Audit Lead Job Description
Audit lead
provides functional leadership of the IT audit processes and ensure assigned audits are completed in compliance with department policies and procedures and ensure all audit objectives have been satisfied.
Audit Lead Duties & Responsibilities
To write an effective audit lead job description, begin by listing detailed duties, responsibilities and expectations. We have included audit lead job description templates that you can modify and use.
Sample responsibilities for this position include:
Monitor and demonstrate compliance with departmental policies and practices
Perform advanced fieldwork activities, including inquiry of clients, inspection of records and documents, and observations and re‐performance of complex control procedures
Develop operational processes and policies for internal team usage
Lead GSO efforts in preparation, engagement and remediation of all GSO-targeted and cross-impacted Audit and regulatory activities, including internal audits, external audits
Remain current with evolving regulatory and external events in the Regulatory reporting space, including review of new guidance and rules as they are issued by regulators to assess impact
Lead and be involved in various audit activities including performance of risk assessments, audit planning, testing, documentation, control evaluation and reporting to senior management
Obtaining a comprehensive understanding of the various regulatory compliance related risks and the controls established by management to manage these risks and serving as an authoritative resource to the Department on current and emerging compliance related risks regulatory and industry developments that impact those risks
Building and maintaining collaborative relationships with Audit Department executives and staff in US and International locations key executives in the businesses and in the legal and compliance functions serving as the company’s second line to defense, to facilitate the execution of the audit plan the communication and sharing of observations, information and ideas
Monitoring issues and trends throughout the year with the goal of developing and communicating a view as to the design and effectiveness of the processes and controls related to regulatory compliance related risks that will be shared with Chief Compliance and Legal Officers other senior business, legal and compliance management across the company
Remaining current with emerging risks and industry views on key regulations Company initiatives designed to monitor and manage these exposures so as to adapt audit methodology and approach as appropriate
Audit Lead Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Audit Lead
List any licenses or certifications required by the position: CIA, CPA, CISA, CISSP, CFE, CISM, ISO, IAM, CFA, ITIL
Education for Audit Lead
Typically a job would require a certain level of education.
Employers hiring for the audit lead job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Computer Science, Business/Administration, Auditing, MBA, Engineering, Education, Economics
Skills for Audit Lead
Desired skills for audit lead include:
Audit standards
Procedures
Healthcare industry is helpful
Policies
Policies and procedures
Excel
IT processes
Audit experience
Internal controls
Statutory Accounting Principles
Desired experience for audit lead includes:
The ability to think outside-the-box and collaborate with associates at all levels within the Audit group, other teams across the Bank
A College or University degree and/or entry level auditing experience in a financial institution
8+ and supervisory/management experience within auditing and/or systems experience in a financial institution, or similar public accounting experience in the financial services industry
Experience of auditing asset and fund servicing activities, typically gained in a financial services audit environment, together with knowledge of risks and controls of these activities, including operational, compliance and credit risks
There will be an element of travel, which will be up to an average of 30%
Generally 3-8 years of auditing experience in a financial institution or in a public auditing/consulting firm, in conjunction with relevant risk management experience
Audit Lead Examples
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Audit Lead Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of audit lead. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for audit lead
- Provide leadership and oversight over the execution of the GT audit plan by ensuring the team embeds quality in the procedures executed, and maintains general compliance with Balanced Scorecard Metrics
- Provide oversight and support to other auditors on projects in assigned IT area(s)
- Partner with a professional assurance services firm
- Work with other members of the audit team to leverage their skill sets, experience and expertise
- Act as a mentor to less experienced auditors
- Monitor all outstanding recommendations and action plans for the assigned IT area(s)
- Assist the external auditors and the IT Risk and Compliance team through coordinating and executing direct assistance testing for select assignments
- Trains and coaches new team members on polices, practices, systems and processes
- Monitor all outstanding recommendations and action plans for assigned audits
- Interact with all levels of management to provide effective risk and control advice
Qualifications for audit lead
- Business and Industry Knowledge – Demonstrable knowledge, and experience of auditing Payment and Transaction Processing Systems, Technology Infrastructure and Technology Operational Processes
- Knowledge of Distributed Technologies
- Master’s degree in business related field or equivalent degree is preferred
- FRM, PRM, and/or CIA certification preferred
- Additional professional accreditations (CPA, CFE, CISA, ), licenses, or designations
- Strong knowledge of Basel Principles and their interpretation in the financial services industry and by regulators
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Audit Lead Job Description
Job Description Example
Our innovative and growing company is hiring for an audit lead. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for audit lead
- Has expert knowledge of internal controls, auditing methodologies and techniques, and risk assessments
- Overall responsibility for the operational management of the DDC
- Work with the senior stakeholders to develop DDC and wider ADM strategy
- Implementation of strategic development programmes for the DDC
- Monitor performance of the DDC as a whole and ensure high quality output within an appropriate time frame
- Present DDC Management Information to senior stakeholders
- Monitor performance against budget and report variances to senior stakeholders
- Assist demand generation for the DDC within the practice
- Analyse demand and set recruitment policy to meet requirements
- Process Improvement Request (PIRs), Process Audits results, process assessments as a means to gather feedback from process users
Qualifications for audit lead
- Minimum of 7+ years of audit and/or relevant business experience, including roles as a project lead
