Senior Director of Internal Audit Job Description

SENIOR DIRECTOR OF INTERNAL AUDIT JOB
DESCRIPTION
THE COMPANY
(Insert Background Information)
LOCATION
(Insert City and State)
THE POSITION
REPORTING RELATIONSHIPS
The senior director of internal audit reports to the senior vice president, chief risk and audit officer and directs a
staff of approximately X professionals providing support to Company X.
RESPONSIBILITIES
The primary mission of the senior director of internal audit is to integrate audit services to provide Company X
executive management and the audit committee of the board of directors with assurance as to the adequacy and
effectiveness of the system of internal control throughout the company. In this regard, the senior director of
internal audit will inform them as to the effectiveness and efficiency of operations, reliability of financial reporting,
and compliance with applicable laws and regulations.
The internal audit role is part of the overall control/risk management environment established by executive
management and the board of directors, which resulted in the creation of the senior vice president, chief risk and
audit officer to whom this position reports. The audit director will help ensure that business managers fulfill their
responsibilities for managing risk while making certain that the objectives of the organization are accomplished,
and the directives of management are carried out.
To achieve these objectives, the senior director of internal audit will provide strategic direction and leadership in
the areas of internal auditing throughout the corporation. Specifically, the senior director of internal audit will
design and implement the organization’s internal auditing programs and controls, covering the areas of business
systems and processes, financial and accounting systems, IT, investigations, contracts, and business risk
assessments.
• In collaboration with senior management and the audit committees, develop a comprehensive and flexible
audit plan using an appropriate risk-based methodology. Where appropriate, corporate risks and priorities
should be reviewed, validated, and provided to the audit committees for review and concurrence.
• Develop and implement a comprehensive audit program for evaluating the adequacy and effectiveness of the
company’s system of internal control and the quality of performance in carrying out assigned responsibilities.
• Examine and evaluate the adequacy and effectiveness of the company’s system of internal control and the
quality of performance in carrying out assigned responsibilities.
• Implement the audit plan, including, as appropriate, any special tasks or projects requested by management or
the audit committees.
• Prepare periodic reports to management and, as appropriate, to the audit committees providing information on
the status and results of the audit plan and the sufficiency of audit department resources.
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• Manage, recruit and develop a professional audit staff with sufficient knowledge, skills, experience and
professional certifications to meet the corporation’s audit requirements.
• Evaluate and assess the internal controls surrounding due diligence processes.
• Participate, as requested, in due diligence processes.
• Issue periodic reports to the audit committees summarizing results of audit activities and significant findings.
• Promote high levels of ethical awareness and conduct within the company and administer independent
investigations of potential ethical problems or conflicts of interest. Notify management and the audit
committees of the findings, as appropriate.
• Prepare periodic reports for management and, as appropriate, for the audit committee on significant issues
related to internal control processes to ensure that these processes are appropriate for the current and
evolving business environment and to provide information concerning such issues through resolution.
• Coordinate audit activities with those of the external auditors to ensure proper audit coverage, elimination of
duplication of effort, and improvement in the efficiency and effectiveness of audit activities.
• Proactively interact with executive, business unit and operating company management to ensure that their
audit and business-risk management needs are met cost-effectively.
• Where appropriate, provide an independent assessment of business management’s view on risk and
associated control effectiveness and evaluate the adequacy and effectiveness of business risk management
processes and programs.
• Promote business unit and operating company ownership of internal controls and support objective business
risk management within the corporation.
THE CANDIDATE
EDUCATION/CERTIFICATIONS
Have an undergraduate degree preferably in math or accounting coupled with a post-graduate degree in
business. CPA is required.
PROFESSIONAL QUALIFICATIONS
• Demonstrate strong technical knowledge.
• Have audit experience with a global multisubsidiary company.
• Demonstrate knowledge of trading operations.
• Have previous experience within a major accounting firm.
• Have experience in recruiting and developing a large audit organization.
• Manage staff on several concurrent projects.
• Have experience leading cultural and organizational change within an audit function.
PERSONAL CHARACTERISTICS
• Perform strong leadership skills and the ability to attract and energize a talented staff.
• Demonstrate managerial courage to confront difficult issues with the appropriate response and communicate
them appropriately and timely with all stakeholders in those issues.
• Conduct effective interpersonal skills, which allow candidates to relate well to all levels of management.
• Have clear and effective oral and written communication skills.
• Meet or exceed client expectations. Customers include department general managers, senior management
and other stakeholders.
• Present views to the external auditors and the board of directors effectively, persuasively and with appropriate
conviction.
• Provide leadership and guidance to staff as a highly self-motivated individual.
• Facilitate strong analytical/quantitative skills.
• Be an intelligent, clear and logical thinker.
• Fit well into a consultative role rather than a command-and-control role.
• Thrive in an environment of change.
• Assume a more senior management position.
• Demonstrate unquestionable ethics and integrity.
In summary, the new senior director of internal audit will bring strong leadership skills and the ability to oversee
change management while raising the internal auditing function within this company to the next level. He/she will
possess a strong executive presence and exceptional communication skills, and bring a comprehensive
understanding of the complexities of the audit function within a complex enterprise.
CONTACT INFORMATION
(Insert Company Contact Information)

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SENIOR DIRECTOR OF INTERNAL AUDIT JOB

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(Insert City and State)

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