Director, Audit Job Description

Director, Audit Job Description

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Director, audit provides thought leadership to executive management and the internal audit team in terms of leading internal audit and internal control practices.

Director, Audit Duties & Responsibilities

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

Sample responsibilities for this position include:

Actively participate in/lead annual enterprise-wide risk assessment discussions, and develop audit plan for accountable business units/functions
Assist Senior Vice President in the performance and delivery of an annual enterprise-wide Risk Assessment
Lead IA’s performance and delivery of an annual IT related Risk Assessment
Report to audit committee on financial risk assessment and controls program activities
Manage the SOX compliance program efforts, outside auditor relationship and continuously assist in improving internal controls of existing company entities and newly acquired entities while effectively managing and developing the team of internal audit professionals
Provide counsel on new business developments, new system implementations and other strategic initiatives to ensure internal controls are considered and designed into the process, thus ensuring the likelihood of success
Oversee definition and execution of Audit's enterprise risk assessment and annual audit planning programs
Direct the overall execution and completion of concurrently assigned large and/or complex audit projects in accountable business units/ functions in a quality and timely manner
Ensure effective reporting of audit results, monitor business unit manager implementation of corrective risk reduction plans, and follow up to measure the success of plans and actions taken
Work with Chief Audit Executive and other Directors to develop improved audit techniques and furnish uniform direction to the professional staff

Director, Audit Qualifications

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

Licensing or Certifications for Director, Audit

List any licenses or certifications required by the position: CPA, CISA, CIA, CISSP, CFE, CRCM, CA, CBA, PMP, AHIMA

Education for Director, Audit

Typically a job would require a certain level of education.

Employers hiring for the director, 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, Business, MBA, Education, Business/Administration, Information Systems, Management, Computer Science, Information Technology

Skills for Director, Audit

Desired skills for director, audit include:

Data analysis tools and techniques and decision-making abilities
Audit methodologies
Risk assessment
Audit methodology and audit execution
Control frameworks and risk management techniques
Data analytics
Internal controls
Control frameworks
Financial and banking regulations
GAAP

Desired experience for director, audit includes:

Stay abreast of organizational, regulatory, product, strategic, and financial changes and/or trends impacting accountable business units/functions
Direct the audit focus onto key risks and ensure efficient and effective delivery with the highest quality, in accordance with professional standards and audit policies and practices
Maintain business knowledge, and develop plans for emerging risks in accountable business units/functions
Maintain key business management relationships and work with management in a collaborative way to provide control advice and issue trends
Participate in meetings with the independent public accountants and/or regulatory examiners during reviews of audit work to explain work performed, scope, issues identified or other matters
Inspire and challenge audit teams to achieve excellent performance

Director, Audit Examples

1

Director, Audit Job Description

Job Description Example
Our company is searching for experienced candidates for the position of director, audit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for director, audit
  • Directing / supervising / implementing the execution of the audit plan and ensuring effective audit practices for traditional and continuous audits
  • Generation of continuous audit monitoring techniques
  • Audit coverage and insight of control environment impacted by FBO and CCAR
  • Continually risk assess coverage portfolio and adjust plan to meet areas of highest risk
  • Nteract with Audit project team members in working towards Departmental goals
  • Direct audit activities supporting a sub set of a product line, function, or legal entity
  • Provide valued and timely independent assurance on the design and operating effectiveness of a sub set of a product
  • Deliver high quality comprehensive regulatory and internal audit issue validation
  • Lead the delivery of high impact reports of IA's contributions to executive management
  • Lead multiple teams of professionals
Qualifications for director, audit
  • The ability to develop healthy, deep relationships with all levels of the business
  • 8+ years of relevant experience, particularly international experience
  • Extensive knowledge of new and emerging financial products and services
  • A current Series 99 License, or the ability to pass the Series 99 Registration exam within 120 days of start date
  • Identify recruitment needs
  • Deliver learning and development programs
2

Director, Audit Job Description

Job Description Example
Our innovative and growing company is hiring for a director, 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 director, audit
  • Responsible for developing and managing our audit methodology regarding client IT controls in our audit engagements
  • Responsible for training both audit teams and IT personnel who are involved in performing IT reviews
  • Responsible for monitoring performance and developing remedial solutions to identified issues
  • Collaborate directly with client service teams to identify and address needs related to IT risks
  • Develop, manage, and grow ongoing consultative relationships to achieve high levels of client satisfaction
  • Direct the creation of high quality deliverables to communicate the status of engagements, key issues and work plans
  • Mentor and lead staff in the development of the IT audit practice
  • Review the quarterly status of outstanding issues as assigned for inclusion in reports to management and the
  • Ensure delivery of consistent and standardized methodology for data quality, data governance, data quality lifecycle, mitigating actions, including the application and compliance with the the company's' capital program policies, processes, controls, standards, methodologies and framework, other regulatory data requirements
  • Regularly interacts with management, peers, external auditors and regulators (Federal Reserve, SEC, FINRA)
Qualifications for director, audit
  • Strong leadership and superior communication skills
  • Coordinate with external auditors, business partners and Audit Committee to achieve above objectives
  • Foster open-ended, real-time dialogue with key groups regarding risks and controls
  • Strong knowledge of CFO business lines and subject matter expertise in Audit or Risk Management
  • Demonstrated understanding of stress testing concepts and capital adequacy components
  • Expert ability to write clear, concise audit reports internal and external communication
3

