Chief Internal Auditor Full Time

The role of the Chief Internal Auditor (CIA) is responsible for managing the internal audit function. The CIA is responsible for establishing an appropriate infrastructure and providing assurance and advisory services in delivering a value-added function.  The CIA provides assurance to senior management and the Board of Directors that effective and efficient policies and procedures are in place, well understood and followed by all employees, and that the corporation is complying with all relevant regulatory requirements. The CIA is responsible for informing the Board of Directors and the Chief Executive Officer (CEO) of sensitive matters within the purview of the CIA role, and any operational or compliance irregularities and violations.

The CIA reports to the Chair of the Audit Committee and administratively to the President & CEO. The incumbent also supports the Mint’s Audit Committee in meeting its obligations with respect to internal audits.

Key Responsibilities:

• Provide a systematic, objective and independent evaluation to the Audit Committee and CEO of the diverse operations and internal controls within the organization to determine whether:

a.       financial and operational information is accurate and reliable;

b.       risks to the enterprise are identified and appropriately mitigated;

c.       external legislation and regulations and internal policies and processes are implemented, followed and monitored by senior management;

d.       appropriate operating performance criteria are met;

e.       organizational resources are used efficiently and economically;

f.        assets are properly safeguarded; and,

g.       the organization’s objectives are effectively achieved.

• Develop strong independent professional relations with Mint employees and provide support to the CEO, Vice-Presidents and senior leaders.
• Develop and oversee annually the establishment of 3 –year Risk-Based Audit Plan (RBAP) setting out the priorities of the internal audit function, including detailed planning of the audit activities and ensure their implementation.  The RBAP is based on organizational objectives, risk management strategy and practices, management control frameworks and processes as well as financial and operational performance information.
• Manage the Internal Audit’s annual budget, including regular review of variances to the original budget.
• Lead and manage the Internal Audit team and ensure the satisfactory performance and professional development and growth of individual team members.
• Meet regularly with the CEO and other applicable executive and senior management representatives to establish audit objectives, discuss draft audit results, and recommendations; follow-up on audit reports previously submitted to the Audit Committee, in order to assess that proper actions or corrective measures have been taken on agreed-upon recommendations.
• Recommend the right balance between Assurance and Consulting/Advisory Services to be provided by the IA organization and assure its compliance with the International Standards for the Professional Practice of Internal Auditing promulgated by the Institute of Internal Auditors, including adhering to its Code of Ethics which calls for high level of integrity, objectivity, confidentiality, and competency.
• Communicate periodically with the Audit Committee and CEO on the internal audit activity’s purpose, authority, responsibility and performance relative to its plan.  Communications should include the findings, significant risk exposures and control issues, corporate governance issues, and other matters needed or requested by the Audit Committee or senior management.
• Review and propose modifications to the Audit Committee Charter, as required.
• Conduct investigations in circumstances related to suspected fraud matters in accordance with the corporation’s investigation framework or at the request of the CEO, the Audit Committee or the Senior Vice President, Finance and Administration and Chief Financial Officer.
• Meet with the Office of the Auditor General of Canada and external auditors as necessary to discuss internal audit matters.
• Other duties that may be assigned by the Audit Committee and CEO, as required.

Requirements:

• University degree in related area including Chartered Professional Accountant and Certified Internal Auditor designations
  Minimum of 15 years of related business experience in managing and conducting financial, operational, compliance and information technology audits
• Minimum of 15 years of progressive management experience
• Sound knowledge of internal audit standards, practices, procedures and IIA Code of Ethics
• Demonstrated experience in auditing financial, operational, compliance and information technology areas
• Experience in Project management and leadership skills to ensure attention to detail and execute projects/ engagements to a successful conclusion
• Proven ability to multi-task, problem-solve and prioritize without compromising details to accuracy or work deadlines
• Knowledge of and experience in managing external consultants
• Strong analytical skills to identify issues, potential risks and root causes, in order to suggest effective improvements
• Excellent listening, writing and verbal communication skills that retains trust, gains buy-in and encourages ownership by relevant stakeholders to implement improvements
• Excellent business acumen and strategic thinking skills
• Certified Information Systems Auditor designation is an asset
• Knowledge, experience or designation in fraud investigation is an asset
• Experience with manufacturing organizations is an asset
• Bilingual (English and French) mandatory

Ready to mint your career? Please forward your resume to careers@mint.ca. We thank all candidates who apply, and we will contact you if you are selected for further consideration.

Tagged as: audit