Director, Internal Audit

Hybrid / Markham, ON
Risk, Audit & Compliance

Our Client

Our Client, a highly successful leading provider of care and services for seniors across Canada, is currently seeking a Director of Internal Audit to join their team. This is the senior level position responsible for leading the Internal Audit function reporting functionally to the Chair of the Audit Committee and administratively into the Chief Financial Officer and working closely with the Senior Leadership Team.

Position Overview

This position will have broad exposure to the operations of the organization, interacting with leaders across the operations and the shared service functions (finance, IT, HR, legal and communications), as well as with the external auditor and advisors. This individual must possess the skills to understand business strategic priorities, processes, assess the control environment, enterprise risk assessment and implement process improvements and champion best practices. Research, communication, and collaboration skills will be instrumental to the success of this role. Other success factors for this role include working in a fast-paced and changing environment, being resourceful, adding value, and exhibiting curiosity.

A key focus of the role is to quickly develop short-term tactical and long-term strategic initiatives within a long-term internal audit charter that aligns with company strategy and optimizing the internal audit function to provide value in the risk oversight activities of the internal audit function as the company continues its evolution to a fully cloud-based ERP platform across its critical clinical and financial/HCM platforms.

This is an ideal opportunity for an individual who has strong attention to detail and ability to roll up their sleeves in a fast-paced environment. The successful candidate will bring critical thinking, intellectual curiosity, and a desire to “dig in” to learn the business while being mindful of the strong culture and commitment of the Company to provide care and services to the residents and support the team members across Canada as they “help people live better”.

Responsibilities

  • Oversee the talent agenda for the function including recruiting staff, developing talent, building effective teams and managing the functional budget
  • Work collaboratively with outsourcing partners, where needed, to drive the Internal Audit program
  • Develop approaches to promote knowledge sharing and management best practices within the Internal Audit team and across the organization
  • Provide ownership over the strategy to deliver on Internal Audit’s purpose, mandate and stakeholder audit needs
  • Embrace and embody the company’s mission, vision and values as well as commit to the key leadership principals
  • Establish a vision and roadmap for Internal Audit which will include increased use of data analytics and technology as the company continues its evolution of the major ERP applications to an integrated cloud-based platform including leading platforms such as Workday, Okta, ServiceNow.
  • Collaborate closely with the Quality, ERM and Risk and Claims teams within the company to develop synergies in risk identification, monitoring, response, issue management and reporting, as appropriate, leveraging the quality team to conduct clinical aspects of Internal Audit engagements.
  • Establish policies and procedures to guide the staff and audit work that conforms to the Standards for the Professional Practice of Internal Auditing
  • Oversee risk-based Internal Audit projects through the entire audit project cycle, including planning, scoping & risk assessment, conducting stakeholder interviews, reviewing & analyzing supporting documentation, discussing findings and recommendations with stakeholders, and preparing final reports to the Board of Directors and the Senior Leadership Team
  • Escalate significant issues and corrective actions, and coordinate the assessment and mitigation of emerging risks and issues with leaders
  • Provide quarterly reporting on Internal Audit’s activities to the Senior Leadership Team and Audit Committee of the Board of Directors
  • Coordinate Internal, outsourced Internal Audit resources and External Audit efforts to ensure adequate audit coverage, minimize duplicate audit efforts, and achieve cost efficiencies
  • Develop and deliver the annual audit plan including:
    • Core assurance responsibilities such as National Instrument 52-109 internal controls over financial reporting testing (e.g., ICFR and ITGC)
    • Risk-based audits, both assurance and advisory, leveraging the results of the enterprise risk assessment and stakeholder audit needs
    • Advise and assist the business on major change initiatives

Qualifications

  • 15+ years of experience in a related role, including experience in a public company environment strongly preferred (i.e., strong knowledge of IFRS, ICFR and ITGC)
  • Related certifications (CPA, CA, CIA, CFE or equivalent)
  • Comprehensive understanding of multiple disciplines (audit, risk and compliance)
  • Demonstrated capabilities and understanding in utilizing technology and data metrics in a cloud-based, large-scale integrated ERP platform to drive productivity and effectiveness of the Internal Audit function
  • Strong knowledge of IT Controls and IT Security including COBIT frameworks
  • Strong proficiency with Microsoft Office 365 and experience with large ERP platforms (experience with Workday, Okta, ServiceNow would be an asset)
  • Experience in health care and/or highly regulated industries would be an asset
  • Demonstrated success in business, functional and people management
  • Consistently demonstrates clear and concise written and verbal communication
  • Demonstrated ability to remain unbiased in a diverse working environment
  • Ability to develop and mentor the talent within the Internal Audit function
  • Hands on and committed to getting the job done with outstanding work ethic, in a fast paced, dynamic environment

Our client believes that working as a team creates an environment that allows everyone to reach their potential. They value each team member, encourage equal opportunity for growth and recognize achievement. As a valued member of the team, you can expect:

  • Continuous mentorship, support for life-long learning and growth opportunities
  • Opportunities for advancement and career growth within the organization
  • A rewarding and meaningful work experience where you can enrich your life and the lives of others through your work
  • Employee Family Assistance Program
  • Mentor and provide financial support for CPA program and professional dues
  • A robust benefits package including RRSP matching

All inquiries and applications will be held in strict confidence.
We regret that only qualified candidates will be contacted.

If you’re not interested, but know someone who is, please help a current or former colleague in their career development by referring them.

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Katie Watt

Research and Operations Specialist

Katie enjoys being part of the Research and Operations division at Thorek/Scott and Partners. Katie utilizes her skills in research, project and data management to support the recruiting efforts of the Thorek/Scott and Partners team. She enjoys working in the positive team atmosphere that Thorek/Scott and Partners offers.

