The primary focus of this position is to work on internal audits within the North America General Account Group and the Wealth and Asset Management Segment of Manulife Financial. The General Account Group manages investment portfolios related to the insurance business, and the Wealth and Asset Management segment manages third party assets (i.e. mutual funds, institutional client funds, separately managed accounts). Audits of these businesses cover a wide range of asset classes in both the public and private markets, including equity, fixed income, derivatives, commercial mortgages, timber and agriculture. The audits include portfolio management & trading (front office), investment operations, compliance, and risk management.
The Senior Manager is accountable for completing assigned audit work of all types and the delivery of high quality, professional, cost-effective, improved and risk-based audit services. The Senior Manager works under the direction of the Senior Director and AVP.
Position Responsibilities:
- Lead audit staff assisting on projects and review completed files to ensure quality of work completed, and adherence to department and Internal Audit (IIA) standards.
- Lead projects within resource budgets and target dates, reporting any timing problems or budget over-runs to the Senior Director.
- Provide consulting support and training to business unit management through advisory services, while building effective relationships with management in assigned areas.
- Have adequate understanding of the risks being handled by the unit being audited and develop audit scope and audit programs to evaluate the controls in place to mitigate these risks.
- Possess analytical skills or an open-minded approach to exploring diverse auditing methods, utilizing data analytics for broader coverage, and exercise good judgment in assessing audit findings and crafting practical, value-added recommendations.
- Build audit reports that include an executive summary and provide recommendations for improving risk management practices. Make sure the reports are clear, concise, well-organized, and issued on time.
- Provide on-the-job training and feedback to team members assisting on assignments and contributing to their development.
- Present findings and recommendations to business unit management; resolve contentious issues and reach agreement on appropriate solutions.
- Use technology to improve the effectiveness and efficiency of the audit process.
Required Qualifications:
- Minimum of 6 years of progressive work experience.
- Experience and excellent knowledge of investments and asset management business risks, regulations, and processes is required.
- Knowledge of investment areas such as portfolio management, operations, credit risk, hedge accounting, complex derivative instruments, private equity investments and/or investment valuations would be desirable.
- Experience in using data analytics to improve audit coverage and efficiency of audit processes.
- University degree plus a relevant professional designation (CPA, CIA, CISA, CISSP, CFA, CBV, etc.)
- Have a deep understanding of business processes and their associated risks, analyze complex situations to draw appropriate conclusions, and offer practical, value-added recommendations.
- Strong leadership skills in supervising staff members and providing timely feedback.
- Innovative thinking and commitment to continuous improvement to enhance quality of audit work and efficiencies in audit processes.
- Good understanding of technology and its impact on business risks.
- Experience in working in an agile environment (e.g. agile auditing, agile projects) is beneficial.
Preferred Qualifications:
- Strong interpersonal skills and ability to effectively communicate ideas and recommendations orally and in writing, and to listen and consider ideas of others.
- Results oriented; ability to balance multiple priorities and projects.
- Ability to work independently and direct the work and development of others.
- Commitment to quality and results oriented.
When you join our team:
- We’ll empower you to learn and grow the career you want.
- We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
- As part of our global team, we’ll support you in shaping the future you want to see.