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Director, Internal Audit

  • Full Time
  • Toronto

Infrastructure Ontario


Infrastructure Ontario (IO), an Ontario crown corporation, provides a wide range of services to support the Ontario government’s initiative to modernize and maximize the value of public infrastructure and realty. IO has been recognized domestically and internationally for the way it does business and the success it has had with its major projects, real estate services, infrastructure lending, commercial projects, and development mandate.

IO delivers some of the most complex, ambitious commercial and land development solutions for the Province and continues to evolve and expand its capabilities to maximize its public impact and deliver on its vision of creating a connected, modern and competitive Ontario. Infrastructure Lending Our Loan Program has helped support more than $18 billion in local infrastructure investments across Ontario. It provides affordable, long-term financing to public sector clients, allowing them to modernize and renew their infrastructure.We have helped hundreds of clients deliver thousands of community projects in all parts of the province.

Our Loan Program has been used to revitalize roads and bridges, build new recreation centres and affordable housing units, and purchase equipment like fire trucks and energy-efficient streetlights.We tailor our loans to meet the unique needs and complex development challenges of municipalities, housing providers, universities and other eligible public sector clients. All borrowers within each sector share the same affordable rates and benefits of the Loan Program regardless of their size or location.Each loan is different but its impact is the same: efficient, healthier and more prosperous communities across Ontario.Reporting to the VP, Internal Audit, you will support the operational execution of the Internal Audit function at IO to provide independent, objective assurance and advice designed to add value and improve the organization’s operations.

Through Internal Audit’s direct reporting to the Audit Committee and collaborating with the Executive team, you will help the organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management, and control processes. Additionally, this role will be a key contributor to development of staff, rooted in IO’s value proposition, leadership development framework, and employee value proposition. 

What You Will Do:

  • Operationalize execution of the Internal Audit plan by leading the day-to-day execution of internal audit engagements, the CEO/CFO certification program and special initiatives to identify, evaluate and report on the organization’s risk areas, management’s system of internal controls, and compliance with policies and procedures. 
  • Manage and maintain the quality of deliverables across all aspects of internal audit engagements (covering planning, execution and reporting) by ensuring utilization of IO’s risk-based internal audit methodology, independence and objectivity.
  • Provides advice to the Executive team and key functional leads on areas of risk/improvement to add value and drive continuous improvement to the organization’s operations. 
  • Assist in the development of the annual Internal Audit plan in line with IO’s enterprise risks and strategic objectives, administration of the annual budget, and monitoring of status against plans.
  • Manage external service providers by overseeing execution of work and monitoring of effectiveness. 
  • Develops and maintains strong relationships with senior stakeholders to strengthen confidence and trust in Internal Audit by providing timely strategic, risk, governance and controls support to IO business teams responsible for implementation enterprise initiatives. 
  • Identifies opportunities and leads implementation of internal audit process improvements and ensures timely implementation. 
  • Liaise with IO’s Enterprise Risk team to support the identification of new/emerging risks, where appropriate, through the daily execution of internal audit engagements. 
  • Leads and supports developing a high performing team of Senior Internal Auditors and managers through timely feedback, ongoing coaching and mentorship. 

    • What We Are Looking For:

  • Many years of related progressive experience in Internal Audit, preferably within the public sector/public agency, public accounting or construction/capital projects 
  • A professional designation such as Certified Internal Auditor (CIA), Certified Management Accountant (CMA), Certified General Accountant (CGA), Certified Professional Accountant (CPA), Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE) 
  • Sound knowledge of accounting, auditing and risk management frameworks ( COSO 2013, COBIT, ISO 31000), audit practices, procedures and relevant internal auditing standards ( IIA). 
  • Knowledge of the public sector risk and audit environment and audit software tools. 
  • Experience with P3 or large complex capital projects ( civil, social, transit) and delivery models considered a strong asset 
  • Strong interpersonal and oral/written/presentation skills and experience presenting to Executive Management level stakeholders. 
  • Leadership skills to motivate team members, set expectations and standards. 
  • Experience with MS Office Suite (Outlook, Word, Excel, PowerPoint, etc.). 
  • Experience with utilizing data analytics in performing audits is an asset

    • What’s In It For You:

  • Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
  • A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
  • A defined contribution pension plan, where IO contributes the equivalent of 5% of a full-time employee’s annual salary, with an option for IO to match an additional 5% contribution made by the employee.

    IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future.
  • A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.
  • A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 95% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks.
  • Access to our $1000 Healthcare Spending Account to top up expenses not covered in the benefits program and a Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for fitness equipment, nutrition counselling or financial planning.
  • Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being. IO will also cover the costs associated with up to two membership and licence fees per year for eligible colleagues if directly related to the employee’s role.
  • Access to a suite of virtual healthcare options to support non-urgent medical needs

    • $120,500 – $180,800 a yearThis posting will close on September 24th, 2024 at 5pm EST. The salary range for this position is  $120,500 to $180,800  with a corresponding job level of  M3 Exact compensation will vary based on skills, knowledge and experience Interviews will be conducted on a rolling basis until the position is filled.

    After reviewing the qualifications listed above, we want you to know that we understand you may not meet all the qualifications described, but still encourage you to apply, as you may have other relevant expertise and experience that you can bring to the role.At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging. We believe that experience comes in many forms and through learning from each others’ differences and perspectives gives us strength.

    We are committed to enhancing our culture and encourage applications from all walks of life. Let us know if you require any accommodations for the selection process, by contacting the Talent Acquisition Team.Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience will be taken into consideration as applicable to the posted position.By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process.

    Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so. Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data.

    To apply, please visit the following URL:https://en-ca.whatjobs.com/pub_api__cpl__79167717__4809?utm_campaign=publisher&utm_medium=api&utm_source=4809&geoID=6225→