Manager/Senior Manager, Model Internal Audit - Financial Engineering & Modeling

Job Type : Permanent

Work Model : Hybrid

Reference code : 127575

Primary Location : Toronto, ON

All Available Locations : Toronto, ON

Our Purpose

At Deloitte, we are driven to inspire and help our people, organization, communities, and country to thrive. Our Purpose is to build a better future by accelerating and expanding access to knowledge.

Purpose defines who we are and gives us reason to exist as an organization.

By living our Purpose, we will make an impact that matters.

• Be encouraged to deepen your technical skills...whatever those may be.
• Partner with clients to solve their most complex problems
• Experience MyFlex and an agile work environment where work is what you do not where you do it

What will your typical day look like?

In this role you will help financial services industry (FSI) clients face quantitative issues with informed confidence. Using your deep technical skills and leveraging our global network of experts, you'll provide professional advice to our FSI clients in a wide range of situations.

The result? Our clients will be better placed to take control and receive the best solutions to their complex challenges.

You will conduct a comprehensive quantitative audit to identify risks, ensure compliance, and evaluate the effectiveness of a client's Model Risk Management Framework (MRMF).

This encompasses a thorough review of models, policies and procedures, risk reporting assessment and reporting practices.

The responsibilities of the incumbent include :

i) assessing the effectiveness of internal controls, risk management practices and governance processes,

ii) evaluating adherence to policy requirements,

iii) leading and managing internal audit teams to execute audit work, support and communicate audit issues, and assess management action plans,

iv) drafting audit reports, and reviewing detailed audit work papers that include a concise summary of key results and conclusions, identification of root causes of

significant weaknesses, the audit scope and objectives, and any recommendations along with the potential benefits.

Further, the incumbent is generally expected to be well-acquainted with the requirements of internal audit reports. These reports should discuss audit issues from the following perspectives : Established criteria, existing problems, root causes of any noted problem, existing or potential impact of these problem, and recommendations for corrective actions.

About the team

Deloitte's Risk, Regulatory & Forensics practice delivers highly specialized advisory solutions for companies facing critical business events where significant value is at stake, in every phase of the economic cycle.

Our work is often high profile, high impact, and highly rewarding. If you're looking for a challenge and an opportunity to grow your career alongside the best and brightest in the industry, you'll find it in Risk, Regulatory & Forensics at Deloitte.

Broaden your skills. Broaden your reach. Broaden your career. It's all possible at Deloitte.

Enough about us, let's talk about you

You are someone with :

• For the Manager position, a minimum 3 years of relevant experience working in the model risk management (development, validation, internal audit) team within a major financial institution.
• For the Senior Manager position, a minimum of 5 years of relevant experience working in the model risk management (development, validation, internal audit) team within a major financial institution.
• Strong understanding of auditing principles and techniques, particularly in quantitative auditing, and risk assessment including model risk management framework, and data analysis.
• Proven experience in leading and overseeing internal audit teams.
• Excellent project management experience.
• Demonstrated ability to (i) identify and assess risks and controls within assigned audit areas, (ii) provide guidance to teams in the creation and execution of their testing, (iii) review and finalize audit work papers, (iv) finalize audit issues, and (v) effectively communicate findings and conclusions to senior business management.
• Solid academic background with a graduate degree in a quantitative discipline such as a PhD or Master's degree in financial engineering, statistics, financial mathematics, econometrics, or a related postgraduate field.
• Strong verbal and written communication skills.
• Solid knowledge of capital markets, financial instruments, and regulatory requirements such as OSFI CAR and E-23 Guidelines, as well as SR11-7 or SR15-19 supervisory letters.
• Preferred : Professional audit and risk management designations(e.g.FRM, CFA, CIA, CISA) or other relevant certifications are beneficial.

Total Rewards

The salary ranges for these positions are between $95,000 - $159,000 (Manager) and $123,000 - $228,000 (Senior Manager), and individuals may be eligible to participate in our bonus program.

Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels.

Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver.

Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth.

Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization.

Some representative examples include : $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, 38+ days off (including 10 firm-wide closures known as "Deloitte Days"), flexible work arrangements and a hybrid work structure.

Our promise to our people : Deloitte is where potential comes to life.

Be yourself, and more.

We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance.

You shape how we make impact.

Diverse perspectives and life experiences make us better. Whoever you are and wherever you're from, we want you to feel like you belong here.

We provide flexible working options to support you and how you can contribute.

Be the leader you want to be

Some guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader.

Have as many careers as you want.

We are uniquely able to offer you new challenges and roles - and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors.

The next step is yours

At Deloitte, we are all about doing business inclusively - that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada.

This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to our AccessAbility Action Plan , Reconciliation Action Plan and the BlackNorth Initiative .

We encourage you to connect with us at [email protected] if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations) or indigenouscareers@deloitte.

ca for any questions relating to careers for Indigenous peoples at Deloitte (First Nations, Inuit, Métis).

By applying to this job you will be assessed against the Deloitte Global Talent Standards. We've designed these standards to provide our clients with a consistent and exceptional Deloitte experience globally.

Deloitte Canada has 30 offices with representation across most of the country. We acknowledge our offices reside on traditional, treaty and unceded territories as part of Turtle Island and is still home to many First Nations, Métis, and Inuit peoples. We are all Treaty people.

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