2022 LOMA Canada Internal Audit Virtual Annual Meeting
1:00 – 3:45 pm ET Each Day
11/16/2022 - 11/17/2022
Virtual Conference
Overview
Who Attends
Internal Audit professionals from all career levels are invited to attend this annual meeting to gain new knowledge, share ideas and network with their industry peers.
Highlights
Topics for this event may include:
IFRS
Risk culture
Corporate governance
Three lines of defence (oversight function)
Life insurance enterprise risk management
ORSA
Quality assurance review
Third party audits
Cyber security
This meeting offers Continuing Professional Education (CPE) credits from the Institute of Internal Auditors.
Choksy is Senior Manager, Enterprise Risk Services Advisory Group and Leader for the ERS practice for Greater Toronto Area West, at MNP LLP. He has over 15 years of audit experience with expertise in internal controls over financial reporting, external quality assessments, operational audits, financial statements audits, compliance audits, process improvement and maturity assessments. His experience spans both publicly-listed and private organizations as well as the government sector, including Workplace Safety Insurance Board and others. Choksy holds the CA, CPA, LPA, CIA and MMPA designations.
Colavita is Senior Vice-President and Chief Internal Auditor at Foresters Financial. She has over 25 years of progressive experience in Life Insurance. In her current role since 2012, she leads the Internal Audit department which supports the company’s operations in the UK, US, and Canada. She is proactive in leveraging new audit ideas to ensure the audit function remains strategic, relevant, and forward thinking. She is a CPA and CIA designee.
Director, Internal Audit Group Portfolio, Sun Life
Di Pasquale is Director, Internal Audit Group Portfolio, Sun Life. Her role as an internal auditor has been to highlight process risk and areas of control weakness that can hinder the achievement of business objectives. She supports the Sun Life internal audit mandate by providing assurance over controls, proactive partnership with business units in reviewing control design and implementation, and sharing insights. Previously, she was at Manulife where she held various positions in Internal Audit, Finance, and Group Operations Administration.
Catharine Dutt provides risk management and internal audit advisory services to clients across a wide range of industries, with a specialty in global financial services. Prior to joining MNP, she was a senior audit executive at a global financial institution, focused on enterprise risk management, internal audit transformation, and internal controls. She was also the chief audit executive for a U.S. national bank. Most recently, she was a risk consulting practice leader for Canadian business and technology risk, internal audit, and internal controls services. She has worked with clients across a variety of sectors, including banking, insurance, government, municipalities, healthcare, telecommunications, and transportation. She approaches client issues by leveraging industry experience with emerging topics, including global function planning and operations, and advanced data analytics.
Dutt is a frequent speaker on topics such as governance and control, strategic internal audit functions, and organizational culture and conduct risk. She has supported her community as a board member with the Children’s Aid Society of Toronto and a member of the Finance, Investments and Property Committee of the board of Wilfrid Laurier University.
As a director in Digital Enterprise at Sun Life, Eccles is a member of its Canadian Centre of Excellence and participates in the transformation of the Canada organization from primarily waterfall project execution to agile. In this capacity, she has been responsible for re-engineering many supporting processes, including the Sun Life Canada compliance and audit needs. Prior to joining the Digital Enterprise, she was the Director of Practice and Project Management Office in IT, serving the Individual and Wealth businesses.
Senior Manager, Data Analytics, Internal Audit Services, Manulife
Gupta is Senior Manager, Data Analytics within Internal Audit Services at Manulife. His role and ambition are to drive the adoption of data analytics to deliver strategic value on audits and automation initiatives across multiple business lines and geographies. Having started his career as a software programmer in the telecom industry 17 years ago, he gradually developed a passion for getting data to tell a story. With this motivation, he decided to pursue a career as a data analytics professional nine years ago and has not regretted that decision. Gupta’s academic achievements include an MBA from Hult International Business School in Boston, and a Bachelor’s in Computer Science from NIT (Jaipur), India.
Larson is a partner, Consulting Services group, the national lead for the Organizational Renewal Practice, and co-leader for the ESG Service Line at MNP LLP. She helps clients clarify and build alignment around their strategies, build leadership capacity, and embed cultures that foster outstanding execution. She is board chair of McGill’s School for Continuing Studies, a former board member of Prostate Cancer Canada and vice-president of the University Club of Montreal, as well as co-founder of the International Women’s Forum in Canada. She is an ICD.D designee.
Vice-President, Audit Services, The Co-operators Group Limited
McLellan is Vice-President, Audit Services for The Co-operators Group Limited. In 1994, McLellan joined The Co-operators as Manager, Audit Services in Regina and in 1999, he transferred to its Guelph office. In 2000, he became Vice-President and is responsible for the management and direction of all internal audit activities throughout the Group of Companies. Prior to joining The Co-operators, McLellan articled with Deloitte in Regina and Sydney, Australia and received his Chartered Accountant designation in 1990. He also holds a Bachelor of Administration degree from the University of Regina and the FLMI designation.
