Audit and Advisory Services Associate Manager

3 weeks ago


Old Toronto, Ontario, Canada Manulife Insurance Malaysia Full time

Position Overview

The primary objective of this role is to engage in internal audits within the North America General Account Group and the Wealth and Asset Management Segment of Manulife Financial. The General Account Group is responsible for managing investment portfolios related to the insurance sector, while the Wealth and Asset Management segment oversees third-party assets, including mutual funds and institutional client funds. Audits in these areas encompass a diverse array of asset classes across both public and private markets, such as equities, fixed income, derivatives, commercial mortgages, timber, and agriculture.

The Associate Manager is tasked with executing assigned audit responsibilities of various types and delivering high-quality, professional, efficient, and value-added risk-based audit services. This position operates under the guidance of Audit Managers and the Director, with specific components of audit projects assigned to the Associate Manager.

Key Responsibilities:

  • Conduct audit and advisory assignments in alignment with departmental methodologies and the standards set by the Institute of Internal Auditors (IIA).
  • Manage assignments within designated timeframes and budgets, promptly reporting any timing issues or budget overruns to the Audit Manager.
  • Engage with management through interviews to discuss risks managed by the business unit; assist in formulating control objectives, identifying potential risks, and developing audit programs to assess these risks.
  • Document controls designed to mitigate risks, and create and execute audit procedures to evaluate the design and operational effectiveness of these controls.
  • Assist in presenting audit findings and recommendations to management; work towards resolving issues and reaching consensus on effective solutions to mitigate risks.
  • Contribute to the preparation of audit reports, including executive summaries and assessments of control environment adequacy, while providing practical and value-added recommendations to enhance controls and operational efficiency.
  • Follow up on outstanding audit issues until resolution, as assigned.
  • Provide on-the-job training and constructive feedback to staff auditors involved in assignments, contributing to their professional development.
  • Support business unit management by offering risk management consulting, education, and training.
  • Complete necessary tasks to assist External Auditors.

Qualifications:

  • Demonstrated experience and knowledge of investment and asset management business risks and processes.
  • Familiarity with investment areas such as credit risk, hedge accounting, complex derivatives, private equity investments, and investment valuations is advantageous.
  • A university degree is mandatory.
  • A recognized designation in public accounting (CPA), internal auditing (CIA, CFSA), or investment management (CFA) is preferred.
  • Over three years of experience in financial services, specifically in internal/external audit, risk, compliance, or equivalent roles.
  • Proven ability to understand business processes and their associated risks, analyze situations, draw appropriate conclusions, and provide practical recommendations.
  • Solid knowledge of audit methodologies, project management, control frameworks, risk management practices, and regulatory requirements.
  • Effective communication skills, both verbal and written, with the ability to listen and consider the ideas of others.
  • Strong customer focus and commitment to quality.
  • Results-oriented with the capability to manage multiple priorities and projects.
  • Ability to interact effectively with staff and audit management.
  • Proficient data analytical skills; familiarity with Power BI is a plus.
  • Leadership qualities to achieve departmental, project, and individual objectives.


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