Director, Audit Job Description

Job Description Example
Our growing company is hiring for a director, 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 director, audit
  • Define audit projects and programs to evaluate the existence of internal controls, the adequacy, effectiveness and compliance with existing controls and the protection of Company’s assets
  • Participating in key governance and oversight committees surrounding risk and control management
  • Managing audit staff, including providing timely and candid feedback and coaching
  • Assisting in the recruitment and development of talent
  • Partner with corporate and segment executive leadership in identifying the company’s strategic, operational, financial and compliance risk areas and provide internal audit services to help management effectively manage those risks
  • Prepare and execute an annual internal audit program sufficient in scope to meet the requirements of the Audit Committee, the external auditors and management
  • Develop internal audit professionals to provide superior internal audit and risk management services and prepare them for significant financial and operational managerial positions within the company when such opportunities arise
  • Test and assess controls over fraud, including compliance with the Foreign Corrupt Practices Act
  • Develop, enhance and apply the audit approach considering new auditing techniques and technology, and develop appropriate follow-up procedures for issues previously identified
  • Participate in the quarterly balance sheet reviews and other quarterly procedures and provide review comments on Form 10-Q and Form 10-K documents prior to their filing
Qualifications for director, audit
  • Minimum of 9 years of audit experience in public accounting required
  • Professional certification in at least one related discipline
  • Professional certification such as CISA, CRISC, CIA, CRMA, CISSP, and/or CPA
  • Establish relationships with a broad array of business and technology professionals at all levels
  • Excellent communication and interpersonal skills, including strong writing skills, particularly as related to audit reports and management presentations
  • Knowledge of systems (LifeComm, TSO, IMPACE, AWD, and web based programs used by the field)
4

Director, Audit Job Description

Job Description Example
Our company is growing rapidly and is hiring for a director, 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 director, audit
  • Oversee the development of a data analytics and continuous controls monitoring program utilizing IDEA
  • Implement action plans related to risk assessment and annual planning, audit execution, audit reporting, staff recruiting and development, audit technology, and Audit Committee reporting
  • Inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention
  • Lead scoping efforts for management's SOX assessment and create report on final assessment of internal controls over financial reporting for the fiscal year-end for management's review
  • Perform Internal controls assessments of acquired companies or joint venture companies and lead efforts to mitigate identified control deficiencies
  • Work with key staff members and business unit management as needed
  • Develop and foster working relationships, focusing on the identification of solutions to issues and continuous improvements in business processes
  • Provide thought leadership, continuous improvement and innovation
  • Identify, recruit talent
  • Develop strategies and risk-based audit plans
Qualifications for director, audit
  • Senior level individual with experience in related business, relevant management skills
  • Passed relevant certifications (CPA, ACA, CFA, CIA, CISA)
  • Understanding of SOX compliance will be a plus
  • Subject matter expert of IT general controls
  • Advanced technical knowledge and experience with the following operating systems and database platforms
  • Bachelor’s degree in Accounting (MBA or Master’s Degree in Accounting, Finance and/or Information Systems is a plus)
5

Director, Audit Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of director, audit. 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 director, audit
  • Provides ongoing evaluation of systems of internal control and performs a quarterly review of internal controls certifications prepared by management, a summary of which is reported to senior management and the Audit and Risk Committee to augment compliance with Section 302 of the Sarbanes–Oxley Act
  • Perform asset valuation studies and other merger/acquisition due diligence reviews, as required
  • Directs the performance of Financial, Operational, Compliance and Information Technology audits to ensure controls are adequate, business risks are identified and assures adherence with applicable laws and regulations such as the Sarbanes Oxley Act, Company policies and procedures, Generally Accepted Accounting Principles, and generally accepted internal control standards such as COSO and COBIT
  • Consults in the development of new business or system processes
  • Directs an annual audit plan based on an evaluation of risks within the Company, the objectives established by the Audit Committee of the Board of Directors
  • Understands and applies advanced audit techniques (e.g., risk assessments, analytical review procedures, statistical sampling, and data analysis tools) to the audit process
  • Presents audit findings effectively to Business Unit management and Senior Management
  • Manage and coordinate the execution of audits across the business
  • Lead the strategic direction of the internal audit function for the company
  • Assist management to ensure proper risk coverage by preparing a comprehensive audit plan
Qualifications for director, audit
  • In charge of development of audit plan in accordance with the legal framework group regulations
  • Minimum 10 years of audit experience in a “Big Four” or large regional public accounting firm and/or a large public company environment
  • CPA, CIA, CISA or other relevant professional certification
  • Exhibit confidence in interacting and developing effective relationships with senior levels of management, the Audit Committee, the Board of Directors and external auditors
  • Overall travel is typically less than 25%
  • Certified Public Accountant or Certified Internal Auditor or equivalent required

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