Job Details

Job Description

Under the direction of the Chief Audit Executive, leads the development, implementation, and continuous improvement of internal audit standards, methodologies, and practices to ensure the effective and efficient execution of the internal audit function. This position oversees the Quality Assurance and Improvement Program (QAIP), and ensures alignment with industry standards, regulatory requirements, and the organizational policies. This role supports the Internal Audit strategy by driving process enhancements, delivering training initiatives, and fostering operational excellence across the audit function

Responsibilities

• Leads the Professional Practices Group within the Internal Audit department, ensuring adherence to global audit standards, methodologies, and professional practices. Develops and implements internal audit policies, procedures, and methodologies that align with industry standards (e.g., IIA standards, COSO framework). Establishes audit quality benchmarks to maintain consistency and effectiveness.
• Oversees the implementation of a robust QAIP to monitor and enhance internal audit activities. Facilitates consistency of process throughout audit activities and provide leadership and oversight with respect to governance and the risk-based audit methodology (including the risk assessment framework) through ongoing monitoring and periodic assessments. Interprets assessments to identify opportunities to improve efficiency and effectiveness of the audit department and recommend revisions of department standards, policies and operating procedures. Monitors and reports progress on remediation efforts to ensure remediation of noted quality issues is comprehensive and timely.
• Designs and leads training programs to enhance audit staff expertise in methodologies, industry standards, and emerging risks. Assesses performance and mentors team members for continuous growth and professional development. Conducts assessments and provide feedback on audit staff performance, ensuring professional and organizational standards are met.
• Monitors training and certifications, including periodic knowledge gap assessment and annual training budget. Identifies and coordinates opportunities for staff development at all levels. Conducts staff training focused on communicating audit and banking changes as well as items in play or on the horizon.
• Prepares periodic reporting to management and the Audit Committee. Manages required communications with the Audit Committee based on the Audit Committee charter and Institute of Internal Auditors (IIA) standards. As such, designs reports and heat maps to demonstrate results of internal and external quality assessments along with plans for remediation, measure and report the performance of the audit function including progress toward established objectives including the annual audit plan and develop other key performance indicators.
• Oversees the development, implementation, and continuous improvement of audit methodologies, including risk assessments, audit planning, fieldwork, and reporting. Ensures audit engagements comply with relevant standards, including IIA standards and regulatory requirements. Maintains audit policies and procedures and provides technical guidance and interpretation in their application. May lead working groups to support a collaborative process. Coordinates updates to audit policies and procedures while fostering collaboration across teams.
• Monitors internal audit trends and advancements to align practices with emerging industry standards. Leads initiatives to adapt audit technology and enhance operational efficiency.
• Leads, directs and oversees all staff members in the section including staffing and scheduling, compensation, performance management, training and development. Provides leadership, direction and a motivational environment. Responsible for the timely and effective management of Human Resources forms and documents relevant to immediate staff.
• Performs all other miscellaneous responsibilities and duties as assigned.

Qualifications

• Education: Bachelor's degree in accounting, finance, business administration, or related field from an accredited institution. Master's degree or professional certifications (e.g., CIA, CPA, CISA) preferred, or equivalent work experience.
• Experience: Minimum 15 years of progressive experience in internal audit or related field, with at least 5 years in a leadership role. Extensive experience with audit methodologies, risk management, and internal control frameworks. Experience working in highly regulated industries or large, complex organizations is a plus.
• Technical Skills:
• Demonstrated proficiency and expertise with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, Access and PowerPoint) or similar software. Knowledge of or ability to use Bank software, including related business and audit software.
• Strong knowledge of professional auditing standards (e.g., IIA Standards, COSO); in depth understanding of risk management, governance, and internal control processes; and ability to assess and implement audit technologies to improve efficiency and effectiveness.
• Knowledge of accounting principles and practices, including internal control concepts
• Other Job Qualifications: Excellent leadership, communication, and interpersonal skills; ability to manager audit professionals. Ability to effectively communicate with direct and indirect reports, upwards to executive management and the Board of Directors, as well as external parties, including regulators, external auditors, vendors and consultants. Demonstrated analytical, organizational, problem solving, oral and writing skills. Able to meet deadlines. Able to work in a team environment and successfully manage projects. Able to develop innovative solutions to improve business processes. Able to work flexible hours including holidays, weekends and evenings as necessary. Must be able commute and arrive at intended destination in a timely manner and/or as required. Travels by air as required.

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