Job Description and Synthesis
Our client is currently seeking a Senior Operational and Compliance Auditor to join their Internal Audit team. The qualified candidate will execute compliance and operational audits of business units, products, activities, and functions and be actively engaged in the audit process from planning to issuance of the audit report.
OPERATIONAL AUDIT RESPONSIBILITIES:
Conduct preliminary surveys of audit areas to define scope and analyze risk.
Draft planning memos and engagement letters.
Prepare opening and closing meeting presentations.
Draft audit programs ensuring complete coverage and analysis of assigned areas.
Execute audit testing and document workpapers in accordance with departmental guidelines.
Draft audit reports and review findings with IAD management and the client.
Develop knowledge in a critical subject matter area and/or knowledge of key business processes.
Ensure that issues or problems are addressed and communicated appropriately in a timely manner.
Communicate testing results to the project manager, process owner and management.
Draft observations and recommendations to resolve or prevent errors and enhance controls within the audited entity.
Perform special reviews and other related duties as assigned.
Provide timely status reports to the project manager, Manager, and / or Director.
Develop value-added relationships with process owners and business unit management.
Utilize data analytics in performing audit services.
COMPLIANCE AUDIT RESPONSIBILITIES:
Plan and perform Sarbanes-Oxley (SOX) and/or Compliance walk-throughs and testing at assigned locations in accordance with the departmental testing strategy while meeting project deadlines
Evaluate financial controls, functional processes, and compliance with corporate and/or external policies and regulations
Prepare and assemble thorough workpapers for assigned audits in accordance with departmental standards and update shared repositories in a timely manner
Prepare and validate detailed findings with appropriate compliance and process management in a clear and concise manner
Provide timely status reports to the project manager on progress of activities
Set up and co-ordinate closing meetings, providing support to the team members where necessary in presenting their issues
Coordinate and provide guidance to the team (i.e. mentoring) when conducting walk-throughs and testing at assigned locations in accordance with the departmental testing strategy while meeting project deadlines
Develop value added relationships with process owners and local business unit management
Supervise work of team members engaged in SOX and Compliance reviews including workpaper review, monitoring progress in the field, and reviewing identified issues prior to discussing with the project manager
Determine root cause failures and business impact noting and monitoring trends for areas of expertise
Assist with control streamlining/rationalization and benchmarking for areas of expertise
Lead more complex reviews and special projects
Utilize data analytics in planning and execution of audit assignments.
3-5 years experience, preferable in Big 4 Public or National Accounting firm, or comparable business experience.
Bachelor’ s degree in Accounting, Business, Finance or Economics required.
CPA, CIA preferred
Demonstrates proficiency in audit skills and techniques as well as knowledge of the internal audit function.
Ability to work independently and proactively to execute critical tasks, including participation in the planning, execution, administration, reporting and review of all phases of operational and compliance audits as well as in business risk identification, audit program development and execution, audit observation discussion, development and communication, and interaction with key management associates.
Rapidly assimilate and apply new knowledge in areas such as: general business, transaction processing industry, financial accounting, business writing and presentations, business risk and mitigation techniques, and businesses and practices.
Advanced ability to analyze risk and design efficient control practices to minimize exposure
Excellent written and verbal communication skills.
Facilitates teamwork by contributing to team efforts, sharing responsibility for team results and exhibiting a positive attitude.
Moderate out of town and local travel, estimated at 15% -20% per year.