AVP, Internal Audit Operations

Purpose of role The role of Internal Audit is to ensure that key organizational and procedural internal controls are appropriate and operating effectively; and that policies are being complied with. Reporting to the SVP and Chief Internal Auditor (CIA), the AVP is responsible for providing leadership to a team of Audit Senior Manager(s), Audit Manager(s), Senior Auditor(s) and Auditor(s). The incumbent will be responsible for the overall management of the Operations Audit team including the planning, scheduling, assigning, coaching and mentoring staff, reviewing audit files and audit reports, as well as assist with the day to day management, administration and reporting for the Audit department, CIA and Audit Committee (as per CIA request).

Key Responsibilities

Managing and overseeing the North America and UK audits. This includes, operational, compliance, and financial audits/reviews.

Assist the SVP and CIA, in designing and creating the annual audit plans, Maintaining the Audit Universe and keeping it up to date

Presenting ad-hoc to the Board/ACC

Managing and coaching Internal Audit Operations Team

Managing co-source arrangements

Executing technical audits

Executing technical data analytics on engagements/audits

Training IA Department on best practices and enhancing Internal Audit Processes

Internal Control Training - Develop and update the Internal Control Training module for HR to use as the annual training requirement for Foresters North America and UK staff on internal controls and risk

Benchmarking the Internal Audit Department for best practices Horizon scanning

Manage, schedule and execute the annual audit plan by ensuring that audit activities are completed on time and on budget

Ensure audit engagements run efficiently and manage audit engagements as necessary.

Review of audits to ensure that they are completed in accordance with IIA's generally accepted audit practices and procedures and are conducted rigorously and consistently, following the IA Manual standards

Review and approve the audit plans for all audits

Review the data analytics performed on all audit engagements

Review of the draft audit report, ensuring the timely distribution of the final report to Foresters Management

Evaluation of audit findings and recommendations to senior management for changes to process and systems that will minimize risk, improve performance and productivity and ensure that the organization complies with all relevant regulations, laws, and standards as well as suggestions to improve the organization's controls

Review the completeness and accuracy of all audit reports (including ensuring the findings are correctly stated in the reports)

Work with the AVP IT Audit in reviewing integrated (IT/Operational) audits

Provide leadership, direction and guidance to the team, to consistently maintain high levels of integrity and morale

Provide feedback and coaching to team by: Conducting a review of their performance,



at the end of each audit Conducting a formal annual performance review Coach and develop team on the job to improve skills and career training including helping them resolve problems and develop training programs (in areas of development)

Assist the SVP and CIA in the development of the annual department budget

Annual review of the IA Manual, update audit programs (including risks assessments, developing the audit approach and scope of audit testing) and guidelines that document methods and routines followed

As assigned, work on audit engagements, including IT Audits, and special projects (e.g. special reviews, consultations, and other assignments) independently

On a quarterly basis report on "follow-up" testing of management action items established in previous audits

Assist the SVP and CIA in the preparation of the quarterly reports to the Audit Committee of the Board

Manage the Quality Assessment reviews and Improvement Program, review and update the Audit Universe, and lead the annual IA training week Time reporting on a weekly basis

Develop working relationships with business units leaders (AVP or higher), such as Operations, IT, Legal and Compliance, Finance, Risk and Actuarial

As assigned, participate as one of Internal Audit’s representatives on Foresters strategic, operational and information systems projects or committees

As assigned, conduct or participate in on-site audits of North American (Canada and US) or UK subsidiaries and Third Party Administrators

As assigned, participate in external audit assistance or other regulatory work assignments

As assigned, conduct data analytics or support work assignments or special projects

As assigned, conduct quality reviews of the audit files

As assigned, conduct internal control education and manage the training program

As assigned, review the target operating model

Other responsibilities such as special projects, investigations or other activities under the direction of the SVP and CIA

As needed, perform the responsibilities/accountabilities of the Audit Senior Manager or other audit staff

Develop a culture assessment – complete IA benchmarking analytics

Develop IA reporting on themes and audit results for presentation to the Executive Committee.

Stay current with new and developing approaches to audit and provide recommendations for changes.

Key Qualifications

Minimum university degree or community college diploma in accounting, finance or business Qualified designation e.g. CPA (CA, CGA, CMA), CIA or equivalent





Minimum 10 years' experience in external and/or internal auditing in the financial services industry (insurance and/or asset management preferred). This experience should include risk-based audit planning, execution, file completion, reporting and supervision/management of audit staff.

Familiarity with the Institute of Internal Auditors (IIA) International Standards of Practice and must be considering or be in the process of pursuing a CIA designation

General understanding of regulatory environment in North America and the United Kingdom

Excellent verbal and written communication, specifically audit report writing and should be technically proficient with personal computing, Microsoft Office Applications (Word, Excel, PowerPoint, Access and Visio)

Experience with IDEA, ACL or similar data analysis software would be an asset

Experience with Xcellerator software would be an asset

Experience with TeamMate audit management software would be an asset

Strong risk assessment, evaluation and negotiation skills

Strong interpersonal, coaching, leadership skills and a commitment to talent development

Must have excellent planning, project management and organizational skills

Must have an ability to travel, as required, within Canada, US and the UK within 1-2 weeks' notice

Must have a valid passport and unrestricted access to enter the US and the UK

Up to 30% travel per year within North American and/or to the United Kingdom may be required

FLMI or CISA designation an asset

Experience with IT audits an asset

LOMA or life insurance experience an asset Salary Range: $150,000.00 - $190,000.00 The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance. Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters

Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [email protected] in advance of your appointment.

Foresters Financial is an international financial services provider with a unique history that began in 1874 when we set out to provide access to life insurance for average, working families. More than 150 years later, we provide life insurance, savings, retirement and investment solutions that help families achieve long-term financial health and security.

📌 AVP, Internal Audit (Winnipeg)
🏢 Foresters Financial Services
📍 Winnipeg