Audit Analyst, Winter 2027 (Co-op/Internship) - 4 Months

BMO; Toronto; On-site; CAD 50,000 - 93,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group is seeking an Audit professional in Canada to conduct audits, advise on governance and control improvements, and collaborate with management to strengthen risk controls. The role emphasizes data analytics, independence, and professional growth within Corporate Audit.

Applicants typically hold a post-secondary degree with CPA/CIA designs, strong Excel and communication skills, and a proactive, self-starting attitude.

Qualifications

• Typically a post-secondary degree in related field of study - recent graduates.
• Professional designations such as CIA, CPA-Audit.
• Specialized knowledge from education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.

Responsibilities

• Executes audits recognizing inherent, control, and regulatory risks across groups.
• Conducts advisory engagements and other engagements as required.
• Determines impacts of changing strategies and risks on audit and advisory work.
• Evaluates new technology risks on processes and controls.
• Uses data analytics in advisory engagements to improve quality and efficiency.
• Gleans insights from strategies and policies to improve enterprise controls.
• Maintains independence of the audit practice.
• Contributes to objective audit reports with fair assessments.
• Identifies control deficiencies and provides balanced assessments.
• Keeps knowledge of industry and regulatory environment to inform planning.
• Ensures procedures follow Corporate Audit Methodology and QA standards.
• Applies sound judgement and maintains open communication.
• Develops and maintains good stakeholder relations.
• Monitors change management initiatives and supports Corporate Audit changes.
• Maintains and enhances professional audit qualifications.
• Focus may be on a business/group.
• Thinks creatively and proposes new solutions.
• Exercises judgment to diagnose and solve problems within rules.
• Works mostly independently.
• Broader work or accountabilities may be assigned.

Skills

CPA pursuit

Audit experience

Excel skills

Communication

Detail oriented

Curiosity

Education

Post-secondary degree

CPA/ CIA designation

Specialized knowledge

Verbal & written skills

Collaboration & teamwork

Analytical & problem solving

Influence skills

Job description

Additional Skills

• Interest in pursuing their CPA
• Audit experience is an asset
• Strong advanced Excel skills
• Solid communication skills
• Detail oriented and a self-starter
• Curious with a willingness to take on new tasks and challenges

Conducts audit engagements to critically assess management and internal control processes, approving the nature, extent and timing of the audit, its execution and the formulation of insightful audit reports. Reports on audits to provide clear, concise and memorable insights on issues and potential issues to assist management in fulfilling mandates. This work provides vital assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company. This work is instrumental in identifying unacceptable/high risk circumstances that could lead to material impact on profitability or reputation. Provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.

Responsibilities

• Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks. This may encompass individual audits and broader capstone audits of Enterprise level functions/processes.
• Conducts advisory engagements and other engagements as required.
• Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services.
• Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment.
• Utilizes data analytics in advisory engagements to improve quality and efficiencies.
• Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes.
• Maintains the independence of the audit practice and its personnel.
• Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed. Deliverables must be objective, clear, concise and timely.
• Identifies control deficiencies and provides a fair and balanced assessment of their magnitude.
• Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment.
• Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by it’s Quality Assurance program and/or regulatory examination results.
• Applies sound judgement in the execution of the assigned work and ensures open lines of communication.
• Develops and maintains good working relations with key stakeholders.
• Actively monitors change management initiatives and identifies potential risks.
• Actively participates and supports Corporate Audit change initiatives.
• Maintains and enhances professional audit qualifications in line with industry standards.
• Focus may be on a business/group.
• Thinks creatively and proposes new solutions.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works mostly independently.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Typically a post-secondary degree in related field of study-recent graduates.
• Professional designations or business designation such as CIA, CPA-Audit.
• Specialized knowledge from education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.

Salary

$50,100.00 - $93,000.00

Pay Type

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.