Audit Team Lead Job Description

Audit Team Lead Job Description

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Audit team lead provides expert-level understanding and application of guidance/direction contained in: Federal Acquisition Regulations (FAR), Truth-in-Negotiation Act (TINA), Fair Labor Standards Act (FLSA), Cost Accounting Standards (CAS), and DCMA and DCAA auditing principles.

Audit Team Lead Duties & Responsibilities

To write an effective audit team lead job description, begin by listing detailed duties, responsibilities and expectations. We have included audit team lead job description templates that you can modify and use.

Sample responsibilities for this position include:

Lead audit engagements as outlined above covering the CCB businesses including risk assessment, audit planning, audit testing, control evaluations, report drafting and follow up and verification of issue closure
As a member of the Risk Audit Team in London you will be expected to design and implement the audit program of coverage which involves effective risk assessment and design of a risk coverage approach
Coordination and documentation of Audit Committee meetings
Participate in the location committees (Audit, Control, Risk Management, AML, among others), acting as an SME on internal control
Lead Corporate Sector Compliance audit engagements including risk assessments, audit planning, audit testing, control evaluation, report drafting and follow-up and verification of issue closure
Lead Corporate Sector HR & CAO audit engagements including risk assessments, audit planning, audit testing, control evaluation, report drafting and follow-up and verification of issue closure
Execution of the annual audit plan, including participation in or management of audit engagements, conducting continuous monitoring by maintaining ongoing relationships with business management and review/analysis of key metrics
Oversees the performance management process and ensures that Audit Managers are identifying training and development needs for their respective audit teams
Reviews internal audit reports issued for any SOX implications Actively communicates with SOX team within Finance and external auditor and understands the SOX project from end-to-end perspective
Coordinate Basel related audit coverage

Audit Team Lead Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Audit Team Lead

List any licenses or certifications required by the position: CIA, CPA, PMP, CISA, CFA, PRM, FRM, CA, ICD10

Education for Audit Team Lead

Typically a job would require a certain level of education.

Employers hiring for the audit team 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, Economics, Education, Technology, Auditing, MBA, Technical, Computer Science

Skills for Audit Team Lead

Desired skills for audit team lead include:

Banking regulations
Core banking processes
Accounting policies
Auditing standards
Bechtel Procurement System and Supplier Performance Database
Computer application standards
Laws and regulations applicable to established audit Standards
Subject matter
Supplier Warning and Advisory process
Auditing in the financial services industry and basic accounting principles and related work experience

Desired experience for audit team lead includes:

Bachelor's degree in Finance, Economics, Accounting, or other quantitative discipline
At least eight years of experience in a Financial Services firm or in public accounting, with an appropriate level of exposure to and involvement with Risk management
Knowledge of applicable laws and regulatory requirements such as Investment Advisors Act, Investment Company Act, ERISA and management of fiduciary risk
At least 10+ years of internal audit and/or wealth management experience
4 year undergraduate degree in relevant field
Knowledge of SOX regulation with an emphasis on 404 testing requirements, auditing in the financial services industry, and basic accounting principles

Audit Team Lead Examples

1

Audit Team Lead Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of audit team lead. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for audit team lead
  • Continue to strengthen and manage relationships with senior business leaders and related control groups
  • Conduct performance appraisals for team members and provide ongoing feedback
  • Proactive partnership with the other groups in the AMCB Audit team and the Audit department to deliver a seamless program of audit coverage
  • Lead Chargeback and Revenue Audit Team, ensuring month end closes are completed per schedule
  • Process daily chargeback files from Acquirers
  • Review eligibility of chargeback for representment
  • Collect, prepare necessary documentation necessary defending chargeback dispute
  • Adhere and Maintain extensive knowledge of card scheme rules, regulations, timeframes relating to chargeback, arbitration and compliance cases
  • Maintain and provide detailed reports of all chargeback received and status update
  • Monthly reconciliations between chargebacks received, updates and bank accounts
Qualifications for audit team lead
  • Be prepared to travel to business locations domestically (15 - 25%), with the potential for international travel
  • BA/BS degree with a concentration in Accounting, Finance, Business Management or related field
  • Minimum 8+ years of audit or consumer compliance experience
  • Bachelor degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience
  • Excellent working knowledge of SAP (FICO), MS Word, Excel, Power point
  • 8 to 10 years’ experience in Treasury function ( Forex & Derivatives, Investments, Trade Finance & Long Term Financing) in Large /Mid- Size or Large Corporate , Banks or Audit/Advisory experience in BIG 4 Consulting firms
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Audit Team Lead Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of audit team 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 team lead
  • Ad-hoc duties as assigned by Revenue Audit Control Manager
  • Lead complex operational, financial, and compliance internal audits and special projects while ensuring quality and timeliness
  • Review staff-prepared working papers to ensure they adequately document the nature and extent of the examination and substantiate conclusions reached
  • Develop and communicate audit reports and related findings, risks, and recommendations to audit clients and senior management
  • Continue to strengthen and manage relationships with senior WMIS business leaders and related control groups
  • Set objectives and conduct annual performance appraisals for their team and provide ongoing feedback
  • Leads or participates in comprehensive audits of site organizations to assure program adequacy and implementation effectiveness
  • Identifying and evaluating audit risk areas and provide key input to the development of the annual internal audit plan
  • Establishing the detailed scope and required resources for assigned Audits
  • Organizing the audit logistics
Qualifications for audit team lead
  • Proficient in use of MS Office applications (Excel, Word, PowerPoint )
  • Strong interpersonal skills within the team and with the process owners
  • Minimum 8 to 10 years of post-qualification experience out of which minimum 4 years of relevant experience in Internal Audit within RIL or within a similar company
  • CA / ICWA / MBA from reputed institute or similar educational background
  • Organize and staff audit engagements
  • Proven track record in dealing with Regulators in EMEA such as the UK FSA and Swiss FINMA
3

