Director, Internal Audit



THE ORGANIZATION TSSA is governed by a 13-member Board of Directors responsible for stewardship including oversight of the organization, leadership in the development of the organization’s strategic direction, and governance best practices. TSSA’s corporate values encompass: Safety Be safety conscious at all times. Leadership Be the best in actions and words. Integrity Be honest and ethical. Respect Build trust and earn respect. Accountability Be responsible for all actions and deliver on all commitments. Communication Be an effective and efficient communicator, and an active listener. Collaboration Work together, respect individuals and celebrate success. THE OPPORTUNITY The Director, Internal Audit is accountable for assisting the Board of Directors (via the Audit, Finance and Risk Committee (“AFRC”)) and the Executive Leadership Team (“ELT”) in fulfilling their responsibilities for internal control by providing independent, objective assurance, and advisory support where appropriate, using a systematic, disciplined approach to evaluate and improve the effectiveness of TSSA’s governance, risk management, internal control and operations. TSSA is undergoing a transformation, that will see it implement an outcome-based regulatory approach for effectively identifying risk, increasing compliance and promoting safety. The new approach will be built on: enhanced data collection and data evidence-based decision-making; and an uncompromising focus on harm reduction. As part of that transformation, leaders will execute towards achieving the vision by: Contributing to a culture of accountability in their role and to the organization; Each leader is expected to play a key role in change management, helping the organization evolve; Building the team; attracting great talent to help evolve the organization. KEY RESPONSIBILITIES AND ACCOUNTABILITIES Work collaboratively with external co-source partners to leverage risk assessments to coordinate overall audit activities, plan and execute the audit program, document audit findings, come to alignment with the ELT on the findings and obtain the ELT’s responses; Periodically report to the ELT and the AFRC on internal audit’s performance relative to its plan. Reporting will also include any identified significant risk exposures and control issues, including fraud risks, governance issues, and other matters needed or requested by the ELT and the AFRC; Identify root causes for any issues identified in addition to any recommendations; Working in collaboration with the ELT and Enterprise Risk Management (ERM), lead the successful implementation and ongoing management of the Internal Audit Function Charter; Oversee and examines operations, internal control structures/systems and financial processes, including financial controls that lead to reliability, adequacy, accuracy, efficiency and compliance with all applicable regulations; Lead and contribute to the development of a risk based annual audit plan that addresses key risks and internal controls from across the business; Execution of all audit projects, including coordination with any external co-source partners, consistent with the audit plan; Ensure an appropriate balance of compliance and value-for-money audits which facilitate management’s overall economy, efficiency and effectiveness of processes and associated activity; Perform consulting services as requested, beyond assurance services, to assist the ELT in meeting its objectives. Examples may include facilitation, process design, operational reviews, training, and advisory services; Evaluate and provide assurance on ERM processes; Provide ERM consulting services where appropriate (may include facilitating the identification and evaluation of risks and co-ordinating ERM related activities); Present internal audit reports to the AFRC, the ELT and/or process owners demonstrating a high- level of professionalism, respect and objectivity, with appropriate empathy as dictated by the findings; Establish timely follow-up of outstanding audit findings and oversees and/or conducts post-audit assessments as required by Policy; Develop, train and motivate internal audit staff and/or other TSSA employees to carry-out audit activities and develop TSSA’s culture to embrace the benefits of a strong internal control framework; Ensure that Internal Audit performs its duties in a manner that is consistent with the guidance issued by the Institute of Internal Auditors, including the Definition of Internal Auditing, the Code of Ethics, the International Standards for the Professional Practice of Internal Auditing, and TSSA’s Code of Conduct; and, Maintain current knowledge of developments related to business matters of interest to internal audit, particularly reputational risk, legislation changes and developments as they affect not-for- profits, and new auditing techniques and practices. THE CANDIDATE The ideal candidate will possess the following knowledge, experience, skills and attributes: A university degree in business, accounting, or equivalent; A recognized professional accreditation, including one or more of: CPA, CIA or CISA; and, Minimum of 5 years demonstrated and relevant internal audit experience at a senior leadership level within complex environments, including experience in planning, leading and executing internal audits. Knowledge of audit procedures, including planning, techniques, test and sampling methods involved in conducting audits; Strong knowledge of technology and those IT related controls that impact accounting and auditing record keeping systems; Skills in gathering, analyzing and evaluating facts and preparing and presenting professional, concise oral and written reports; Advanced financial knowledge/concepts; Skills in data mining/ data analytics and data analysis software (e.g. ACL, IDEA) are an asset; Knowledge of financial, regulatory and operational systems within the international community (e.g. Accounting Standards); Strong interpersonal and influencing skills and exceptional judgment and integrity; Uncompromising integrity and commitment to upholding corporate values, the TSSA Code of Business Conduct and IIA Standards; Outcome-oriented focus; Ability to work in a multi-faceted, complex environment and effectively manage several priorities simultaneously; Ability to establish and retain effective working relationships and to communicate clearly and effectively, both orally and in writing; and, Commitment to Health and Safety in the public and amongst TSSA staff. CONTACT INFORMATION Should you have any questions regarding this exciting and challenging opportunity, please contact: Tim Hewat, Partner 416-640-4323 Lindsay Millard, Senior Consultant 416-928-4873
Technical Standards & Safety Authority (TSSA)