Senior Internal Auditor
Requisition ID: 8263
Number of Vacancies: 1
Department: Audit, Risk & Compliance (20000052) - Internal Audit (30000088)
Salary Information: $88,306.40 - $110,401.20
Pay Scale Group: 09SA (CAN/S/J/09SA)
Employment Type: Regular
Weekly Hours: 35, Off Days: Saturday & Sunday Shift: Day
Posted On: September 13, 2023
Last Day to Apply: September 27, 2023
Reports to: Manager, Audit, Risk & Compliance
The Toronto Transit Commission (TTC) is North America's third largest transit system and has been recognized as one of the top places to work in the GTA. Guided by a forward-thinking strategic plan, the TTC's vision is to be a transit system that makes Toronto proud. The TTC's recruitment efforts are directly aligned to its mission of providing "a reliable, efficient, and integrated bus, streetcar and subway system that draws its high standards of customer care from our rich traditions of safety, service and courtesy."
Reporting to the Manager, Audit, Risk and Compliance, the Senior Internal Auditor will execute risk-based audits and advisory projects, in accordance with departmental policies and procedures and the Institute of Internal Auditors’ (IIA) International Standards for the Professional Practice of Internal Auditing. The department’s audit and advisory projects are subject to public reporting, and help drive continual improvement in the TTC’s governance, risk management and internal control systems.
The incumbent also plays a major role in the success of the application of data analysis in the TTC by advancing ARC’s objectives to promote the use of metrics and the identification of patterns and trends in the industry. The role has primary accountability in assisting to ensure that the ARC annual risk-based audit plan is delivered in accordance with the TTC’s strategic objectives and its Five-Year Corporate Plan.
The incumbent stays current with professional and transit industry trends by meeting ongoing continuing professional development and training requirements; and contributes to improving departmental processes
Key Job Functions
Audit and Advisory Projects:
- Performs all aspects of audit and advisory projects including planning, executing, and reporting, in accordance with departmental policies and procedures, and the (IIA);
- Conducts risk assessments and researches best practices, industry standards and trends of the TTC’s strategic, operational, financial, safety and compliance risks;
- Researches and plans the project’s objective and scope, in consultation with the Manager – ARC;
- Executes projects by interviewing stakeholders, performing control assessments, developing statistical samples, applying audit standards and drafting audit reports and presentations;
- Formulates and designs tests of data to meet audit assurance and advisory objectives;
- Performs fieldwork and prepare working papers by documenting business processes, evaluating control design, testing operating effectiveness;
- Develops recommendations that are practical, meaningful and timely;
- Contributes to finalizing project reports and presentations to Executive and Senior Management, and the Audit & Risk Management Committee of the Board (ARMC).
- Extracts and perform risk-based data analyses using available technological tools to achieve audit and business objectives and support the preparation of the department’s work plan;
- Prepares statistical information with identified KRI's for oversight of TTC’s risk landscape.
- Supports all aspects of the project and ensures performance targets are met;
- Resolves complex audit issues and technical matters;
- Keeps management informed of significant observations as work progresses;
- Follows up on the completion of management action plans and provides updates to Senior Management.
Business Acumen & General Accountabilities:
- Maintains an understanding of transit industry issues and thorough knowledge and understanding of the TTC strategic objectives and operations, to perform preliminary risk assessments;
- Maintains a knowledge of the TTC’s legislative framework and technical aspects of the TTC’s financial, managerial and cost accounting concepts, standards, systems, and reporting processes;
- Maintains an understanding of the TTC’s exposures to fraud risk; and remains alert to the possibility of fraud, errors and omissions, inefficiency, waste, ineffectiveness, conflicts of interest, and conditions and activities where irregularities are most likely to occur.
- Keeps abreast and assists department Directors and Head with implementing new internal auditing standards and adhering to best practices;
- Ensures project activities meet professional audit and reporting standards;
- Provides input into activities and priorities for maintaining an effective ARC function;
- Contributes to the development of ARC’s work plan;
- Participates in various meetings and committees;
- Performs other duties as assigned, which are unplanned or of a transient nature;
- Responsible for treating passengers and/or employees with respect and dignity, and ensuring the needs of passengers or employees with disabilities are accommodated and/or addressed (within their area of responsibility) in accordance with the Ontario Human Rights Code and Related Orders so that they can fully benefit from the TTC as a service-provider and an employer.
- Audit systems, processes, and products
- Apply analytical skills
- Communicate in a variety of mediums
- Manage conflict
- Understand and apply relevant laws and regulations
- Demonstrate specialized expertise and knowledge in the assigned field
Education and Experience
- Completion of a Bachelor degree in a relevant discipline (e.g. Accounting/Auditing, Business, Public Administration), OR a combination of relevant education, training and experience deemed to be equivalent;
- Possesses or pursuing Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) designation/certification.
- Several years of related work experience in the field of auditing, accounting or project management, with exposure to various types of business processes, governance, risk management, and control processes.
- Experience independently planning, executing, documenting and reporting on the results of audit and advisory projects in accordance with professional standards;
- Proficiency in the use of electronic working paper systems and data driven audit strategies;
- Experience with Microsoft Office products and other visualization and business intelligence tools
- Professional designation/certifications such as Project Management Professional (PMP) or Certified Data Analyst (CDA) or Certified Fraud Examiner (CFE) in good standing would be an asset;
- Experience in a transit agency, government agency or large public accounting firm would be an asset.
- Thorough knowledge of current IIA standards, audit principles, best practices and risk management theory and application;
- Excellent research, critical thinking and problem solving skills with the ability to apply conceptual frameworks to new and unique situations;
- Strong written and verbal communication skills to provide written reports and presentations that accurately and clearly summarize issues and present solutions in an understandable and logical manner;
- Ability to work within budgeted timelines and manage multiple priorities;
- Strong interpersonal and conflict resolution skills, including the ability and confidence to persuade others, and effectively communicate the value of audit, risk and compliance services;
- Must have or rapidly acquire a comprehensive knowledge of the Ontario Human Rights Code and Related Orders including disability accommodation and accessibility requirements pertaining to passengers and employees.
The TTC is committed to upholding the values of equity, diversity, anti-racism and inclusion in the delivery of its services and in its workplaces. The TTC is committed to fostering a diverse workforce that is representative of the communities it serves at all levels of the organization, and supports an inclusive environment where diverse employee and community perspectives and experiences bring value to the organization. The TTC encourages applications from all applicants, including members of groups with historical and/or current barriers to equity, including but not limited to, Indigenous, Black and racialized groups, people with disabilities, women and people from the LGBTQ(IA+) community. The TTC values and supports an inclusive and barrier-free recruitment and selection process. Accommodations for applicants are available upon request throughout the recruitment and selection process, including for those who identify as having a disability. Please contact Talent Management at (416) 393-4570. Any information received related to an accommodation will be addressed confidentially.
The TTC’s policy prohibits relatives of current TTC employees from being hired, assigned, transferred or promoted into positions, where there is a conflict of interest due to a relationship. Should you be selected for an interview, you will be required to disclose the name, relationship and position of any relative who is a current TTC employee.
We thank all applicants for their interest but advise only those selected for an interview will be contacted.