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As a member of the Corporate Audit & Advisory team, the Specialist, Operational Audit will be responsible for governance, risk and controls-based operational audit and advisory engagements. The incumbent will be primarily responsible for leading complex operational engagements throughout the organization and its subsidiaries. This role involves evaluating the efficiency and effectiveness of operational processes, identifying areas for improvement, and ensuring compliance with internal policies and external regulations in order to provide assurance to Management and the Audit Committee.

The Operational Audit

Specialist plays a key role within the Corporate Audit & Advisory group and provides subject matter expertise on various operational processes.

Responsibilities

Reporting to the Director, Operational Audit, the Specialist, Operational Audit is responsible for the following activities:

Operational Audits and Advisory:

• Develop and implement comprehensive audit plans and programs aligned with organization goals.
• Evaluate the design and effectiveness of processes/risk management strategies across different lines of business/functions to ensure proper internal controls are in place that support the achievement of business objectives.
• Manage and execute all phases of the internal audit delivery process (planning, execution, reporting and follow-ups on implementation of action plans).
• Responsible for the identification of financial, operational, compliance and other risks relevant to the business processes, products/services and systems under review.
• Responsible for integrating data analytics into audit scoping and testing approaches to enhance the overall quality and relevance of engagements, including identifying key risk indicators to perform continuous monitoring.
• Lead the identification and documentation of financial, operational and non-compliance gaps/risk exposures and opportunities in process design and effectiveness based on testing performed.
• Responsible for the evaluation of the effectiveness of controls to prevent or detect fraud.
• Lead the identification and documentation of practical and value-added recommendations, based on root cause analysis and best practices.
• Responsible for documenting well-articulated and meaningful audit reports to communicate audit findings and recommendations to internal clients.
• Monitor the implementation of audit recommendations and proactively follow-up with internal clients, provide regular status updates to the Director, Operational Audit.
• Lead and provide advisory services as requested to support key initiatives across the organization.

Annual Planning & Reporting:

• Assist the Director with the establishment of the annual risk-based operational audit plan.
• Assist the Director with quarterly Audit Committee reporting.

Resources Planning & Oversight:

• Work with the Director, Operational Audit, to assist in the resource allocation for the operational audit plan, including proactively recommending adjustments throughout the year.
• Responsible to fulfill project management responsibilities, including management of project plan, budget and timelines, resources, review and communication.
• Supervise and mentor audit staff to support their professional development and to ensure quality of work and compliance with internal audit standards.
• Ensure that the standards of the Institute of Internal Auditors, and internal audit procedures and techniques required by mandates, are met and applied.
• Conduct performance evaluations and provide feedback to team members.

Leadership & Enterprise Collaboration:

• Build relationships and work collaboratively within the CAA group and with other business units.
• Maintain and enhance the level of knowledge of Air Canada, the aviation industry and related business environment.
• Support other service lines in CAA as required, including leading engagements in 52-109, IT audits, risk management activities and other compliance engagements.

Qualifications

• University degree in Business or related discipline.
• Professional risk management, accounting or auditing designation (e.g. CPA, CIA).
• 7+ years of risk management, internal or external audit experience.
• Substantial experience in managing medium to large scale audit projects.
• Strong understanding of risk management concepts and standards including COSO.
• Demonstrated risk management expertise in analyzing op