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Vice President, Internal Audit

Date: Oct 7, 2021

Location: Winnipeg, MB, CA, R3C-3P1

Company: Wawanesa Insurance

 

Wawanesa Mutual Insurance is one of the largest property and casualty insurers in Canada with $3 billion in annual revenues and assets of more than $9 billion. Wawanesa Mutual, founded in 1896 with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon, and Wawanesa Life, which distributes life insurance products and services throughout Canada. With over 3,500 employees, Wawanesa proudly serves over two million policyholders in Canada and the United States. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy.

 
We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

 

Job Overview

The Vice President, Internal Audit serves as the Chief Internal Audit Executive for Wawanesa Mutual, Wawanesa General (US), Wawanesa Life and Western Financial Group. This role is responsible for leading the planning, execution and reporting of all operational, financial, information technology and regulatory compliance audits and consulting engagements in support of the organization's strategic goals and initiatives.
 

JOB RESPONSIBILITIES

  • Set the strategic direction for the Internal Audit function.  Focus on delivering value to Wawanesa’s various stakeholders by adopting innovative audit techniques and ensuring the department’s skillset keeps pace with the organization’s changing risk profile.
  • In coordination with senior leaders of other oversight functions, oversee the execution of the organization's annual risk assessment process, and development and execution of an annual audit plan that aligns with the organization's annual risk assessment process, and development and execution of an annual audit plan that aligns with the organization's strategic plan and risk profile, subject to approval by the Audit Committee and the Board of Directors. 
  • Build department talent by attracting, developing and retaining audit professionals with sufficient knowledge, skills and experience to fulfill the requirements of the Board approved Audit Function Mandate.
  • Maintain strong working relationships with Senior Management as well as regular contact with the President & Chief Executive Officer and Audit Committee members to ensure that the Internal Audit function meets the needs of its key stakeholders, including regulatory expectations.   
  • Ensure the Internal Audit function's work is performed independently, without bias, with due diligence and timeliness, and with adequate support for findings and recommendations in well-written reports. 
  • Provide quarterly updates to the Audit Committee members regarding progress made towards the completion of the Annual Audit Plan, status of internal control recommendations, and sufficiency of audit resources, and respond to Senior Management and Director question or request for additional information as needed. 
  • Meets privately with Audit Committee members during the in-camera portion of the meetings.  Keeps the Committee informed of the Department’s progress on internal projects, team development and emerging trends in audit practices. 
  • Provide consulting and advisory services in governance, risk management and controls to assist management in meeting its objectives.
  • Coordinate audit and evaluation activities and deployment of resources with senior leaders of other oversight functions to ensure appropriate coverage and minimize duplication of effort. 
  • Represent the Internal Audit function on behalf of the organization with Federal, State and Provincial regulators.
  • Coordinate audit planning and scheduling of activities with the Company’s external auditors.
  • Conduct special reviews requested by Senior Management and CEO and/or Audit Committee, as required.
  • Perform other duties as assigned.

Qualifications

  • Ten years of internal audit experience with three years in a leadership role
  • Certified CIA, CFE and/or CISA designation required
  • Certified CA, CGA, CMA or CPA designation preferred
  • Able to travel a maximum of 8 to 10 weeks throughout the year to locations within Canada and the United States
  • Strong commitment to continuous personal development and development of team members
  • Excellent leadership skills with the ability to influence and gain respect, credibility and confidence from others
  • Excellent organizational skills and time management skills, including the ability to manage and execute multiple complex projects within required timelines and expectations
  • Ability to make excellent and well justified decisions in complex and high-pressured situations
  • Strong negotiation skills by presenting information or arguments in a convincing manner and by focusing on what is important
  • Strong business acumen with excellent analytical and problem-solving skills with the ability to recognize and identify critical issues
  • Strong MS Office skills and experience with an electronic audit working paper system
  • Positive and confident individual who communicates in a persuasive and eloquent manner (both written and verbal)
  • Ability to work both independently and in a team-based environment with a high level of initiative
  • Previous experience in working in insurance or financial institutions is preferred
  • Insurance designation (CIP, FLMI) would be considered an asset
    #LI-REMOTE  #LI-WAWA   IND1

 

Wawanesa provides its employees with a respectful, challenging and rewarding environment where they can maximize their potential while contributing to the company’s goals. Our full-time permanent employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, annual bonus plan, premium free benefits and a pension plan). Wawanesa provides a stable environment for its employees in today’s challenging markets. We’re also proud to give our employees in Canada the flexibility to choose how and where they want to work. Options in most roles include work from the office, from home, or a hybrid mix of time spent at both.
 

Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual’s protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Accommodations are available upon request throughout all aspects of the selection process. Candidates requiring accommodations may contact, in confidence, jobs@wawanesa.com.


If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.