Internal Audit VP Job Description
Internal audit VP
provides support to auditing activities such as the Interim Risk Assessment, Annual Risk Assessment and other ad-hoc risk assessment activities.
Internal Audit VP Duties & Responsibilities
To write an effective internal audit VP job description, begin by listing detailed duties, responsibilities and expectations. We have included internal audit VP job description templates that you can modify and use.
Sample responsibilities for this position include:
Manage, analyze and evaluate the Firm's Wealth Management brokerage business focusing on client suitability, sales practices, products, investment advisory, and branch operations to evaluate the risk and control framework supporting the business
Reports risk management issues and internal control deficiencies directly to the Chief Risk Officer and to the Supervisory Committee
Participate in Global Audit Reporting, Operations and Analytics meetings to ensure consistent implementation of initiatives across APAC
For each assigned review you will functionally report to an experienced project manager/head for internal audit
Assist in executing the review
Planning and scoping audits, meeting with key people within the area being audited to understand the business and technology processes and identifying the key risks and controls to be assessed
Assessment of the risks and impact of the issues identified and production and presentation of the audit report to management
Follow up and tracking of remediation of management action plans to address issues identified during audits
Maintenance and development of assigned internal client relationships
Continuous monitoring of assigned business areas and ongoing risk assessment to feed into the overall risk based audit plan
Internal Audit VP Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Internal Audit VP
List any licenses or certifications required by the position: CPA, CISA, CIA, CISSP, ACCA, ACA, CISM, PMP, AWS, CFA
Education for Internal Audit VP
Typically a job would require a certain level of education.
Employers hiring for the internal audit VP job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Graduate, Business, Computer Science, MBA, Business/Administration, Education, Information Systems, Technology
Skills for Internal Audit VP
Desired skills for internal audit VP include:
Best practices and standards in Finance and other corporate functions
Compliance activities
Finance
General auditing principles
Investment management
Legal
New and emerging financial products and services and understanding of risk assessment and control
Operations
Risk management
Sales
Desired experience for internal audit VP includes:
Judgment and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives
Experience either in technology function (e.g., Developer, system architect, DBA, System Administrator, ) or in a technology audit role
Ad hoc work on firmwide risk/control projects around new processes or activities and investigation of incidents
Ongoing liaison and coordination within Internal Audit colleagues globally
Ongoing interaction and liaison with Audit Committees, Regulators, External Auditors
Identify and monitor key significant risks for areas such as fraud, regulatory compliance, and adherence to internal corporate policies (corporate travel, vendor selection)
Internal Audit VP Examples
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Internal Audit VP Job Description
Job Description Example
Our company is hiring for an internal audit VP. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for internal audit VP
- Working with other teams to challenge, analyze and enhance the reporting on the output from the risk assessments
- Manage ongoing initiatives to enhance the operational risk assessment program
- Leading and participating in audit assignments for the bank's private banking and wealth management business
- Supporting audit related matters with all areas of Private Banking, regulators and external auditors
- Performing audit risk assessments and adopting an anticipatory approach on emerging risks
- Participating in Global Audit Strategy and Planning
- Draft and prepare audit reports for final clearance and delivery with senior Internal Audit management
- Participate in assessment of risk and preparation of quarterly business reviews (QBR) presentations
- Participate in QA of self assessments covering policies and procedures framework for credit risk against regulatory provisions
- Testing adequacy and effectiveness of Real Estate's (RE's) Compliance Policies and Procedures
Qualifications for internal audit VP
- Documenting of test procedures
- Assessing key business processes and critical business risk and presenting findings to management
- Recommending enhancements to RE’s current compliance testing program
- Driving the testing and implementation of compliance technology systems, including investment guideline monitoring and allocation monitoring
- Assisting in updating RE Compliance Policies and Procedures Manual as needed
- Collaborating with members of the compliance team to ensure that compliance documents including the RE Registered Investment Adviser Policies and Procedures Manual, RE Form ADV Parts 1 and 2, and Compliance Audit Program are current
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Internal Audit VP Job Description
Job Description Example
Our company is growing rapidly and is looking for an internal audit VP. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for internal audit VP
- Oversee and administer audit administrative operations, including staff supervision (potentially comprising up to 12 associates)
- Lead investigation efforts under the direction of legal counsel, as necessary and appropriate
- Organize audit training events, and assist with onboarding
- Participate in audit engagements covering the Asset & Wealth Management and Commercial Bank businesses including risk assessments, audit planning, audit testing, control evaluation, report drafting and follow-up and verification of issue closure
- Establish strong working relationship with the Business and control groups
- Work effectively with management to evaluate our mortgage insurance businesses, related risks, and related controls including monitoring of aggregate exposures operational and financial processing risks
- Influence and support global integrated audit work which may contain a regional component
- Analyze and validate red flags and exceptions generated from Trading Analytics tool or scripts as part of Continuous Auditing
- Drive/execute audit automation and implementation of project initiatives
- Pro-actively contribute and develop automated routine to focus the audit testing and development of audit process improvements
Qualifications for internal audit VP
- Superior communication skills a must - verbal, written, presentation, and listening skills
- Internal Audit methodologies and techniques
