Job Title	Senior Internal Auditor
Status	Full Time
Branch/Department	Audit Department
Reports to (title)	Director Internal Audit
Work Location	Ottawa Head Office

Put your skills to work for a unique organization where you will make a difference!

Alterna Savings is a vibrant and innovative financial services provider committed to supporting the well-being of our members, employees and communities.  We are the second largest Credit Union in Ontario with 129,000 members, 24 branches and consolidated assets in excess of $2 billion.  Further, Alterna Savings owns Alterna Bank, a Schedule 1 bank, which provides services to over 7,000 clients.

SCOPE OF POSITION

This senior position within the Internal Audit department is responsible for the successful management of the general audit team function within the Alterna group. This team is responsible for auditing the branch network for both Alterna Savings and Alterna Bank and their associated centralized processing units. This responsibility is carried out through the continuous auditing and analysis of key risk indicators (KRIs) supplemented by on-site fieldwork.

KEY ACCOUNTABILITIES/ ACTIVITIES

·         Supervise, lead, and directly/indirectly oversee the performance of the auditors in the general audit team in both Ottawa and Toronto.

·         Conduct an ongoing assessment of the risks associated with the branch network and associated processing centres.

·         Plan audits taking into consideration the organization's long-term business objectives, expansion plans, and growth strategies; as well as short-term changes in the control environment.

·         Ensure all audits and examinations are conducted in accordance with Alterna standards and the professional requirements established by the Institute of Internal Auditors.

·         Use Alterna audit system to generate, review and approve all the comprehensive audit working papers for audits under the incumbent supervision.

·         Create and review audit reports to ensure all are of a high professional quality.

·         Schedule all branch and associated processing general audit examinations within the required date parameters based upon established risk driven criteria.

·         Ensure all audits are conducted in a highly efficient manner and within the established budget.

·         Conduct critical assessments of control risk and provide constructive and definitive recommendations/comments on new/revised Alterna policies and procedures that impact the accounting/operations/compliance in the branches or processing centres.

·         Observe, analyze, discuss and provide recommendations for improving operational efficiencies, enhancing revenues and/or cost reductions to effectively manage for value and positively impact profitability.

·         Assisting the Director, Internal Audit with the preparation of the Annual Audit Plan; 

QUALIFICATIONS

·         University degree in business, accounting or auditing

·         5 years auditing experience

·         Excellent knowledge and understanding of all aspects of the operations of Alterna Savings, its By-laws, policies, the Credit Unions and Caisses Populaires Act of Ontario, DICO, and other regulatory requirements

·         Excellent knowledge and understanding of all aspects of the operations of Alterna Bank, its By-laws, policies, the Bank Act, OSFI, CDIC, operating in the province of Quebec, and other regulatory requirements

·         Knowledge of planning and risk assessment principles required to develop appropriate short term audit plans

·         Knowledge of the Generally Accepted Accounting Principles (GAAP) including rules, practices, procedures, principles, and conventions of general application

·         Knowledge of the Generally Accepted Auditing Standards (GAAS)

·         Knowledge of computer controls, theories, principles and practices.

·         Knowledge of the mandate, mission, operations and relationships among the principal operations of Alterna accountability structures, financial and other information systems used in formulation of policy and program delivery required to identify issues and risks, to conduct audits, formulate recommendations

·         Financial Industry knowledge

·         Experience in assessing and prioritizing risk areas across an organization

·         Bilingualism is an asset.

KEY SKILLS AND ABILITIES

·         Negotiation skills to negotiate plans, and corrective action by management.

·         Ability to effectively manage audit team to meet objectives, and to refer staff to the appropriate area for assistance regarding administrative and technical matters.

·         Knowledge of research methods needed to research and gather information from a variety of sources, including legislation, regulations, publications and policies, newsletters, conferences, workshops etc., which is used to conduct research of issues and concepts to develop audit project methodologies

·         Good written and oral communication skills.

·         Good analytical and organizational skills.

·         Ability to manage and carry out multiple tasks and priorities.

·         Ability to objectively confront controversial issues and situations.

·         Proven ability to maintain independence of thought and action.

·         Proven leadership and interpersonal skills, with the ability to work independently and/or lead in a team environment

·         Demonstrated ethical strength and willingness to embrace Alterna corporate values.

COMPENSATION

Alterna provides a competitive compensation package including staff perquisites, pension plan and employer funded health and dental plans.

We wish to thank all applicants in advance and advise that only candidates selected for an interview will be contacted.