Senior Manager, Internal Audit

At MCAN, we are proud of the team we have built and the development opportunities we provide to our team members. Our people are our most important assets in helping Canadians achieve the dream of homeownership.

We are a home for talented professionals looking to grow their careers and passionate about continuous learning and development.

We are certified from Great Place to Work Canada 2021-2023 and recognized as one of Canada’s Best Workplaces 2022-2023. We are also thrilled to be recognized on the 2024 list of Best Workplaces for Women!

We’re looking for a Senior Manager, Internal Audit to join the MCAN’s Internal Audit team. This is a hybrid role (Average 4 days in office, with flexibility as required).

Job Summary:

The Senior Manager, Internal Audit will be responsible for providing independent and objective assurance on the effectiveness of the organization's risk management, internal control, and governance processes. The successful candidate will report directly to the Chief Audit Executive and independently lead First Line audits including on Single Family Mortgages and Residential Construction Real Estate Financing.

We are looking for a top performer who is self-motivated and eager to learn. This role features a hybrid work model, with an expectation of 3-4 days per week in the office.

We are successful in Internal Audit when our People approach their work every day with a sense of intellectual curiosity, humility, and professional courage.

Responsibilities:

• Independently lead the execution of First Line Audits, including for Single Family Mortgages and Residential Construction Lending.
• Participate in key management meetings, review reports, and gather information from various oversight functions to promote the holistic coverage of key risks.
• Plan, execute, and report on assigned audits, develop detailed audit scope to ensure coverage of key risks, including preparing risk-based audit programs, documenting test results, and ensuring all required documentation is completed and retained.
• Lead meetings with Senior Management to discuss the audit planning, identify key risks to business objectives, and evaluate the effectiveness of controls.
• Present and discuss audit findings with Management, offering actionable recommendations to mitigate risk exposures and enhance operational efficiency.
• Work in partnership with business units to identify cost-effective controls to address audit deficiencies, resolve contentious issues, and agree on appropriate risk management solutions.
• Collaborate with other risk management and compliance functions within the company for audit planning and knowledge sharing, ensuring a unified approach to risk management.
• Report periodically on internal audit activities and performance relative to the audit plan, providing updates on progress and any significant findings. Support quarterly Audit Committee reporting.
• Track and follow up on internal audit and regulatory findings, ensuring effective implementation of corrective actions and closure of audit findings. Conduct audit testing where required to validate management’s corrective actions.
• Provide Management and the Chief Audit Executive with advice and opinions on best practices, regulatory requirements, and thematic risk and control matters.
• Supervise and coordinate the activities of internal audit co-sourced service providers, ensuring the quality of work and timely delivery of audit engagements.

Qualifications:

• Minimum 6 years of experience in internal audit, credit risk, underwriting, and/or related lending disciplines at OSFI regulated financial institutions.
• A CPA or CIA designation is required; CFA, CISA, or other designations are beneficial.
• Must have demonstrated experience in independently leading internal audits from planning to reporting; proven ability to finalize audit findings with Management.
• Bachelor’s degree in accounting, Finance, Business Administration, Applied Mathematics, or a related field; Masters are a plus.
• Prior Big 4 experience is strongly preferred, particularly from Internal Audit and/or Risk Advisory/Consulting, focusing on Major Financial Risks (e.g., Credit, Liquidity).
• Experience in leading and managing co-sourced service providers is beneficial.
• Willingness to roll up your sleeves to get work done with minimal junior support (e.g., a very strong individual contributor will enjoy this role).

Skills:

• Exceptional communication and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Ability to understand complex business processes and their risk implications.
• High attention to detail and organizational skills.
• Ability to work independently and collaboratively in a team environment.
• Strong project management skills and ability to meet deadlines.
• Commitment to professional development and continuous improvement.
• Ethical integrity and the ability to maintain confidentiality.

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

We believe great work and collaboration can happen anywhere, which is why we are a permanent hybrid work environment! We equip our team with great technology and empower them to deliver their best results.

We are dedicated to building an organization that reflects the diversity of our clients and the communities we serve across Canada. Do you possess and value the same attributes? Are you interested in your own development? Then come join our team!

Requests for accommodation can be made at any stage in the recruitment process.

We thank all applicants for their interest but only those selected for further consideration will be contacted.

MCAN is committed to providing accommodation to applicants throughout the job application and interview process to the point of undue hardship. If you require any accommodations, please contact our Human Resources team at hr@mcanfinancial.com.