Chief Audit Executive

We are banking at another level.

Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.

Choosing BDC as your employer also means:
- Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few- In addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1- A hybrid work model that truly balances work and personal life- Opportunities for learning, training and development, and much more...

This position requires bilingualism in both official languages, English and French.

POSITION OVERVIEW

The Chief Audit Executive (CAE) promotes the vision of the Internal Audit function as Trusted Advisors who provide professional guidance and advice to the President and CEO, Senior Management Committee, and Audit and Conduct Review Committee to influence positive change. The CAE will lead the internal audit function and oversee investigative activities at BDC. The CAE’s primary function is to provide assurance on the effectiveness of governance and risk management, including assessing the strength of the organization’s control environment. The CAE must be a highly effective leader with high integrity, courage, and effective leadership and communication skills. The position reports directly to the Chair of the Audit and Conduct Committee of the Board of Directors and reports administratively to the President and Chief Executive Officer.

CHALLENGES TO BE MET- Oversee the detailed risk assessment and preparation of the annual audit plan for presentation to the Audit Committee, which involves leading discussions with business line executives regarding audit planning and risk assessment.- Plan, organize, staff, and direct all internal audit activities, including the development of a risk-based audit scope to ensure appropriate risk coverage.- Promote the use of data analytics to innovate and improve the performance of audits and the assessment of risks and internal controls.- Ensure internal audit results are prepared and communicated on a timely basis to influence positive change to increase the effectiveness of governance, risk management, and controls, including opportunities for process improvements.- Participate in projects and transformational initiatives early to provide a proactive perspective on governance, risk management, and controls.- Ensure proper communication and relationship with the board, audit committee, and senior management to ensure a proper understanding of individual and collective responsibilities for corporate governance, risk management, and controls oversight, including promoting the vision of Trusted Advisor.- Lead the development of policies, guidelines, and standards that ensure adherence to the Institute of Internal Auditors standards.- Assist in external and regulatory audit coordination and support the Chief Financial Officer as well as the Chief Compliance Officer (i.e., VP and Group Lead, Enterprise Risk Management) in ensuring an appropriate and consistent approach in all dealings.- Maintain a dialogue with industry colleagues, professional audit organizations, and other firms, and keep abreast of Internal Audit standards and regulatory issues.- Lead and develop the internal audit team (approximately 15 senior professionals). Oversee the daily management of the internal audit team, including recruitment, training, professional development, and talent retention. Foster a collaborative work environment and support the growth and development of team members.

WHAT WE ARE LOOKING FOR- Bachelor’s degree in Commerce, Finance, or Business Administration- At least 20 years of relevant experience in increasingly senior management positions, with strong governance, risk management, and control knowledge within the financial services sector- Professional designation of CPA or CIA is an asset- Excellent communication and report writing skills- Broad understanding of financial services products, financial instruments, and venture capital, as well as the associated business processes and risks- Ability to quickly gain credibility with senior management committee and Board members by expressing oneself confidently, in a polished manner- Ability to lead a team of highly specialized professionals, including training and coaching- Integrity, independence of mind, and courage to take a stand on important issues and drive change as necessary- Bilingualism required, in French and English, both verbal and written

SPECIFIC KNOWLEDGE AND TECHNICAL S