Career Opportunity
Role Title
Audit Manager
Purpose of role
The role of Internal Audit is to ensure that key organizational and procedural internal controls are appropriate and operating effectively; and that policies are being complied with.
Reporting to the AVP Internal Audit Operations, the Audit Manager is responsible for leading more technical audits. This includes the execution of the planning, fieldwork and reporting of assigned audits within budgeted hours and timelines. This may require supervising assigned staff on the audits. This is a Hybrid position, requiring a minimum of two (2) days per week in the office.
Job Description

Key Responsibilities

• Plan and conduct audits in accordance with IIA’s generally accepted audit practices and procedures under the general guidance of a supervisor
• Develop a working knowledge of the area being reviewed, ensure that the area complies with all relevant regulations, laws, and standards, be able to understand the impact and significance of audit findings, and be able to assist management in recommending corrective actions necessary to address the procedural weaknesses and improve the organizations controls
• Collect, examine, analyze, and verify information about the organization’s systems and processes by reviewing manuals, policies, reports (Management, Third-Party), financial information, and other written materials, and by interviewing organizational members, where required
• Develop the Data Analytics performed on all audit engagements
• Organize and schedule the audit activities to ensure that audits are completed on time
• Prepare (or review) detailed audit working paper files, as documentation of audit testing, in accordance with Internal Audit Department (IAD) standards
• Develop recommendations for changes to processes and systems that will minimize risk, improve performance and productivity
• Prepare audit reports that accurately document the business process
• Ensure the completeness and accuracy of all audit reports (including ensuring the findings are correctly stated in the reports)
• Time reporting on a weekly basis
• As assigned, on a quarterly basis complete “follow-up” testing of management action items established in previous audits
• Coach less experienced team members and help them resolve problems
• Develop working relationships with business unit’s leaders (Managers), such as Operations, IT, Legal and Compliance, Finance, Risk Management and Actuarial
• As assigned, assist in conducting IT audit tests
• Participate as one of Internal Audit’s representatives on Foresters strategic, operational and information systems projects or committees
• Conduct or participate in on-site audits of North American or UK subsidiaries and Third-Party Administrators
• As assigned, participate in external audit assistance or other regulatory work assignments
• Work on audit engagements, including IT Audits, special projects (e.g. special reviews, consultations, and other assignments)
• Perform Data Analytics or support on work assignments or special projects
• Perform the responsibilities/accountabilities of the audit staff

Key Qualifications

• Minimum university degree or community college diploma in accounting, finance or business
• Professional designations e.g. CPA (CA, CGA, CMA), CIA or equivalent are desired
• Minimum 5 years’ experience in external and/or internal auditing in the financial services industry (insurance and/or asset management preferred); This experience should include risk based audit planning, execution, file completion and reporting
• Familiarity with the Institute of Internal Auditors (IIA) International Standards of Practice and must be considering or be in the process of pursuing a CIA designation
• General understanding of regulatory environment in North America and the United Kingdom
• Excellent verbal and written communication, specifically audit report writing and should be technically proficient with personal computing, Microsoft Office Applications (Word, Excel, PowerPoint, Access), Visio
• Experience with IDEA, ACL or similar data analysis software would be an asset
• Experience with Xcellerator software would be an asset
• Experience with TeamMate audit management software would be an asset
• Strong risk assessment, evaluation and negotiation skills
• Strong interpersonal, coaching and leadership skills
• Excellent planning, project management and organizational skills
• Must have an ability to travel, as required, within Canada and UK within 1-2 weeks’ notice
• FLMI or CISA designation an asset
• Experience with IT audits an asset
• Must have a valid passport and unrestricted access to enter the UK
• Up to 10% travel per year to the United Kingdom may be required

LI-Hybrid

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.
Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email
accommodations@foresters.com in advance of your appointment.
Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team

• Plan and conduct audits in accordance with IIA’s generally accepted audit practices and procedures under the general guidance of a supervisor
• Develop a working knowledge of the area being reviewed, ensure that the area complies with all relevant regulations, laws, and standards, be able to understand the impact and significance of audit findings, and be able to assist management in recommending corrective actions necessary to address the procedural weaknesses and improve the organizations controls
• Collect, examine, analyze, and verify information about the organization’s systems and processes by reviewing manuals, policies, reports (Management, Third-Party), financial information, and other written materials, and by interviewing organizational members, where required
• Develop the Data Analytics performed on all audit engagements
• Organize and schedule the audit activities to ensure that audits are completed on time
• Prepare (or review) detailed audit working paper files, as documentation of audit testing, in accordance with Internal Audit Department (IAD) standards
• Develop recommendations for changes to processes and systems that will minimize risk, improve performance and productivity
• Prepare audit reports that accurately document the business process
• Ensure the completeness and accuracy of all audit reports (including ensuring the findings are correctly stated in the reports)
• Time reporting on a weekly basis
• As assigned, on a quarterly basis complete “follow-up” testing of management action items established in previous audits
• Coach less experienced team members and help them resolve problems
• Develop working relationships with business unit’s leaders (Managers), such as Operations, IT, Legal and Compliance, Finance, Risk Management and Actuarial
• As assigned, assist in conducting IT audit tests
• Participate as one of Internal Audit’s representatives on Foresters strategic, operational and information systems projects or committees
• Conduct or participate in on-site audits of North American or UK subsidiaries and Third-Party Administrators
• As assigned, participate in external audit assistance or other regulatory work assignments
• Work on audit engagements, including IT Audits, special projects (e.g. special reviews, consultations, and other assignments)
• Perform Data Analytics or support on work assignments or special projects
• Perform the responsibilities/accountabilities of the audit staf