Internal Auditor

Click here to subscribe to news.

Location: London, ON

VersaBank is an entrepreneurial, rapidly expanding, Schedule 1 Chartered Bank with over $2.4 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that raises deposits through a network of brokers located across Canada and invests these deposits in loans, leases, commercial mortgages, residential development mortgages, and debt of corporations.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Its Series 1 Preferred Shares trade on the TSX under the symbol VBNK.PR.A.

Our head office is located in London, Ontario but we operate from various offices located across Canada. For more information on VersaBank, please visit our website at

Please note this is an in-office position in London, ON.

Reporting to the Chief Internal Auditor, you will assist in evaluating the adequacy, efficiency and effectiveness of controls encompassing the organization’s governance, risk management process, business operations, legal and regulatory requirements, and information systems for the parent company and its subsidiaries. As a member of VersaBank’s Internal Audit Function, you will get to see the ‘big picture’ and have significant opportunities for career growth due to VersaBank’s entrepreneurial business model and small Internal Audit Function.

Key Responsibilities:
•Assisting in all phases of internal audit projects, including planning, testing, identification of issues, development of recommendations and preparation of audit reports.
•Interacting with Bank staff members and assessing their tasks to identify areas where operations can be made more efficient.
•Performing follow-up on the status of outstanding internal audit recommendations.
•Assist in the ongoing development and implementation of the effective use of internal audit management software, technology and data analytics to deliver timely identification, monitoring and reporting of risk exposures.
•Occasional travel to various VersaBank offices will be required to conduct audit activities.

What we are looking for:
•A self-motivated knowledge seeker who strives to continually learn and who takes initiative to understand and adapt processes.
•An innovative problem-solver with a keen attention to detail and strong analytical skills.
•A confident communicator who builds and maintains strong relationships, enabling internal audit to provide value added advice and proactively mitigate risk.
•A customer-focused team player committed to delivering quality service.
•You have the ability to adapt to change, make decisions and offer solutions.

•A Bachelor’s degree in Commerce and/or Business Administration or other related field with a Chartered Professional Accountant (CPA) designation and 3 – 5 years of internal / external audit or compliance related experience (or equivalent combination of education and experience).
•Knowledge of accounting, finance and internal control areas is required.
•Experience in the financial industry is an asset.
•Proficiency with Microsoft Office Applications, strong Excel skills including pivot tables.
•Experience with data analytics and Microsoft PowerBi is an asset.
•Experience with audit software is an asset.
•Willingness to learn internal audit theories, trends and best practices.

We offer a friendly and positive work environment, a very competitive compensation package, an outstanding benefit package as well as paid professional membership fees and a tuition refund program. We also have a fitness club reimbursement program, an attractive incentive award program as well as stock options.

If working for a ‘non-traditional’, technology savvy bank with an entrepreneurial flair appeals to you, we encourage you to apply in confidence with your resume and cover letter to [email protected] as soon as possible.

We thank you for taking the time to submit an application. Please be advised that only those selected for an interview will be contacted.