Audit Manager - AI & Cloud

About the role

Conducts audit engagements to critically assess management and internal control processes, approving the nature, extent, and timing of the audit, its execution, and the formulation of insightful audit reports. Reports on audits to provide clear, concise, and memorable insights on issues and potential issues to assist management in fulfilling mandates. This work provides vital assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company.

Provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation. Acts as a trusted advisor to assigned business/group, influencing and negotiating to achieve business objectives. Identifies emerging issues and trends to inform decision-making and provides critical input to the Chief Auditor/Assistant Chief Auditor on the practical aspects of the audit and its execution.

Helps develop the annual audit plan and provides input into Corporate Audit processes to identify opportunities for simplification. Executes audits in full recognition of the risks of the group, encompassing inherent risks, control risks, and internal/external environment and regulatory risks. Conducts advisory engagements and other engagements as required, determining the impact of changing strategies, tactics, risks, and initiatives on audit, advisory, and investigative services.

Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment. Utilizes data analytics in advisory engagements to improve quality and efficiencies. Develops an awareness of business strategies, policies, and standards, providing meaningful insights to improve Enterprise management and control processes while maintaining the independence of the audit practice and its personnel.

Develops insightful discussion points contributing to audit reports that provide a fair and balanced assessment of governance, risk, and control processes. Deliverables must be objective, clear, concise, and timely. Identifies control deficiencies and provides a fair and balanced assessment of their magnitude. Maintains a working knowledge of the industry, regulatory, broad economic environment, and internal environment to understand the control environment.

Ensures all audit procedures are conducted in accordance with Corporate Audit Methodology, as confirmed by its Quality Assurance program and/or regulatory examination results. Applies sound judgment in the execution of assigned work and ensures open lines of communication. Develops and maintains good working relations with key stakeholders, actively monitors change management initiatives, and identifies potential risks.

Actively participates in and supports Corporate Audit change initiatives. Maintains and enhances professional audit qualifications in line with industry standards. Focus is primarily on business/group within BMO but may have a broader, enterprise-wide focus. Provides specialized consulting, analytical, and technical support, exercising judgment to identify, diagnose, and solve problems within given rules. Works independently and regularly handles non-routine situations.

Responsibilities

• Conduct audit engagements to assess management and internal control processes.
• Approve the nature, extent, and timing of audits, their execution, and report formulation.
• Report audit findings to provide clear, concise, and actionable insights for management.
• Provide independent assurance on internal control, risk management, and governance systems.
• Act as a trusted advisor to assigned business groups, influencing and negotiating business objectives.
• Identify emerging issues and trends to inform decision-making.
• Provide critical input to Chief Auditor/Assistant Chief Auditor on audit execution.
• Help develop the annual audit plan and improve Corporate Audit processes.
• Execute audits considering inherent, control, and regulatory risks.
• Conduct advisory and other engagements as required.
• Determine the impact of changing strategies, risks, and initiatives on audit services.
• Evaluate the impact of new and emerging technology on processes and controls.
• Utilize data analytics in advisory engagements to enhance quality and efficiency.
• Develop insights based on business strategies, policies, and standards.
• Maintain audit practice independence and personnel objectivity.
• Develop insightful, balanced audit reports with clear discussion points.
• Identify control deficiencies and assess their magnitude.
• Maintain knowledge of industry, regulatory, and economic environments.
• Ensure audit procedures align with Corporate Audit Methodology and regulatory standards.
• Apply sound judgment and maintain open communication lines.
• Build and maintain strong stakeholder relationships.
• Monitor change management initiatives and identify potential risks.
• Support and participate in Corporate Audit change initiatives.
• Maintain and enhance professional audit qualifications.
• Provide specialized consulting, analytical, and technical support.
• Work independently to handle non-routine situations.

Requirements

• Typically between 5+ years of relevant experience and a post-secondary degree in a related field of study or an equivalent combination of education and experience.
• Professional designations or business designation such as CIA, CPA-Audit.

Skills

• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal and written communication skills – In-depth.
• Collaboration and team skills – In-depth.
• Analytical and problem-solving skills – In-depth.
• Influence skills – In-depth.
• Data-driven decision-making – In-depth.

Pay

Salary: $74,000.00 - $138,000.00 (salaried). Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role and may include a commission structure. For part-time roles, salaries will be pro-rated based on hours worked. For commission roles, the listed salary represents BMO Financial Group’s expected target for the first year. Total compensation may include performance-based incentives, discretionary bonuses, and other perks and rewards.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans

For more details on benefits, visit BMO Total Rewards.