AVP, Internal Audit Job Description
AVP, internal audit
provides administrative and technical support for applications and systems used within the audit function including SharePoint, audit management system(s), ACL, and Microsoft Office.
AVP, Internal Audit Duties & Responsibilities
To write an effective AVP, internal audit job description, begin by listing detailed duties, responsibilities and expectations. We have included AVP, internal audit job description templates that you can modify and use.
Sample responsibilities for this position include:
Demonstrate good knowledge of risks and related impacts for assigned areas
Fiduciary/Regulation 9 experience Certified Fiduciary & Investment Risk Specialist designation are preferred
Communicate audit results and issues effectively, verbally and in written form, articulate complex issues and themes to senior level stakeholders
Assist the Head of Internal Audit to define and update the annual and long-range internal audit plans based on annual assessment of operational, financial, IT and compliance risks and to develop presentations to senior management and the Audit Committee
Drive the completion of core activities including internal audits, special projects, SOX and Dodd-Frank internal control processes
Continually obtain a deep understanding of business, IT, financial and regulatory areas to identify and assess risk
Approve the planning and communication of the detailed internal audit scope each year and for each audit, special project, and the SOX and Dodd-Frank internal control programs
Manage all aspects of communication with auditees which include our preliminary understanding of their business, audit findings on processes not meeting objectives and formal reporting
Meet with all levels of auditee management team to understand key activities and changes in the environment
Ensure completion of audits, SOX and Dodd-Frank internal control activities and special projects by stated due dates and budgets
AVP, Internal Audit Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for AVP, Internal Audit
List any licenses or certifications required by the position: BS, CAMS, CISA, CPA, CRCM
Education for AVP, Internal Audit
Typically a job would require a certain level of education.
Employers hiring for the AVP, internal audit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Graduate, Education, Technical, Business, Auditing, Management, Computer Science, Technology
Skills for AVP, Internal Audit
Desired skills for AVP, internal audit include:
Current regulatory framework for financial services and banking industry
Investment Banking products
Risks and related impacts for assigned areas
Specifically
Accounting policies
Audit practices
Charting and graphing
Microsoft Office applications
Pivots
PowerPoint skills used in creating various reports for senior management
Desired experience for AVP, internal audit includes:
Update Internal Audit policies and procedures based on process improvements, changes within the profession, regulatory changes
Lead and develop the team of Managers, Seniors and Staff (e.g., training, mentoring, coaching, performance evaluations, ) and 3rd party professionals (specialists) with varying backgrounds (e.g., Financial, IT, public accounting, private industry, ) in completing the internal audit activities
Provide formal training to the team on internal audit standards, business processes
Manage the planning, scoping, and execution of audits and projects
Ensure audit testwork, including documentation and reporting, is executed in accordance with department and professional standards and completed timely
Assist staff in the identification, validation, and effective communication of audit issues
AVP, Internal Audit Examples
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AVP, Internal Audit Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of AVP, internal audit. 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 AVP, internal audit
- Provide staff training and support in audit methodology and/or specific technical areas as needed
- Manage and track staff (direct reports) performance to agreed-upon goals and provided regular feedback
- Mentor Senior and Staff level auditor on assigned projects
- Contribute to overall develop & execution of group audit plan
- Participate in recruiting, on-boarding & development of Senior and Staff level auditors
- Lead ad hoc initiatives that impact Internal Audit as a whole
- Maintain professional skills through on-going education and training activities to support company needs
- Lead and execute multiple projects simultaneously
- Perform enhanced issue validation work for high priority and all regulatory issues
- Provide support coverage for various audit areas
Qualifications for AVP, internal audit
- Collaborate with other members of the company on a daily basis
- Manage the planning, budgeting, scope, execution and delivery of change assurance and global audits
- Document and complete assigned audit work within budgeted time constraints
- Advise senior audit management of ongoing issues and emerging risks
- Liaise and direct the global audit team in the execution of risk audits during the audit
- Raise, draft and clear audit observations with stakeholders
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AVP, Internal Audit Job Description
Job Description Example
Our growing company is looking to fill the role of AVP, internal audit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for AVP, internal audit
- Review risk management policies and procedures to ensure effective risk mitigation
- Stay up to date with the global regulatory and market environment, especially as it pertains to Asset Wealth Management
- Effectively communicate and interact with executive management across all levels
- Conduct credit & AML process audits of Corporate Banking, Private Banking and audit of the full suite of branch activities for International Branches
- Plan and coordinate the entire end-to-end audits, including working closely with the credit process & GTS audit teams to ensure thorough end to end audits
- Evaluate the design and operating effectiveness of processes and controls
- Develop appropriate tests to be conducted and ascertain the level of testing of controls required
- Escalate issues appropriately and timely
- Complete audits effectively and within established timelines
- Support the Team Manager in the preparation of the quarterly updates to Audit Committee
Qualifications for AVP, internal audit
- Integrity – Act fairly, ethically and openly in everything you do
- Ability to quickly develop a good understanding of the corporate functions and business units, industries and competition
- Demonstrates appropriate and effective business writing, , audit reports and memos
- Demonstrates appropriate and effective business writings, , audit reports and memos
- Degree qualification, with minimum 7 years of relevant auditing/accounting experience
- Innovative and creative mindset and the ability to challenge status quo
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AVP, Internal Audit Job Description
