Internal Audit Specialist

Who We Are 

The Ontario Securities Commission (OSC) is the statutory body responsible for regulating Ontario’s capital markets in accordance with the mandate established in the provincial Securities Act and the Commodity Futures Act. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. This mandate is performed through policy, operational, adjudication and enforcement work. The OSC also contributes to national and global securities regulation development. 

We offer a diverse, fair, and flexible work environment, and take pride in our challenging and rewarding work. 

The Opportunity 

Reporting to the Chief Audit and Risk Executive, you will be responsible for providing assurance and advisory services to senior management and our Board of Directors to support the achievement of business and strategic objectives through the timely execution of risk-based internal audits in accordance with the annual, internal audit and Internal Control over Financial Reporting (ICFR) testing plan approved by both the OSC and Board of Directors. 

Key Duties and Responsibilities 

• Plans, conducts, co-ordinates, and leads multiple complex audit projects (e.g., operational and IT audits, compliance reviews, evaluation of design and effectiveness of ICFR, value for money, forensic, special investigations, etc.). Consults with stakeholders to develop the frameworks to be used in executing the audit plans, and conducts assessment of the effectiveness of control strategies, structures and systems of the OSC in mitigating risks. 
• Designs, implements and executes risk and control assessment and quality assurance tools to meet the needs of the stakeholders. Designs and facilitates effective, creative interventions in both large and small group settings to address the problem-solving and risk-assessment needs of a wide range of stakeholders throughout the Commission. 
• Evaluates stakeholder needs, and identifies opportunities for improvement in strategic/ operational planning, business processes, organizational design, change management, performance measurement, quality assurance, risk management, controllership and related policies and procedures. Develops training materials, and provides education sessions for stakeholders in areas such as fraud awareness, risk analysis, mitigation and action plan development, financial management and accountability systems and governance. 
• Manages relationships and networks with OSC management and colleagues including identifying, defining and fostering alliances across the OSC. Maintains ongoing contact throughout assurance and advisory projects. Coordinates and oversees the work of external consultants. 
• Provides advice and advisory services to assist stakeholders in the development, use and evaluation of risk-management and control strategies for current or proposed operations, processes, policies and programs. Applies group problem-solving and facilitation skills in conducting stakeholder consultations and in the development of action plans to address organizational performance, governance, control, risk and quality assurance issues. 
• Leads and/or contributes to the communication and negotiation of audit observations and internal control deficiencies through the review of draft reports with stakeholders, presenting issues to relevant stakeholders, and proposing appropriate, cost-beneficial and practical recommendations. Conducts follow-up procedures to assess the effectiveness of remediation. 
• Contributes to ongoing continuous improvement in Internal Audit services by keeping current on new developments in the profession, identifying improvement opportunities and involvement in continuous improvement activities. Ensures projects comply with audit and professional standards. Supports the best practices and professional culture within the function. Develops, maintains, and monitors comprehensive operational dashboards of KPI and metrics for engagement management. 
• Participates in cross-functional meetings to provide input and advice on governance, risks and internal controls.  
• Assists with preparation of quarterly reports for the Board of Directors.  
• Prepares detailed analysis and findings reports, root-cause analysis and responses to ad-hoc requests. 

What do you need to be successful in this role? 

• You have an undergraduate degree. 
• Professional designation such as Chartered Professional Accountant (CPA), or Certified 
• Internal Auditor (CIA) is required. 
• Other professional designations such as Certified Information Systems Auditor (CISA) or Certification in Risk Management Assurance are an asset. 
• Experience in the application of internal control frameworks (i.e., COSO Internal Control Integrated Framework) is an asset. 
• Experience in testing IT general and automated controls is an asset. 
• You have a minimum five (5) years’ internal audit, compliance or risk management experience. 
• You have the ability to work closely with senior management. 
• You have an understanding of the Canadian and international securities environment and how regulatory actions impact stakeholders. 
• You are able to communicate effectively at all levels with an organization. 
• You are able to effectively negotiate with and manage stakeholders, including external resources when specialized skills for internal audit projects are engaged. 
• You possess strong analytical, written and verbal communication, interpersonal and relationship-building skills. 
• You have the ability to adapt to change quickly and multi-task. 
• You have demonstrated effective project management capability. 
• You possess in-depth knowledge and understanding of audit tools and experience applying and integrating data analytics in audit processes. 

Grow your career and make a difference working at the OSC. 

Application Instructions 

Please submit your application for this position through the OSC website at https://osc.wd3.myworkdayjobs.com/OSCCareers/job/CA-ON-Toronto/Internal-Audit-Specialist_JR100463  

Applications must be received by November 21, 2024, at 11:59 pm EST. 

We thank all applicants for their interest in the Ontario Securities Commission. We will contact those selected for an interview. 

The OSC is committed to diversity and providing an inclusive workplace. It is our priority to ensure employment opportunities are visible and barrier-free to all under-represented groups including but not limited to, Indigenous, Black and racialized groups, people with disabilities, women and people from the LGBTQ2S community, to achieve an employee demographic profile reflective of the demographic profile of Ontarians. 

The OSC is a proud partner with the following organizations: BlackNorth Initiative  Canadian Centre for Diversity and Inclusion  , and Pride at Work Canada .  

If you require an accommodation during the recruitment process, please let us know by contacting our confidential inbox HRRecruitment@osc.gov.on.ca. 

Visit Accessibility at the OSC to review the OSC’s policies on accessibility and accommodation in the workplace.