Audit Manager, Professional Practice

BMO is a financial services company committed to creating positive change for customers, communities, and employees. The Audit Manager role involves conducting audit engagements, providing independent assurance on internal controls, and acting as a trusted advisor to business groups, while supporting the development of annual audit plans.

Responsibilities

• Conduct audit engagements to critically assess management and internal control processes
• Report on audits to provide clear, concise insights on issues and potential issues to assist management in fulfilling mandates
• Provide 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
• Act as a trusted advisor to assigned business/group
• Influence and negotiate to achieve business objectives
• Identify emerging issues and trends to inform decision-making
• Provide critical input to Chief Auditor/Assistant Chief Auditor on the practical aspects of the audit and its execution
• Help to develop annual audit plan
• Provide input into Corporate Audit processes identifying opportunities to simplify
• Execute audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks
• Conduct advisory engagements and other engagements as required
• Determine impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services
• Identify and evaluate the impact of new and emerging technology and technology risk on the organization’s processes and control environment
• Utilize data analytics in advisory engagements to improve quality and efficiencies
• Develop 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
• Maintain the independence of the audit practice and its personnel
• Develop insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed
• Identify control deficiencies and provide a fair and balanced assessment of their magnitude
• Maintain 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
• Ensure that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by its Quality Assurance program and/or regulatory examination results
• Apply sound judgement in the execution of the assigned work and ensure open lines of communication
• Develop and maintain good working relations with key stakeholders
• Actively monitor change management initiatives and identify potential risks
• Actively participate and support Corporate Audit change initiatives
• Maintain and enhance professional audit qualifications in line with industry standards
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus
• Provide specialized consulting, analytical and technical support
• Exercise judgment to identify, diagnose, and solve problems within given rules
• Work independently and regularly handle non-routine situations

Skills

• Typically between 1-5 years of relevant audit experience and post-secondary degree in related field of study or an equivalent combination of education and experience
• Professional designations or business designation - CPA and a CIA would be a bonus
• Verbal & written communication skills - In-depth
• Collaboration & team skills - In-depth
• Analytical and problem solving skills - In-depth
• Influence skills - In-depth
• Data driven decision making - In-depth

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans

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