Job Summary

The Senior Internal Auditor leads and conducts risk-based audits to evaluate the effectiveness of internal controls, governance and compliance with regulatory standards.

This position supports and executes various responsibilities related to internal audit in accordance with Olympia’s business objectives and evaluates controls by performing audits of internal procedures. The Senior Internal Auditor has a strong understanding of OSFI (Office of the Superintendent of Financial Institutions) regulatory requirements, the first, second and third line of defense and a proven track record in the financial services industry.

Reporting to the Chief Internal Auditor, the Senior Internal Auditor fosters positive relationships throughout the audit process and is committed to ensuring corporate compliance by identifying control deficiencies and recommending solutions for follow up and testing.

Duties and Responsibilities

• Uphold the division and Olympia’s reputation and values, while promoting our motto “With Us, It’s Personal” in all interactions with employees, clients, and business associates.
• The Internal Audit function is responsible for providing assurance to Olympia and the Olympia Board of Directors specifically.
• Lead and execute risk-based internal audits across business units with a focus on OSFI-regulated activities.
• Assess the effectiveness of internal controls, governance process and risk management frameworks.
• Prepare clear, concise and well-supported audit reports and present findings to executives and audit committee.
• Monitor and follow up on the implementation of audit recommendations.
• Stays current with OSFI guidelines, industry best practices and emerging risks.
• Supports the development of the annual audit plan and contributes to continuous improvement initiatives within the audit function.
• Mentor and contribute to team development.
• Execute additional projects and/or assigned tasks as requested by management and executives.

Competencies

• Connection - We build long-term relationships by collaborating with our clients and industry participants.
• Accountability - We are a trusted business partner operating with transparency and integrity.
• Innovation - We leverage technology to continuously improve how we serve our customers.
• Excellent analytical, communication and report writing skills.
• Ability to work independently and manage multiple projects with minimum supervision.
• Competent with finance and information technology functionality, structure, controls, and testing.
• Ability to clarify, probe and discuss information.
• Stay updated on the Institute of Internal Auditors Guidelines best practices including regulations and emerging trends.
• Above average people skills to efficiently manage business relationships with a wide range of leaders and individuals.
• Able to maintain confidentiality and work with a high degree of ethics, integrity and professionalism.

Formal education or experience

• Bachelor’s degree in accounting, Finance, Business, with a designation in CPA, CIA, CISA.
• Minimum of seven (7) years of internal auditing experience, preferably within a financial OSFI regulated organization.
• Strong knowledge of OSFI regulations and guidelines.
• Certificate or working knowledge related to AI Audit would be considered an asset.

Specialized skills or knowledge

• Strong analytical writing skills with the ability to produce clear, concise and well-structured analytical reports and documentation.
• Proven ability to present confidently and clearly to executive leadership.
• Successful completion of a Criminal Background check is required.

Comprehensive relocation support will be provided to the successful candidate

With us, It’s Personal