Overview
Auditor – Real Estate Secured Lending x2 Jobs in Toronto, Canada at Nexus Systems Group Inc.
Title: Auditor – Real Estate Secured Lending x2
Company: Nexus Systems Group Inc.
Location: Toronto, Canada
Category:
Overview
Location:
Hybrid – Toronto – 3 days/week (Tuesdays, other days flexible depending on team schedule)
Contract Duration: 12 months
Possibility of extension
Number of Positions: 2
Schedule
Hours:
8:30am-5pm Monday-Friday; standard 37.5 hrs/week
Reason:
Additional workload
Story Behind the Need Business group:
Retail Credit Risk Management Audit 2 – The Bank’s Internal Audit Department plays a key role as the Third Line of Defense. The Retail Credit Risk Management Audit Group has responsibility for providing independent assurance over the effectiveness of controls for retail credit risk management.
Project:
Regular audit work – The position will provide independent, objective assessment, and evaluation of the effectiveness of internal retail risk management controls relating to Real Estate Secured Lending’s Program Enhancements across the credit lifecycle (i.e. adjudication, underwriting, account management, collections and provisioning). The incumbent will provide high quality, value-added recommendations to management relating to control testing. The incumbent will ensure that department standards are met on all assignments.
Candidate Value Proposition:
The successful candidate will have the opportunity to gain exposure to risk management, audit, and corporate governance, and regulatory work, with potential to work on high visibility initiatives, for a top 5 Canadian Bank.
Typical Day in Role Auditing and Execution
Execute assigned audit activities independently as a team member or Officer-in-Charge (OIC).
Assess the overall effectiveness of governance and management oversight over Real Estate Secured Lending Program Enhancements.
Assess controls across credit risk functions, including regulatory obligations, policies, risk appetite and limits, adjudication and exception frameworks, risk systems, risk reporting, account management, collections, and data governance and data quality, provisioning.
Determine the efficiency, effectiveness, integrity and reliability of internal controls in relation to defined control requirements, employing data analytics to support conclusions, where applicable.
Execute and manage assigned activities independently in accordance with the Department Standards ensuring audit testing is sufficient and appropriate to support the audit opinion.
Document all audit work performed to ensure appropriate working papers are maintained and conform to department standards.
Problem Identification
Identify and assess materiality of control weaknesses ensuring facts are gathered and determine the root cause of the problem impact, prepare / review audit findings, as applicable.
Reporting/Communication Draft audit findings, reports and correspondence to management. Ensure writing is clear, concise and accurate.
Present and discuss findings and progress with management, as required.
Follow up on open action items and/or new audit issues raised.
Works independently within the mandate of the Department, and with periodic consultation from the Director and/or Vice President.
Escalates issues impacting deadlines, risk, and material error.
Identifies changes to the scope/extent of assigned work based on initial research/audit findings and seeks input from the Director.
Candidate Requirements / Must Have Skills 10+ years of experience as Real Estate Secured Lending retail credit risk management, with a deep understanding of retail credit risk management Real Estate Secured Lending policies, methodologies, strategies, and processes
5+ years’ experience as an Auditor in retail credit risk management
5+ years’ experience in Retail Credit Provisioning
5+ combined experience with all these data analytical tools: SAS, R or Python and PowerBI
Proven track record of training / presenting to large stakeholder groups
Nice-To-Have Skills Change management testing experience
Bilingual in Spanish
Soft Skills Required Ability to write clearly and concisely – strong communication skills
Strong strategic, analytical, problem-solving, and critical thinking skills.
A self-starter / takes initiative, deals well with ambiguity, is detail oriented.
Highly organized, ability to work in a dynamic and fast paced environment and…