- Comprehensive understanding of key broker-dealer and/or banking regulations and key compliance priorities relevant to the Consumer Banking and Chase Wealth Management businesses (such as Reg E, Reg DD, SEC/FINRA, Dodd-Frank, Fiduciary, and BSA)
- Strong background with a public company and knowledge of audit process/requirements, and/or extensive project-based accounting work requiring management of many concurrent deliverables from multiple external sources, with significant internal cross-functional coordination required to support short/inflexible deadlines
- Interpersonal skills to communicate effectively with all levels of management and individual contributors are required
- Demonstrated ability to prepare and conduct presentations
- Ability to provide guidance and leadership to others
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Audit Lead Job Description
Job Description Example
Our company is hiring for an audit lead. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for audit lead
- Participate in an Agile software development environment to ensure the completion of the “Definition of Done” and proper execution of the defined processes monitor the development metrics
- Maintenance, and ongoing development of our pre Audit methodology to help improve efficiency and reduce resource impacts
- Proactively identify and manage associated risks, and ownership for mitigating actions post Audit review
- Play an active part within the wider CSM team, taking accountability to support the handling of CSD work tasks and SLA’s
- Ability to work in collaboration with SCSM for ensuring end to end and new services provided to our platform only clients are functioning as expected, meeting contracted service levels and quality standards
- Provide primary support and enhancement to the Oracle ReSA applications
- Collect, document and implement functional business requirements
- Review, analyze, problem solve production bugs and implement thoroughly tested and thoughtful efficient solutions
- Configure Oracle ReSA applications
- Lead User Acceptance Testing for system enhancements
Qualifications for audit lead
- Manage interaction with External and Internal auditors for all audits
- A strong, comprehensive understanding of key regulations and current regulatory developments relevant to CIB (FSA, AML ) and key Compliance priorities (including oversight of Anti-Money Laundering, Client Asset controls, managing MNPI)
- 12+ years of experience in IT, Audit and/or Accounting with a Bachelor's Degree
- Familiarity with JD Edwards, BPCS
- Familiarity with IT risks surrounding cloud computing, cybersecurity, mobile device security, medical device security, big data, vendor management, IT governance, social media
- Other Industry-specific IT / Operations certification, such as CISSP, CISM, CRISC, CGEIT
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Audit Lead Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of audit lead. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for audit lead
- Provide level-three support of the nightly batch process specific to Oracle ReSA applications
- Configuration of the ReSA Totals functionality
- Provide level-two support to end-users and training
- Work with and support business users on a daily basis
- Engage and report on both the audit plan and results of Global Technology activity (globally) within Internal Audit (regional business and IT leads, with the second line of defense, and to management
- Guide the Global Technology Audit team in its role as the IT subject matter experts for IA, by identifying emerging risks, providing insight into current IT risks globally, and providing support in the assessment and reporting of these risks throughout the three lines of defense
- Enable IA’s vision for the auditor of the future, by providing leadership and oversight into the Global Technology team’s enhancement of business acumen, critical thinking, and data analytics skills, and supporting the broader IA department’s objectives of enhancing their knowledge of IT risks and controls
- Develop and document a "continuous auditing" approach
- Perform special departmental tasks as requested
- Perform research and enhance knowledge necessary to provide quality audit coverage of assigned areas
Qualifications for audit lead
- Able to work independently part of a progressive, high-performing team exercising influence management skills to contribute to value added deliverables
- Audits / Risk Management knowledge and experience will be added advantage
- 8 to 10 years’ experience in Large Corporates/Mid Size or Large Consulting firms in the areas of HR /Payroll function is must
- Manage technology audit execution for a portfolio of audits (technology and integrated audits) demonstrating an ability to effectively prioritise competing commitments, performing/ assisting with fieldwork as/ when required
- Good working knowledge on SAP ERP
- Ability to manage audit teams including co-sourced auditors
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Audit Lead Job Description
Job Description Example
Our growing company is looking for an audit lead. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for audit lead
- Lead in the development and execution of IT internal audits including audit planning, detailed audit procedures and related testing and reporting in accordance with professional and departmental standards, including financial (Sarbanes-Oxley testing) and operational
- Be the Single Point of Contact for Compliance and internal controls with regional & delivery leadership team
- Direct oversight responsibilities for all audits assigned to as lead
- Build and maintain relationships with all teams involved with the product such as business product owners, development, risk regulatory and legal, learning & training, other teams to facilitate improvements to data applications
- Balance and audit for accuracy of room revenue, food and beverage revenue, cashier’s reports, and guest and house accounts and telephone revenue
- Have experience in Compliance audit (Consumer Protection Regulations and BSA/AML) and Banking Operations audit
- Prepare Audit Programs to ensure the program is risk-based, the test steps are adequately defined and key inherent risks are identified in the Program
- Supports timekeeping/audit vendor process for Pascagoula, El Segundo and Richmond Refineries
- Ensures exceptions are processed within the guidelines and meet compliance standards
- Works with the team leader to dissimilate the workload amongst the group
Qualifications for audit lead
- Experience in risk assessment and evaluation of key enterprise-class technologies (e.g., networking, servers, databases, ) and/or enterprise applications (e.g., ERP systems, HRM systems, web framework technologies)
- Ability to work independently or as part of a wider team
- Experience of bespoke platforms (Hermes, PLATO and Query Portal)
- Experience and industry knowledge of financial services
- Familiarity with India/ US GAAP, SOX or IAS
- Demonstrates effective team building skills including positive team interactions, giving and receiving constructive feedback, negotiation and problem resolution