Audit Team Lead Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of audit team lead. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for audit team lead
  • Identifying, selecting and managing required consultant services
  • Ensuring the audit scope is covered other potential concerns as identified
  • Managing the audit objectively and escalating concerns appropriately
  • Ensuring audit documentation is clear, concise, complete and traceable to requirements
  • Managing information from the audit and utilize established business systems
  • Communicating the results of the Audit to the Site/Area and the GSE Leadership Team
  • Approving and providing follow up and closeout of actions developed to address audit observations
  • Utilizing the established audit program protocols and systems
  • Developing audit program reports as requested covering metrics, controls, practices and compliance status
  • Demonstrating continuous professional development across areas to be audits
Qualifications for audit team lead
  • 5-7 years as an internal or external auditor
  • Public company and/or manufacturing company experience desired
  • CIA, CPA, MBA preferred
  • 45% international travel (~3 weeks per audit)
  • 10+ years extensive knowledge and experience (including auditing) of fiduciary business activities / product areas relevant to private banking
  • Extensive knowledge and experience on the trust account administration, mortgages and credit products including their regulatory framework
4

Audit Team Lead Job Description

Job Description Example
Our company is looking for an audit team lead. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for audit team lead
  • Team lead of a grants audit team
  • Audit of state agencies, local government, and non-profit entities as they relate to grant operations
  • Review client program and financial documentation, perform testing, record detailed results of testing, and communicate with the client
  • Documentation of key control testing in standardized work papers
  • Communicating findings with process owners
  • Reviews editor for claims being processed by Clearing House for resubmission
  • Assists with periodic coding and compliance audits, including but not limited to the CBO Quarterly QA Audits
  • Assist Coding Manager in training new employees
  • Adheres to American Anesthesiology, Department and HR policies and procedures
  • Oversee the day-to-day operations of all documentation and coding audit processes the coding analysts and coordinators' activities
Qualifications for audit team lead
  • A four year college or university degree and/or relevant auditing and systems experience is required
  • Requires 3 to 4 years of experience in a financial institution
  • Prefer CPA, CIA or any other relevant certifications, a plus
  • Must be a self-starter and excel in time management
  • May provide leadership, coaching, and/or mentoring to team
  • Knowledge and, preferably, experience of relevant Investment Management, Wealth Management and Commercial Banking business and products
5

Audit Team Lead Job Description

Job Description Example
Our growing company is looking for an audit team lead. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for audit team lead
  • Perform quality assurance reviews of coding analysts' audit findings, which may include pulling samples of unsubstantiated diagnoses in order to validate the accuracy of the reviews
  • Conduct periodic
  • Develop and implement processes and workflows around the execution of audits
  • Directly manage team of Corporate Technology Auditors across multiple global locations
  • Combine knowledge of Corporate Technology and firm wide Technology activities to recommend best practice solutions to complex issues
  • Coordinate and conduct credentialing audits
  • Analyze provider files for completeness, accuracy, consistency, gaps in work history, relevant references, Identify issues and initiate further data collection as needed
  • Prepare credentialing audit reports
  • Track and trend auditor findings and administer appropriate staff education
  • Manage multiple concurrent audits, plan audits and related projects, make judgments around objectives and scope and ensure effective and efficient execution
Qualifications for audit team lead
  • At least three years of experience leading environmental or safety compliance programs
  • Ability to communicate clearly, concisely and accurately both in writing and orally
  • Ability to analyze a wide range of operational and regulatory data and draw appropriate conclusions
  • Professional certifications in the safety, environmental or auditing fields
  • Demonstrated project management and budgeting skills
  • At least eight years of experience in a Financial Services or public accounting firm, with an appropriate level of exposure to or involvement with Risk Management such as Market or Valuation risk through either functional, product control or markets audit experience

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