Manager, Internal Audit – RFA Bank of Canada
Date: October 22, 2025
Location: Toronto, ON
Company: RFA Bank of Canada
Job Type: Permanent
About RFA
Founded in 1996, RFA (Realty Financial Advisors) is a leading Canadian-owned real estate firm. Through RFA Bank of Canada and RFA Mortgage Corporation, RFA offers mortgage brokers a complete range of Prime and Alternative mortgage solutions.
RFA Bank of Canada, a division of RFA (Realty Financial Advisors), is a federally regulated Schedule I Bank. Our goal is to be a long-term leader in the residential lending market by offering more than just competitive rates and compensation. At RFA Bank of Canada, we focus on delivering a unique value proposition in the Alternative mortgage space, committed to innovation and exceptional service to meet a diverse range of borrower needs.
The Opportunity
We’re looking to fill a Manager, Internal Audit position at RFA Bank of Canada!
The Manager, Internal Audit is accountable for a variety of end-to-end audit projects, either independently or as part of a larger team. The role requires maintenance of in-depth audit and business knowledge to act as a leader in promoting a continuous improvement and alignment of RFA Bank’s processes with regulatory expectations, and industry best practices and standards.
Core Responsibilities
As the Manager, Internal Audit, you will:
Audit Project Planning, Execution, and Reporting:
Execute and/or support the planning, execution, and reporting of assigned audits.
Develop risk control matrices to summarize and assess key risks, control objectives, control activities and related test procedures.
Conduct and document end-to-end walkthroughs to assess the design effectiveness of key control activities and alignment with internal and external requirements.
Design and perform tests to assess operating effectiveness of control activities.
Prepare working paper documentation and complete audit engagements in accordance with the IA standards.
Identify, assess, and document the root causes of any identified control weaknesses.
Document clear, concise, and objective audit findings, including recommendations that add value to the businesses.
Assist in the preparation of internal audit reports.
Follow up and validate actions taken by management to remediate audit and regulator findings to ensure that they are effectively designed and appropriately implemented.
Develop and maintain effective working relationships with IA team members, auditees, finding owners, management and other stakeholders.
Other duties as assigned.
Training:
Achieve a minimum of 50 hours of relevant and approved training required annually in areas such as Compliance, Risk Management, Governance, Auditing and Interpersonal Skills.
Maintain awareness of emerging issues in the regulatory and external environments to support internal audit advice and insight to management.
Maintain and share current and acquired knowledge of audit standards, tools and techniques.
Assist in team development and continuous improvement activities.
Ensure completion of all company-wide regulatory, compliance and risk management training.
Special Projects:
Support the CIA as requested in special review projects and ad-hoc requests from the Board (e.g. investigations, advisory reviews, data analytics).
What You’ll Need to Succeed
University degree in business, accounting or economics.
Accounting designation preferred (i.e. CMA, CA, CGA).
Certified Internal Auditor and CISA designations considered an asset.
6+ years of experience within an OSFI regulated financial institution.
Knowledge of the regulatory environment and expectations within the Canadian financial services industry (i.e. OSFI, FINTRAC, FCAC).
Strong preference given to individuals with internal audit experience.
Proven track record of adding value to an organization through involvement in proactive implementation of effective controls, governance and risk management practices.
Experience with mortgage products / operations / compliance / risk management an asset.
What Sets You Apart
Proactive, solutions-focused and takes initiative ensuring self and others work effectively within established guidelines.
Excellent organizational, time management, critical/strategic thinking, attention to detail, and analytical skills (e.g. root cause analysis).
Excellent risk-based auditing and/or testing skills.
Well-developed negotiation, influencing and conflict management skills.
Effective interpersonal relationship building and listening skills.
Excellent written and verbal communication skills and professional maturity to deal with individuals at various levels.
Proven ability to work independently and lead audits typically involving several business processes within a business function.
Able to multi-task and flourish in a fast paced, deadline-driven work environment.
Sound knowledge of risk assessment and control processes, and techniques.
Our Values and What We Offer at RFA
At RFA, we live by our core values. These values guide our daily actions and shape our work culture:
Accountability: You take ownership of your work & its consequences. You always consider risk & make informed decisions.
Selflessness: You share info & teach others. You’re able to put your ego aside & understand that the best idea wins.
Inclusivity: You value differing viewpoints & experiences. You understand how this can drive growth & innovation.
Innovation: You seek opportunity & embrace change. You see tech as a way to enhance productivity & drive profitability.
Courage: You make tough decisions in our best interest. You see opportunity when faced with challenge or adversity.
Impact: You value results & your contributions. You rise to the occasion and never settle for sub-par.
Performance: You embody a competitive spirit, desire to win and strive for executional excellence.
Along with a strong work culture, RFA offers a comprehensive benefits package, including:
Health & Dental Care
Vision Care
RRSP Match
Health & Wellness Spend
Vacation & Personal Days
Hybrid working environment
Ready to take the next step?
If this opportunity excites you and aligns with your skills and aspirations, we’d love to hear about how you can contribute to our team at RFA.
Accessibility
Accommodation is available upon request for applicants and employees with disabilities. If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure you have access to a fair and equitable process. Any information received relating to accommodation will be addressed confidentially.
