Chief Auditor Job Description
Chief auditor
provides independent assurance to the board of directors and senior management on the design and operating effectiveness of controls, implementation and execution of the enterprise's core business processes and risk management framework (including risk profile, risk appetite, and compliance practices) by assessing the risk, including emerging risks and top risks associated with the organizations current material processes, product lines, services, and functions.
Chief Auditor Duties & Responsibilities
To write an effective chief auditor job description, begin by listing detailed duties, responsibilities and expectations. We have included chief auditor job description templates that you can modify and use.
Sample responsibilities for this position include:
Stay up to date with evolving accounting, regulatory and market developments impacting the CIO and Treasury financial units
Monitors compliance with generally accepted accounting principles (GAAP) and company procedures
Provide timely and effective communication of audit results and the status of outstanding issues to management, the Audit Committee and regulators
Plan and execute all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, audit reporting, work paper documentation, and verification of issue / action plan closures
Build internal audit function within the Company including coordinating a smooth transition from current externally run internal audit function
Develop and execute a risk-based operational audit plan, including tracking audit findings through to remediation assessing impact of findings on internal control environment and impact, if any, on financial statements
Managing the audit team so it is resourced with appropriately skilled personnel
Acting as a role model for the Global Markets team and the wider GA team
Execute day-to-day operational audit work and contribute to the delivery of audits (including risk assessment profiles and business monitoring)
Plan audits documenting activity flows of the processes to be reviewed, identify risks and the key actual controls in place to mitigate the identified risks and attend meetings with internal stakeholders as and when required
Chief Auditor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Chief Auditor
List any licenses or certifications required by the position: CPA, CISA, CIA
Education for Chief Auditor
Typically a job would require a certain level of education.
Employers hiring for the chief auditor job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Education, Auditing, Business, Public Administration, Economics, Information Systems, Management, Graduate
Skills for Chief Auditor
Desired skills for chief auditor include:
Accounting
Assess complex projects
Bank's Compliance Framework
Bank's organizational structure business practices
Banking and the financial services industry particularly securities products
Changing business and regulatory risk profiles and concurrent adjustment of audit priorities to address emerging risks
Computer systems/applications
Credit
Culture
Current and future auditing practice environment
Desired experience for chief auditor includes:
Ability to question assumptions and anticipate issues before they arise
Mature, self-motivated and enthusiastic, with strong business-focused performance discipline
The position acts as the HBCA expert in a unique discipline
Requires a broad knowledge of the organization’s operations including the branch network, subsidiary businesses, Head Office control and support functions products and services
Excellent interpersonal skills to deal effectively with staff, Senior Management, the Audit Committee, OSFI, CDIC, Group and external auditors
Maintain or enhance professional development
Chief Auditor Examples
1
Chief Auditor Job Description
Job Description Example
Our innovative and growing company is hiring for a chief auditor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for chief auditor
- Execute audit fieldwork in line with the agreed audit approach documenting Activity Flows, identification of key risks, testing of key controls to determine whether they are properly designed and are operating effectively and documenting work in accordance with divisional standards
- Review and provide expert opinions on action plans provided by clients, helping them develop robust remediation plans
- Complete all assigned audit work in line with agreed budgets, including ad hoc projects and special investigations
- Act as a competent partner and challenger to clients in the closure process of findings
- Communicate openly with divisional management and internal stakeholders
- Present complex and sensitive messages (such as audit issues) comprehensively, professionally and reduce complex topics to simple statements
- Participate in exit meetings as required
- Proactively keep abreast of pertinent industry, regulatory and business practices
- Oversee income auditor and ensure accurate book keeping by checking figures, postings, and documents for correct entry, mathematical accuracy, and proper codes
- Reconcile and record daily bank transaction and cash related transaction
Qualifications for chief auditor
- Ability to successfully navigate complex institutions, with a focus on how to get things done
- History of operating with the highest level of integrity, combined with a low ego and strong team ethos
- Participate in professional organizations and activities, as applicable, external to direct OJD responsibilities
- Have professional certifications, such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Information System Auditor (CISA) or Certified Fraud Examiner (CFE)
- Have public sector auditing experience
- Have experience conducting audits in accordance with standards set by the IIA, GAO, and ISACA
2
Chief Auditor Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of chief auditor. 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 chief auditor
- Reconcile and process group commissions to travel agency
- Assist in monthly financial close by analyzing and reviewing balance sheet accounts, and ensuring financial transactions were recorded accurately
- Prepare income reporting and cash deposits in the absence of the income auditor
- Respond to client phone calls and email inquiries
- In absence of payroll manager, may assist with payroll and monthly verification of incentives, overtime, and monthly accrual for staff benefits & make general entries
- In absence of general cashier, may be responsible for daily petty cash handling, reconciliation and timely submission of petty cash expenses for approval & reimbursement of petty cash
- Responsible for verification of income auditing, receivables & debtors reconciliation
- Prepares work papers and supporting schedules for the annual financial review
- Coordinate monthly closing process and reconciliation of general ledger accounts
