Auditor - Real Estate Secured Lending x2

Nexus Systems Group Inc.; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading consulting firm in Toronto is seeking a seasoned auditor specializing in Real Estate Secured Lending. The ideal candidate will have over 10 years of experience and a graduate degree in a quantitative field. You will execute audits, assess governance, and report findings in a hybrid work environment, with flexibility in work days. Opportunities for professional development and working on high-visibility projects exist.

Benefits

Exposure to high-visibility initiatives

Flexible working environment

Qualifications

• 10+ years of experience in Real Estate Secured Lending retail credit risk management.
• 5+ years’ experience as an Auditor in retail credit risk management.
• 5+ years’ experience in Retail Credit Provisioning.

Responsibilities

• Execute audit activities independently or as Officer-in-Charge (OIC).
• Assess effectiveness of governance and management oversight.
• Draft audit findings and reports for management.

Skills

Real Estate Secured Lending expertise

Retail credit risk management experience

Data analytics using SAS, R, or Python

Proven training/presentation skills

Bilingual in Spanish

Education

Graduate degree in Mathematics, Finance, Economics, or Statistics

Tools

SAS

R

Python

PowerBI

Job description

Overview

Location: Hybrid - Toronto – 3 days/week (Tuesdays, other days flexible depending on team schedule)

Contract Duration: 12 months

Possibility of extension

Number of Positions: 2

Schedule Hours: 8:30am-5pm Monday-Friday; standard 37.5 hrs/week

Reason: Additional workload

Story Behind the Need

Business group: Retail Credit Risk Management Audit 2 - The Bank's Internal Audit Department plays a key role as the Third Line of Defense. The Retail Credit Risk Management Audit Group has responsibility for providing independent assurance over the effectiveness of controls for retail credit risk management.

Project: Regular audit work - The position will provide independent, objective assessment, and evaluation of the effectiveness of internal retail risk management controls relating to Real Estate Secured Lending’s Program Enhancements across the credit lifecycle (i.e. adjudication, underwriting, account management, collections and provisioning). The incumbent will provide high quality, value-added recommendations to management relating to control testing. The incumbent will ensure that department standards are met on all assignments.

Candidate Value Proposition: The successful candidate will have the opportunity to gain exposure to risk management, audit, and corporate governance, and regulatory work, with potential to work on high visibility initiatives, for a top 5 Canadian Bank.

Typical Day in Role

Auditing and Execution

• Execute assigned audit activities independently as a team member or Officer-in-Charge (OIC).
• Assess the overall effectiveness of governance and management oversight over Real Estate Secured Lending Program Enhancements.
• Assess controls across credit risk functions, including regulatory obligations, policies, risk appetite and limits, adjudication and exception frameworks, risk systems, risk reporting, account management, collections, and data governance and data quality, provisioning.
• Determine the efficiency, effectiveness, integrity and reliability of internal controls in relation to defined control requirements, employing data analytics to support conclusions, where applicable.
• Execute and manage assigned activities independently in accordance with the Department Standards ensuring audit testing is sufficient and appropriate to support the audit opinion.
• Document all audit work performed to ensure appropriate working papers are maintained and conform to department standards.

Problem Identification

• Identify and assess materiality of control weaknesses ensuring facts are gathered and determine the root cause of the problem impact, prepare / review audit findings, as applicable.

Reporting/Communication

• Draft audit findings, reports and correspondence to management. Ensure writing is clear, concise and accurate.
• Present and discuss findings and progress with management, as required.
• Follow up on open action items and/or new audit issues raised.
• Works independently within the mandate of the Department, and with periodic consultation from the Director and/or Vice President.
• Escalates issues impacting deadlines, risk, and material error.
• Identifies changes to the scope/extent of assigned work based on initial research/audit findings and seeks input from the Director.

Candidate Requirements / Must Have Skills

1. 10+ years of experience as Real Estate Secured Lending retail credit risk management, with a deep understanding of retail credit risk management Real Estate Secured Lending policies, methodologies, strategies, and processes
2. 5+ years’ experience as an Auditor in retail credit risk management
3. 5+ years’ experience in Retail Credit Provisioning
4. 5+ combined experience with all these data analytical tools: SAS, R or Python and PowerBI
5. Proven track record of training / presenting to large stakeholder groups

Nice-To-Have Skills

1. Change management testing experience
2. Bilingual in Spanish

Soft Skills Required

• Ability to write clearly and concisely – strong communication skills
• Strong strategic, analytical, problem-solving, and critical thinking skills.
• A self-starter / takes initiative, deals well with ambiguity, is detail oriented.
• Highly organized, ability to work in a dynamic and fast paced environment and multitask
• Strong people skills, including relationship building with clients.

Education

A graduate degree in a quantitative discipline (e.g., Mathematics, Finance, Economics, or Statistics).

Best vs. Average Candidate

The ideal candidate will have 10+ years of experience in Real Estate Secured Lending retail credit risk management, knowledge of risk management regulatory framework, and be proficient in advanced data analytics. The incumbent should also have good presentation and report writing skills, display good balance between technical knowledge (decision support systems and technology) and soft skills. They should be comfortable with multi-tasking and work in a fast paced environment, and hit the ground running independently / with minimal hand-holding, can take initiative and doesn’t need constant direction to produce. Spanish is nice to have because they sometimes work with international stakeholders though would prioritize a candidate strong with the must haves over the bilingualism.

Candidate Review & Selection

1-2 Rounds – preferable in person at 44 King – Tuesdays + Thursdays so likely March 27th, April 1st and 3rd - with HM and likely some team members – risk related questions, data analytics, behavioral

Hiring Manager’s availability to interview: ASAP