Audit Manager - Business Operations Audit Manager - Business Operations …

Bank of Montreal
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Competitive
Bank of Montreal
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Competitive
Audit Manager - Business Operations
Under the direction of the Director/Senior Audit Manager, the Audit Manager is accountable to support the audit team in performing a high quality and efficient audit. An affective audit function provides vital assurance to the Board of Directors and senior management as to the quality and effectiveness of the internal control system and in so doing helps reduce the risk of loss and reputational damage to the Enterprise. The function is instrumental in identifying high risk circumstances that could lead to material impact on profitability or reputation. •

The Audit Manager is responsible for conducting audits that critically assess management and internal control processes, ensuring the nature, extent and timing of the audit is appropriately executed and contributing to the formulation of an insightful audit report that provides clear, concise and memorable insights on possible issues, which will assist management in fulfilling its responsibilities. •
  • Contributing to the sustainability of an internal audit practice in a Heightened Expectations environment by maintaining a high performance culture, embedding the "Our Way" principles in the conduct of the role. •
  • Contributing through direct actions to Corporate Audit's stature and independence within the Enterprise.
Key Dimensions of Capability: •
  • Proactively identify changing strategies, tactics, risks and initiatives to deliver audit and investigative services with the appropriate focus. •
  • Provide fair and balanced insights into current, emerging, and potential issues, themes, trends and opportunities that will enhance the efficiency and effectiveness of control processes. •
  • Deliver high quality work. •
  • Maintain the independence of the audit practice and its personnel. •
  • Conduct an audit practice viewed by the Board, management and regulators as meeting expectations. •
  • Continue to advance the professional practice to enhance the assurance model, and the nature and quality of insights.
Specific Responsibilities:
  • Proactively identify changing strategies, tactics, risks and initiatives to deliver audit and investigative services with the appropriate focus.
  • Meet with key members of management periodically to ensure an understanding of strategies, tactics, objectives and initiatives.
  • Execute audit procedures conducted in full recognition of the risks of the auditee which encompass the internal risks, control risks and internal/external environments and regulatory risks.
  • As required, provide input to the development of an annual audit plan. •
  • Provide fair and balanced insights into current, emerging, and potential issues, themes, trends and opportunities that will enhance the efficiency and effectiveness of control processes.
  • Develop audit discussion points that are insightful and provide a fair and balanced assessment based upon critical assessment of management and control processes such points will be clear, concise, objective and timely in their delivery.
  • Provide the Director/Senior Audit Manager with meaningful insights on efficiency opportunities observed within auditee functions.
  • Demonstrate good judgement in application of audit procedures.
  • Develop and maintain good working relations with key auditees and executives at senior management levels.
  • Provide timely and insightful support to the Director/Senior Audit Manager.
  • Maintain a working knowledge of the industry, of the auditee, the regulatory and broad economic environment availing the auditee of the knowledge as to the development of new strategies and tactical plans and opportunities. Maintain the independence of the audit practice and its personnel.
  • Maintain regular communication with the Director/Senior Audit Manager on Corporate Audit issues concerning the audit engagement.
  • Demonstrate high quality work consistent with an audit function in a Heightened Expectations environment.
  • Provide proactive leadership and direction to Audit Analysts and Associates as may be required, supporting performance assessments by the Director/Senior Audit Manager.
  • Continue to advance the capabilities of individual teams by participating in internal / external training opportunities.
  • Be a positive role model for others, demonstrating the principles and values set by Corporate Audit and the Enterprise.
  • Be and be seen as a leader among Audit Managers through creative thinking and active participation in leadership forums within Corporate Audit.
  • Be and be seen as a knowledgeable person in business and audit technical matters keeping current on new thinking/practices.
  • Support the culture within Corporate Audit. •
  • Conduct an audit practice viewed by the Board, management and regulators as meeting expectations. •
  • Continue to advance the professional practice to enhance the assurance model, and the nature and quality of insights.
  • Be seen as knowledgeable within specific technical competency roles aligned to the needs of Corporate Audit.
  • Provide the Director/Senior Audit Manager with critical input to Chief Auditor / Assistant Chief Auditor on the practical aspects of the audit and its execution.
  • Advance Corporate Audit's overall practice ensuring that practices and methodologies application are maintaining at the high quality level expected of an internal audit practice in a Heightened Expectations environment.


Qualifications
Knowledge:•
  • Undergraduate degree or equivalent with 5-7 years of direct relevant experience in an audit function or business / corporate function. •
  • Professional or business designation is required. •
  • Good knowledge in Internal Controls and Risk Assessment. •
  • Knowledge of trends and best practices in Internal Control. •
  • Solid knowledge of the subject matter of assigned Centre of Competency.
Skills:•
  • Working level interpersonal, relationship management and communication skills. •
  • Working level planning and organizing skills with the ability to manage multiple priorities. •
  • Introductory level leadership and managerial skills. •
  • Working level negotiating, conflict resolution and influencing skills. •
  • Good analytical skills.
Working Conditions:
  • The working environment provides minimal exposure to discomfort or risk to safety. This job does require a high level of sensory attention with the need to concentrate on one or more activities such as reading, observing, listening or focused visual concentration when deciphering audit findings or analyzing trends.
  • Requirements to travel and pressures to meet audit plan while working in a rapidly changing industry pose some mental stress.

We're here to help

At BMO we have a shared purpose; we put the customer at the centre of everything we do - helping people is in our DNA. For 200 years we have thought about the future-the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://bmocareers.com/ .

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
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