Senior Internal Auditor

Toronto, Ontario

Posted On: September 13, 2022

Senior Internal Auditor  

Job Purpose & Summary

The Senior Internal Auditor plans and conducts all types of audits across the organization in accordance with Internal Audit polices, standards, and practices to identify areas of risk.  Under direction from the Manager, Internal Audit, the Senior Internal Auditor executes the annual Audit Plan to ensure appropriate internal controls exist and regulatory requirements are met.  The Senior Internal Auditor will consult with business partners to obtain an in-depth understanding of business processes, assess potential risks, and make recommendations for remedial action.

Key Accountabilities & Duties

  • Plan and execute assigned audits under the guidance of the Manager, Internal Audit in accordance with established policies and standards and within the prescribed time and budget
  • Contribute to the completion of the overall audit process, including identification of risks and controls, scoping, development and application of appropriate audit programs, on-going client communications, reporting, and post-audit procedures
  • Assign fieldwork responsibilities and provide guidance to the Internal Auditor to ensure that audits are completed in a timely manner based on established standards
  • Prepare draft reports for the review of the Manager, Internal Audit on the audit findings and recommendations to mitigate risks detected during the audit
  • Perform audit report follow-up testing to identify if corrective action plans of management were executed on time and convey results to management
  • Work collaboratively with internal business partners providing value-added recommendations for improved effectiveness and efficiency in business processes
  • Present objective and independent conclusions regarding the adequacy of internal controls in accordance with audit standards
  • Maintain awareness of emerging risks, issues, and regulatory requirements and assess potential impacts on the business
  • Conduct research as required to identify benchmarks and/or industry best practices for the management of risk across the business
  • Build and maintain positive working relationships by effectively communicating and regularly sharing information, issues, and points of interest with the team, as well as internal and external business partners
  • Carries out special investigations as needed.


Occupational Experience & Education Requirements

  • 3-5 years of internal or external audit experience (financial services industry preferred),
  • Bachelor’s degree in Accounting or other business-related field required
  • Professional designation required (CPA, CA, CMA, CIA)
  • Experience supervising or directing internal audit fieldwork


Knowledge, Skills & Attributes

  • In-depth knowledge of internal audit, including offering sound advice and recognizing opportunities to add value
  • Knowledge of risks faced by a financial institution in the areas of business processes, operational, credit, and legislative compliance
  • Strong analytical skills and problem-solving abilities
  • Demonstrated time management and prioritization skills with the flexibility to adapt to meet tight deadlines and changing priorities
  • Ability to manage several tasks concurrently
  • Demonstrated ability to assess risk issues and to challenge the status quo
  • Strong interpersonal and communication skills (written and verbal)
  • Proven ability to maintain independence of thought and action
  • Proficient in Microsoft Office (Word, Excel, Outlook)


Working Conditions

  • Maybe required to work outside of normal working hours for specific projects

Department: Audit 

Primary Location: Corporate Office 

Employment Status: Full-time 

Hours per Week: 38

Job Grade Level: 6

About DUCA

DUCA exists to help people do more, be more and achieve more with their money and their lives. We’re driven by a co-operative philosophy that puts our Members (and Owners) at the centre of every decision we make, gives them a voice in how we’re run, and rewards them for their loyalty by sharing our profits.

At DUCA, we’re dedicated to creating a positive environment where our employees have growth and development opportunities, a healthy work/life balance, opportunities to give back to the community, and a focus on doing what is right for our Members. DUCA offers a competitive total compensation package including base salary, a short-term incentive (bonus) program, a comprehensive benefits program, pension plan, and employee banking benefits.

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Qualified applicants are encouraged to submit their application. Applications must include both a resume and cover letter.

We thank all applicants but only those considered for an interview will be contacted.

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