Manager, Internal Audit

at  AIMCo Alberta Investment Management Corporation

CLOSING DATE:

October 31, 2024
Opportunity
The Manager, Internal Audit, will be a key member of AIMCo’s Internal Audit team, supporting the department in executing a robust and risk-based audit plan. This role involves independently and collaboratively conducting audits across AIMCo’s diverse asset classes, risk management as well as corporate functions, and governance processes. The successful candidate will play a crucial role in providing independent and objective assurance to AIMCo’s Board of Directors and Executive Management, ensuring that the organization’s investment activities are well-governed, operating effectively, and aligned with AIMCo’s risk management objectives.

Responsibilities:

• Audit Execution & Reporting:Independently and collaboratively support the execution of the annual internal audit plan by conducting audits across AIMCo’s asset classes, corporate and risk management functions.
• Assist in the analysis and development of engagement objectives and scope.
• Conduct interviews, document reviews, substantive testing, and other audit activities to assess the adequacy and effectiveness of internal controls, governance processes, and risk management practices.
• Present and discuss audit findings and recommendations with relevant stakeholders, ensuring that findings are articulated clearly, logically, and factually.
• Audit Findings & Management Action Plans:
• Ensure that management action plans are thoughtful, relevant, constructive, and actionable, addressing the root causes of identified issues.
• Follow up on management responses to audit findings to ensure timely and effective remediation.
• Stakeholder Engagement & Relationship Building:
• Develop and maintain effective working relationships with staff across AIMCo’s business units to facilitate the audit process and foster a culture of continuous improvement.
• Collaborate with internal and external stakeholders to understand business strategies, identify risks, and recommend best practices for risk management and governance.
• Research & Benchmarking:
• Conduct research to identify industry benchmarks and best practices for assessing risks within AIMCo and the broader investment industry.
• Apply industry knowledge to enhance the effectiveness and relevance of audit engagements.
• Governance, Risk Management, & Control Expertise:
• Demonstrate a solid understanding of governance, risk management, processes, and controls within the context of internal auditing and investment management.
• Provide insights and recommendations on how Internal Audit intersects with and supports other risk management areas within AIMCo.
• Continuous Improvement & Professional Development:
• Continuously seek opportunities to enhance audit methodologies, tools, and techniques to improve the efficiency and effectiveness of the Internal Audit function.
• Stay current with industry trends, regulatory changes, and emerging risks that may impact AIMCo’s operations and audit practices.

Our Ideal Candidate Qualifications:

• Undergraduate degree in Business, Finance, Economics, or a related field. A professional designation such as CPA, CIA, CFA, FRM or equivalent is highly desirable.
• A minimum of 5 years of internal audit experience, preferably within the finance or investment industry. Experience in auditing investment risk, asset management, corporate functions or related areas is an asset.
• Strong knowledge of audit methodologies, risk management frameworks, and internal control systems. Familiarity with governance and compliance requirements in the financial services sector.
• Ability to analyze complex information, identify key issues, and develop actionable recommendations.
• Excellent verbal and written communication skills, with the ability to present audit findings clearly and persuasively to senior management.
• Proven ability to build strong relationships with internal and external stakeholders, demonstrating professionalism, integrity, and a collaborative approach.

Success Measures:
As the successful Manager, Internal Audit, you will be instrumental in the thorough and timely execution of audit engagements that enhance the governance, risk management, and control frameworks across AIMCo. Success in this role will be measured by your ability to deliver high-quality audit reports, effectively communicate findings and recommendations to stakeholders, and ensure the successful implementation of management action plans. Your ability to build strong relationships within AIMCo, demonstrate a deep understanding of risk management practices, and contribute to continuous improvement initiatives will be key indicators of your effectiveness and impact within the Internal Audit team.
Next Steps
We are excited to meet you. Please submit your resume or CV to be considered for this opportunity. Applications are being reviewed on a rolling basis and we will be in touch with any questions.
Final candidates will be asked to undergo a security screening, which includes a credit bureau and a criminal record investigation, the results of which must be acceptable to AIMCo.
ALERT - Be on the lookout for AIMCo career opportunities advertised through third parties that request an application fee or too much information. To verify, all opportunities are posted on aimco.ca/jobs
Just like our investments, our international team is stronger when we are diversified. At AIMCo, we draw upon the differences in who we are, where we come from, and the way we think to foster sophisticated solutions for Albertans. Doing business the right way means building an equitable organization inclusive of all races, genders, ages, abilities, religions, neurodiversity, identities, and lived experiences. Simply put, when you can show up as your authentic self every day, you and your team can truly thrive — all in service of our clients and their beneficiaries

• Audit Execution & Reporting:Independently and collaboratively support the execution of the annual internal audit plan by conducting audits across AIMCo’s asset classes, corporate and risk management functions.
• Assist in the analysis and development of engagement objectives and scope.
• Conduct interviews, document reviews, substantive testing, and other audit activities to assess the adequacy and effectiveness of internal controls, governance processes, and risk management practices.
• Present and discuss audit findings and recommendations with relevant stakeholders, ensuring that findings are articulated clearly, logically, and factually.
• Audit Findings & Management Action Plans:
• Ensure that management action plans are thoughtful, relevant, constructive, and actionable, addressing the root causes of identified issues.
• Follow up on management responses to audit findings to ensure timely and effective remediation.
• Stakeholder Engagement & Relationship Building:
• Develop and maintain effective working relationships with staff across AIMCo’s business units to facilitate the audit process and foster a culture of continuous improvement.
• Collaborate with internal and external stakeholders to understand business strategies, identify risks, and recommend best practices for risk management and governance.
• Research & Benchmarking:
• Conduct research to identify industry benchmarks and best practices for assessing risks within AIMCo and the broader investment industry.
• Apply industry knowledge to enhance the effectiveness and relevance of audit engagements.
• Governance, Risk Management, & Control Expertise:
• Demonstrate a solid understanding of governance, risk management, processes, and controls within the context of internal auditing and investment management.
• Provide insights and recommendations on how Internal Audit intersects with and supports other risk management areas within AIMCo.
• Continuous Improvement & Professional Development:
• Continuously seek opportunities to enhance audit methodologies, tools, and techniques to improve the efficiency and effectiveness of the Internal Audit function.
• Stay current with industry trends, regulatory changes, and emerging risks that may impact AIMCo’s operations and audit practices