Location: Regina
Work hours: Full-time (Monday – Friday, 40 hours per week)
Work Location: In Office
Division: Audit Services
Out-of-Scope
Closes February 9, 2025
General Accountability
The successful candidate will be responsible for leading a comprehensive internal audit program and providing consulting services to evaluate the adequacy of risk management and internal controls for SGI and its regional operations. You will provide assurance and advice to the Audit, Finance and Conduct Review Committee and management on the accuracy of financial information, efficacy of operations, protection of assets and compliance with legal requirements. You will be independent of management and have considerable freedom to recommend improvements to existing practices. You champion the role of Audit throughout the organization and pro-actively promote the division and the value it adds.
Job Scope
This position is a "unique" role in the organization as it reports both to the Audit, Finance & Conduct Review Committee (AFCRC) and the President & CEO. While the President & CEO has the authority over control and supervision of this position, the President & CEO must consult with the Board of Directors in disciplining or terminating the Chief Internal Auditor.
An obligation exists for this role to report any instances of fraud or unethical behaviour within the company to the President & CEO and potentially also to the Board, typically through the AFCRC Chair, as dictated by professional judgment. This position requires one to exhibit the highest level of integrity and ethical behavior. The role is expected to remain independent of management where possible.
Key Accountabilities
Note: This section is not intended to be an exhaustive list of duties and responsibilities – other duties and responsibilities may be assigned.
Internal Audit Work Plan
Oversees and directs a comprehensive work plan (including a departmental balanced scorecard) to evaluate the adequacy and effectiveness of the risk management process and internal controls, including the reliability and integrity of financial information, effectiveness and efficiency of operations, safeguarding of assets and compliance with applicable laws, regulations and contracts. The work plan must be flexible and responsive to emerging risks and changing conditions, incorporating ongoing Executive Leadership Team (ELT) and AFCRC feedback. Work plan proposals must proactively raise awareness, encourage continuous improvement and promote collaboration between divisions, while ensuring alignment with the corporate strategic plan.
Directs an agile approach to align the audit work plan to the corporate strategic plan and the risks and mitigations identified by the Enterprise Risk Management program.
Prepares, submits and presents quarterly status reports to the President & CEO and the AFCRC on the operations and products of the department as they relate to the proposed work plan.
Prepares, submits and presents an annual report on the department’s activities, including progress on the work plan and balanced scorecard results.
Monitors and evaluates the progress of the work plan to determine the need for changing priorities and resource allocation, including accessing external expertise to advance key high priority business practices and key risk areas.
Approves proposed coordination of internal audit activities with outside examiners (e.g. external auditors) and other internal processes (e.g. CEO/CFO certification).
Approves individual audit plan summaries and final reports and products for assurance, formal advisory and formal education projects.
Oversees and directs products and engagements to actively promote internal audit and ethics at all levels in the corporation.
Strategic Leadership
Prepares, submits and presents a 3-year departmental strategic program and annual strategic initiatives based on a future state vision and target operating model updated at least yearly to the President & CEO and the AFCRC.
Collaboratively participates with the senior leadership team to provide expertise, background and context, and in support of the Division and scope of responsibility as required.
Provides insight and feedback to Executive Leadership Team (ELT) on the short- and long-term strategic direction of the corporation and recommends adjustments based on current environment as related to their department.
Works collaboratively to understand and build alignment with divisional or departmental short- and long-term tactics to achieve corporate strategies.
In collaboration with EVPs, submits and presents operational and strategic reports and requests to ELT and the Board of Directors.
Advisory and Investigative Services
Identifies opportunities to provide advisory services for governance, processes or projects.
Determines appropriate resourcing and approves the approach used to deliver advisory services.
Oversees and directs advisory services on sensitive, complex or high impact projects, including whistleblower and internal security/loss investigation activities, and prepares quarterly reports for the Crown Investments Corporation and the AFCRC on these activities.
Collaborates with and advises other Saskatchewan Crown Corporations of relevant internal audit best practices, methodologies, templates and other cost saving practices.
Researches and proposes revisions to the Audit Services Charter on a periodic basis (advisory to the AFCRC).
Attends Risk Committee meetings as an advisor and monitors all Board and Board committee minutes for significant events.
Department Administration
Oversees the establishment of appropriate internal guidance on audit standards, including ongoing quality assessment and improvement in audit and consulting files. Approves communication standards for all reporting to management, the AFCRC and any other applicable audiences.
Oversees and directs negotiated agreements for external service providers as per the work plan. Includes approving work order objectives, scope and pricing, monitoring externally-sourced projects and approving reports.
Oversees the establishment of time recording and reporting.
Prepares, submits and presents staffing and compensation analysis for the department annually to the AFCRC.
People Leadership
Understands the importance of building a high performing workforce and actively leads or ensures human resource activities (staffing, change management, workforce planning) are executed to facilitate seamless customer experience and a prepared workforce.
Monitors succession plans to ensure continuous knowledge transfer.
Builds a culture of empowerment and accountability to effectively deliver on strategic vision and corporate strategies, ensuring integration with employee performance development plans.
Drives performance through team members and is committed to leadership development across the company, supporting employees and workforce readiness through mentoring, training and developmental opportunities.
Corporate Management
Ensures programs and policies are in alignment with corporate, strategic and divisional strategies.
Manages risk in area of authority.
Prepares, reviews, manages and/or approves departmental/divisional budgets.
Prepares decision requests, decision and/or information items and/or SGI board items.
Ensures that the Health, Safety and Emergency Management Policy is applied in area of responsibility, including development, implementation and managing of program components specific to departmental health and safety requirements.
Makes decisions for departmental operations that are efficient, effective and in alignment with strategic direction and priorities.
Ensures department and program policies, procedures and guidelines are in compliance with applicable federal and provincial legislation and regulations; implements and evaluates changes to legislation and regulations in area of authority.
Establishes and maintains an effective system of internal controls to support reliable financial reporting and compliance in accordance with applicable laws and regulations within the span of control, and communicates the importance of internal controls to staff.
Education and Experience
Four-year degree from an accredited post-secondary education institution in a relevant field of study such as Business or Commerce.
A Chartered Professional Accountant (CPA) or Auditing Designation.
A Certified Internal Auditor designation.
Fifteen years’ experience comprised of ten years leadership experience with progressively challenging responsibility and five years’ experience in the field of auditing and in a managerial role.
Knowledge, Skills and Abilities
Knowledge of the principles and practices of auditing: internal, external, financial, operational and information technology (IT).
Knowledge of corporate governance and internal control frameworks and techniques.
Knowledge of accounting and financial concepts, guidelines and principles, and their application to work requirements.
Knowledge of IT governance, processes and controls.
Knowledge of enterprise risk management practices and processes to promote continuous improvement within and across divisional practices to address high-priority and emerging risks.
Knowledge of corporate inter-relationships and how they interact to achieve corporate objectives.
Knowledge of effective and efficient vendor management of internal audit resources sourced externally.
Knowledge of the insurance industry.
Ability to conceptualize report findings and deliver the information in a clear, inclusive, and meaningful presentation style that enhances understanding and engagement with the audience.
Behavioural Competencies
Leader Level 5 -Applies (Division/Organization)
Accountability - Defines and Enhances Organizational
Business Acumen - Strategically Directs the Organization, Broadly Weighing Internal and External Perspectives
Change Agility - Creates and Expresses the Vision for Change
Leadership - Leads the Division/Organization
Pay Range:$151,484.00 - $201,987.00Posting Close Date:
February 8, 2025As you prepare to submit your application, and cover letter if applicable, please highlight the achievements that demonstrate why you're a great candidate for this role.