Director, Internal Audit

- Employer
- UFA Co-operative Limited
- Location
- Calgary, AB
- Ref
- 721
- Starts
- Closes
- Job Industry
- Agriculture & Forestry, Oil & Gas
- CPA Status
- CPA Member
- Job Type
- Full-time
Position Summary:
Reporting to the CFO, the Director, Internal Audit through risk-based Internal Audit and Advisory activities, provides assistance to and motivates management to improve the quality and effectiveness of the co-operative’s control environment. This position has a high profile and degree of influence across the organization, and is required to establish and maintain effective working relationships across all levels of the areas of the organization.
Key Responsibilities/Accountabilities:
- Design, develop and implement a comprehensive annual internal audit risk assessment of the Cooperative. Develop a risk-based Internal Audit Work Plan, assign priority weightings and submit to Audit Committee for approval. Obtain Senior Management and CEO support of the plan.
- Lead the design and execution of internal audit programs including inventory controls to effectively and efficiently assess internal controls at all relevant levels (i.e. business unit, departmental, process and transactional).
- Lead and develop internal audit staff to ensure work is in accordance to Institute of Internal Auditor (IIA) standards and the practices employed are aligned with the enterprise culture.
- Lead and administer the co-operatives’ fraud prevention program (i.e. Code of Business Ethics, Fraud register, Hot line etc.)
- Recommend root cause improvements to management’s controls designed to safeguard organization resources, promote organization growth, and ensure processes are in place to comply with government laws and regulations.
- Prepare and present oral and written reports to the senior leadership team, Audit Committee and Board of Directors and employees.
- Coordinate the Audit Committee’s oversight of the performance of the Internal Audit Function.
- Establish policies for the auditing activity and direct its technical and administrative functions.
Qualifications required for the position:
- University degree with 12+ years of experience.
- Must have an accounting designation: CPA, Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE) and Certified Information Systems Auditor (CISA) designations are considered an asset.
- Possess a successful track record in the development and implementation internal controls and processes designed to ensure the utmost compliance with policies, procedures, laws, and regulations.
- Practice high level communication skills, both verbal and written, including listening and negotiating.
- Must have operated in a senior capacity. Leading and/ or managing an audit function and/or large internal audit teams.
- Comfortable working and managing relationships with Boards and senior management teams and quickly be able to gain their trust, confidence and respect.
- Able to sell internal audit concepts in a practical common sense way across the organization to help them understand how new programs will assist them to improve their operations and profitability.
- Flexibility for occasional travel.