Internal Audit, Summer Student

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What we offer:
At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:
Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
Job Responsibilities:
The Internal Audit Summer Student assists in conducting independent internal audits related to Financial, Compliance, IT, and other business areas to ensure that established policies and procedures are followed and that operational and financial standards are met.
Please note: Magna International Inc. is an approved CPA training office, and students will be eligible to receive CPA training hours.
Major Responsibilities

• Perform financial, compliance, and other audit activities within required timeframes.
• Clearly document audit procedures performed and results obtained, including any control deficiencies, in accordance with departmental standards.
• Create and maintain audit files.
• Evaluate audit results to determine the effectiveness of internal operating policies, internal controls, regulatory compliance, administrative procedures, and reporting practices.
• Identify gaps in internal controls and provide recommendations for improvement.
• Use Internal Audit databases to support report writing and archiving of audit results.
• Conduct research and prepare pre-audit files and background materials to ensure focused, efficient, and effective engagement execution.
• Perform other duties as assigned by Internal Audit department management.

Knowledge and Education

• Working toward a Bachelor's degree in Business, Finance, or Accounting.

Skills and Competencies

• Proficient in Microsoft Office products, including advanced Excel skills.
• Excellent communication skills (verbal and written).
• Strong time management and organizational skills.
• Ability to work independently and as part of a team.
• Strong attention to detail.
• Ability to work with sensitive data and maintain confidentiality.
• Strong personal values, ethics, and integrity consistent with those of Magna's core values.

Work Environment

• Regular overnight travel (25-50%).
• Travel to Magna divisions in Ontario (50-75% of work time), with potential for schedule changes due to unplanned demands.
• Must have a reliable vehicle.

Compensation

• This position offers an hourly wage of $20.00.

Please Note

• Accommodation for disabilities in relation to the job selection process is available upon request.

Awareness, Unity, Empowerment:
At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.
AI-Assisted Screening Disclosure
As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.
Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.
If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.
Worker Type:
Fixed Term (Fixed Term)
Group:
Magna Corporate