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Co-op Student (Accounting, Finance) - Risk and Internal Controls

Job Description

Change the future with us.

We are passionate about innovations that mean real progress. We are excited about technologies that still need to be developed. What about you? Do you want to use your curiosity, passion, and creativity to make the lives of millions of people easier and better? Join us as a graduate –either by beginning your career with us or through a co-op placement. Whichever path you take, we’re looking forward to seeing your perspective.

Why you’ll love working for Siemens!

  • Freedom and a healthy work- life balance– Embrace our flexible work environment with flex hours, telecommuting and digital workspaces.
  • Solve the world’s most significant problems – Be part of exciting and innovative projects.
  • Engaging, challenging, and fast evolving, cutting edge technological environment.
  • Opportunities to advance your career and mentorship programs on a local and global scale.
  • Competitive total rewards package
  • Contribute to our social responsibility initiatives focused on access to education, access to technology and sustaining communities and make a positive impact on the community.
  • Participate in our celebrations, social events and offsite business events.
  • Opportunities to contribute your innovative ideas and get paid for them!
  • Employee perks and discounts.
  • Diversity and inclusivity focused.

Siemens is proud to be an eight-time award winner of Canada’s Top 100 Employers, Canada’s Greenest Employers 2022, Canada’s Top Employers for Young People 2022 and Greater Toronto's Top Employers 2022.

What will you do?

Siemens Canada is looking for a motivated and self-driven Co-op student with an interest in Risk and Internal Controls experience to help us support our internal control system in Canada, as well as help create and drive tasks within our Risk and Internal Control (RIC) function, which has a responsibility of establishing an Internal Control environment in accordance with Siemens Risk and Internal Control (RIC) methodology.

The Co-op Student – Risk and Internal Controls position is an opportunity for a undergraduate student. The selected candidate will be responsible for ensuring the company maintains strong internal controls and good governance practices through an effective RIC program. This position will contribute to the planning, documenting, reviewing, assessing, and remediating the internal control framework in accordance with the COSO framework of internal controls. In this role you will be working not only on regional internal control topics relating to the Assurance function within Canada but also be a business partner for internal controls over financial reporting topics within some businesses of Siemens Canada. The right candidate will be reporting into the Head of RIC in Canada.

The position will be for 5 months starting from the end of the Winter term 2023 until August 2023

Regional responsibilities are as follows

  • Support the Head of RIC in managing and driving the internal controls system for select business units and support functions for Siemens Canada, including the proper documentation and assessment of those controls.
  • Conduct and develop continuous improvement for internal control processes, focusing on increasing efficiency while maintaining or increasing the overall level of assurance.
  • Support establishing effective policies, procedures, processes and controls necessary to be compliant with the RIC program
  • Support to facilitate and drive the remediation of internal control weaknesses with multiple stakeholders (support function heads, business units and other process owners) with a strong focus on a timely but also sustainable remediation thereof.
  • Support local businesses with the development general principles / methodology / assessment approach for ICFR relevant Controls to be incorporated into Siemens RIC Manual and Policy Control and Master Book (PCMB), outsourcing, workshops/trainings
  • Carry out impact analyses of ineffective key controls regarding their relevance for Entity Reporting and guidance on the formulation of remediation measures and monitoring their correct and timely implementation
  • Support in IT Special Topics (e.g. Smart Close/Runbook/Robot Process Automation/Cloud Solutions)

What will you need to succeed?

  • Student in an Undergraduate Bachelor's degree preferably in Business, Auditing, Finance, Accounting or related field.
  • Preferably third and fourth year students.
  • Some experience in an internal controls environment is an asset.
  • Some experience in accounting, IT or audit role is an asset
  • Strong intellectual and analytical skills
  • Solid understanding of internal controls and internal audit practices. Comprehensive understanding of financial accounting.
  • Excellent written and oral communication skills, including proven ability to prepare and present information to all management levels.
  • Demonstrated ability to manage multiple assignments, achieve deadlines and deliver quality results within a team environment
  • Strong focus on efficiency and process improvement
  • Creative, thinks “outside the box”
  • Proven ability to build strong partnerships with teammates, key stakeholders, and business and functional experts and influence decision outcomes
  • Self-motivation and attention to detail
  • Knowledge of SAP ERP system, along with ability to work with MS OneNote
  • Ability to program macros (or other tools) as well as ability to automate processes through tools a plus.

About us.

We share our ideas and champion the people behind them.

For over 110 years, Siemens Canada has stood for engineering excellence, innovation, quality and reliability. Siemens Canada is a technology leader providing comprehensive solutions for Smart Infrastructure and Digital Industries. We make real what matters by setting the benchmark in the way we electrify, automate and digitalize the world around us. Ingenuity drives us and what we create together in yours. 

Making a difference together we raised $$385,000 towards charitable contributions, support over 38 non-profit organizations and planted 660 trees in our local communities. Siemens Canada has 2,500 employees from coast-to-coast and 24 office and production facilities across Canada. Join our team of approximately 293,000 talented professionals in more than 190 countries/regions and help us tackle the most exciting challenges to build a successful future together. So, what are you waiting for? Take your next career step with us.

To learn more about Siemens Canada, visit our website at www.siemens.ca

While we appreciate all applications we receive, we advise that only candidates under consideration will be contacted.


Organization: Country Functions & Departments

Company: Siemens Canada Limited

Experience Level: Student (Not Yet Graduated)

Full / Part time: Full-Time temporary



Siemens is committed to creating a diverse environment and is proud to be an equal opportunity employer. Upon request, Siemens Canada will provide reasonable accommodation for disabilities to support participation of candidates in all aspects of the recruitment process. All qualified applicants will receive consideration for employment.

By submitting personal information to Siemens Canada Limited or its affiliates, service providers and agents, you consent to our collection, use and disclosure of such information for the purposes described in our Privacy Code available at www.siemens.ca.


Siemens s’engage à créer un environnement diversifié et est fière d’être un employeur souscrivant au principe de l’égalité d’accès à l’emploi. Sur demande, Siemens Canada prendra des mesures d’accommodement raisonnables pour les personnes handicapées, dans le but de soutenir la participation des candidats dans tous les aspects du processus de recrutement. Tous les candidats qualifiés seront pris en considération pour ce poste.

En transmettant des renseignements personnels à Siemens Canada limitée ou à ses sociétés affiliées, à ses fournisseurs de services ou à ses agents, vous nous autorisez à recueillir, à utiliser et à divulguer ces renseignements aux fins prévues dans notre Code de protection de la confidentialité, que vous pouvez consulter au www.siemens.ca.

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