Director, Internal Audit

Toronto Hydro is seeking a highly accomplished strategic leader to serve as Director Internal Audit. As the organizations head of Internal Audit the role is accountable for the functions overall mandate performance and ongoing conformance with the Global Internal Audit Standards. It offers a unique opportunity to further develop a modern internal audit function and deliver meaningful impact at both the executive and Board levels within a complex regulated utility environment.

Reporting functionally to the Audit Committee of the Board and administratively to the EVP & Chief Financial Officer the Director Internal Audit provides independent objective assurance and insight on governance risk management and internal controls with direct access to the Audit Committee and regular engagement with its members.

You will lead a high-performing function that delivers risk-based assurance forward-looking insights and practical advisory perspectives while maintaining strict independence and objectivity. Operating at the center of organizational governance you will contribute to enterprise risk perspectives strengthening oversight and supporting informed decision-making across Toronto Hydro.

This is a compelling opportunity to continue evolving the Internal Audit function with a focus on strengthening risk-based assurance enhancing insight through data analytics and improving overall effectiveness.

This posting is for an existing vacancy.

KEY RESPONSIBILITIES:

• Develop and execute a risk-based internal audit strategy and annual plan aligned with enterprise priorities and approved by the Audit Committee.
• Provide independent objective assurance on governance risk management and internal controls across financial operational and IT domains including fraud risk.
• Deliver clear concise insightful reporting to Executive Leadership and the Audit Committee highlighting systemic themes emerging risks and overall control effectiveness.
• Act as a trusted advisor to senior leadership providing perspectives on key business initiatives transformation programs and emerging risks while maintaining independence.
• Contribute to enterprise-wide risk discussions offering insights that inform strategy resilience and long-term performance.
• Oversee the execution of internal audits across all phases (planning risk assessment fieldwork reporting and follow-up) ensuring quality consistency and impact.
• Monitor and report on the status of managements remediation efforts ensuring timely and sustainable resolution of audit findings.
• Maintain and periodically review the Internal Audit Charter ensuring continued clarity of mandate authority and independence with Audit Committee approval.
• Implement and oversee a Quality Assurance and Improvement Program (QAIP) including ongoing monitoring and periodic external assessments.
• Oversee the Internal Controls over Financial Reporting (ICFR) program including design oversight testing strategy and reporting ensuring alignment with regulatory requirements and integration with the broader internal audit and assurance framework.
• Provide independent assurance over ESG and other non-financial reporting processes including data governance controls and alignment with evolving regulatory and disclosure requirements.
• Advance the function through data analytics automation and continuous auditing techniques improving insight generation and efficiency.
• Coordinate with other assurance providers (e.g. Enterprise Risk Management Compliance External Audit) to deliver integrated assurance and minimize duplication.
• Build and lead a high-performing Internal Audit team fostering a culture of accountability continuous improvement and professional development.
• Strengthen relationships with Executive Leadership the Audit Committee and external auditors to promote transparency alignment and trust.
• Ensure and demonstrate ongoing conformance with the Global Internal Audit Standards and the Institute of Internal Auditors Code of Ethics including maintaining appropriate methodologies governance practices and documentation and supporting periodic internal and external quality assessments.

REQUIREMENTS:

• Undergraduate degree in Business Finance or a related field; graduate degree considered an asset
• Chartered Professional Accountant (CPA) designation (required); Certified Internal Auditor (CIA) strongly preferred; CISA or other relevant certifications considered an asset
• Minimum 10 years of progressive internal audit experience across financial operational and IT domains
• Minimum 5 years in a senior leadership role with experience leading audit functions and complex portfolios
• Demonstrated experience engaging with Audit Committees and/or Boards including presenting at the executive and Board level
• Experience operating in regulated infrastructure or capital-intensive environments strongly preferred
• Proven ability to develop and execute audit strategies aligned with enterprise risk and business priorities
• Deep knowledge of internal audit frameworks and control environments (e.g. COSO COBIT) and the Global Internal Audit Standards
• Experience establishing or leading a QAIP including external assessments
• Strong understanding of ICFR and enterprise governance frameworks
• Knowledge of IT systems cybersecurity and data analytics within an audit context
• Exceptional stakeholder management skills with the ability to influence at the executive and Board level
• Excellent written and verbal communication skills with a track record of delivering clear impactful executive reporting
• Strong analytical problem-solving and judgment capabilities
• Demonstrated commitment to integrity objectivity and professional ethics

TOTAL REWARDS

To support the overall well-being and success of our employees Toronto Hydro provides a comprehensive total rewards package which includes:

• 100% employer paid Health & Dental benefits
• 24/7 access to Employee & Family Assistance Program and Virtual Healthcare
• Company-paid life insurance and long term disability
• Spending account to support fitness goals (e.g. gym memberships)
• Competitive paid time off (including vacation and parental leave)
• Defined Benefits Pension Plan through OMERS
• Career development and tuition reimbursement
• Exciting employee engagement and appreciation events throughout the year

This position is based in a hybrid environment allowing for remote work two days per week based on business needs. Employees will be required to come onsite Tuesday to Thursday. You are expected to live in Ontario and within reasonable commuting distance of the office.

Toronto Hydro is committed to leveraging new technologies to support an efficient and inclusive recruitment process. As part of this artificial intelligence (AI) systems may be used to assist in screening assessing or selecting applicants for this position. These tools are used in combination with human decision-making to ensure fairness and consistency.

ACCESSIBILITY AND APPLICATION SUPPORT

Toronto Hydro is committed to fostering an inclusive and accessible recruitment process. Thank you for considering a career with Toronto Hydro. We welcome applications from all qualified candidates. If youre having difficulty using our online application system and require accommodation please email or call . Toronto Hydro is pleased to provide reasonable accommodation for qualified individuals throughout the job application process. Please note this email is for accommodation requests only. Resumes sent to this email address will not be considered. Learn more about our commitment to accessibility.