- Work with both internal and external auditors during financial and operational audits
Qualifications for chief auditor
- The candidate will be required to complete all work assigned to him/her timely
- Successful candidates will be self-starters, combining enthusiasm for the role with the ability to work in partnership with the other audit teams across the globe in delivering one face to our clients
- The candidate should have a clear understanding of differences between independent oversight, supervision and execution responsibilities and have a proven track record of building effective relationships, including at senior management level
- Strong understanding of front to back end processes
- Understand the client’s marketplace and respond to expectations
- Innovative mindset and develop ideas, which are implemented and have a positive impact
3
Chief Auditor Job Description
Job Description Example
Our growing company is looking for a chief auditor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for chief auditor
- Maintain system of accounts and keep records on all company transactions and assets
- Identifies and makes provisions for the use of appropriate measuring and test equipment
- Applies special knowledge and Initiates development and continuous improvement of quality processes and procedures
- Performs failure investigations/analysis and failure reporting product audits
- Develops inspection standards for use by inspectors and suppliers
- Ensures all revenues generated in the Hotel are recorded timely, accurately, properly valued, correctly classified and discrepancies are reported on a timely basis
- Perform field audit as required by policies and audit on loyalty program
- Write up SOP as and when needed to improve the control environment
- Follow up on internal audit issues
- Perform completion of daily reporting and daily packs for signoff
Qualifications for chief auditor
- Able to multi-task assignments and prioritize workload with limited supervision and be resilient under pressure and able to deliver to deadlines
- He/she will be flexible, pro-active, self sufficient and innovative with strong organizational skills to take ownership and responsibility of agreed targets and meet them within budget to enable a timely and efficient completion of audit projects
- BA/BS plus 15+ years of experience
- Able to work in virtual, global teams in a matrix organization, transfer knowledge and develop capability of team members
- Ability to supervise audit staff
- Proficiency in risk assessment, issue/impact analysis and issue writing
4
Chief Auditor Job Description
Job Description Example
Our company is hiring for a chief auditor. 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 chief auditor
- Lead or assist in audit projects from planning to reporting with limited supervision, accountable for delivering a quality product in line with department and professional standards and expectations, including management to timeframe and budget targets for assigned audit work, fulfilling documentation quality standards and utilizing consistent methodology
- Be flexible and adaptable to dynamic and changing work environments, including minimal travel to other countries as part of regional audit engagements
- Evaluating the adequacy and effectiveness of internal controls relating to Compliance & Regulatory risks, specific to Conduct related designated market activities, in accordance with Group Audit methodology and the established risk assessment framework
- Executing Conduct related Compliance and Regulatory risk assessments for the UK region
- Undertaking audit assignments, draft audit issues for review by audit management, conduct tracking of audit findings and validate closure of audit findings
- Liaising with Corporate and Investment Banking Conduct Team to provide input on Conduct related matters and audits
- Assisting in training other Group Audit staff on Compliance & Regulatory topics
- Developing and maintaining broad regulatory knowledge and experience, focusing on Conduct related events
- Staying abreast of business/industry changes and their effect on the team’s audit plan, audit methodology and risk assessments
- Ability to work in an integrated manner with fellow team members both locally and globally
Qualifications for chief auditor
- Experience interacting with regulators is a plus
- Ability to work extended hours, weekends, holidays are sometimes necessary (month end report preparation)
- Participate in Lobby Ambassador coverage as required
- Strong knowledge and experience in QA and ability to act as a resource for colleagues
- Solid experience in failure investigations/analysis and failure reporting
- Knowledge of how the products interface with mating parts, the critical nature of the product, and the consequence of its failure to perform to its intended function
5
Chief Auditor Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of chief auditor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for chief auditor
- Completing all work assignments on a timely basis - including planned audits, ad hoc projects and special investigations
- Assist the Director of the Office of Unclaimed Funds in developing long and short term strategic plans and carrying out activities related the Office’s mission
- Work with the Director and legal staff to prepare materials for informal hearings or further legal action
- Provide guidance and direction in making recommendations for possible change in policy or law to increase the coverage and effectiveness of the law
- Assist the Director in developing budget requests, financial and management reports
- At the request of the Director, represent the Office in public forums including media events and by attending and presenting at national associations and conferences
- Execute audit testing and co-ordinate with team members to ensure audit fieldwork is focused on the right areas and documentation meets high quality standards
- Prepare commercially effective audit conclusions and findings, and present to GA senior management and business clients
- Participate in department-wide initiatives aimed at continually improving GA’s processes and supporting infrastructure
- Lead and project manage large and complex global technology audits end to end in accordance with department and professional standards
Qualifications for chief auditor
- Must be highly analytical and computer literate (Excel & Powerpoint)
- Self-motivated, self-starter and takes initiative to implement and lead direction / actions
- Creative and with an eye for details
- Experience of auditing Treasury and/or Markets businesses (preferably Fixed Income products) within CIB
- Good technical knowledge of CIB products in general, with exposure to derivative products desirable
- Minimum 5 years of relevant experience preferably in the hospitality industry