Position Title: Senior Internal Auditor (Credit)
Location Options: Ottawa, ON; Toronto, ON; Montreal, QC
Work Model: Hybrid, 2-3 days per week onsite

ADDITIONAL NOTES:

Our client is a global financial services crown corporation that supports business growth worldwide. It offers a collaborative, inclusive culture with strong development opportunities, flexible work options, and a focus on employee well-being.
If you’ve built your career in banking, financial services, or insurance—and know credit risk, commercial lending, and internal audit inside and out—this is your chance to step beyond routine audits and influence decisions that shape the future of a leading Crown corporation. You’ll work on complex portfolios, partner with senior leaders, and gain a holistic view of the organization while contributing to projects that strengthen governance, mitigate risk, and deliver lasting impact.
We are seeking an experienced and highly motivated Senior Internal Auditor with deep expertise in credit risk to join our client’s dynamic audit team. As part of a multi-disciplinary group providing independent, objective assurance and advisory services across the organization, you will play a key role in assessing and enhancing controls within the organization’s financing and insurance portfolios, as well as supporting audits in finance, human resources, and ESG risk management practices. This role offers a unique opportunity to gain a holistic view of the corporate operations while applying your credit knowledge to evaluate complex commercial portfolios, underwriting practices, and loan management processes. If you have a passion for innovation, a commitment to excellence in customer service, and the ability to build trusted relationships, we want to hear from you.

Key Responsibilities:

• Lead the planning, execution, and reporting of audits, with a primary focus on Credit Risk, Enterprise Risk Management, Compliance, and Ethics.
• Conduct comprehensive reviews of complex commercial loans, assessing credit quality, underwriting strategy, facility structure, approvals, portfolio performance monitoring, annual reviews, risk ratings, problem loan management, and credit file integrity.
• Validate credit and financial information to determine borrower/guarantor creditworthiness and verify the adequacy and compliance of loan and collateral documentation.
• Develop and execute comprehensive risk assessments and audit programs, incorporating stakeholder interviews, process walkthroughs, and documentation reviews.
• Engage with underwriters, adjudicators, analysts, credit administrators, and management to gather insights and communicate findings in a logical, constructive manner.
• Oversee fieldwork to ensure audit procedures effectively assess the control environment, leveraging data analytics, application control testing, and AI tools where applicable.
• Contribute to the ongoing enhancement of audit methodologies, tools, and processes to drive continuous improvement.
• Draft clear and concise audit findings and reports, supporting clients in developing actionable remediation plans.
• Proactively monitor the implementation of agreed-upon action plans to ensure timely resolution.
• Build and maintain strong client relationships throughout the audit lifecycle through effective written and verbal communication.
• Mentor and coach junior audit team members, fostering technical growth and professional development.
• Manage multiple priorities while working independently or collaboratively within a team environment.

The ideal candidate will hold an undergraduate degree in Accounting, Finance, Business Administration, or a related field, complemented by a minimum of seven years’ experience in internal audit or a related discipline. They will bring strong knowledge of internal audit methodologies, professional standards, and practices, along with expertise in credit risk, commercial lending, and structured finance products and processes, particularly within corporate and investment banking activities. Proven project management skills, strong business acumen, and a deep understanding of products and business processes in the financial services sector are essential. Exceptional oral and written communication skills, active listening abilities, and the capacity to build trust with business teams are key to success in this role, as is the ability to collaborate across functions to design and implement effective solutions. A commitment to continuous improvement is a must. Candidates will stand out if they have direct experience auditing credit risk areas and possess in-depth knowledge of credit risk processes, analytics, and risk management practices in the financial services and/or insurance industry. Additional assets include experience in data analytics and generative AI tools (e.g., Microsoft Copilot), ESG-related audits, IFRS-compliant financial statement audits, and proficiency with audit software such as Auto Audit. Bilingual proficiency in French and English, and completion of a recognized designation such as CPA, CIA, MBA, or equivalent, will be considered strong advantages.

What will make you stand out:

• Direct experience auditing commercial credit risk areas, with in-depth knowledge of commercial credit risk processes, analytics, and risk management practices in the financial services and/or insurance industry.
• Proven ability to assess complex commercial lending transactions, structured finance products, underwriting, and corporate or investment banking activities.
• Hands-on expertise in data analytics and generative AI tools (e.g., Microsoft Copilot) to enhance audit insights and efficiency.
• Experience in ESG-related audits and IFRS-compliant financial statement reviews.
• Bilingual proficiency in French and English, supported by a recognized professional designation such as CPA, CIA, MBA, or equivalent.

Interested candidates are encouraged to reach out to Britt at bmiles@recruitinginmotion.ca
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At Recruiting in Motion, we may leverage AI-powered tools in our recruitment process. AI will never reach out to our candidates directly. For personalized assistance or more details on our recruitment process, please contact our hiring team.

• Lead the planning, execution, and reporting of audits, with a primary focus on Credit Risk, Enterprise Risk Management, Compliance, and Ethics.
• Conduct comprehensive reviews of complex commercial loans, assessing credit quality, underwriting strategy, facility structure, approvals, portfolio performance monitoring, annual reviews, risk ratings, problem loan management, and credit file integrity.
• Validate credit and financial information to determine borrower/guarantor creditworthiness and verify the adequacy and compliance of loan and collateral documentation.
• Develop and execute comprehensive risk assessments and audit programs, incorporating stakeholder interviews, process walkthroughs, and documentation reviews.
• Engage with underwriters, adjudicators, analysts, credit administrators, and management to gather insights and communicate findings in a logical, constructive manner.
• Oversee fieldwork to ensure audit procedures effectively assess the control environment, leveraging data analytics, application control testing, and AI tools where applicable.
• Contribute to the ongoing enhancement of audit methodologies, tools, and processes to drive continuous improvement.
• Draft clear and concise audit findings and reports, supporting clients in developing actionable remediation plans.
• Proactively monitor the implementation of agreed-upon action plans to ensure timely resolution.
• Build and maintain strong client relationships throughout the audit lifecycle through effective written and verbal communication.
• Mentor and coach junior audit team members, fostering technical growth and professional development.
• Manage multiple priorities while working independently or collaboratively within a team environment