Sr. Manager, Internal Audit & ICFR Testing (12-month contract)

• high-performance, people-focused culture
• our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves
• learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth
• membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security
• competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).
• optional post-retirement health and dental benefits subsidized at 50%
• yoga classes, meditation workshops, nutritional consultations, and wellness seminars
• the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers

Job Summary

The Senior Manager, Internal Audit & Internal Controls over Financial Reporting (ICFR) Testing is responsible for leading a team of ICFR IT and business control testers, including providing feedback on IT and business testing procedures to the organization’s ICFR program, and the execution of IT and business testing. This position will manage the IT and business testing activities performed on behalf of the ICFR program. The role will also support the Internal Audit Plan and partner with IT, Finance, and Business groups to identify areas of risk, make valuable recommendations on operational and financial controls, and influence changes and decisions. This position works closely with the Director, Internal Audit and requires excellent verbal and written communication skills, with the ability to effectively present audit issues of varying complexity to senior management across various divisions at HOOPP.

What you will do:

ICFR Testing and Review

• Leading IT and business control testing on behalf of the organization’s Internal Control over Financial Reporting (ICFR) program, including providing feedback on testing procedures, the review of working papers, and the execution of testing.

• Manage a team of up to 5 ICFR testers, including the supervision and oversight of the team and the review of their work and documentation in the working papers.

• Verify that internal controls are efficient and effective to mitigate IT and business risks to an acceptable level; that assets are adequately protected, and significant financial and management information is accurate, reliable, and timely.

• Address comments and queries raised by the ICFR program as part of their review of working papers.

• Communicate the progress of testing, issues, and findings identified to the ICFR program on a timely basis.

Internal Audit Plan Support

• Review and prepare detailed audit working papers for IT and business testing, and ensure the work is of the highest quality and consistent with established standards, within prescribed time, budget and scope parameters. 

• Work with client management to develop action plans to address the root cause of the issues. Ensure recommendations provide realistic and workable solutions, either being adopted elsewhere within the organization or in the industry, to mitigate the risk and exposure in the long term.

• Assist the Director, Internal Audit to resolve complex issues with management and reach agreement on appropriate solutions to risk management and operational issues. 

• Communicate with and educate process owners on the importance of controls, effective control environments and the role of Internal Audits.

• Ensure that audit reports are issued timely, are credible and meet departmental standards.

• Ensure the timely follow-up, monitoring and accurate reporting of management remediation efforts of audit observations. Utilize technology to improve effectiveness and efficiency of audit process.

• Maintain a sufficient and current understanding of the organization and the underlying risks.

• Support the audit team in the achievement of individual, divisional and team goals.

• Participate in special projects, as required.

What you bring:

• Undergraduate degree with emphasis in accounting, finance or a related business field is required. A CA/CPA/CGA/CMA and a Certified Information Systems Audit Designation (CISA) are required. 

• Experience managing and developing high-performing teams.

• Expert knowledge on best practices for internal controls with a strong understanding of information system risks and ITGCs and end user computing (EUC) controls.

• Knowledge of IT applications and systems such as Oracle, SAP, PowerBI, AWS, and Microsoft Azure are considered an asset.

• Strong technical audit and financial skills with a comprehensive understanding of Internal Auditing Standards, GAAP, C-SOX, COSO.

• Excellent understanding of business processes. Strong knowledge of Capital and Private Markets, Investment or related risk management/compliance/operations functions would be an asset.

• Proficient in all aspects of the internal audit cycle with a minimum of 10 years executing and leading relevant internal audit engagements or C-SOX/ICFR programs preferably in the Financial Services or Pension Fund industry.

• Subject matter expertise on Internal Controls over Financial Reporting programs.

• Thorough knowledge of Microsoft Word, Excel, and Powerpoint is required.

• Proven ability to collaborate, partner, initiate and maintain cross-departmental and intra-divisional relationships.

• Excellent effective time management and organizational skills to meet tight deadlines as well as the flexibility to adapt to changing priorities.

• Strong attention to detail, analytical, negotiating and reasoning skills required.

• Self-starter, high level of initiative and professionalism.