Principal, Internal Auditor and Business Controls

POSITION SUMMARY

The Principal, Internal Auditor and Business Controls serves as a strategic leader responsible for developing and executing the organization's audit strategy while providing advisory services across the organization. This senior role has a key role in identifying business risks, ensuring adherence to policies and procedures, and providing insights through business analysis to support strategic decision-making. The incumbent will contribute to continuous improvement by recommending enhancements to business processes and control frameworks as well as act as a trusted strategic advisor to the CEO, Executive Leadership Team and Board of Directors.

POSITION ACCOUNTABILITIES 

Internal Audit

• Develops and implements the organization's comprehensive internal audit strategy and annual audit plan aligned with PRPA's strategic objectives and risk profile.
• Establishes the vision, methodology, and strategic direction for the internal audit function, ensuring it delivers value and supports organizational goals.
• Leads and conducts financial, operational, and compliance audits across departments, ensuring adherence to internal policies and external regulations.
• Reviews and evaluates internal controls, risk management processes, and governance structures to provide meaningful insights based on knowledge and research to improve PRPA's management and control processes.
• Prepares detailed audit reports, summarizing findings and recommendations for improvement to management and key stakeholders with clear findings and actionable recommendations.
• Monitors implementation of audit recommendations and ensures timely remediation of identified issues.

Business Controls

• Partner with business units to evaluate and enhance existing business controls and processes to ensure risk mitigation and operational efficiency.
• Directs in design, implementation, and monitoring of key controls in new and existing business processes.
• Supports management enterprise in performing risk assessments, identifying key risk indicators, and implementing control solutions.
• Ensures compliance with corporate policies, regulations, and other requirements.
• Leads transformation initiatives to modernize audit approaches, leveraging data analytics and emerging technologies.

Business and Risk Analysis

• Facilitates executive-level discussions on enterprise risks, offering strategic insights to inform decision-making and risk appetite considerations.
• Directs financial and operational analyses to identify trends, variances, and potential opportunities for process improvements.
• Collaborates with business leaders to provide actionable insights from audit findings, data analysis, and risk assessments.
• Evaluates and analyzes strategic initiatives, identifying potential risks and controls in support business objectives.
• Assists in evaluating and analyzing strategic initiatives, identifying potential risks and controls that support business objectives.

Strategic Leadership and Executive Advisory 

• Provides insightful analysis and recommendations on complex business decisions, major initiatives, and strategic opportunities from a risk and control perspective
• Translates technical audit findings into strategic business implications, helping leadership understand potential impacts on corporate objectives
• Presents comprehensive audit results, risk assessments, and improvement recommendations to the Board and Audit Committee Partners with business unit leaders to develop strategic solutions that balance effective controls with operational efficiency and business performance
• Integrates AI into core responsibilities to drive efficiency, strengthen analytical insight, and enhance decision making across key activities.

WORKING CONDITIONS

• Works predominantly in an office environment.
• Regular, full-time position (37.5 hours per week).
• Regular working hours are Mondays to Fridays, 8:00 AM to 4:30 PM, with a 1-hour unpaid lunch break.

JOB SPECIFICATIONS

Formal Education and Certifications

• University degree in Accounting, Finance, Business Administration, or a related field.
• Professional accounting designation required (CIA, CPA, CA).
• CISA an asset.
• Additional education in or certifications in enterprise risk management (CRMA, CRISC) considered an asset.

Related Experience

• 7-10 years of experience in internal audit, risk management, and business controls in a corporate environment.
• Minimum 5 years in a senior leadership role overseeing audit or risk management functions.
• Proven experience providing strategic leadership and advisory services to C-Suite, Senior Management and Audit Committees in all aspects of Internal Audit, Enterprise Risk Management and Business Controls.
• Experience in collaborating with various stakeholders, including governing boards, audit committees, and senior executives, to secure buy-in and support.
• Previous experience supporting the audit of Information Technology and digital processes controls considered an asset.

Other Requirements

• Strong understanding of financial reporting, regulatory requirements, and internal control frameworks.
• Analytical skills with the ability to interpret complex financial data and business processes.
• Strong communication and presentation skills, with the ability to effectively convey audit findings and recommendations to all levels of the organization, including Board of Directors.
• Proficiency in audit management software, data analytics tools (e.g., Excel, Power BI), and ERP systems (experience with BC365 is a plus).
• Excellent time management skills to independently manage the planning and execution of several audits, special assignments, or projects in a deadline-driven environment.
• Attention to detail and a high level of accuracy.
• Problem-solving skills with a proactive approach to identifying and addressing business risks.
• Strong leadership skills and political acumen with a proven ability to drive organizational change.
• Build collaborative and effective partnerships across functions to achieve results.
• Ethical and objective judgment in handling sensitive audit findings.
• Able to obtain security clearance under Transport Canada's Security Clearance Program.

The base salary range for this role is $167,927.00 to $209,909.00

Equity, Diversity, Inclusion and Belonging are at the heart of PRPA's culture and play a vital role in our growth strategy. We are committed to ensuring that everyone feels a sense of belonging and can contribute to their maximum potential. Our differences are the reason great things happen here. If you are an applicant in need of accommodations or special assistance throughout the interview process, please submit a request by email to 

Individuals of Indigenous descent are strongly encouraged to apply.