Finance Audit and Controls Manager

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

The role will ensure Finance and Treasury risk management, compliance and control responsibilities are executed in accordance with the Bank’s risk management, and compliance governance and oversight mandates. The role will reside within the Finance and Treasury functions and will be responsible for promoting a culture of compliance and risk awareness through collaborative engagement with risk owners, Risk Management, and Compliance.

MAJOR ELEMENTS OF THE ROLE

Primary Responsibilities

• Promote risk awareness in Finance and Treasury Business Units
• Managing and reporting on operational risks in Finance and Treasury including accounting operations, internal and external reporting, and regulatory reporting
• Implementation and documentation of internal controls, enhancing control descriptions, identification of control weaknesses and assisting in the remediation of deficiencies.
• Perform quality assurance testing of adherence to enterprise-level requirements and business unit specific operating procedures
• Perform testing on key controls and deliver timely reporting on New Initiative Risk Assessments (NIRA’s) to help ensure an effective and efficient internal control environment within Finance.
• Collaborate and work closely with risk and compliance teams and other internal and external stakeholders on all elements of the risk and compliance management program.
• Act as the primary liaison with Risk and Compliance.
  
  

Finance Risk Assessment and Compliance

• Assist in the development of Finance standard operating procedures.
• Maintain, review, and update the repository of Finance policies, standards, operating procedures, and guidelines.
• Ensure compliance with relevant financial regulations, accounting standards, and internal controls.
• Ensure risk is being managed effectively while maintaining a customer and performance-oriented culture.
• Review risk and compliance risk assessment reports for accuracy and completeness
• Retain record of risk assessments, including documentation of any application of professional judgement
• Monitor, coordinate and facilitate annual and trigger-based risk assessments across Finance and Treasury to ensure timely completion.
• Provide ongoing support to investigate and mitigate internal audit recommendations and assist in remediation of audit gaps including any regulatory risks identified.
• Identify risk trends and emerging risks across Finance and Treasury. Inform management and risk and compliance teams of the risk exposure.
• Collaborate with risk and compliance teams on all elements of HomeEquity Bank’s risk and compliance management program.
• Support risk and compliance teams with third party risk management and vendor governance including onboarding, financial risk assessment, monitoring, and reporting.
• Work closely and collaboratively with other risk oversight functions as well as internal and external auditors.
• Manage and coordinate response to risk, compliance, internal audit, regulatory examinations or third-party independent reviews on behalf of management.
• Recommend policy, procedure and control enhancements as required to address current and emerging risks
  
  

Controls Management, Testing and Reporting

• Perform quality testing of Finance and Treasury processes and internal controls.
• Develop action plans to address identified issues and control gaps.
• Implement action plans to remediate control gaps and monitor and report on progress.
• Facilitate control assessments and liaise with compliance and risk to share control assessment findings.
• Develop and maintain quality assurance testing plans and share testing plans, methodology and results with risk, compliance, and internal audit.
• Perform quality assurance testing of adherence to enterprise-level requirements and business unit specific operating procedures.
• Maintain record of quality assurance testing working papers and relevant reporting
• Regularly consult management and review risk, compliance, and internal audit testing results to determine appropriate updates to the quality assurance testing plan.
• Monitor status of action plans, report analysis, provide updates, and escalate key issues and incidents to management, risk, compliance, and internal audit.
• Validate issues and the associated issues severity ratings.
• Prepare documentation evidencing the closure of issues and sustainability.
• Perform root cause analysis on issues to identify risk themes and trends.
• Execute and report on existing and New Initiative Risk Assessments (NIRA) within Finance and Treasury
• Monitor and report on Key Risk Indicators (KRIs)
• Manage and report on identified gaps and compliance issues.
• Monitor and report changes to the business profile and inform management, risk and compliance of changes.
  
  

Skills And Experience Required

Qualifications and Technical Expertise

• Professional Designation, CPA ( Certified Public Accountant)
• Bachelor’s degree in finance, accounting, business administration, or a related field.
• Experience in risk management or internal audit or regulatory compliance in the finance and accounting domain.
• Treasury and capital markets experience would be an asset.
• Strong understanding of risk management, internal controls, and audit methodologies.
• In-depth knowledge of accounting principles and accounting best practices.
  
  

Attributes

• Strong analytical and problem-solving skills.
• Audit and controls mindset
• Excellent attention to detail and accuracy, with a high level of integrity and ethical standards.
• Excellent communication, interpersonal and writing skills, with the ability to collaborate effectively with multiple stakeholders at all levels.
• Ability to manage multiple priorities and meet deadlines in a dynamic work environment.
  
  

Working Conditions Unique to Job:

• Hybrid office environment
  
  

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

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

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