Senior IT Auditor

Job title: Senior IT Auditor

Job description: Senior IT Auditor

Take a central role

The Bank of Canada has a vision to be a leading central bank-dynamic, engaged and trusted-committed to a better Canada. No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment.

Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.

With our defined-benefit pension plan, benefits, and high flexibility for work life balance – find out more about why we are annually ranked as one of Canada’s top employers:

Find out more about the next steps in our .

Did you know?

The role of internal audit at the Bank of Canada is to support management and the Board of Directors in the effective discharge of their responsibilities by bringing a systematic, disciplined approach to evaluating the effectiveness of the Bank’s risk management, control, and governance processes, and by promoting their continuous improvement.

What you will do

As Principal Auditor, you provide assurance and advice on the design and implementation of systems of internal control, with a focus on information technology (IT) and security controls, including cybersecurity controls. You will plan, lead, and report on cross departmental and/or cross functional audits of a large and complex nature with sometimes highly subjective criteria. You work independently within tight deadlines, liaising and collaborating effectively with multiple parties. You will also develop and manage relationships with key management stakeholders across the portfolio of audits that you’re responsible for.

You also work with the members of the Audit Department’s management team to support the achievement of the department’s objectives, including adjusting your work plan where needed, to respond to emerging issues or to better integrate audit activities in the area of IT and security controls. You will also leverage data-driven approaches and data analytics, where applicable, to support the continued evolution of the audit department.

In addition, you will:

• advise the audit team and business in the area of IT risk, IT security and IT controls, including identifying root causes and formulating recommendations to improve risk-management, control, and governance processes.
• coach junior colleagues and review analysis prepared by other team members while fostering and supporting a positive working environment.
• build and manage effective, collaborative relationships with internal and external partners and stakeholders to help you better understand the clients or business line drivers, their priorities and concerns.
• research and monitor developments, industry trends, leading practices and issues that may have an impact on Internal Audit or the Bank’s business practices and recommend changes to audit methodology or business practices.
• support the department’s Quality Assurance Improvement Program by leading internal improvement initiatives and quality assurance reviews, by promoting auditing best practice and compliance with internal audit standards and by contributing to the development of the department’s risk-based audit plans and board-level reporting.

What you need to succeed

• in-depth knowledge of auditing standards and processes, as well as the International Standards for the Professional Practice of Internal Auditing
• extensive experience in working with governance, risk management and control frameworks (e.g., COSO, COBIT, NIST, ISO)
• in-depth knowledge of IT and physical security process risks and controls, IT practices and standards, IT security operations, and IT security control frameworks
• ability to lead and manage simultaneous complex operational audits across various areas on emerging risks
• experience in applying a variety of audit practices and techniques and drawing on subject matter expertise in analyzing complex business environments, problems, processes, and related systems
• experience developing data analytics and/or visualisations in support of audit engagements using platforms such as ACL, IDEA and/or PowerBI
• excellent project-management skills, including experience in setting priorities and monitoring project activities within a team setting or when working independently with minimal guidance
• highly developed and demonstrated skills in analysis, conceptualization and problem solving
• experience in conducting quality reviews, in developing audit methodologies and practices, in delivering training and coaching/mentoring audit staff
• excellent communication skills with an ability to adapt messages to influence and build consensus with various audiences and stakeholders, including senior management stakeholders
• results oriented approach with an ability to prioritize and align work activities with team members and also work independently, with minimal coaching.

Nice-to-have

• understanding of all the Bank’s functions, its governance and administrative framework, as well as its risk-management and control practices
• understanding of the Bank’s IT environment and key systems
• knowledge of areas of emerging IT security risk areas such as cloud computing, third party risk management, big data, and/or virtualization, including containerization

Your education and experience

This position requires a Bachelor’s degree with a minimum of five years of relevant work experience in an audit, financial, compliance, operational, and/or information technology role. An internal auditing designation (CIA) or another recognized professional designation in accounting (e.g., CPA, CA, CMA, CGA), risk management (CRM), information technology (CISA, CGEIT) or security (CISSP), would be considered an asset. An equivalent combination of education and experience will be considered.

What you need to know

• Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Secret
• Relocation assistance may be provided, if required
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
• The official title for this position is “Principal Auditor ”

Hybrid Work Model #LI-Hybrid

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

What you can expect from us

This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit .

• Salaries are based on qualifications and experience and typically range from $99,340 to $124,175 (job grade 18)
• Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, at 7 to 10% of your base salary. The Bank offers performance pay for those who exceed expectations (15% of your base salary).. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
• Flexible and comprehensive benefits so you can choose the level of health and dental coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service #LI-POS

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.T

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