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Internal Audit Associate Jobs in Toronto, ON (NOW HIRING)

Signal 1

Finance Associate

Toronto, ON · Hybrid

$41.50 - $42/hr

Audit& TaxLiaison:Act as the company's sole internal liaison responsible for managing all communications, inquiries, and documentation flow with external financial auditors and tax advisors ...

Willis Towers Watson (WTW)

Lead Associate

Toronto, ON · On-site +1

CA$65K - CA$85K/yr

Collaborate with the internal team to request and process endorsements and audits. * Collaborate with Associates and other appropriate resources to draft fee agreement(s) as applicable. * Collaborate ...

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Internal Audit Associate information

See Toronto, ON salary details

$30.5K

$61.9K

$98.8K

How much do internal audit associate jobs pay per year?

As of Sep 5, 2026, the average yearly pay for internal audit associate in Toronto, ON is $61,860.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,671.00 and $71,098.00 per year, depending on experience, location, and employer.

What is an internal audit associate?

Internal Audit Associates are professionals responsible for evaluating and improving the effectiveness of an organization's internal controls, risk management, and governance processes. They assist in conducting audits of financial and operational processes to ensure compliance with laws, regulations, and internal policies. Internal Audit Associates work closely with various departments to identify areas of improvement and help mitigate potential risks. This role often serves as an entry point for a career in auditing or risk management within a company.

What are the key skills and qualifications needed to thrive as an internal audit associate?

To thrive as an Internal Audit Associate, you need a solid understanding of accounting principles, risk assessment, and internal controls, typically supported by a degree in accounting, finance, or a related field. Familiarity with audit management software, data analytics tools, and professional certifications such as CIA or CPA is often expected. Strong analytical thinking, attention to detail, and effective communication skills help you collaborate with teams and present findings clearly. These competencies are crucial for identifying risks, ensuring compliance, and adding value to organizational processes.

What are some typical challenges internal audit associates face when working with cross-functional teams?

Internal Audit Associates often collaborate with departments like finance, operations, and IT to evaluate processes and controls. A common challenge is navigating varying levels of understanding regarding audit objectives and compliance requirements among different teams. Building rapport and communicating clearly are essential skills, as Associates must often explain audit findings and recommendations in a way that is accessible and actionable. Additionally, balancing independence with teamwork is important to maintain objectivity while fostering cooperation.

What is the difference between Internal Audit Associate vs External Auditor?

AspectInternal Audit AssociateExternal Auditor
CertificationsCPA, CIA often preferredCPA required, CIA beneficial
Work EnvironmentWithin the organization, ongoing auditsClient sites, external firms, periodic audits
Employer & Industry UsageUsed mainly in corporations and large organizationsUsed by accounting firms and consulting agencies
Primary FocusAssess internal controls, compliance, risk managementVerify financial statements, compliance with regulations

Internal Audit Associates focus on evaluating internal controls and risk within their organization, working continuously to improve processes. External Auditors conduct independent reviews of financial statements for external stakeholders, often working with multiple clients. While both roles require similar certifications and work in related environments, their primary objectives and employer settings differ significantly.

Is an internal audit associate a stressful job?

An internal audit associate's job can be stressful during busy periods such as audit deadlines or financial reporting seasons, as it involves detailed analysis, compliance checks, and tight schedules. However, the level of stress varies depending on the workload, company culture, and individual skills in time management and problem-solving.

What are the most commonly searched types of Internal Audit jobs in Toronto, ON?

The most popular types of Internal Audit jobs in Toronto, ON are:

What are popular job titles related to Internal Audit Associate jobs in Toronto, ON?

For Internal Audit Associate jobs in Toronto, ON, the most frequently searched job titles are:

What job categories do people searching Internal Audit Associate jobs in Toronto, ON look for?

The top searched job categories for Internal Audit Associate jobs in Toronto, ON are:

What cities near Toronto, ON are hiring for Internal Audit Associate jobs?

Cities near Toronto, ON with the most Internal Audit Associate job openings:

Internal Audit Associate jobs near you
Infographic showing various Internal Audit Associate job openings in Toronto, ON as of August 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 86% Physical, 6% Hybrid, and 8% Remote job distribution, with an average salary of $61,860 per year, or $29.7 per hour.

Associate Director, OTC Derivatives Confirmations

BMO Capital Markets

Toronto, ON • On-site

CA$86K - CA$160K/yr

Full-time

Medical, Life, Retirement

Re-posted 19 days ago

Job description

Application Deadline:

09/25/2026

Address:

100 King Street West

Job Family Group:

Customer Shared Services

Job Purpose

The Associate Director is a senior member of Capital Markets Operations, accountable for the strategic oversight and governance of the trade confirmations and affirmations function across Metals, Commodities, Energy, and Emissions.
The role provides operational leadership for confirmation integrity, timeliness, and control effectiveness, ensuring that all trading activity is accurately agreed with counterparties, operational risk is minimized, and regulatory standards are consistently met.

Key Accountabilities

Confirmations & Affirmations Oversight

  • Own the endtoend confirmations and affirmations framework for trading activity across Metals, Commodities, Energy, and Emissions.
  • Set standards for confirmation issuance, matching, and affirmation quality across bilateral and electronic workflows.
  • Provide senior oversight of confirmation timeliness, aged items, and material discrepancies.
  • Act as the primary escalation point for highrisk or complex confirmation issues, driving resolution with Trading, Legal, and counterparties.

Risk, Controls & Regulatory Alignment

  • Maintain strong governance over confirmationrelated operational risk, regulatory compliance, and audit readiness.
  • Ensure effective monitoring of key risk indicators, exception trends, and control performance.
  • Partner with Risk and Compliance to address emerging risks, regulatory changes, and remediation actions.
  • Lead engagement with internal audit, regulatory reviews, and control testing activities relevant to the confirmations lifecycle.

Stakeholder Leadership & Business Partnership

  • Serve as a senior operations partner to Trading, Risk, Legal, Credit, Technology, and Settlements.
  • Provide subjectmatter expertise on confirmations processes for new products, structures, and counterparties.
  • Represent Operations in business initiatives requiring confirmation model changes or enhancements.
  • Maintain strong external counterparty relationships to support timely resolution of confirmation matters.

Strategy, Process & Team Leadership

  • Drive the strategic direction, standardization, and automation of confirmations processes across asset classes.
  • Sponsor and support technology initiatives aimed at improving straightthrough processing and risk reduction.
  • Oversee procedure documentation, knowledge transfer, and operational resilience planning.
  • Provide leadership, coaching, and escalation support to the confirmations team, fostering a strong ownership and riskaware culture.

Required Experience & Capabilities

  • Extensive experience in Markets Operations, with deep expertise in trade confirmations and affirmations across commodities, metals, energy, or emissions.
  • Strong understanding of the trade lifecycle and the critical role of confirmations in mitigating operational and counterparty risk.
  • Demonstrated ability to lead complex workflows, manage risk, and influence senior stakeholders.
  • Proven judgment, decisiveness, and accountability in highpressure, timesensitive environments.
  • Clear, confident communicator with strong written and verbal skills.

Preferred Qualifications

  • Crossasset product knowledge spanning Metals, Commodities, Energy, and/or Emissions.
  • Experience with electronic confirmation and matching platforms.
  • Prior leadership in audit, regulatory engagement, or largescale process change initiatives.

Salary:

$86,000.00 - $160,000.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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