Director of Internal Audit

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The Director of Internal Audit is responsible for the overall direction and leadership of the internal audit function for the Firm and is responsible for providing objective assurance and consulting services to support governance, risk management, internal controls and operational effectiveness. The Director of Internal Audit is responsible for planning and conducting operational, financial and compliance audits, reporting findings to senior leadership and the Risk Committee and helps the Firm improve controls while safeguarding assets.

The Director of Internal Audit reports to the Risk Partner.

Strategic Leadership:

• Maintain the vision, strategy and mission for the Internal Audit and Compliance functions in alignment with Firm goals and objectives.
• Lead Internal Audit’s risk assessment and planning process to develop the audit plan and projects, ensure the plan is responsive and aligned with the risk profile of the Firm.
• Implement the Firm’s Annual Audit Plan, ensuring adequate coverage of financial, operational, compliance, information technology and strategic risks, revise as needed.
• Develop and manage a high-performing professional staff with sufficient knowledge, skills, and experience to execute audit, compliance, and risk management initiatives.
• Provide leadership in risk management and internal control, supporting evaluation of controls, risk mitigation strategies, and adherence to Firm policies.

Oversight and Execution:

• Direct and manage audits and reviews from planning and execution, to reporting and follow-up.
• Evaluate and provide assurance that control, risk management, compliance, and governance systems are functioning as intended. Conduct periodic risk assessments, identify emerging risks, and update or adjust Internal Audit plan accordingly.
• Review audit findings with auditees, assess root causes, risks, and business impact; make recommendations to improve the control environment and compliance posture.
• Track audit observations to ensure they are implemented timely; elevate and report status to Leadership.
• Coordinate with external auditors, as needed.

Governance and Reporting

• Proactively inform senior management of significant risks or audit observations related to internal control, compliance, etc. that require prompt attention.
• Actively participate in executive management meetings or committees to ensure that Internal Audit is well informed of key business developments that could have an impact on audit priorities and plans.
• Prepare high quality audit deliverables, including audit recommendations, compliance reports, risk dashboards, presentations, and status updates.
• Regularly report to and distribute formal audit reports to Risk Partner and Leadership, as appropriate.
• Provide recommendations for improving organizational operations, including risk-informed strategies for efficiency, streamlined processes, and recommendations for new policies and procedures.
• Engage in continuous professional education and stay current with federal, state and local audit regulations and laws.
• Participate in projects or investigations, as required or directed by management, such as system pre-implementations, internal investigations, etc.

Risk and Compliance:

• Maintain the risk management program, assisting management in addressing key risk exposures and regulatory obligations.
• Manage the risk register, documenting risks, regulatory requirements, mitigation strategies, and follow up action plans.
• Ensure timely completion of…