Our client, a Leading Financial Services Firm, is looking for an IT Audit Director to join their growing team.
02nd August, 2022
Locations: Newark, DE; Dulles, VA; or Salt Lake City, UT
What you'll contribute:
The mission of the Internal Audit function is to provide independent assurance to the Audit Committee of the Board of Directors and Management as to the adequacy and effectiveness of risk management, control and governance processes. Internal Audit also assists Management by providing objective assurance and advisory services designed to add value and improve operations. The vision of the department is to provide insights and perspectives to support the growth of the firm, but also to deliver confidence and inspire a culture of excellence. This position reports to the Deputy Chief Audit Officer and has significant exposure and interaction with executive and senior management. The position has audit oversight responsibilities for individual units and/or support functions within Technology and Cybersecurity. This position also directs pre-implementation and post implementation reviews, in additional to traditional assurance services. In addition, the position, as a member of the Audit Leadership Team, plays an important role in establishing and implementing audit policies and procedures in conformance with the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing, development of audit staff and enhancing the profile of Internal Audit.
The Internal Audit Director is responsible for the following: Lead a team of internal auditors in the execution and administration of technology and cybersecurity audits as well as audits of the Company’s risk management functions that provide second line oversight over technology and cybersecurity. The Audit Director will supervise Audit Managers and Senior Auditors in the development and communication of audit scope, objectives, and results with technology and cybersecurity management through status updates, meetings, and via written internal audit reports. Provide important input to the annual and ongoing risk assessment process and audit plan development process. Supervise audit teams in the assessment of deficiencies/exceptions noted during internal audits. Coordinate and communicate with internal & external auditors, senior management, and other key stakeholders; as necessary, to meet above objectives. Manage and coordinate the efforts of assigned audit teams to successfully carry out the annual audit plan and provide timely performance feedback. Perform special projects and investigations as necessary.
What you'll do:
Lead a team of internal audit staff:
Plans and executes audits/targeted reviews; Provide oversight and guidance for the planning, fieldwork/execution, and reporting/wrap up of Internal Audit projects
Determines risk-based approach and participate in annual/quarterly risk discussions
Provides expertise in auditing standards and requirements.
Works effectively in teams to manage the efforts of internal auditors and co-source providers – including scheduling and deployment of resources, updating, and communicating changes to the audit plan, and oversight of budgeted hours to actual.
Oversees the development of procedures, schedules, priorities and programs for achieving audit objectives and goals.
Manages competing priorities (i.e. execution of multiple audits)
Oversees validation of management remediation efforts (Regulatory and Internal Audit Issues)
Reviews and approves key audit documents (i.e. Planning Memo and Risk and Control Matrix) and issue validations.
Provides quality service to stakeholders in an engaging manner, which include building strong relationships with senior management throughout the organization and demonstrating knowledge of business risk and processes.
Identifies opportunities for continuous auditing (CA). Provide oversight to the Audit and Data Analytics teams during development, implementation and execution of CA projects.
Serve as a leader and member of the Audit Leadership team:
Collaboratively works with Audit Leadership team and Audit Managers to manage the function and continuously improve processes, tools and staff
Engages with Senior leaders and Process owners in respective technology areas; share audit insights and perspectives; become a trusted advisor
Actively participates in regular project meetings to understand, assess, and communicate risks including escalating to Audit Leadership. Provide pro-active real-time feedback on the design and implementation of controls critical to ensuring the Company’s compliance with applicable laws and regulations.
Manages and monitors progress of key activities and outcomes
Regular interacts, presents and discusses with Management
Evaluates strategy and suggest investments that support the mission, vision and goals
Assists in sustaining a high level of stakeholder confidence
Assists with regulatory exams and support
Team Management and Development
Manage and develop direct reports
Manages, recruits, coaches, and trains a professional audit staff with sufficient knowledge, skills, experience, and professional certifications to meet the needs of the Internal Audit department.
Monitors performance of managers, auditors, and senior auditors and provide feedback on a regular basis and consistent with department procedures.
Risk Management and Assessment
Annual and quarterly risk assessment and audit plan development
Monitors internal and external risks and events to ensure audit coverage remains relevant, dynamic, aligned and focused
Updates audit universe, conduct formal risk assessment, participate in risk refresh exercises, create/review/change audit plan
What you have:
Bachelor’s Degree, or equivalent combination of training and relevant experience
8+ years of experience in public or private audit, or equivalent risk/compliance experience
6-8 years supervisory experience or leadership level audit experience
Experience working in technology audit
Regulatory Compliance experience
Degree and/or Relevant Professional Certification (CISA, CISSP or equivalent)