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CPA Trainee - Summer 2025 Start (New Graduate Opportunity)

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BMO

Sep 11, 2024

  • Internship
    Full-time
    Placement Program
  • Quick Apply

AI generated summary

  • You should have a degree in Business/Commerce (Accounting/Finance), interest in CPA, 1-2 years of relevant experience, and strong communication, collaboration, analytical, and influence skills.
  • You will conduct audits, assess controls, provide insights, maintain independence, utilize data analytics, and develop stakeholder relations while ensuring compliance with audit methodologies.

Requirements

  • - A post-secondary degree in Business/Commerce specializing in Accounting and/or Finance. Successful candidates must be interested in pursuing their CPA designation.
  • - This is an entry-level position targeted for new or recent graduates within 1 year of completing their educational program.
  • - 1-2 years of relevant experience preferred (prior internship/co-op experience will be considered a key asset)
  • - Verbal & written communication skills - In-depth.
  • - Collaboration & team skills - In-depth.
  • - Analytical and problem solving skills - In-depth.
  • - Influence skills - In-depth.

Responsibilities

  • Conducts audit engagements to critically assess management and internal control processes, approving the nature, extent and timing of the audit, its execution and the formulation of insightful audit reports.
  • Reports on audits to provide clear, concise and memorable insights on issues and potential issues to assist management in fulfilling mandates.
  • This work provides vital assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company.
  • This work is instrumental in identifying unacceptable/high risk circumstances that could lead to material impact on profitability or reputation.
  • Provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.
  • Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks.
  • This may encompass individual audits and broader capstone audits of Enterprise level functions/processes.
  • Conducts advisory engagements and other engagements as required.
  • Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services.
  • Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment.
  • Utilizes data analytics in advisory engagements to improve quality and efficiencies.
  • Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes.
  • Maintains the independence of the audit practice and its personnel.
  • Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed.
  • Deliverables must be objective, clear, concise and timely.
  • Identifies control deficiencies and provides a fair and balanced assessment of their magnitude.
  • Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment.
  • Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by its Quality Assurance program and/or regulatory examination results.
  • Applies sound judgement in the execution of the assigned work and ensures open lines of communication.
  • Develops and maintains good working relations with key stakeholders.
  • Actively monitors change management initiatives and identifies potential risks.
  • Actively participates and supports Corporate Audit change initiatives.
  • Maintains and enhances professional audit qualifications in line with industry standards.
  • Focus may be on a business/group.
  • Thinks creatively and proposes new solutions.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works mostly independently.
  • Broader work or accountabilities may be assigned as needed.

FAQs

What is the start date for the CPA Trainee position?

The position is a Summer 2025 start opportunity targeted for new graduates.

What is the location of the job?

The job is located at 100 King Street West, Toronto, Ontario, M5X 1A1.

Is this position remote, in-office, or hybrid?

This is a hybrid role, allowing for a combination of remote and in-office work.

What is the duration of the rotation in different roles?

Participants will spend up to 36 months rotating roles within Audit and Finance, with each rotation lasting 9-12 months depending on business group availability and students' interests.

What support is provided for obtaining the CPA designation?

Participants will receive approximately $21,000 CAD in CPA support, including full reimbursement of annual membership fees, course and exam fees, and paid study leave.

What is the salary range for this position?

The salary range for this position is $49,000.00 - $90,800.00.

What qualifications are required for this position?

A post-secondary degree in Business/Commerce specializing in Accounting and/or Finance is required, along with a genuine interest in pursuing a CPA designation.

Is prior experience required for applicants?

While not required, 1-2 years of relevant experience is preferred, and prior internship or co-op experience will be considered a significant asset.

What skills are important for success in this role?

Important skills include verbal and written communication, collaboration and teamwork, analytical and problem-solving abilities, and influence skills.

Are there benefits included with this position?

Yes, BMO offers a total compensation package that may include performance-based incentives, discretionary bonuses, health insurance, tuition reimbursement, and retirement savings plans.

How does BMO foster an inclusive workplace?

BMO is committed to an inclusive, equitable, and accessible workplace, and accommodations are available upon request for candidates involved in the selection process.

Can recruiters submit unsolicited resumes?

No, BMO does not accept unsolicited resumes from any source other than directly from a candidate. Unsolicited resumes will be considered BMO property.

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BMO

Finance
Industry
10,001+
Employees
1817
Founded Year

Mission & Purpose

At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help.