Partner, National Leader, Internal Audit Services, MNP LLP
Rodrigues is Partner, National Leader, Internal Audit Services, MNP LLP. Throughout his career, he has had the opportunity to work with a broad base of clients in industries such as manufacturing, telecommunications, insurance, health care, banking, advertising, real estate and energy. He specializes in helping companies maximize opportunities, reduce risk exposure and optimize operations through enterprise risk management consulting, operational risk assessments, governance effectiveness training, Sarbanes-Oxley 404 and National Instrument 52-109 compliance, internal auditing, compliance auditing, value-for-money auditing and quality assurance reviews. He has earned the CPA, CA, ORMP, CIA, CRMA and CSC designations.
Kim Eccles,Director, Digital Enterprise Canada, Sun Life Canada
Aurora Di Pasquale,Director, Internal Audit, Sun Life Canada
For the past two years, Sun Life Canada has been undergoing a pivot to Agile. In 2021, the company's Internal Audit team conducted an advisory review of the Digital Enterprise Framework rollout to get an understanding of the objectives and provide feedback on the control design.
Eccles and Di Pasquale will describe the Agile execution and audit approach, and share their learnings from this transformational journey, including:
How and where the focus on business transformation was initiated.
The outcome of the evolution and how they are changing their organization by bringing the business units and Information Technology closer together.
Their governance model, communications and change management efforts to help their organization though the culture change needed to support the new model.
How they have closely partnered with Internal Audit to ensure they remain compliant during and post-transformation.
Pat Colavita, Senior Vice-President and Chief Internal Auditor, Foresters Financial
Globally, there has been increasing impetus from regulators to focus on culture. They recognize that organizational culture can have a material impact on the health of financial institutions and the broader financial system. Internal Audit is in a unique position to ask whether culture risk is being given enough focus. Colavita will walk you through Foresters Financial’s path for auditing culture.
Financial services organizations have taken different approaches to auditing culture – ranging from a focused audit of culture to embedding the topic in all audits. Dutt and Choksy will examine key approaches that can be considered and tailored for your organization as well as some viewpoints on emerging regulatory expectations.
Naresh Gupta,SeniorManager, Data Analytics Internal Audit, Manulife
In an audit, data analytics can be described as the science and art of discovering and analyzing patterns, deviations and inconsistencies within the processes and data of the underlying subject matter. However, across the financial services industry, the internal audit function has been relatively “underserved” in the use of analytics when compared with direct revenue-contributing functions, such as sales and marketing.
For several years, Manulife’s Internal Audit Services have been making a conscious effort to develop its internal data analytics capability that assists the audits to be more efficient, effective, and highly valuable to the organization. In this session, Gupta will address “what we do” and “how we do it” by sharing a few recent cases in which data analytics was utilized during audits.
Doug McLellan, Vice-President, Audit Services, The Co-operators Group Limited
Of late, the environmental, social and governance (ESG) movement has been growing in popularity and is a common benchmark practice among the world’s biggest corporations and industries, with insurance being no exception.
The Co-operators issued its first Corporate Sustainability Report more than 10 years ago. At the outset, the partnership between Internal Audit and Corporate Sustainability started gradually but since then, it has gained significant momentum and importance.
McLellan will chart the progression and advancement of this symbiotic relationship through time, and how Internal Audit and Corporate Sustainability have collaborated to ensure that many key metrics, performance indicators, and management assertions included in the company’s annual Integrated Report are reviewed and validated effectively using a risk-based approach.
Mary Larson, Partner, Consulting Services, MNP LLP
Geoff Rodrigues, Partner, National Leader, Internal Audit Services, MNP LLP
What is the ESG movement and what will it look like in Canada in the future? How should you think about its importance for your organization, and—as internal auditors—consider the nature of your role in providing assurance to your organization that expectations are being met? Larson and Rodrigues will share their perspectives on how ESG has changed the face of business today and the ecosystem of risks that must be considered when developing risk-based internal audit plans.
In the event that a scheduled meeting or event is cancelled by LIMRA | LOMA for any reason, LIMRA | LOMA shall refund any conference registration fees that have been paid by the registrant. Under no circumstances, however, shall LIMRA | LOMA be liable to the registrant for any other expenses including, but not limited to, airfare and hotel expenses incurred by the registrant.
All cancellations must be received in writing. Email customer.service@limra.com. Cancellations received by November 2, 2022, will be refunded, less a CD $55 processing fee. No refunds will be issued after November 2, 2022.
