Audit Manager-Projects

Address:

Project Audit is a specialty team within the Corporate Audit Division that assesses the quality and effectiveness of internal controls, governance, and risk management activities over select high-risk, multi-million-dollar initiatives. These projects/programs typically span multiple years and involve significant investments across BMO’s operating groups, providing a unique opportunity to gain enterprise-wide exposure and engage with senior management. In addition to delivering audit opinions, the Project Audit team adds value by identifying and communicating opportunities for process efficiencies and enhanced risk management practices.

Your Key Responsibilities

As an Audit Manager on the Project Audit team, you will be responsible for testing key internal controls and governance and risk management processes in alignment with Corporate Audit Methodology. You will identify and communicate with Project Audit leadership changes in project risks, processes, and/or desired outcomes observed through audit work, along with recommended responses. You will contribute to team efficiency by identifying opportunities for simplification, automation, and data-driven insights. Strong communication and client relationship management skills are essential as you will engage with senior leaders across BMO.

This is a hybrid role requiring either Project Audit or internal audit experience. Strong critical thinking and adaptability are key to success in this role. Exposure to, or experience in, auditing strategic or regulatory initiatives delivered through diverse planning and delivery approaches—including software development life cycles such as Waterfall, Agile, or Hybrid—is considered an asset, with adaptability and learning capacity highly valued.

Other key responsibilities include:

• Act as a trusted advisor to assigned business groups, influencing and negotiating to achieve objectives.
• Identify emerging risks, trends, and technology impacts to inform audit planning and execution.
• Provide critical input to audit leadership on practical aspects of audit execution and contribute to annual audit planning and process improvement initiatives.
• Provide input into annual audit planning and Corporate Audit process improvements.
• Execute audits with full recognition of inherent, control, regulatory, and environmental risks. This may encompass individual audits and capstone audits of enterprise-level functions and processes.
• Conduct advisory engagements and other specialized reviews as required.
• Determines 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.
• Apply data analytics to enhance audit quality and efficiency.
• Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve Enterprise management and control processes.
• Maintains the independence of the audit practice and its personnel.
• Develops insightful discussion points contributing to audit reports that provide fair and balanced assessment of governance, risk and control processes based on audit work performed. Deliverables must be objective, clear, concise and timely.
• Identifies control deficiencies and provides a fair and balanced assessment of their magnitude.
• Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment.
• Ensure that all audit procedures executed are conducted in accordance with Corporate Audit Methodology as confirmed by its Quality Assurance program and/or regulatory examination results.
• Apply sound judgement in the execution of the assigned work and ensure open lines of communication.
• Develops and maintains good working relations with key stakeholders.
• Actively monitors change management initiatives and identifies potential risks.
• Actively participates 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; may have broader, enterprise-wide focus.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically, between 5+ years of internal audit experience with a focus on Project Auditing and/or exposure to strategic initiatives and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Professional designations or business designations such as CIA, CISA, CRISC, CISM, and/or PMP highly valued.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem-solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

This is a hybrid role requiring 3 days in the Toronto office- subject to change

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.