Job Description Example
Our growing company is looking for an AVP, internal audit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for AVP, internal audit
- Effectively communicate results and trends to the Regulatory Compliance Committee of the Board and to Benefits management for follow-up and providing actionable feedback and recommendations for improvement in Benefits Center processes
- Drive enhanced communication with the Benefits organization, regulators, and other partners
- Identify, maintain and monitor the staffing strategy for the department (20+ professionals) given the scope of work
- Attract, hire, retain and develop high performing and appropriately experienced resources
- Create, manage, interpret and publish regular claims audit metrics and trend analyses reports
- Create, manage and publish accurate, effective and regular materials for review by the Regulatory Compliance Committee of the Board and report in person when requested
- Ensure assigned audit goals / objectives are accomplished within prescribed time frames and parameters, and in compliance with the Audit Plan
- Acts as a subject matter expert in relation to products, distribution, regulatory requirements and operational and financial service activities across the North American business
- Actively engages with peers in the internal audit industry to understand industry expectations and regulatory requirements and influence industry challenges and strategies
- Engages with regulators regarding product, distribution and operations related Internal Audit work
Qualifications for AVP, internal audit
- Work with peers to ensure adequate coverage and effective use of tools and techniques for data risks and controls in audits across the division
- Work closely with Director US Risk & Capital Audit and AVP Models, Market Risk & Capital Audit to recommend an integrated audit plan to the VP
- Work closely with ORM and OCDO to align risk assessment and taxonomy for data risk management
- Identify issues, and design and prepare reports on the state of data risks and controls for Audit Committees and Senior Management for TDBG and TDB
- Keep abreast of current industry and regulatory developments on data risk and respond on a timely basis to ensure TDBG and TDB meet expectations
- Build strong relationships with clients, regulators and external auditors
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AVP, Internal Audit Job Description
Job Description Example
Our innovative and growing company is hiring for an AVP, internal audit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for AVP, internal audit
- Creates and implements the North American and global GwIA strategy and related yearly enhancement plan with the VP & Chief Audit Executive and other Internal Audit leaders
- Contributes to the overall knowledge and expertise of the global GwIA team through education of the local and global Group-wide Internal Audit teams on North American product, distribution and operations related topics, participation in global GwIA subject matter expert calls and input into global audit work
- Continually assesses business risks in conjunction with changes in the business and external environment, including regulatory pressures, market movements and developments in internal audit expectations and standards
- Partners with Internal Audit team leaders to drive the development of the annual risk-based audit plan, and its half-year refresh, which are aligned to business strategy
- Prepares and presents materials to North American executive management, Boards and Audit Committees and to the global GwIA Leadership team, as needed
- Actively engages with members of the Group-wide Internal Audit team and senior management, independently responding to the highest level of inquiries
- Attends high-level business forums and working groups, including those related to products, distribution, regulatory and operational activities
- Manages the delivery of a portfolio of varied audit assignments on time and to quality and budget requirements
- Oversees targeted work of Audit Managers and Audit Directors and ensures its alignment with regulatory expectations, industry best practices and internal audit standards
- Manages, coaches, develops and mentors audit team leaders within a matrix structure
Qualifications for AVP, internal audit
- Knowledge of Canadian Banking rules and regulations knowledge of the rules and regulations of the Canadian regulators
- Good hands-on experience in working with relational databases (in creating DDLs and Access paths – DCL)
- Strong practical knowledge of risk and control in technology infrastructure including processes for managing and maintaining infrastructure
- A working experience covering fiduciary activities in financial services industry, Chartered Financial Analyst (CFA) or Certified Fiduciary and Investment Risk Specialists (CFIRS) will be a plus
- Strong knowledge of Asset Wealth Management business and Corporate Sector functions will be a plus
- Minimum 1O years' assurance, consulting or other relevant professional experience in wide-ranging areas, such as finance, treasury, operations, information technology and regulatory compliance
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AVP, Internal Audit Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of AVP, internal audit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for AVP, internal audit
- Leads and shapes the on-going development of processes and internal controls which mitigate the key business risks across North America
- Handle day to day management of the internal audit function and supervision of a 2-4 person audit team reporting into this position
- Effectively collaborate with key IT business partners, including identifying and addressing needs through strategic risk and control advice
- Provide oversight and direction during all phases of the internal audit process
- May provide direction and/or oversight to the Enterprise Risk Analytics team that provides analytic support to each of the departments within Enterprise Audit
- Foster an atmosphere of trust
- May perform other duties as necessary
- Analyze and document operational and financial reporting processes, identification of process risks and mitigating controls
- Test key controls and assist on implementing remediation worldwide
- Verify adherence to policies and assess how effective procedures, control and systems are to support such policy on a daily basis
Qualifications for AVP, internal audit
- Business Degree with more than 5 years of relevant financial services experience with investment banks preferred
- Exposure to Treasury and Market (T&M) trading and sales environment is required for this role
- Exposure to AI, data analytics and internal audit will be a plus
- A financial institution audit or consultancy background is preferred though not mandatory
- Accounting or internal audit qualifications (ACA, ACCA, CPA, CIA or CISA) are strongly preferred
- 3+ years of Capital Markets and/or Operations industry experience