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Title
Text copied to clipboard!Director of Internal Audit
Description
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We are looking for a highly experienced and detail-oriented Director of Internal Audit to lead and manage our internal audit function. The ideal candidate will be responsible for developing and implementing an effective internal audit program that ensures compliance with regulatory requirements, identifies areas of risk, and provides recommendations for improving internal controls. This role requires a strategic thinker with strong analytical skills, excellent communication abilities, and a deep understanding of auditing standards and practices. The Director of Internal Audit will work closely with senior management and the board of directors to provide insights and recommendations that support the organization's strategic objectives. Key responsibilities include planning and executing audit engagements, managing a team of auditors, and reporting audit findings to stakeholders. The successful candidate will have a proven track record of leading audit functions in a complex organizational environment and will be adept at navigating the challenges of a dynamic and evolving business landscape. This role is critical to ensuring the integrity and reliability of our financial and operational processes, and it offers an exciting opportunity to make a significant impact on the organization's success.
Responsibilities
Text copied to clipboard!- Develop and implement an effective internal audit program.
- Plan and execute audit engagements in accordance with auditing standards.
- Identify areas of risk and provide recommendations for improving internal controls.
- Manage and mentor a team of internal auditors.
- Report audit findings to senior management and the board of directors.
- Ensure compliance with regulatory requirements and internal policies.
- Collaborate with other departments to address audit findings and implement corrective actions.
- Monitor and evaluate the effectiveness of internal controls.
- Conduct special investigations as needed.
- Stay current with industry trends and best practices in internal auditing.
- Develop and maintain audit documentation and workpapers.
- Coordinate with external auditors and regulatory agencies.
- Provide training and development opportunities for audit staff.
- Prepare and present audit reports to stakeholders.
- Assist in the development of the annual audit plan.
- Evaluate the adequacy and effectiveness of the organization's risk management processes.
- Perform follow-up audits to ensure corrective actions have been implemented.
- Maintain a high level of professional ethics and integrity.
- Participate in continuous improvement initiatives.
- Support the organization's strategic objectives through effective audit practices.
Requirements
Text copied to clipboard!- Bachelor's degree in Accounting, Finance, or a related field.
- Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) designation preferred.
- Minimum of 10 years of experience in internal auditing or a related field.
- Proven track record of leading and managing an internal audit function.
- Strong understanding of auditing standards and practices.
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Experience with risk assessment and internal control evaluation.
- Proficiency in audit software and Microsoft Office Suite.
- Strong organizational and time management skills.
- Ability to handle confidential and sensitive information with discretion.
- Knowledge of regulatory requirements and industry standards.
- Experience in developing and implementing audit programs.
- Ability to present complex information in a clear and concise manner.
- Strong leadership and mentoring skills.
- Attention to detail and a commitment to accuracy.
- Ability to manage multiple priorities and meet deadlines.
- Experience with data analytics and continuous auditing techniques.
- Commitment to professional development and staying current with industry trends.
Potential interview questions
Text copied to clipboard!- Can you describe your experience in leading an internal audit function?
- How do you ensure compliance with regulatory requirements in your audit processes?
- Can you provide an example of a significant audit finding and how you addressed it?
- How do you stay current with industry trends and best practices in internal auditing?
- What strategies do you use to manage and mentor a team of auditors?
- How do you approach risk assessment and internal control evaluation?
- Can you describe a time when you had to handle a confidential and sensitive audit issue?
- How do you prioritize and manage multiple audit engagements simultaneously?
- What experience do you have with audit software and data analytics?
- How do you ensure the accuracy and reliability of your audit reports?
- Can you discuss your experience with external auditors and regulatory agencies?
- How do you develop and implement an effective internal audit program?
- What steps do you take to address audit findings and implement corrective actions?
- How do you evaluate the effectiveness of internal controls within an organization?
- Can you provide an example of a successful continuous improvement initiative you led?
- How do you handle disagreements or conflicts with other departments during an audit?
- What role do you believe internal audit plays in supporting an organization's strategic objectives?
- How do you ensure the professional development of your audit team?
- Can you discuss a time when you had to conduct a special investigation?
- What measures do you take to maintain a high level of professional ethics and integrity?
