Associate Director, Internal Audit AML/ATF/SE.

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. 

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving?  The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. 

We can’t wait to get to know you! 

The Work!

• Independently develops and implements audit coverage for operational and regulatory audits - 70 % 

  • Taking into account the Bank’s policies and applicable In accordance with up-to-date regulatory expectations, the incumbent will create operational and regulatory audit programs for various Bank business units- personal and commercial mortgages, credit cards lending, Trust and Digital Banking deposits. 

  • Responsible for executing the end-to-end audit engagement process: commences with the development of an audit plan, followed by identification of risks associated with the auditable entity, assessment and testing of documentation of identified controls, testing of controls, development of conclusions based on audit testing.   

  • Draft audit reports at the conclusion of each audit for submission to the Chief Auditor   

  • Maintain ongoing awareness of applicable AML/ATF/SE regulatory requirements, and the Bank’s strategic initiatives and industry developments in order to ensure audit work is relevant and value-added.  This may include monitoring or auditing large-scale Bank projects. 

  • Follow-up and report on adequacy of management actions to resolve audit findings and report progress to the Chief Auditor on an ongoing basis.  

 
• Risk Assessment -15%

  • Maintain up-to-date knowledge of regulatory expectations and industry developments related to the Bank’s business lines AML/ATF/SE. Incorporate any new developments into audit work accordingly.   

  • Develop a Risk and Control assessment for each individual audit engagement to guide the development of each audit program. 

  • The position will be required to take into consideration the size and complexity of the Bank when conducting risk assessments and in developing audit observations as a result of audit testing. 

  • Effectively communicates risks to Senior Management (both Internal Audit and Business Unit Management as applicable). 

 
• Relationship Management/Communication - 15% 

  • Maintain positive working relationships with Senior Management of business and control functions to ensure effective communication flow throughout the audit engagement process; maintain awareness of Senior Management’s concerns and any emerging risks. 

  • Able to influence senior management with respect to acceptance of key findings and/recommendations. 

  • Keep the Chief Auditor informed of the status of key risks or findings identified during the audit.   

  • Commit to ongoing professional development by completing 40 training hours per year. 

  • Share knowledge of areas of expertise with other members of the Internal Audit team in order to provide cross-training. 

 

Let's Talk About You!

• Post-secondary degree is mandatory.  An Internal Audit designation is an asset.   

• 7+ years’ proven experience in a financial institution Internal audit or Risk Management role (senior manager or above).  

• Have enrolled or obtained The Certified Anti-Money Laundering Specialist (CAMS) Desgination  

• Strong knowledge of operations AML, ATF, SE related to Commercial and Retail Lending and Deposit Taking (including Digital Banking Deposits) 

• Strong knowledge of applicable regulatory requirements; including mandatory AML/ATF/SE,  and preferred Privacy and Financial Consumer Agency of Canada knowledge.  

• Knowledge of data control requirements related to the Basel Advanced Internal Ratings Based Approach (AIRB) is an asset. 

• Experience auditing project management controls.   

• Proven excellent written and verbal communication skills, ability to communicate with various staff levels across the organization.   

• Ability to communicate effectively with influence and impact Senior Management with respect to accepting/implementing recommendations related to identified control issues.  

• Excellent effective organizational, time management and project management abilities; including the ability to manage multiple priorities (and potentially other staff resources) within deadlines. 

• Ability to work independently and perform under pressure and within tight time constraints. 

• Continues to develop/maintain broad knowledge and awareness of the financial industry, risk management practices and regulatory and/or policy changes.