VP, Internal Audit Job Description
VP, internal audit
provides expertise and guidance in the International Professional Practices Framework of the Institute of Internal Auditors, Sarbanes-Oxley requirements, controls frameworks, large bank holding company operations audit standards, and FRBB, OCC and other regulatory agencies.
VP, Internal Audit Duties & Responsibilities
To write an effective VP, internal audit job description, begin by listing detailed duties, responsibilities and expectations. We have included VP, internal audit job description templates that you can modify and use.
Sample responsibilities for this position include:
Execute audits from initiation to completion including executing and documenting detailed walkthroughs of key processes to identify internal controls, developing, executing and overseeing substantive testing of control and related procedures, and ultimately reporting identified issues
Enhance, implement and streamline leading audit practices, processes and strategy across the Americas
Identify opportunities to streamline audit policies and methodologies across the regional audit groups within the Americas
Perform ongoing analysis of audit practices (methodology, annual planning, risk assessment, cycle, MIS reporting)
Present areas and opportunities for alignment and then recommend and implement changes
Assist Head Office and the local Holding Company in developing, analyzing and evaluation of reporting (along a common taxonomy) for critical issues identified the Americas offices
Interface between Head Office and the local Holding Company, including responding to requests
Participate in Head Office and the local Holding Company initiatives / activities together with peers at affiliates
Assist in the development and execution of an integrated Americas Quality Assurance program together with peers at affiliates
Develop enhancements and coordinate / deliver methodology training
VP, Internal Audit Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for VP, Internal Audit
List any licenses or certifications required by the position: CPA, CISA, CIA, CISSP, ACCA, ACA, CISM, PMP, AWS, CFA
Education for VP, Internal Audit
Typically a job would require a certain level of education.
Employers hiring for the VP, 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 Finance, Accounting, Graduate, Business, Computer Science, MBA, Business/Administration, Education, Information Systems, Technology
Skills for VP, Internal Audit
Desired skills for VP, internal audit include:
GAAP
Internal controls
FINRA
Financial systems and related technology
Implementation and testing compliance with the Sarbanes Oxley Act
Internal control and risk frameworks/standards
OCC regulatory requirements
SEC
Auditing practices
Cyber / information security
Desired experience for VP, internal audit includes:
Contribute on select Audit/Review projects
Effectively manage projects and contribute to the overall advancement and integration of core strategic objectives across the Americas region
Provide thought leadership in audit best practices
Assist, and at times, direct methodology enhancements
Communicate effectively with senior peer and senior team management regionally and globally
Regulatory capital calculations
VP, Internal Audit Examples
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VP, Internal Audit Job Description
Job Description Example
Our company is hiring for a VP, 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 VP, internal audit
- Coordinating with compliance regarding firm wide compliance issues and projects
- Assumes leadership role on department audits – reviews, guidance
- Reviews audit reports
- Leads activities and sourcing of external auditors
- Lead and Participate in planning and scoping reviews
- Conducts regular conferences with Sr
- Assist in the development of our audit procedures
- Support the APAC leadership team in driving and implementing Internal Audit and Practices Target Operating Models, formulation of business control initiatives, and identification of risks/opportunities
- Promote and implement Global Practices Strategy, methodology, training, regulatory engagement, and MIS reporting
- Review monthly audit metric reporting to ensure data accuracy before APAC management committees meetings, highlight trends and identify improvements areas to achieve efficiencies
Qualifications for VP, internal audit
- Serves as the Supervisory Committee liaison
- The applicant should also be familiar with credit union core computer systems, internet security protocol, AML computer systems, I.T
- Must be able to communicate effectively at the a high level with senior management and Administration, with the Supervisory Committee, Board of Directors, government regulators, attorneys, law enforcement, and with others within and from outside the credit union industry
- Have outstanding verbal and written, in person communication skills for correspondence at all levels and over other mediums
- Must have a valid CA Class C driver’s license
- Bachelor’s Degree in Business Administration, Finance/Accounting or Information Systems is required
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VP, Internal Audit Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of VP, internal 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 VP, internal audit
- Provide concise audit findings, present reports on a timely basis, and deliver the audits to completion within established timelines
- You will do financial budget monitoring and gatekeeper of expenses approval
- You would look over the administrative assistants in the region
- You will plan long term real estate needs in various APAC offices
- Oversee the execution of major segments of the Internal Audit Annual Audit Plan, ensuring high professional standards
- Review models and corresponding validation of Market Risk VAR models, Market Risk Pricing models, Counterparty Credit Risk models, and Liquidity Risk behavior models
- Identify, analyse, communicate and report audit findings/recommendations clearly, accurately and objectively
- Implement audit-related initiatives
- Develop strong professional relationships within and across audit teams with key stakeholders
- Oversee the successful development and execution of an adaptive risk-based internal audit plan
Qualifications for VP, internal audit
- International work experience and FCPA, HIPPA and privacy regulation assessment and audit experience a plus
- Collaborate and support the Director to define the appropriate coverage strategy and audit plan for Investment banking businesses, taking into consideration the Audit Risk Appetite, the current and expected business environment, the regulatory requirements and the resourcing levels within the Function
- Interact with people in a manner which shows sensitivity, tact and professionalism
- Possess and maintain the highest degree of security and confidentiality of information
