Director Internal Audit

Responsible for the continued development and maintenance of the Audit Business Model, including all projects addressing the Audit Methodology and related policies, standards and procedures, tools and technologies, quality assurance, training and development, knowledge management and communication. Work involves managing or conducting projects, providing major input to the development of the annual plan, and providing training, coaching and supervision to internal staff. Ensures that audit results are translated into well-communicated recommendations to executive management emphasizing strengthening of control and process weaknesses in order to prevent recurrences and reduce exposure to losses. A director provides communications support for executive and departmental presentations and special events. He/She maintains all organizational and professional ethical standards, works independently under general supervision, and is able to exercise some latitude for initiative and independent judgment.

Size and Scope of Audit Responsibility
Executes performance management, talent management and other managerial duties for the Professional Practices Group.
Supports the execution and maintenance of Quality Assurance (QA), developing strategy and annual work plans through project support.
Supports the maintenance and enhancement of the CAS Audit Methodology and related policies, standards and procedures through project support.
Manages the development and support of tools and technology to support the audit process and model.
Manages the execution and maintenance of Knowledge Management and Communication processes and develops KM strategy.
Manages policy clearinghouse activities.
Coordinates and prepares for Departmental Regulatory Examinations.
Prepares monthly and ad hoc team status and management reports.
Typically works independently under general supervision, with latitude for initiative and independent judgment.
Performs other related work as assigned by the PPG Group Director and Chief Auditor.

Span of Control
Manages up to 8 staff members across an assortment of areas of responsibility.
Lead project manager for all large scale departmental initiatives, maintaining and tracking PPG plans.

Complexity
Familiar with the design and execution of internal controls testing of fairly complex operations with many auditable components, including finance, compliance, IT, credit and security, etc.
Able to plan, perform and lead audit tasks and projects of moderate to high-level difficulty, demonstrating the degree of audit experience needed to effectively guide and monitor the work of other auditors.
Demonstrates an in-depth understanding of the broader context and implications of the various types of risk effecting the business (e.g., financial, legal, reputational, etc.).
Effectively identifies and understands changes in the risk environment, able to suggest modifications to audit testing methodology, practice and procedures as appropriate.
Has some depth of expertise in one or more areas of responsibility

Relationship Management
Establishes and maintains effective working relationships with auditors, line management, auditees and external parties, as appropriate.
Effectively represents internal audit on project teams and at management meetings, and presents and reports audit findings to senior management.
Works closely with internal clients and other interested parties without compromising the objectivity and independence of the audit function.
Develops a personal network of people who are industry/business experts, drawing on the experience of others to learn more about the organization.

Professional Practices Group Administration
Executes performance management, talent management and other managerial duties for the Audit Operations Team.
Prepares monthly and ad hoc team status and management reports.
Assists the PPG Group Director in reporting issues of audit operations to senior management and the Board of Directors and provides other internal audit status reporting as required.
Assists the PPG Group Director in developing financial budgets, and responsible for managing budget in area(s) of responsibility.

Professional Conduct
Maintains all organizations and professional ethical standards, while actively advocating and monitoring compliance.
Ensures work performed meets or exceeds established quality standards and establishes review process to ensure adherence.
Pursues professional development opportunities, including internal and external training and professional association memberships, and shares information gained with team members.
REQUIREMENTS
8 or more years of full-time experience in internal or external auditing, accounting, financial analysis, compliance or other related field, including a minimum of 3 years of supervisory or project management experience.

Education
Bachelor’s degree from an accredited college or university.

Certification
Professional certification such as a CIA, CPA, CRCM or CISA.

PROFESSIONAL KNOWLEDGE

Core Professional Knowledge

The principles of internal control, generally accepted audit practices, policy formulation and COSO Framework
Credit review and line of business audit strategies
Financial institution laws and regulations
Auditing information technology
Business process and controls engineering
Advanced credit card economics
Internal audit standards and code of ethics (The Institute of Internal Auditors Standards for the Professional Practice of Internal Auditing and Code of Ethics)
In addition, staff with direct report responsibility should have an in-depth understanding of:
Other types of professional knowledge that may be essential to effective job performance.

SKILLS & QUALIFICATIONS

Problem Solving/Decision Making
Demonstrates an ability to assess the relevancy of audit findings, identify root causes of systemic control weaknesses rather than mere symptoms, identify potential risk exposures and their materiality, spot improving or deteriorating trends, and assign a fair and appropriate risk rating at the completion of audits.

Organization and Project Management
Experience and success in leading complex audit engagements to completion on time and within budget.
Demonstrates ability to manage multiple project teams.

Teamwork
•Establishes and leads effective teams, and actively supports a team culture.

Compensation:
Commensurate with experience
Generous base salary, incentive bonus, and comprehensive benefits


CareerBuilder Related Terms:

"Audit Director", "Audit Manager", Audit, Banking, CPA, CIA, CISA