VP, Internal Audit

Job Description

Overview

POSITION SUMMARY:

The Vice President, Internal Auditor (VP, Internal Auditor) is a leadership role. Leveraging a strong audit/finance background, the VP ensures compliance with regulatory standards, evaluates the organizations financial and operational controls and provides independent, objective assurance and consulting services to improve the companys risk management, governance, and internal control processes. The VP will also manage a team, and oversee/review tasks assigned to them.

Hybrid work environment (3 days/week in office); travel demands are expected to be limited (less than 10%).

Essential DUTIES AND RESPONSIBILITIES:

• Oversee financial, operational, and compliance audits to ensure effectiveness, efficiency, and alignment with established objectives and providing direction, guidance and mentorship to a team of auditors.
• Identify control gaps, inefficiencies, and emerging risks, and recommend actionable remediation plans.
• Evaluate the reliability and integrity of financial reporting, including compliance with Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), or other relevant accounting standards.
• Ensure audits are completed on schedule, within scope, and in accordance with professional audit standards such as the International Standards for the Professional Practice of Internal Auditing (IPPF).
• Prepare comprehensive audit reports, highlighting findings, recommendations, and action plans for senior management and the Audit Steering Committee.
• Provide guidance and support to stakeholders in implementing audit recommendations and monitoring the progress of corrective actions.
• Conduct risk assessments to identify and prioritize audit areas and develop audit programs to address identified risks.
• Collaborate with stakeholders across the organization to gain a thorough understanding of business processes, risks, and control systems.
• Monitor compliance with applicable laws, regulations, internal policies, and best practices providing recommendations to mitigate potential legal or reputational risks.
• Other duties as needed or required.

SKILLS/KNOWLEDGE/ABILITIES:

• Comprehensive knowledge of internal audit principles, methodologies, and best practices, as well as a strong understanding of risk management and compliance frameworks.
• Advanced knowledge of finance concepts, particularly as it pertains to risk management practices and procedures used in the asset management/banking industry.
• Deep understanding of accounting standards (e.g., GAAP, IFRS) and regulatory frameworks (e.g., COSO).
• Strong analytical, problem-solving, and critical thinking skills, with meticulous attention to detail.
• Excellent leadership and people management abilities, with a track record of developing high-performing teams.
• Proven project management skills, including the ability to prioritize tasks, manage multiple assignments, and meet deadlines.
• Exceptional communication and interpersonal skills, with the ability to effectively collaborate/influence stakeholders at all levels of the organization and presenting audit reports, findings and recommendations.
• Proven advanced working knowledge of Microsoft Excel, including ability to perform data analysis using pivot tables, formulas, or macros. Working knowledge of other Microsoft Office applications (Word, PowerPoint, Visio).
• Familiarity with audit management tools (e.g. Audit Board, Workiva) to monitor audit execution/timelines and provide transparent status updates to audit management
• Experience working in, or adequate knowledge of, industries that include asset management, lending, and/or mortgage servicing a plus.
• Continuous learning mindset, staying updated on industry trends and emerging practices in internal auditing.

EDUCATION and EXPERIENCE:

• Bachelors degree from an accredited college or university
• Working experience of at least 12 years in audit, with the last 5 years in a managerial or senior supervisory role

Certifications, Licenses, and/or Registration

CPA or CIA preferred