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Senior Manager, Audit Services

Ontario Teachers' Pension Plan Board

This is a Contract position in Toronto, ON posted May 24, 2023.

Senior Manager, Audit Services

The opportunity

The Senior Manager, Audit Services is responsible for improving and protecting Ontario Teachers’ organizational value and reputation, and to improve its operations by providing risk-based, independent, and objective assurance, advice and insight. The position has significant interactions with all management levels throughout Ontario Teachers’ and their work will inform the Chief Financial Officer and the Audit & Actuarial Committee on the design and effectiveness of established risk management, control, and governance processes.

Who you'll work with

You will interact with all levels of management and senior leaders to deliver audit reports including required action items. 

What you'll do

  • Plan, organize, and establish audit objectives, priorities, methodology and procedures, including supporting the preparation of the annual audit risk assessment.

  • Independently plan and coordinate the completion of internal audits and advisory engagements as assigned from the annual audit plan, ensuring all engagements are performed, documented, communicated and action items agreed within a 12-month period.

  • Prepare work plans, programs, and resource requirements for their assigned engagements.

  • Build individual capability to perform data analytics and propose ways to apply learned skills to improve the quality of assigned audits.

  • Conduct reviews and audits by researching standard methodologies, examining business processes and related risks, operations, and work activities, identify issues and opportunities, research root causes and recommend corrective actions.

  • Lead or assist in advisory engagements from a controls and governance perspective and provide recommendations as appropriate.

  • Present and discuss observations and action items with the Director, Audit Services, and provide regular progress updates to relevant partners.  Ensure that action items are thoughtful, relevant, constructive, practical and address the root causes of the issues identified.

  • Prepare draft audit reports for the Director, Audit Services’ review, containing the audit scope, process, observations,  and action items as discussed with management through ongoing consultation during the audit.

  • Prepare and/or review audit documentation in accordance with audit objectives and quality standards for review by the Director, Audit Services.

  • Evaluate internal client responses to audit queries and reports, and advise the Director, Audit Services as to appropriateness.

  • Follow-up on management’s responses to previous assigned audits. 

  • Research and develop audit approaches and techniques to ensure continued applicability to the risks and controls of the business.

  • Maintain a sufficient and current understanding of the entire organization and its enterprise-level risks and strategy, to provide significant input during the annual audit risk assessment.

  • Maintain ongoing contacts and participate in discussions with peers in the auditing community to ensure awareness of developments in audit approaches. Attend appropriate professional development conferences and seminars. Keep abreast of industry standard processes, including investment, accounting, valuation, and pension pronouncements.

  • Consult on various special projects as the need arises.

Management accountability

  • Work independently to plan, organize, and establish audit objectives, priorities, methodology and procedures.

  • Prepares audit reports for executives and the Audit & Actuarial Committee. 

  • Conducts post-audit follow-ups to ensure action items are carried out.

  • Must gain a strong understanding of complex areas in a relatively short period of time and identify how different areas are integrated.

  • Requires strong analytical ability and problem-solving and negotiating skills to obtain acceptance of control criteria/standards by internal clients. 

  • Coaches and guides junior team members and interns.

Decision making

  • The Senior Manager will perform the following items with minimal guidance:

    • Assess and propose main audit risk areas, and plan/ coordinate process walkthroughs efficiently.

    • Design audit plans that efficiently achieve audit objectives and enhance stakeholder time.

    • Consider and suggest insights and suggestions that can help clients achieve their strategic priorities.

    • Independently conclude on whether risks are being effectively managed.

    • Independently determine whether action items are complete and satisfy report requirements in follow-up reviews with internal clients following completion of audit reports.

What you'll need

  • Professional designation (CPA, CIA or CFA).

  • Master’s degree in a related field an asset (e.g. MBA, MQF).

  • Undergraduate degree in related field: B.Comm, BBA, B.Acc.

  • Expert knowledge of audit techniques, including evaluation of internal controls, design of questionnaires, sampling, flow charting, tests of internal controls, and detailed substantive tests. 

  • Experience with PowerBI or similar visualization or analytical software is desirable.

  • Thorough knowledge of the financial services industry with experience through direct employment, external auditing or consulting.

  • Advanced knowledge of investment strategies and investments, including private and public equities, third-party managers, derivatives, credit, and fixed income.  

  • Excellent knowledge of various investment related accounting processes, including deal capture, confirmation, settlement, recording and valuation.

  • Good understanding of information technology and system-based controls to perform select IT auditing procedures in the Investment, Member Services, and Corporate areas. 

  • Understanding of actuarial valuation principles, and pension industry and related legislation, policy, and regulations.

  • 5-6 years of auditing and related experience if CPA or CIA designation holder (experience may have been gained while attaining the designation).

  • 10+ years of auditing and related experience if no CPA, CIA or Master’s Degree

#LI-OTPP, #LI-VN, #LI-Hybrid

What we’re offering

  • Pay-for-performance environment that offers competitive salary and incentive

  • Numerous opportunities for professional growth and development

  • Comprehensive employer paid benefits coverage

  • Retirement income through a defined benefit pension plan

  • The opportunity to invest back into the fund through our Deferred Incentive Program

  • A flexible/hybrid work environment combining in office collaboration and remote working

  • Competitive time off

  • Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year

  • Employee discount programs including Edvantage and Perkopolis

  • Degreed: a digital platform that helps you quickly and easily discover, share, and track various learning resources – from courses to videos to articles and more

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring.  We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves.  To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request ( for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

The privacy of your personal information is important to us. Please visit our Privacy Centre to learn how we handle your personal information.

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