Job Family Group : Strategy & Change
Strategy & Change
The Managing Director, Information Technology (IT) Audit is responsible for assessing the management processes and systems of internal control within Technology (e.
g., US / Global Technology, IT applications, computer operations), Infrastructure, IT / Cyber Security, and IT Risk.
The incumbent will lead the core audit execution team in IT Audit including : directing the conduct of audit engagements that assess management and internal control processes critically, approving the nature, extent and timing of the audits, scope inclusion / exclusion decisions, as well as their execution.
The Managing Director will work with the directors in the preparation of audit reports to ensure they provide clear and concise insights on issues, design recommendations to assist management in fulfilling its strategic and operational responsibilities.
As a key leader in T&O Audit, the incumbent will represent the Chief Auditor (CA) of T&O and the group in meetings with regulators, external bodies, internal steering committees, and in other internal forums where T&O Audit opinion and decisions are necessary.
A. Proactively identify changing strategies, tactics, risks and initiatives continuously following the appropriate audit and investigative services with the appropriate focus.
Meet with key client is critical to the success of Corporate Audit is to ensure that the client group is satisfied that Audit is well aligned to their strategies, tactics and objectives and is proactive in providing meaningful insights to them.
Direct the execution of audits in full recognition of the risks of the client group which encompass the inherent risks, control risks and internal / external environmental and regulatory risks.
Ensure BMOs Technology (including US / Global Tech, IT Applications), Infrastructure, IT Security, and IT Risk organizations meet business, regulatory, functional and control requirements.
Provide input to and collaborate with colleagues on the annual audit plan which is aligned to client strategies and tactics and encompasses appropriate areas of focus based upon the business and operating risks of the unit.
A measure of success is that the Plan is supported by the Chief Auditor of T&O, and the Chief Auditor BMOFG and Audit Committee.
B. Providing fair and balanced insights into current, emerging and potential issues, trends and opportunities that will enhance efficiency and effectiveness of management and the enabling control processes.
Review audit reports to ensure they are insightful and provide a fair and balanced assessment of management and control processes based upon critical assessment of the effectiveness of management and internal control processes.
Such reports will be clear, concise and timely in their delivery. Ensure that reports are well written, support the work performed and provide an objective assessment of management / control processes.
Provide input to periodic summary reports of insights which relay information and learnings from audits and other Corporate Audit information sources, including market insights and research and regulatory learnings which will assist client groups in evaluating their strategies, tactics and risks and provide a basis to adjust where appropriate.
Critically evaluate client business strategies, policy and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes.
Provide timely and insightful inputs to the Chief Auditor of T&O in the preparation of Audit Committee reports (including state of current management activities, potential and emerging issues, and areas of potential focus) as well as strategic and tactical advice and support on interaction with regulators
Develop and maintain strong working relationships with T&O executives that will provide valuable information exchange opportunities that can enhance audit execution and alignment with their strategies / tactics.
Provide the Chief Auditor of T&O with strategic and tactical advice and support on interaction with regulators providing similar advice to client business.
Provide big picture insights based upon knowledge and research enhancing the Corporate Audits value proposition with senior leadership and business / Corporate Areas groups.
C. Drive positive change in the Enterprise based upon sound advice & counsel to BMO business leaders and ensuring high quality execution of work.
Maintain a high level of knowledge of the industry and of the client group, the regulators and broad economic environment availing the client of the knowledge in the development of their strategic and tactical plans and operations.
Ensure that all audits are conducted effectively, fairly and efficiently that meet the high standards set out by the Corporate Audit, outcomes of which are fairly stated confirmed through the Corporate Audits Quality Assurance Program and / or regulatory examination results.
Provide overall oversight and direction to the team in the execution of audits ensuring conduct is professional, consistent with professional standards, with integrity and objectivity
Ensure all appropriate approvals are obtained for audit and specialized reports prepared following the required audit / advisory work.
Develop and maintain strong working relationships with key clients Leaders / Managers ensuring open and effective lines of communication are maintained throughout the audit process.
D. Lead a workforce of professionals who : are knowledgeable about our business, possess specialized skills within the audit and technology field, understand the external market (peer Banks and regulators), and continue to drive efficiency and effectiveness of management and control processes.
Ensure the core audit execution team has high caliber talent in the hiring, development, and performance management of staff so auditors are knowledgeable, meet the Corporate Audit skills and experience requirements, and who will add to the overall capability of the Corporate Audit.
Provide direction, oversight, and coaching to direct reports
Direct staff in a manner consistent with the goals / objectives of the Corporate Audit and the enterprise, contributing to a strong and effective culture that drives employee engagement.
Build, maintain, and role model BMO principles, values, effective collaboration consistent with a strong audit function and high performing teams.
Share subject matter expertise, knowledge, critical & creative thinking in leadership forums within Corporate Audit, with staff, and client groups
Effectively manage conflict when it arises with clients and with colleagues and staff.
E. Continually advance the professional practice
Provide input into the strategic direction of the Corporate Audits practice including key elements of a strong audit practice, the strategic approach to audits for the assigned business / corporate group and strategy for functioning of the center of competency in which the role has responsibility.
Apply subject matter expertise (specific technical competencies) which is the central point of reference on a subject area for the Corporate Audit.
While performing this role you need to ensure that audit programs are developed thoroughly and aligned to the Corporate Audit mandate and be aware of emerging / potential issues related to the competency of the entire team.
Advance the Corporate Audits overall functioning by ensuring that practices and methodology application are maintained at a high quality level that is expected of a strong internal audit practice.
A highly credible source of knowledge, strategically, technically and managerial to support the Chief Auditor.
F. Leadership Support
Represent and speak on behalf of the Chief Auditor of T&O in meetings with regulators and external industry associations
Represent Audit in various committee meetings with the authority to commit T&O Audit to action and / or make decisions on behalf of the Chief Auditor of T&O
Constantly challenging the team to be better and be one step ahead of our stakeholders and peer IT auditors in the financial services industry.
An individual that is not afraid of change and willing to push boundaries with new ideas by seeking industry best practises
An individual with keen interest, enthusiasm and the ability to develop new relationships and maintain existing ones to help drive change.
An individual with the ability and fortitude to a hold a position under stress conditions and handle difficult discussions with stakeholders.
An individual that knows how to influence and motivate each team member, , both direct and indirect reports.
An individual that embraces new technology and looks for ways to make the audit process more efficient and effective
Knowledge and Skills
Undergraduate degree with 15+ years of Audit experience.
Masters of Business Administration or MS in Computer Science is a plus
Prior experience in auditing technology in a large, complex global financial services institution.
Prior experience in a Technology function is a strong asset.
Deep knowledge of the market & regulatory trends and best practices in internal control & risk assessment, and business of the assigned LOB.
Professional / business qualifications such as, CISA (Certified Information Systems Auditor) is required;
Strong interpersonal, relationship management and communication skills.
Expert planning and organizing skills with the ability to manage multiple priorities.
Expert leadership and managerial skills.
In-depth negotiation, influencing, conflict resolution skills.
Expert analytical and system thinking skills.
Strategic and tactical thinking capabilities.
We’re here to help
At BMO we are driven by a shared Purpose : Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people.
By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.We strive to help you make an impact from day one for yourself and our customers.
We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives.
Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.