Internal Audit - Transformation and Change Management

CLS-Group

• $175K — $200K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in Internal Audit, particularly in financial services or banking.
  • Proven project/program/portfolio audit experience within financial institutions.
  • Strong analytical skills and technical subject matter expertise for integrated audits.
  • Excellent communication abilities to influence all management levels effectively.
  • Understanding of regulatory requirements, particularly FRBNY.
  • Demonstrated success in building and managing audit teams, with a proactive approach in work management.
  • Experience with data analytics tools in an audit setting.

Responsibilities

  • Lead the planning and execution of complex audits, developing test strategies and drafting findings.
  • Mentor junior Internal Audit team members to enhance methodology and achieve audit goals.
  • Validate and monitor management's remediation efforts for audit and regulatory issues.
  • Contribute to the improvement of audit practices and methodologies actively.
  • Develop relationships with stakeholders and identify strategic developments that may pose risks.
  • Monitor the project portfolio to proactively identify emerging risks and report findings to management.
  • Facilitate ongoing professional development, sharing learning opportunities with the team.

Benefits

  • 401(k) match to support long-term savings.
  • Comprehensive benefits package enhancing overall employee well-being.
Full Job Description


Job information:
  • Functional title - Vice President, Transformation and Change Audit
  • Department - Internal Audit
  • Corporate level - Vice President
  • Report to - Natalie Danilkina, Head of Transformation and Change Audit (US)
  • Location - New Jersey
  • Salary - $175,000 -- $200,000 variable compensation + 401(k) match + benefits.


What you will be doing:

Audit Management and Execution: (80%)
  • Execution of planning and testing for complex audits and high-level reviews, including designing test strategies, audit test papers and drafting of audit findings & executive summary.
  • Review and mentoring of more junior IA members' work on relevant methodology and tools to meet audit objectives.
  • Lead on validation and tracking (with oversight) to confirm management's remediation of audit and regulatory issues.
  • Actively contributing to the ongoing improvement of audit practices and methodology.

Stakeholder Management / Strategic: (15%)
  • Develop and maintain working relationships with peers across the organization.
  • Where required, lead/contribute to the use of data analytics by Transformation and Change Audit.
  • To monitor strategic developments within CLS to highlight any unidentified risks or potential control issues.
  • Perform continuous monitoring of the project portfolio, under the direction of senior audit management, to identify emerging risks and issues and report to audit management and the Audit & Finance Committee.
  • Identify areas for improvement within Internal Audit and play a leading role on department improvement initiatives.
  • Support and provide input into the Internal Audit risk assessment process to inform the Audit Plan.

Professional Development (5%)
  • Proactively maintain knowledge, skills, and disciplines, with on-going professional development.
  • Identify and share useful learning opportunities for other Internal Audit team members.
  • Maintain the professional standard of the Internal Audit function and work within its agreed Terms of Reference and IIA standards/guidelines, Charter, and Mandate.
  • Demonstrate adaptability to ensure that the audit focus is maintained on key issues, under the guidance of audit senior management.

What we're looking for:
  • Extensive experience working within Internal Audit in a financial services environment (ideally banking) and strong project/program/portfolio audit experience across a range of projects in a financial institution.
  • Ability to provide technical subject matter expertise during integrated audits.
  • Strong analytical skills.
  • Experience of dealing with all levels of management; ability to influence at all levels.
  • Excellent communication skills, both written and verbal.
  • Experience and understanding of regulatory requirements, e.g. FRBNY.
  • Confident in managing and leading a portfolio of project audits.
  • Proven success in building, developing, and management teams.
  • Strong team player but also be able to work independently.
  • Proactive, initiative-taking - ability to plan, organize, perform, and manage work with minimal supervision.
  • Results oriented - able to deliver high-quality results in an environment of changing demands, variable workloads, and tight timescales.
  • Able to think on a broad scale about issues affecting the company, not just those related to IA or the control environment.
  • Able to interpret internal and external issues and recommend solutions/best practices.


Professional qualifications / certifications/experience
  • Bachelor's or master's degree (required) in a technology-related field (preferred).
  • Project Management Qualifications - PMP, PgMP, PfMP, Prince 2, MSP, PMI or similar
  • Internal Audit Certifications - CISA (preferred), CIA, CISM
  • Experience of managing a portfolio of Internal Audit Change audit assignments.
  • Experience of managing and developing team members (preferred)
  • Practitioner experience within the first line of defense in technology (including expertise in SDLC) and change management (preferred).
  • Experience in working for Big Four focused on Change Management audits (preferred)
  • Experience in working with data analytics tools

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