After completing her Master’s in Geography at the University of Toronto, Katie worked in consulting in the environmental non-profit sector where she conducted policy analysis and delivered workshops on sustainable development. Katie continues to pursue her passions of environmental protection by volunteering with local environmental non-profit organizations.

Lisa is thrilled to be a part of the team at Thorek/Scott and Partners. Lisa’s deep background in financial services, relationship building, and customer service coupled with her background in operations and support has been instrumental to the firm’s Research and Operations division. Prior to joining Thorek/Scott and Partners, Lisa worked for over 10 years in a large Canadian Bank in front facing, client operational roles. Having worked for large organizations in the past, she is delighted to be part of a close-knit group and enjoys the upbeat office and friendly environment at Thorek/Scott and Partners.

In her free time, Lisa enjoys reading, crafting and spending time with family and friends.

Derek Young joined Thorek/Scott and Partners following a successful tenure with one of the globe’s largest recruitment firms where he specialised in consulting, legal and compliance search across a range of industries including financial & professional services. He is passionate about helping people fulfil their long-term career aspirations. Derek’s personable approach and deep knowledge allows him to develop strong relationships with both his candidates and clients.

After completing his B.Com from the University of Toronto’s Finance program, Derek began his career off as a financial advisor working for two of Canada’s largest wealth managers. These roles taught him the importance of listening to his clients and always putting their goals first. Derek has lived and traveled in Ireland, Europe and Africa. He enjoys playing and watching a variety of sports, and spending time with friends and family.

Lisa is thrilled to join the Thorek/Scott and Partners team and brings 30 years of experience in large public sector organizations. She has held multiple executive leadership positions in the education sector and as CEO was responsible for overseeing all aspects of the organization including Human Resources, Operations, Information Technology, Finance, Capital, and Leadership.

Lisa brings her insight and experience to executive recruitment. She is a highly motivated and goal-oriented professional dedicated to finding high quality talent.

Lisa has worked with multiple stakeholders within the community and at the Provincial level. She has trained senior executives on Strategic Planning and Implementation in Canada and the United States. She has taught Masters’ level courses and College programs. She has authored documents on Strategic Planning, Poverty, Succession Planning and Leadership Development.

She holds a Bachelor of Arts in Psychology, and a Master’s degree in Leadership/Administration. Lisa completed the Executive Leadership programs at Rotman School of Management and the Richard Ivey School of Business as well as earning multiple certificates at the Queens Executive Education Program.

Lisa belongs to several professional organizations including the Professional Women’s Network, Equal Voice and Elevate. In her spare time, she enjoys spending time with family, travelling, and giving back to her community.

Lauren Thorek is proud to be a member of the recruiting team at Thorek/Scott and Partners. Since joining the firm, Lauren has taken an active role in providing the highest levels of service and support to our clients and candidates.

Ethical, passionate and innovative, Lauren builds lasting relationships and strives to create solutions tailored to fit the short-term needs and long-term goals unique to different individuals and organizations. She thrives on challenge and is motivated by exceeding expectations on tough, hard to close searches.

Active in multiple sectors including Real Estate, and Investments and Financial Services, Lauren views success as being a passionate advocate for her candidates and a valued partner to her clients.

Sari Friedman is delighted to be back at Thorek/Scott and Partners. With over 25 years of real estate and finance experience and a passion for people, transitioning into the recruitment industry was a natural fit for Sari. 

She brings multiple experiences and synergetic attributes to her role at Thorek/Scott. Having worked as an equity research associate covering real estate and REITs, Sari has a strong understanding of the real estate industry. She holds a real estate license, has actively traded real estate and is a personal investor. Sari’s technical insight combined with her outstanding business acumen, strong negotiation and research skills adds tremendous value to clients and candidates. 

Sari is well known for her caring and friendly demeanour. She is passionate about helping people with an emphasis on providing an individualized human experience. She will often go above and beyond when coaching her candidates and clients throughout the recruitment process. Sari takes the time to understand the needs of her clients and candidates and creates long lasting relationships. 

Sari graduated from University of Western Ontario majoring in Economics and earned her MBA from the University of Toronto Rotman Management Program. She enjoys spending time with her family and friends, cooking, travelling and camping.

Steven is a CPA who graduated with an honours bachelors degree in business from McMaster University & from Cornell University with an Executive MBA. Before joining Thorek/Scott he spent his career in industry, building large support service teams and also taking an active role in the overall corporate recruitment functions as a VP/CFO. He prides himself as a recruiter who is transparent, a great communicator and gives honest feedback.

Steven is passionate about travelling, having visited over 130 countries, and about his Toronto Maple Leafs.

Faye Thorek is an accomplished executive search consultant with over 40 years of experience in the Canadian recruitment market. Known for her keen insight and compassionate dedication to her work, Faye envisions herself as an advocate for those with whom she conducts business. Over the years, Faye has consulted numerous companies on how to best craft their strategic vision and then taken the lead on executing that mandate. She has spoken on recruitment and search issues to a wide range of audiences.

Outside of the office, Faye is also a committed investor in people. She volunteers with Out of the Cold, Kids.now, and Bereaved Families of Ontario (BFO). She has sat on the Professional Development Steering Committee of the HRPAO. She is a former member of the Board at BFO and the North York Harvest Food Bank.

Having founded Thorek/Scott and Partners over four decades ago, Michael Thorek has been shepherding its growth ever since. Together with his wife, Michael is dedicated to building a business with humanity, innovation, and excellence at its core. A specialist in the recruitment of talent for the Financial Services Industry, Michael has currently turned his interest towards the field of Risk Management, Capital Markets and Database Marketing Analytics. A jack of many trades, Michael is also a father, inventor, scholar and scribe, who possess a keen interest in comparative religions.