WHO WE ARE
HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.
OUR VALUES, OUR PASSION
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.
- Customer-Focused. Passionate Advocates
- Courage to Act. Do the Right Thing
- One Team. One Vision
- Think Long-Term. Ever-Evolving
- Be Exceptional. Inspire Greatness
POSITION SUMMARY:
Reporting to the Director, Internal Audit, the role is focused on executing internal audits by assessing risks, evaluating internal controls, making recommendations regarding control deficiencies, and identifying opportunities for process improvements. The Internal Audit Manager plays an important part in achieving Internal Audit’s objectives as well as to drive value across the organization including executing Audit strategic changes, ensuring audit activities meet Internal Audit standards and regulatory requirements, supporting Audit level reporting to the Audit Committee of the Board, and managing relationships with stakeholders across the Bank. The candidate should have demonstrated the ability to influence management, build strong trusted relationships and drive change designed to mitigate risk.
MAJOR ELEMENTS OF THE ROLE:
The Internal Audit Manager will be responsible for:
Preparing audit planning documents, ensuring proper coverage and adhering to auditing principles.
Executing audit engagement, presenting audit findings, and conducting audit kick off/closing meetings.
Assessing key control design, executing testing, and identifying gaps/deficiencies in the control environment.
Preparing internal audit reports for management along with maintaining working papers.
Monitoring and validating audit findings to ensure effective and timely resolutions.
Identifying opportunities for test automation using data analytics.
Coordinating with external audit professionals to ensure timely execution of co-sourced audit engagements.
Supporting regulatory requests.
Keeping abreast of regulatory and industry developments as well as emerging risks.
Working collaboratively with and assessing the effectiveness of key risk management strategies with 1st and 2nd Lines of Defense.
SKILLS AND EXPERIENCE REQUIRED:
5+ years of Audit or Risk experience. A professional designation or certification (CPA, CIA, ACAMS) is considered an asset.
Good understanding of the financial services industry and Canadian Personal Banking.
Knowledge of the Canadian regulatory system, specifically knowledge of FCAC, OSFI and FINTRAC laws and regulations applicable to the Bank.
Strong written and communication skills, with ability to influence and manage meetings.
Strong analytical and problem-solving abilities, and ability to understand complex business processes, related risks and key controls.
Results driven, highly organized and comfortable working in a fast-paced environment.
High degree of curiosity to challenge assumptions and draw conclusions or make recommendations that may involve significant risk or ambiguity.
Team player, ability to multi-task, detail-oriented, strong commitment to quality and consultative skills.
WHY WORK AT HOMEEQUITY BANK?
Great Environment
HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.
We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.
A Dynamic Culture – With People at the Centre
We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.
Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.
Celebrating Great Work and People
We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.
From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.
Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.
The Perks (for eligible employees)
HomeEquity Bank offers a competitive total rewards package that includes:
Extended health and dental benefits
Employee & Family Assistance Program
Employer-Matched Group Retirement Savings Plan
Employee Share Investment Plan
Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
Employee corporate discount for GoodLife Fitness
HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Please note that our successful candidate is required to complete a background check.
Stay in the Know
Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:
LinkedIn
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Chip.ca
Join Us! If you’re ready to build the future of reverse mortgages, we want to hear from you.
Top Skills
What We Do
HomeEquity Bank is a Schedule I Canadian bank and is the only provider exclusively focused on reverse mortgages for homeowners aged 55 and over. HomeEquity Bank is a privately held company and helps Canadians live retirement their way by providing a safe, secure, and easy way to access the equity they’ve built up in their homes through their financial solutions, the CHIP Reverse Mortgage® and Income Advantage®.
HomeEquity Bank has been the leader of reverse mortgages in Canada since its inception in 1986. HomeEquity Bank has an effective direct-to-consumer distribution model as well as a well-established network of referral partners. This extensive partner network includes all major Canadian banks, credit unions, mortgage brokers, and financial planning firms.
