Senior Internal Controls Analyst

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About the Workplace Safety and Insurance Board (WSIB)
We’re here to help. When an injury or illness happens on the job, we move quickly to provide wage-loss benefits, medical coverage and support to help people get back to work. Funded by businesses, we also provide no-fault collective liability insurance and access to industry-specific health and safety information. We are one of the largest insurance organizations in North America covering over five million people in more than 300,000 workplaces across Ontario. For more information, visit wsib.ca.
At the WSIB, you’ll have the opportunity to:

• explore many career paths and follow your passion
• continuously learn and grow professionally
• be recognized for the great work you do
• participate in programs that support your health and wellbeing

You’ll also receive a competitive salary, along with a comprehensive benefit package and defined benefit pension plan.

Summary:
Support the annual Internal Control over Financial Reporting (ICFR) certification process through the preparation and maintenance of ICFR documentation packages, plan and perform walkthroughs, plan and execute annual test plans and identify internal control gaps and process improvement opportunities. Maintain relationships with various stakeholders across the organization. Provide assistance and guidance to junior staff.
Major Responsibilities:

• Complete all components of the ICFR documentation package of more complex and higher risk processes. This includes identifying and documenting key controls in a Narrative, Flowchart and Risk & Controls Matrix for: (i) Entity level controls; (ii) Disclosure controls; (iii) Business process controls; and (iv) IT general controls. This includes the following components:

• Narrative: Working with various business owners throughout the organization to understand, identify and document key controls for a particular business process
• Flowchart: Accurately depicting the business process, clearly identifying what role/business area is responsible for each activity and what systems are involved
• Risk and Control Matrix: For each control identified, documenting:

• The specific process the control pertains to
• The risk each control is mitigating
• The control attributes (i.e. importance of control, nature of control, information processing objectives, financial statement assertions, etc.)

• Plan and perform walkthrough of key controls, which includes:

• Planning walkthroughs to be conducted by ICFR staff
• Coordinating with business process owners to walkthrough key controls
• Obtaining evidence of samples used during walkthroughs
• Maintaining confidentiality of sensitive evidence obtained
• Thoroughly documenting walkthrough findings with reference to specific samples used
• Consolidate any process gaps identified as part of the walkthrough
• Updating narratives as required based on walkthrough findings
• Reporting findings and gaps to ICFR management

• Identify internal control gaps and process improvement opportunities, which includes:

• Documenting control gaps and process improvement opportunities, identified through control documentation, walkthroughs and testing, with particular attention to new/changing processes, more complex/risky processes, projects/initiatives, and processes with a direct impact to Financial Reporting
• Collaborating with process stakeholders during development of new processes to understand the theoretical process and identify controls for implementation prior to go live
• Evaluating the significance of deficiencies noted
• Suggesting remediation activities for deficiencies identified; recommendations may include impacts to scope and duties of work performed by staff and management throughout the organization

• Provide assistance and guidance to junior staff and peers through:

• Providing guidance to ensure consistent application of ICFR methodologies
• Reviewing deliverables assigned to junior/peer staff and providing feedback
• Assisting the Manager, ICFR with onboarding of new staff

• Identify program improvements, including:

• Identifying potential improvement opportunities to the ICFR program, methodology, tools and templates
• Presenting recommendations to the ICFR management team
• Implementing recommendations as approved by ICFR management

• Develop and maintain positive relationships with process owners spanning across the organization

Job Requirements:

• Post-secondary degree, in accountancy/business or related field
• CPA, CIA, CISA or other relevant professional designation is preferred
• 5 years of experience in financial accounting, auditing or related governance function
• Working knowledge of COSO
• Experience with developing process documentation, analysis and testing.
• Demonstrated knowledge and experience with Microsoft Office, Excel, Teams and Visio.
• Strong communication and relationship-building skills
• Strong critical thinking and analysis skills

Our commitment to equity, diversity and inclusion
We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated.
The WSIB is committed to being accessible and inclusive, and following barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require accommodation through any stage of the recruitment process, please let us know when we contact you and we will work with you to meet your needs.
Disclosing conflicts of interest
As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. A conflict of interest is any situation where your private interests may impair or be perceived to impair the decisions you make in your official capacity. This may include: political activity, directorship, other outside employment and certain personal relationships (e.g. with current WSIB employees, customers and/or stakeholders). If you have any questions about conflict of interest obligations and/or how to make a disclosure, please contact the Talent Acquisition Centre at talentacquisitioncentre@wsib.on.ca.
Privacy information

We collect personal information from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1997. The Talent Acquisition Centre and WSIB hiring parties will used this information to assess/validate your qualifications, determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. If you have questions or concerns regarding the collection and use of your personal information, please contact the WSIB’s Privacy Office at privacy_office@wsib.on.ca. The Privacy Office cannot provide information about the status of your application.
As a precondition of employment, the WSIB requires that prospective candidates undergo a criminal records name check any time before or after they are hired.
To apply for this position, please submit your application by the closing date.

Job Type: Full-time