Sr. audit manager, commercial
Bank Of Montreal (BMO) based in Toronto, ON is inviting applications from suitable candidates for the position of Sr. audit manager, commercial. Bank of Montreal (BMO) is a prominent financial institution. It offers a comprehensive range of banking services including personal and commercial banking, wealth management, and investment banking. BMO plays a vital role in financial landscape, catering to diverse financial needs with personalized services and expert financial advice. The candidates selected for the vacancy will be required to start the work as soon as possible.
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Job Description:
Employer Name: Bank Of Montreal (BMO)
Position: Sr. audit manager, commercial
No of Vacancies: 3
Salary: $92400.00 – $171600.00 yearly
Employment Type: Full time
Job Family Group: Audit, Risk and Compliance
Location: Toronto, ON
Job ID: R240012478
Requirements:
Languages: Candidates must have knowledge of the English Language
Education: Candidates should have completion of post-secondary degree
Experience: Candidates should have 7+ years of experience in the relevant field
Physical Requirements:
- The candidates should have collaboration and team skills with a focus on cross-group collaboration at an in-depth or expert level
- The candidates should excel in data-driven decision-making at an in-depth or expert level
- The candidates should manage people and lead a team capable of delivering desired business results
- The candidates should apply expertise and think creatively to address unique or ambiguous situations and find solutions to problems that can be complex and non-routine
- The candidates should implement changes in response to shifting trends and manage ambiguity effectively
Other Requirements:
- The candidates should provide strategic input into business decisions as a trusted advisor and meet regularly with business or group stakeholders to identify changing strategies, tactics, and initiatives across the business group or corporate area, and critically evaluate and direct changes to the nature, extent, and timing of the audit and related procedures and develop insightful discussion points contributing to audit reports that provide a fair and balanced assessment of governance, risk, and control processes based on audit work performed. Deliverables must be objective, clear, concise, and timely and identify control deficiencies and provide a fair and balanced assessment of their magnitude
- The candidates should manage resources and lead the execution of strategic initiatives to deliver on business and financial goals and determine business priorities and the best sequence for executing business or group strategy and develop the business case by identifying needs, analyzing potential options, and assessing expected return on investment and act as the prime subject matter expert for business, group, stakeholders, including colleagues across Corporate Audit nd ensure alignment between stakeholders and provide proactive leadership and direction to team members and provide feedback supporting or completing performance assessments
- The candidates should define business requirements for analytics and reporting to ensure data insights inform business decision-making and provide “big picture” insights based on knowledge and research enhancing the Division’s value proposition with senior leadership and business groups and, where appropriate, broad communications identifying revenue and cost management opportunities for business units or groups to assist in achieving their business goals, including profitability
- The candidates should collaborate across BMO to develop communications strategies and ensure consistency of messaging to positively influence or change behavior and develop an annual audit plan aligned well with client strategies and tactics, encompassing appropriate areas of focus based on the business and operating risks of the unit and where appropriate, hire and onboard new team members
- The candidates should continue to develop a highly engaged team with specialized expertise and ensure the work of subordinates is well executed in accordance with Audit’s standards and that their judgments are sound, well-documented, and repeatable and manage regular performance and performance assessment of all staff for which they are responsible, recognizing the appropriate value and timing of rewards
- The candidates should execute audits with full recognition of the risks of the group, encompassing inherent risks, control risks, internal or external environment, and regulatory risks, including individual audits and broader capstone audits of Enterprise level functions or processes and conduct advisory engagements and other engagements and determine the impact of changing strategies, tactics, risks, and initiatives on audit, advisory, and investigative services and evaluate the impact of new and emerging technology and technology risk on the organization’s processes and control environment
- The candidates should utilize data analytics in advisory engagements to improve quality and efficiencies and develop an awareness of business strategies, policies, and standards, providing meaningful insights based on knowledge and research to continue improving Enterprise management and control processes and maintain the independence of the audit practice and its personnel and maintain a working knowledge of the industry, regulatory, broad economic environment, and internal environment, as well as the development of new strategies and plans, opportunities, and risks, to obtain an understanding of the control environment
- The candidates should ensure that all audit procedures executed are conducted in accordance with Corporate Audit Methodology as confirmed by its Quality Assurance program and regulatory examination results and sound judgment in the execution of assigned work and ensure open lines of communication and actively monitor change management initiatives and identify potential risks and and maintain good working relations with key stakeholders
- The candidates should actively participate in and support Corporate Audit change initiatives and maintain good working relations with key stakeholders and enhance professional audit qualifications in line with industry standards and operate at a group or enterprise-wide level and serve as a specialist resource to senior leaders and stakeholders and Broader work or accountabilities and typically have an equivalent combination of education and experience and hold professional designations or business designations such as CIA, CPA-Audit
- The candidates should meet credit qualification requirements according to the standards established within the Credit Qualification Process Policies and Procedures and seasoned professionals with a combination of education, experience, and industry knowledge and in-depth or expert verbal and written communication skills and demonstrate in-depth or expert analytical and problem-solving skills and possess in-depth or expert influence skills
Responsibilities:
- The candidates should be able to report on audits to provide clear, concise, and memorable insights on issues and potential issues
- The candidates should be able to assist management in fulfilling mandates by providing vital assurance to the Board of Directors and senior management
- The candidates should be able to provide assurance on the quality of internal control systems and help reduce the risk of loss and reputational damage to the Company
Benefits:
- The candidates will get health insurance, tuition reimbursement, accident and life insurance, and retirement savings plan
How to apply:
If the position is fit for you and the basic requirements are fulfilled then you can now apply directly to the employer (along with your resume) through the below-mentioned details.
We thank all the applicants for showing their interest and trust in us, however, only the most eligible candidates will be selected and conducted for further procedure directly from employers, in between no charges/fees or original documents will be asked from any applicant. All the best!