Director, Internal Audit

Firstontario Credit Union Limited; Hamilton; Remote; CAD 126,000 - 173,000; Full time

Benefits offered by this job

Competitive compensation

Health and wellness benefits

Professional development allowance

Pension plan

Flexible work environment

Employee assistance program

Volunteer program

Job summary

FirstOntario Credit Union is seeking an Internal Audit Director to lead a risk-based IAS plan and manage audit projects across the organization. You will develop conclusions, draft communications, and supervise IAS staff while coordinating with co-sourced providers.

You will progress the IAS strategic plan, evolve methodologies, and build strong stakeholder relationships within a primarily remote work environment. The role reports to the CAE and collaborates with the IAS Leadership team.

Qualifications

• 10+ years of risk-based audits in mortgages, retail and commercial lending, and treasury.
• CPA or CIA designation required.
• 2+ years leadership at director level or above.
• 5+ years coaching and mentoring teams.
• Experience in governance, risk management and control assessments.
• Ability to lead audits with internal and co-sourced resources.
• Familiarity with Global Internal Audit Standards and risk assessment.
• Experience in OSFI/FSRA-regulated environments (bank/credit union).
• Strong relationship building and communication across all levels.
• Excellent project management and initiative.

Responsibilities

• Develop and deliver a risk-based IAS plan.
• Lead IAS projects and audit tests per standards.
• Assess risks and evaluate controls across processes.
• Draft reports and summarize results for committees.
• Coach IAS team and manage co-sourced providers.
• Support IAS strategic plan, methodologies, and practices.
• Build relationships with key stakeholders across FCU.
• Represent IAS in management committees and cross-functional teams.
• Prepare materials for Audit Committee and senior leadership.
• Coach and develop IAS staff members.

Skills

Risk-based audits

CPA/CIA

Leadership 2+ yrs

Team management 5+ yrs

Governance & risk

Audit leadership

OSFI/FSRA experience

Relationship building

Communication skills

Project management

Strategic mindset

Remote-work adaptability

Education

CPA/CIA designation

Job description

Why FirstOntario?

• Competitive compensation packages
• Top-tier health and wellness benefits, including comprehensive benefits packages, a yearly health spending account and personal spending account
• Enhanced mental health benefits through SunLife and TELUS Health
• Exclusive banking benefits
• Up to $1000 per year towards professional development
• Pension Plan
• Flex-work environment
• Company-wide Employee Volunteer program (Blue Wave Program)
• Employee and Family Assistance Program

Job Overview

Internal Audit Services (IAS) is on a multi-year journey to build a strong, collaborative, risk-focused function to enable FirstOntario Credit Union (FCU) to achieve its strategic objectives. The Internal Audit Director will support the CAE with delivering its mandate to support the Audit Committee of the Board of Directors in their oversight role. This role reports to the VP, IAS (Chief Audit Executive) and, with the IT Audit Director, forms the IAS Leadership team.

Role:

• Support the CAE in developing and delivering a risk-based IAS Plan.
• Lead and execute IAS projects, including:
  • Develop and execute risk-based audit test programs and procedures in accordance with professional and industry standards;
  • Assess key business risks and evaluate the design and operating effectiveness of related processes and controls;
  • Develop conclusions and assess the impact of issues;
  • Draft reports and other materials to summarise and communicate results;
  • Supervise and coach IAS team members in executing their assigned audit work;
  • Manage co-sourced providers.
• Support the CAE in progressing the IAS Strategic Plan, including:
  • Developing IA methodologies, policies, and work practices;
  • Evolving awareness and maturity of IAS and 3 Lines of Defense across FCU.
• Develop and maintain strong relationships with key stakeholders.
• Represent IAS in various management committees and cross-functional teams.
• Support the CAE in developing materials for the Audit Committee and senior leadership.
• Coach and develop IAS team members.

Required Skills

• 10+ years of progressive experience in conducting risk-based business process audits in the following areas: Residential Mortgages, Retail and Commercial Lending, Treasury.
• Professional designations such as CPA, CIA.
• 2+ years leadership experience at the Director level or above.
• 5+ years of experience managing, coaching, and mentoring teams.
• Expertise in evaluating governance, risk management, and control processes.
• Must be comfortable leading internal audits across all areas of the organization with support through co-source and internal resources.
• Expert understanding of Global Internal Audit Standards and risk assessment practices.
• Experience in OSFI or FSRA regulated organization, preferably bank or credit union.
• Strong relationship building skills.
• Collaborative and d iplomatic, but with the necessary tenacity to have difficult conversations.
• Clear and influential written and verbal communication skills with all levels of the organization.
• Strong project management and organisation skills.
• Accountable, takes on responsibility, high degree of initiative.
• Progressive, strategic, business-enabler mindset, beyond the traditional internal auditor.
• Location: remote with potential for occasional corporate office events

This position is primarily remote, with potential for occasional corporate office events.

This posting is for an existing vacancy.

Salary Range: $125,909 to $173,125 annually.

Compensation for this role reflects a combination of skills, experience, and internal equity. Those whose experience more closely aligns the role's requirements may be placed higher within the salary range. You will learn more about FirstOntario Credit Union's total rewards package during the interview process.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.