Investment Management Corporation of Ontario (IMCO)

Senior Manager, Internal Audit

Investment Management Corporation of Ontario (IMCO)  •  Toronto, CA (Hybrid)  •  6 hours ago
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Job Description

At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career.

Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario’s public sector funds and to build a high-performing, value-driven asset management firm.

This job posting is for an existing vacancy. If you are ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise.

If you’re looking to use your expertise to drive strategic outcomes, we’d love to hear from you.

The Senior Manager, Internal Audit is a leadership role responsible for planning, executing, and reporting on internal audit and advisory engagements across IMCO, providing independent, risk based assurance and advisory services that strengthen the organization’s risk management, internal controls, and governance. The role will also operate as a trusted advisor, supporting IMCO’s strategic objectives within an increasingly complex and evolving operating environment.

IMCO is developing and transitioning to a co sourced internal audit model, and this position plays a key role in the development, implementation, and execution of the internal audit co sourcing framework. The Senior Manager oversees audit engagements delivered through a combination of internal resources and external co sourced providers, ensuring quality, consistency, and value in alignment with IMCO’s Internal Audit Charter and professional standards.

Responsibilities

Internal Audit Co‑Sourcing Model

  • Play a critical role in the development, implementation, and execution of IMCO’s internal audit co‑sourcing framework.
  • Serve as engagement lead for co‑sourced providers, overseeing scope, resourcing, quality, deliverables, and ongoing performance.

Internal Audit Planning and Delivery

  • Lead the end‑to‑end execution of internal audit and advisory engagements, from planning through reporting and follow‑up.
  • Oversee risk assessments and develop audit objectives, scope, and plans that address key governance, risk, and control considerations.

Audit Supervision and Quality Assurance

  • Manage engagements to ensure audits are risk‑focused, well‑supported, and result in practical, value‑adding recommendations.
  • Manage audit engagements, budgets, and reporting to ensure delivery is timely, within budget, supported by complete working papers, and reports are appropriate for senior management and the FAC.

Stakeholder Management and Communication

  • Build and maintain effective relationships with audit clients, and external partners.
  • Communicate audit results clearly and lead close‑out discussions to support sustainable remediation actions.

Advisory and Enterprise Contributions

  • Provide independent advisory input on initiatives and change activities while maintaining audit independence.
  • Represent Internal Audit on enterprise initiatives and cross‑functional forums, monitoring relevant business and risk developments and influencing decision-making on risk, governance, and control considerations.

Continuous Improvement and Professional Leadership

  • Drive improvements to internal audit methodologies, tools, and practices, including insights from co‑sourced engagements.
  • Support audit quality, professional development, and perform related duties as assigned by the Head of Internal Audit.


What you need to succeed:

Education and Professional Designation

  • University degree in Accounting, Finance, Business Administration, or a related discipline.

  • Professional designation required (e.g., CPA, CIA, CISA, or equivalent).

Experience

  • Minimum 10 years of progressive experience in internal audit, risk management, accounting, or a related assurance role.

  • Demonstrated experience leading and supervising audit engagements, including planning, execution, and reporting.

  • Experience in financial services, asset management, pension management, or a similarly complex organization.

Knowledge, Skills, and Abilities

  • Strong understanding of risk management, internal controls, and governance frameworks.

  • Ability to exercise independent judgment and manage complex and sensitive issues.

  • Proven ability to lead, influence, and challenge constructively at senior levels.

  • Excellent written and verbal communication skills, with the ability to translate complex issues into clear, actionable insights.

  • Strong project management and organizational skills, with the ability to manage multiple priorities and deadlines.

  • High level of integrity, professionalism, and commitment to internal audit standards.

Preferred Qualifications

  • Experience working within or supporting a co‑sourced or outsourced internal audit model, including oversight of third‑party audit providers.

  • Experience auditing or advising on investment, risk, operations, technology, data, or enterprise transformation initiatives.

  • Familiarity with IIA Standards, COSO frameworks, and leading internal audit practices.

We thank all applicants for their interest. Only those selected for an interview will be contacted.

Our hybrid work model prioritizes an office-first approach, encouraging employees to make the most of our collaborative workspace at 16 York Street, Suite 2400, Toronto, ON M5J 0E6. This welcoming environment fosters teamwork, connection, and professional growth. While flexibility remains a key component of our model, we believe that regular in-office engagement enhances productivity and strengthens our culture. Our approach supports a fulfilling lifestyle that balances professional ambition with personal wellbeing.

IMCO is committed to providing accommodation for people with disabilities throughout the recruitment process. If you require support, please let us know and we will work with you to meet your needs. Artificial intelligence (AI) tools may be used to support parts of our recruitment process, such as screening and assessments. However, all hiring decisions are made by our recruitment team. Candidates being considered for this position will be required to undergo background screening.

Investment Management Corporation of Ontario (IMCO)

About Investment Management Corporation of Ontario (IMCO)

The Investment Management Corporation of Ontario (IMCO) manages $86 billion of assets on behalf of its clients. IMCO’s mandate is to provide broader public sector institutions with investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. IMCO is an independent organization, operating at arm’s length from government and guided by a highly experienced and professional Board of Directors.

Industry
Finance & Insurance
Company Size
501-1,000 employees
Headquarters
Toronto, CA
Year Founded
2016
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