- Proficiency with Microsoft Office applications and SAP or comparable ERP system is required
- Minimum of 10 years of experience, preferably in Audit
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VP, Internal Audit Job Description
Job Description Example
Our innovative and growing company is looking for a VP, 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 VP, internal audit
- Reviews and perform audit procedures to determine the strength of internal controls and to ensure procedures are being followed to preserve the integrity of all transaction types
- Coordinates with external auditors to prepare the attestation of management assessment on internal controls in accordance with Section 404 of the Sarbanes-Oxley Act
- Provide support and leadership on the department professional practices quality program
- Oversee departmental administration metrics and quality practices, including the internal QA program, budgeting, and AOP development
- Supporting development and evolution of CAS’ continuous auditing and data analytics programs
- Conduct end-to-end audits of Global Transactions Services (Trade, Cash & Securities and Fiduciary Services) – risk, product and processes regionally
- Plan and coordinate end-to-end audits, including reporting within established timelines
- Evaluate the design and operating effectiveness of processes and controls and develop appropriate tests to be conducted and ascertain the level of testing of controls required
- Keep abreast on the development of regulatory, industry and product development through continuous monitoring and auditing
- Provide an independent appraisal of controls over financial integrity, operational effectiveness, IT controls for cyber security, privacy and compliance with laws and policies
Qualifications for VP, internal audit
- Enthusiastic, self-motivated, strong interest in learning and willing to take personal responsibility/accountability
- Degree qualification, with minimum 7 years of relevant auditing/accounting/Basel/credit risk management experience
- Strong understanding of credit processes, credit risk management practices and controls and AML in the financial services industry
- Ability to establish and maintain positive relationships with stakeholders and team mates
- Self-motivated, takes initiatives and demonstrate the ability to work independently or as team lead or member of the audit team
- Reasonable knowledge of T& O and GTS will be helpful
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VP, Internal Audit Job Description
Job Description Example
Our company is hiring for a VP, internal audit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for VP, internal audit
- Evaluates company’s ability to comply with applicable laws, policies, procedures, best practices, and industry standards
- Writes & present global audit reports of findings and make recommendations for corrective action
- Leads the building of effective teams committed to organizational goals
- Build and sustain excellent relationships at multiple levels in the workplace
- Drive results in the organization and be well-versed in performance management and have the capability to be a strong business partner to the line leaders in the organization
- Hold to well-articulated core values and expected behavior, and holds others to the same standards
- Uses broad functional/technical and business knowledge to anticipate and mitigate business
- This position will require travel of up to 25%
- Develop & maintain effective working relationships with audit constituents including National Executive Team (NET) members (specifically the Chief Information Officer and Chief Compliance and Privacy Officer) and Enterprise Shared Service leadership
- Lead the development of audit strategies that identify synergies between KPIT, clinical technology, end user services, buy to pay operations, travel and expense operations, vendor risk management, and business managed technology
Qualifications for VP, internal audit
- Experience in assessing an organization's risk profile and developing strategies to mitigate those risks
- Demonstrated knowledge of generally accepted accounting and audit principles
- Knowledge of local, state and federal laws and regulations applicable to non-profit organizations
- Superior verbal and written communication and interpersonal skills, to interface with all levels of staff and leadership including ability to write with simplicity and clarity
- Excellent presentation and training skills including the ability to engage audiences with credibility.Â
- Professional, self-motivated, results oriented and approachable.Â
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VP, Internal Audit Job Description
Job Description Example
Our company is hiring for a VP, 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 VP, internal audit
- Deliver and communicate audit results to executive management and the Audit Committee
- Apply extensive industry knowledge and technical expertise and support the audit team in learning and developing through proactive analysis and shared experience
- Provide thought leadership to executive management and the Audit Committee in terms of leading internal audit and internal control practices
- Monitor continuous improvement of audit methodology and practices through the adherence to documented procedures and standards (best practices), ensuring consistency of working practice and quality of employees across all audit teams
- Maintain relationships with key stakeholders, including the Audit Committee chair and other members, board level executives, and regulators
- Provide internal clients with an understanding of internal audit expectations
- Direct and manage all aspects of Internal Audit Department’s activities, including the planning of audits and projects, execution of fieldwork, and reporting of audit results to management
- Hire, manage and build bench strength in the Internal Audit team and Develop and manage the budget for the internal audit department
- Work closely with the Chair of the Audit Committee and Audit Committee Members including preparation of Internal Audit dashboards, reports and quarterly reporting
- Participate with the CFO in all Audit Committee Meetings and serve as the Sarbanes-Oxley Section 404 Project Team Leader
Qualifications for VP, internal audit
- Ability to blend exceptional attention to detail with an ability to retain strategic direction within a rapidly evolving business culture
- Ability to produce high quality work products for both the IT groups and Senior Management
- Experience in managing and/or interacting with applicable regulators is preferred
- Proficiency in financial systems and Microsoft Office suite are required
- Proven track record of managing a cross cultural team in a fast paced environment handling multiple tasks simultaneously
- Certified Internal Auditor (CIA) required