent international accreditation/designation.
• Master’s degree in a related field is an asset (e.g. MBA, MQF).
• 10+ years of auditing and related experience.
• Undergraduate degree in a related field:
  
  B.Comm, BBA,
  
  B.Acc.
• Expert knowledge of audit techniques, including evaluation of internal controls, design of questionnaires, sampling, flow charting, tests of internal controls and detailed substantive tests. Knowledge of analytical audit software is desirable (Power
  
  BI, ACL, IDEA or MKinsight).
• Thorough knowledge of the financial services industry with experience through direct employment, external auditing or consulting.
• Thorough knowledge of Technology or Investments, including complex investment strategies and products such as derivatives, hedge funds, fixed income, publicly traded equities and private equities.
• Good understanding of information technology and system‑based controls to…