Position:Audit Specialist
File:HR07-405
Division:Internal Audit & Risk Management
Department:Internal Audit
Reports to:Director, Gaming Operations
Location:Toronto
Status:Full time
Salary Grade and Range:MPSS 12 ($63, 759 - $82, 090)
Closing Date:February 6, 2008
Position Summary
Audit Specialists are risk and control experts whose core role is to provide objective assurance to the Executive Management and the Board on the effectiveness of OLG activities, to ensure key business risks are being managed appropriately and that the system of internal control is operating effectively. This includes the evaluation of internal controls, the application of risk reduction strategies and other governance activities to create value for OLG.
To achieve this objective Audit Specialists bring a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes at OLG by:
Completing risk-based business process audit assignments with the goal of improving the overall risk/control environment of OLG;
Assessing the design of OLG’s control environment using analytics and trend analysis;
Troubleshooting the root causes of control weaknesses or areas of non-compliance;
Developing process design recommendations, design enhancement recommendations, and/or opportunities for employee training and development that reduce risk to acceptable levels;
Researching, analyzing and advising on the development and implementation of new and/or revised policies and procedures, standards and control techniques; and
Guiding management and staff to comply with OLG policies and procedures, accounting standards, control principles and relevant laws and regulations wherever OLG operates.
Major Responsibility Areas
Organize and execute audit work and work programs in consultation with Audit Senior Manager/Director, within the overall audit plan/schedule;
Preparing planning memos and supporting documentation including system review assessments;
Develops and implement data mining techniques as required; and
Conduct risk analyses.
Obtain analysis and review audit evidence as a basis for an informed independent and objective opinion concerning the efficiency and effectiveness of internal controls within the audit scope;
Gather, organize, interpret and synthesize data or information to formulate appropriate audit conclusions. Be capable of recommending and applying a sampling or data mining approach to validate control assertions;
Report audit findings and preliminary recommendations, for review with the Audit Director. Ensure that all audit findings, exceptions and proposed adjustments in working papers are adequately documented;
Ensure audit activities meet professional audit and reporting standards, performance targets, budgets, and timelines; and
Ensure audit plans, workpapers and documentation meets the divisional and professional standards.
Prepare reports on audit findings for client management and/or committees;
Provide advice to Audit Senior Manager/Director for discussion with client management groups within area assigned; and
Communicate issues and opportunities to senior member of audit team for discussion with clients. Ensure that audit findings and solutions are realistic, workable and meet client business objectives.
Run key tools and risk assessment sessions, including process mapping, process risk and design assessments, risk prioritization and test planning and development;
Contribute to developing the audit team and support the culture of continuous development and improvement; and
Complete multiple sections of audit work programs and to conduct related testing as assigned or be assigned to moderately complex sections of the work program that require specialized business acumen.
Identify and resolve issues/concerns that may arise during the conduct of the audit;
Negotiate sensitive issues and audit findings with clients;
Work with Directors and Executive to deliver the observations to Business Management and obtain adequate solutions in the form of management action plans; and
Co-operate with external auditors and keep abreast of external developments, laws and regulations affecting accounting and auditing.
Minimum Qualifications
University Degree, (e.g. BBA, BComm or equivalent)
Professional Designation or Masters Degree in a related field (i.e. CMA, CGA, CA, CPA, CISA, CIA, P.Eng, MBA)
5 Years of Audit or Related Business. Experience in Gaming and/or Financial Sector.
Demonstrated Progressive Business, Accounting, or Auditing Experience
CoBIT frameworks, utilizing such techniques as control self-assessment and diagnostic database mining tools.
Ability to assess strategic, operational, and financial risks and ensure that these are adequately measured, managed, and controlled, while establishing appropriate governance.
Excellent business context knowledge including detailed process life cycles across diversified environments and activities that extend over functional boundaries.
Ability to operate with honesty, integrity, credibility, self-confidence, self-control, organization, attention to detail and independence, as well as the ability to cope with ambiguity, identify conflicts of interest, exercise due diligence, protect the public’s interest, adhere to the rules of professional conduct, and enhance the reputation of the department and OLG.
Ability to demonstrate strong leadership skills that encompasses the facilitation, direct, team building, and motivational processes that establish direction, build capabilities and implement continuous planned change with both the department and organization.
A comprehension of the component elements of an enterprise within an integrative framework that comprise the member’s specific business and its positioning with the competitive market place.
Ability to manage multiple, concurrent and complex tasks and projects to meet established deadlines. This includes the ability to acquire, allocate and utilize physical and human resources to accomplish established goals.
Ability to communicate effectively. This involves listening, understanding, speaking, and writing with clarity, the art of persuasion, and skill in communicating complex matters to all levels of the organization.
Ability to evaluate appropriate performance with respect to the organizations established strategy and targets, and recommend solutions that maximize probability of success for the achievement of organizational targets. Advises senior management through formal reports.
Innate analytical and problem solving skills and the capacity for innovative and integrative thought, as well as the ability to connect parts and wholes, identify and manage priorities and adopt a broad view.
Willingness to obtain and maintain a key registration with the AGCO.
INTERESTED APPLICANTS SHOULD APPLY ON-LINE, FAX OR FORWARD A COPY OF THEIR RESUME TO:
Ontario Lottery and Gaming
4120 Yonge St., Suite 420
Toronto, Ontario
M2P 2B8
Attention: Human Resources
OR FAX: (416) 224-7077