The posting
The Opportunity: At Equitable, we believe great things happen when we work together. We’re a Canadian mutual company driven by purpose - putting people first and helping Canadians protect today and prepare for tomorrow. If you’re passionate about making a difference and growing your career in an inclusive and collaborative environment, we’d love to hear from you. Our culture is built on care, passion and curiosity. We put people above all else, strive to be our best and welcome new ideas to deliver positive outcomes. If you're looking for purpose-driven work in a collaborative and inclusive environment where your voice is heard, and your growth is encouraged we’d love to connect. The Senior Financial Analyst, Internal Audit job is to add value through independently identifying and assessing the effectiveness and efficiency of key controls and processes and designing practical recommendations to mitigate residual risk for all functions and processes of the Company. The Senior Financial Analyst – Internal Audit supports corporate risk management in addition to day-to-day key accountabilities including identifying, analysing and testing key company controls and processes to ensure the Company is compliant with IFRS, OSFI, CLHIA and other regulations including the implementation of new accounting standards; applying professional judgement to identify the root cause of deficiencies identified and assess their potential impact; applying professional judgement and business knowledge to develop and recommend process improvements that remediate risk; applying professional judgement to assess management remediation strategies and process improvements; and develop strong, positive relationships with audit clients. Join one of the region’s top employers and be part of something that truly makes a difference. Work Arrangements: This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement. What you’ll do:
Assess key operational process to ensure they are compliant with IFRS, OSFI, CLHIA and other regulations (including the implementation of new accounting standards), and are effective and efficient. Able to assess, interpret and communicate audit results to others Develop and deliver timely, accurate, relevant and concise internal audit reports and information Deliver risk based independent assessments of business processes and functions for Board and Management purposes Planning
Contribute to the development of the annual audit plan Responsible for obtaining and analyzing related business processes and documentation to gain a thorough working knowledge of the function or process being examined Lead meetings with various levels of staff and Management (manager to Executive Team member) to communicate timelines, review key risks and controls, and complete fraud risk assessments Apply professional judgement to evaluate business processes to identify key risks and controls (including evaluating key changes (current or future)) of the business unit or process Responsible for developing new audit procedures to reflect the changes in key processes resulting from the implementation of new controls and processes as a result of legislative or regulatory changes (example: IFRS)
Fieldwork
Responsible for applying professional judgement to quantify residual risk for each audit objective Responsible for designing, executing, and documenting tests of key controls in accordance with the Internal Audit Guideline and the Institute of Internal Auditors International Professional Practices Framework Responsible for analysis and interpretation of testing results to determine if a deficiency exists Responsible for applying professional judgement to assess and assign deficiency risk ratings Responsible for conducting root cause analysis of deficiencies identified Responsible for developing and providing practical recommendations to Management that sufficiently mitigate the risk associated with the deficiencies identified
Reporting
Responsible for documenting audit findings and results in accordance with internal guidance and The Institute of Internal Auditors International Professional Practices Framework Responsible for preparing detailed audit reports for use by Management Responsible for synthesizing audit findings and applying professional judgement to provide an overall audit conclusion. Lead closing meeting with Management and Senior Management to present, discuss and defend audit finding and risk ratings Responsible for analyzing management remediation responses to deficiencies raised to ensure the risk is sufficiently remediated Responsible for issuing final reports which are copied to Senior Management (including the relevant Executive Team member, the CFO and the CEO/President)
Remediating
Responsible for conducting remediation testing as needed
Other
Conduct investigations of known or suspected illegal activities involving Company funds, property, employees that appear to violate the criminal code or other laws, regulations and/or guidelines. Investigations may also involve allegations of fraud or theft. Lead reviews of proposed business process changes, to provide guidance to Management on the potential impacts to the control environment, as well as suggested improvements. Coordinate with external auditor, provide required support, guidance, and assistance
Increased risk awareness and good internal controls practices
What you’ll bring:
Certified Internal Auditor (CIA) or Chartered Professional Accountant (CPA) designation (or international equivalent). Post-secondary education with an emphasis on accounting and business administration. Advanced knowledge of Microsoft Office Knowledge of AI software and prompt engineering. 3 - 5 years of internal audit/audit experience, including performing/leading audits. Experience in insurance or financial industry is a plus Working knowledge of investments and derivatives, individual insurance sales and practices, group insurance sales and practices, Individual Wealth sales and practices, anti-money laundering practices and life insurance compliance requirements. Demonstrates expertise in the following additional behavioural attributes:
Risk identification and management Root cause analysis
What’s in it for you:
Career Growth: Regular learning sessions and development opportunities Total Rewards: Incentive pay, annual salary reviews, employer-paid benefits and pension matching Time Away: Competitive vacation plus one paid volunteer day each year Flexibility: Healthy work-life balance with employee wellness always top of mind, complemented by a “dress for your day” approach.
At Equitable, we’re committed to fair pay and an inclusive, accessible hiring experience. If you need accommodations or alternative formats at any stage, just reach out to us at [email protected]. We’re happy to help. Your base pay will be based on your skills, qualifications, experience and education. In addition to your salary, this role is eligible for a discretionary annual incentive award tied to business performance, plus a wide range of competitive benefits. If you’re selected to move forward, our Talent Acquisition team will walk you through all the details of our total rewards program, so you know exactly what’s included. Reports To: Manager, Internal AuditDepartment: Corporate Term: Permanent Full-Time