- Drafting detailed audit reports for Executive management and regulator consumption
- Documenting results in workpapers (detail oriented)
- Establishing and maintaining close working relationships across all levels of audit client management and staff
- Success with on-the-job training and proven ability to develop and lead a team of internal auditors
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Internal Audit VP Job Description
Job Description Example
Our innovative and growing company is looking for an internal audit VP. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for internal audit VP
- Audit and advisory engagement oversight and administration of financial, operational and regulatory compliance engagements across a variety of disciplines and areas
- Represent CAS on enterprise level councils and committees
- Promote thought leadership for new and innovative ideas of executing engagements to drive value and continuous improvements in the delivery of audit and advisory (consulting) services
- Develop and foster constructive professional relationships with executive and business management
- Work collaboratively with other CAS leaders and team members, Enterprise Risk & Resilience (ER&R) and business units to enable and support effective audit and risk practices and programs throughout the enterprise
- Work with the Federal Banking Agencies/FFIEC Central Points of Contact, as necessary and appropriate, to enable and support the examination process and help further enable a strong regulatory posture
- Develop expert level knowledge of the business to enhance advisory opportunities and department value add
- Maintain and support a high performance environment with an execution focus
- Drive efficiency and effectiveness throughout Corporate Audit Services
- Attract, develop and lead exceptional talent
Qualifications for internal audit VP
- A solid understanding of Bank regulations
- Minimum of 10 years experience in audit planning, control, audit execution, administration and management gained through leading financial institutions
- Strong communication skills including ability to convey complex ideas simply both verbally and in writing when producing presentations for senior management and clients
- Strong operational knowledge a plus
- Knowledge and, preferably, experience of relevant Asset Management, Wealth Management and Commercial Banking business and products
- Enthusiastic, self-motivated, effective under pressure, able to multi-task and willing to take personal risk and accountability
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Internal Audit VP Job Description
Job Description Example
Our growing company is looking for an internal audit VP. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for internal audit VP
- Communicate findings, obtain agreement and commitment of implementation of recommendations with senior management
- Exhibit a strong drive for results and success, conveying a sense of urgency and driving issues to closure
- Serve as a content expert for the audit’s Line of Business’ and the department’s performance metrics to key stakeholders (i.e., AOC, General Auditor, Business Control Committee, Audit Committee)
- Develop and oversee the department wide monthly and quarterly performance reporting deliverables
- Collaborate with multiple audit partners and/or Executives to collect and reconcile the performance data set to help ensure data quality, completeness, accuracy, and integrity
- Monitor and analyze the performance data set to help identify patterns, understand root cause for data anomalies, and create solutions where required
- Proactively drive continuous improvements by seeking ways to increase efficiency and effectiveness of the work performed while helping to manage the related governance, risks and controls
- Consistently deliver accurate performance reporting within the aggressive time schedule
- Creatively improve the quality and efficiency of the deliverable
- Develops an annual risk-based, operational audit plan
Qualifications for internal audit VP
- Strong knowledge of Microsoft Office applications (Word, Excel, and PowerPoint), specifically, skills with Excel including filtering, pivots, charting and graphing
- Follow-up on open audit issues and their resolution - Participate in department-wide initiatives aimed at continually improving IA's processes and supporting infrastructure
- Relevant certification or industry accreditation (e.g., CPA, CFA, CIA, NASD Series) is a plusCapital Markets Team
- CPA, CFA, CIA, CISA and / or MBA
- Internal Audit subject matter expert with managerial oversight responsibilities
- Minimum 10 years of progressively responsible experience conducting operational, financial, compliance, strategic, information, technology and privacy audits
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Internal Audit VP Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of internal audit VP. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for internal audit VP
- Understand KP’s complex technology environment, KPIT operations, and industry standards to perform thorough assessment of KP’s technology risk profile and engage in dialogue with senior leadership regarding risk exposure
- Promote best-in-class thinking for enterprise risk management, audit process development, utilization of automated audit tools to develop the internal audit function
- Partner with Legal and People organizations on the investigations of Whistleblower complaints, Ethics and Compliance and other regulatory matters
- Expert knowledge of information security and cyber security practices, data privacy and compliance risks, network architecture, various types of infrastructure
- Partner with various levels of KPIT, Enterprise Shared Services, and business management to influence the development of effective corrective action plans to address identified control weaknesses and risks
- Summarize key issues for reporting to KFHP’s Audit and Compliance Committee
- Advise management on the status of corrective action plans to address identified control weaknesses & internal control policies/issues & applicability to business units
- Lead the department to meet short and long-term objectives, both tactical and strategic
- May present audit results to the Audit and Compliance Committee of the KFHP/HP Board of Directors
- Determine, plan, and supervise the delivery of the Group’s risk-based audit plan
Qualifications for internal audit VP
- Designation such as Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), required.Â
- Experience working in a voluntary health organization, non-profit or higher education environment preferred.Â
- Proven ability with MS Office, Excel, Word, and PowerPoint
- Valid driver's license, good driving record, and proof of current automobile insurance
- Follow-through, diligent, service minded and strong pro-active can-do attitude
- CPA, CIA, CISA or equivalent professional qualification