[Hiring] Audit Quality & Compliance Specialist @Innovation Federal Credit Union

Role Description

The Audit Quality and Compliance Specialist is responsible for strengthening the quality, consistency, and compliance of Internal Audit activities. This role leads the Internal Audit Quality Assurance and Improvement Program (QAIP), conducts independent quality reviews, interprets regulatory requirements, and ensures audit methodologies and practices align with professional standards and regulatory expectations.

• Lead and continuously enhance the Internal Audit Quality Assurance and Improvement Program (QAIP).
• Perform independent quality reviews of audit files, working papers, reports, and communications to ensure compliance with audit standards and methodology.
• Research, interpret, and monitor legislation, regulations, and industry guidance impacting financial institutions, including OSFI requirements, consumer protection, privacy, AML/ATF, governance, and Treasury-related guidance.
• Translate regulatory and legislative requirements into practical audit criteria, testing approaches, risk assessments, and control expectations.
• Provide compliance, regulatory, and internal audit expertise to assurance and advisory engagements.
• Maintain and enhance Internal Audit policies, methodologies, procedures, and templates to ensure alignment with evolving standards and regulatory expectations.
• Deliver coaching, guidance, and constructive feedback to strengthen audit quality, documentation, and professional judgment.
• Leverage data analytics, audit technology, and workflow tools to improve audit quality, consistency, and efficiency.
• Identify emerging risks, compliance concerns, and opportunities for continuous improvement within the Internal Audit function.
• Collaborate with Internal Audit, Risk, Compliance, Legal, Finance, and operational stakeholders to support strong governance and integrated assurance.

Qualifications

• Bachelor’s degree in Business, Accounting, Finance, Law, Information Systems, or a related field.
• 5+ years of experience in Internal Audit, Finance & Treasury, Compliance, Risk Management, Financial Accounting, Regulatory Advisory, or a related field within financial services.
• Demonstrated expertise in researching and interpreting legislation, regulations, OSFI guidance, compliance requirements, and industry standards.
• Strong knowledge of regulatory frameworks applicable to financial institutions, including OSFI, privacy, consumer protection, AML/ATF, governance, and risk management.
• Strong understanding of internal audit principles, risk assessment, controls testing, compliance monitoring, and financial accounting practices.
• Professional designation or certification considered an asset (CIA, CRMA, CISA, CAMS, CPA, JD, or equivalent).
• Exceptional research, analytical, critical thinking, and written communication skills, with the ability to translate complex regulatory requirements into practical business guidance.
• Proficiency with Microsoft 365 applications, audit systems, data analytics tools, and digital solutions.

Benefits

• Full-time staff participate in a 7% employer-matched pension plan.
• Extended health benefits.
• Employee and family assistance program.
• Staff loan rate.
• Benefits start on Day 1 of employment, with no waiting period.