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Audit Manager Associate

1 month ago


Toronto, Ontario, Canada Company 1 - The Manufacturers Life Insurance Company Full time
About the Role

The Associate Manager Audit role is a key position within the North America General Account Group and the Wealth and Asset Management Segment of Manulife Financial. The primary focus of this position is to work on internal audits, ensuring the effective management of investment portfolios and third-party assets.

Responsibilities
  • Complete audit and advisory assignments in accordance with department methodology and Institute of Internal Audit (IIA) standards.
  • Manage assignments within time budgets and target dates, reporting any timing problems or budget over-runs to the Audit Manager.
  • Communicate with management regarding the risks being managed by business units, and assist in developing control objectives, 'what could go wrong' statements, and audit programs to evaluate these risks.
  • Document controls to mitigate risks, write and execute audit procedures to test the design and operating effectiveness of these controls.
  • Assist in presenting audit findings and recommendations to business unit management, resolve issues, and reach agreement on appropriate solutions to mitigate the risk/impact.
  • Assist in preparing audit reports, including executive summaries and ratings of adequacy of control environments, making practical and value-added recommendations to improve controls and the efficiency and effectiveness of operations.
  • Follow up on open audit issues until resolved, as assigned.
  • Provide on-the-job training and feedback to staff auditors assisting on assignments and contributing to their development.
  • Assist business unit management by providing risk management consulting support, education, and training.
  • Complete assigned work required to support External Auditors.
Requirements
  • Experience and good knowledge of investments and asset management business risks and processes is required.
  • Knowledge of investment areas such as credit risk, hedge accounting, complex derivative instruments, private equity investments, and/or investment valuations would be desirable.
  • University degree is required.
  • A recognized public accounting (CPA), internal auditing (CIA, CFSA), or investment management (CFA) designation is desirable.
  • 3 plus years of financial services experience within internal/external audit, risk, compliance, or equivalent financial services business experience.
  • Demonstrated understanding of business processes and their risk implications, analyze situations, reach appropriate conclusions, and make value-added and practical recommendations.
  • Demonstrated knowledge of audit methodologies, project management, and system development methodologies, control frameworks, and risk management practices, and regulatory requirements.
  • Ability to effectively communicate ideas and recommendations orally and in writing, and to listen and consider ideas of others.
  • Customer focus and commitment to quality.
  • Results-oriented; ability to balance multiple priorities and projects.
  • Ability to deal effectively with staff and audit management.
  • Good data analytical skills and understanding of Power BI is an asset.
  • Leadership skills in achieving departmental, project, and individual objectives.
About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions.

At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong.

Manulife is an Equal Opportunity Employer.