Company Information:
CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.
We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.
We’re always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit www.cibcmellon.com/experience.
Position Overview:
The AVP, Internal Audit provides strategic leadership and oversight for the execution of audits and advisory engagements across designated portfolios. This role reviews CIBC Mellon’s audit processes and methodologies, recommending improvements based on research, best practices, and emerging trends. The AVP drives technology and digital innovation, process enhancement, and skills development within the audit team, ensuring continuous improvement and alignment with organizational objectives.
Responsibilities:
- Leads audits across assigned portfolios (e.g., Operations, Combined Functions/2LOD, Information Technology), ensuring quality and compliance with internal methodologies and auditing standards.
- Champions learning, transformation, and digital innovation initiatives, including Learning & Development, Data Analytics, Reporting, and Artificial Intelligence.
- Oversees and reviews audit fieldwork for quality control, manages follow-up on remediation plans, and stays current on best practices in risk management, regulatory requirements, and systems development.
- Supports the Chief Internal Auditor in preparing and presenting reports to Senior Executives and the Board, summarizing audit activities, key issues, and remediation actions in a clear and concise manner.
- Manages Internal Audit team performance through coaching and feedback, ensuring effective human resources management, talent development, and a positive employee experience.
- Leads the annual risk assessment process, evaluating internal controls, risk management, and governance systems to prioritize areas for the annual audit plan. Supports the development and communication of the annual audit plan and resource scheduling.
- Provides advisory support to clients on internal control design and implementation, maintaining independence and expertise in emerging risks.
- Builds and maintains relationships with internal and external stakeholders, including Senior Management, parent company auditors, and clients, to facilitate effective communication and continuous improvement of internal controls.
- Reviews and recommends enhancements to Internal Audit practices, fostering a culture of continuous improvement within the team.
- Leads key audit projects to ensure a robust audit process that meets regulatory requirements and incorporates best practices, including retrospective, trigger, and targeted reviews.
Qualifications:
Education & Professional Credentials
- University degree in Finance, Accounting, or Business.
- Professional designation preferred: CA, CPA, CIA, CISA, or CRMA.
Experience
8–10 years of progressive experience in financial services and securities industry, with significant exposure to enterprise-wide operations and risk management.
Technical & Functional Skills
- In-depth knowledge of financial reporting processes and audit/control testing concepts.
- Practical experience with audit technologies, data analytics, and artificial intelligence.
- Understanding of securities industry and custody services.
- Knowledge of regulatory requirements, including AML/ATF, ICAAP, CDIC, and OSFI guidance.
Leadership & Interpersonal Skills
- Excellent relationship-building, negotiation, and communication skills (written and oral).
- Proven ability to lead and collaborate with all levels of management.
- Strong organizational, time management, analytical, and problem-solving skills.
CIBC Mellon's Values:
Get it Right Every Day: Deliver service excellence while always acting with the highest ethical standards
Put Clients at the Centre: Advocate for clients by listening, sharing knowledge, and bringing the right solutions forward
Be One Family: Challenge, empower and recognize your colleagues
Take Ownership: Speak up, speak out, and make things better
Job Specific Competencies:
- Please note, our recruitment process may include the use of AI-assisted tools.
- This role is for an existing vacancy.
