Internal Audit Manager – Financial Services

Strategic audit opportunity in the insurance industry for professionals with experience in internal controls, risk management, and financial services. Hybrid role based in Waterloo or Toronto with exposure to complex audit engagements, business process evaluation, and cross-functional collaboration.

What is in it for you:

• Salaried: $60-70 per hour.
• Incorporated Business Rate: $70-80 per hour.
• 6-month contract.
• Full-time position: 37.50 hours per week.
• Standard hours: 8:30 AM – 4:30 PM, Monday to Friday (dependent on client meetings).
• Hybrid model with on-site presence required two days per week (Tuesdays and Wednesdays).
• Location: Waterloo or Toronto, ON.

Responsibilities

• Manage and execute complex audit engagements in line with internal methodology and Institute of Internal Audit (IIA) standards.
• Lead audit preplanning, fieldwork, issue follow-up, and remediation testing.
• Monitor the progress of audit projects and ensure alignment with resource budgets and target deadlines.
• Conduct meetings with clients, present audit findings and recommendations, and facilitate opening and closing audit sessions.
• Document business objectives, controls, and test strategies to support audit goals.
• Assess the design and effectiveness of key controls, perform testing, and identify control gaps.
• Prepare and review audit reports and ensure timely delivery to management.
• Track audit findings and support resolution efforts.
• Build strong working relationships with internal stakeholders and external regulators.
• Identify opportunities for automation and apply data analytics using internal tools.
• Provide consulting support, training, and education in risk management to business units.
• Stay current with best practices in risk and control frameworks within financial services.

What you will need to succeed:

• Education in a related field is considered an asset, but equivalent experience will also be considered.
• Recognized professional audit designation (e.g. CPA, CIA, CRMA, CISA) is an asset.
• Security Clearance: Enhanced Reliability Clearance (ERC) required.
• 2–5 years of audit, risk management, or related experience in the financial services industry.
• Proven ability to manage multiple audits or projects simultaneously.
• Strong analytical and problem-solving skills with the ability to assess business process risk and controls.
• Effective written and verbal communication skills, with experience leading client-facing meetings.
• Interpersonal skills with the ability to collaborate, influence, and build internal networks.
• Sound business judgment with the ability to recommend value-added improvements.
• Familiarity with control frameworks such as COSO or COBIT.
• Knowledge of internal audit techniques including scoping, planning, and execution.
• Understanding of risk management and operational risk frameworks.
• Exposure to IFRS, compliance requirements (AML, Privacy, Market Conduct), and IT controls is an advantage.
• Experience with data analysis tools is considered an asset.
• Ability to adapt in a fast-paced, evolving environment.

Why Recruit Action?

Recruit Action (agency permit: AP-2504511) provides recruitment services through quality support and a personalized approach. As part of the screening process, some applications may be reviewed using artificial intelligence tools. Only candidates who meet the hiring criteria will be contacted.

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