Director, Internal Audit - Silver Spring, United States - Andrews & Cole, LLC

Description

The Internal Audit function is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

The Company is seeking an Internal Audit Director to join the team at headquarters in Bethesda, Maryland, reporting directly to the Vice President of Internal Audit.

The Audit Director will work closely with Company management, internal audit staff, external auditors, and third-party service providers responsible for the delivery of compliance, operational, financial, and integrated audits from designing an approach, planning, and scoping through proactive discussions with business management and senior leadership, to report issuance and audit follow up.

The Internal Audit team is viewed as an important pipeline for developing finance talent within the Company and offers the opportunity to partner with other strategic corporate functional teams, including, but not limited to, legal, reporting and control, mergers and acquisitions, business unit finance teams, as well as external internal audit stakeholders.

The individual we seek is intellectually curious with a demonstrated background in continuous improvement in internal audit process and outcomes.

They will have strong technical acumen, a collaborative style, and a history of effective hiring, managing, and developing staff.

This role offers opportunities to work in an international environment, audit across a diverse and fast-changing technology and digital environment and develop relationships with senior management.

The Company is a global company with significant revenues and employees outside the United States, so willingness and excitement to embrace global exposure is necessary for success in the role.

RESPONSIBILITIES:

Assist Vice President with setting the department's strategic objectives including identification of audit projects, staffing, training, budgeting, expense tracking, project management, and reporting to regional and corporate leaders, executive management, and the audit committee of the board of directors.

Responsible for ensuring the integrity of the Company's financial reporting and internal controls through the systemic monitoring of key performance measures and the auditing of critical processes on a sampling basis.

Identify performance trends, and investigate and resolve any problems/ inconsistencies, as appropriate.

Develop and maintain strong relationships with Global Finance leaders and other key stakeholders to provide guidance and/or consultation, as appropriate, to effectively influence business decisions and optimize overall internal controls environment.

Ensure the facilitation and/or refinement of business processes bringing the right and balanced global perspective, leverage internal and external best practices are efficient, consistent, and effective.

Provide ongoing guidance to key stakeholders concerning issues related to areas of responsibility.

Ensure appropriate decision makers and subject matter experts are engaged in the process and key decisions concerning process improvements are addressed.

Proactively identify risk and opportunity areas.

Leverage the use of business performance management skills - able to deploy and manage (use data to systemically monitor the progress of work against schedules, budgets, and quality standards) resources, to achieve/exceed objectives in a dynamic operating environment.

Lead and direct the relationship with co-source partners to ensure SLAs are met and that risk-based audit plans are flawlessly executed.

Lead and direct the relationship with the external auditor to ensure the external audit efforts are timely and efficient and that deliverables from internal audit meet their deadlines and expectations

Champion excellence in business ethics and integrity, social responsibility, cross-cultural effectiveness, and associate engagement.

Continuously improve internal audit's process for executing operational, financial and compliance reviews/audits

Partner with the business to continuously improve the efficacy and efficiency of management's Sarbanes-Oxley ("SOX") compliance program

Collaborate with the business and the external auditors in conducting the annual risk assessment for Sarbanes Oxley Compliance

Assist in the establishment of policies and procedures to ensure adequacy of internal controls and effectiveness in providing services to the business lines

Managed the annual global risk assessment process

Assist with development and execution of internal audit annual plan

Prepare high quality audit deliverables including planning memo, drafts of audit issues, audit reports, and presentations

Prepare, review and report audit results to management, recommending changes in operations and control activities and identifying opportunities for continuous auditing and monitoring

Assist with preparation of reporting materials, including Audit and Steering Committee reports, and various status reports

Manage resource scheduling, coordinating supplemental third-party resources as needed, to ensure the timely completion of audits

Be a trusted advisor to various internal business department teams with a strong understanding of the Company's business model, processes, systems, underlying controls, and an ability to influence positive change in these areas

Hire, manage, provide leadership and guidance to Internal Auditors develop a high-performing team

Establish and execute personal development objectives and plans for self and direct reports

Participate in special projects, including acquisition due diligence and integration activities

Learn the Company's businesses and control environment

Build relationships with business Finance teams and Corporate functional leaders

Build relationships with EY team

Assist with recruiting to fill open roles

Develop / help shape 2024 Internal Audit plan

Execute Internal Audit global audit plan

Help management develop more effective and efficient control environment

Facilitate the rotation of staff into other roles in Finance within the Company

Work with auditors (EY) to improve audit efficiencies

Develop additional audit capabilities


QUALIFICATIONS:
Bachelor's degree in accounting, Finance, Business, or related field

Certified Public Accountant (CPA) or International Equivalent

At least 7-10 years of experience in audit (external and/or internal audit) with multinational business. At least 3+ years in a managerial capacity. An equivalent combination of education and experience may be considered

Demonstrated Experience in SOX, operational and financial audits

Analytical skills with high attention to detail

Excellent written and verbal communication skills, people skills, and presentation skills

Able to manage, influence, and drive strategic solution development across diverse teams

People management skills including the ability to mentor, review performance, and develop talent

Critical thinking skills that demonstrate critical and logical thinking to reach a solution

Proficiency in MS Excel, Word, and PowerPoint

Travel required, domestic and international, approximately 20%

Internal Audit qualification

Big four (4) Experience

Experience Managing direct reports including talent management, talent planning, and development

Exceptional communicator all employee levels including senior executives

Strong proponent of ESAB values and behaviors and CBS principles

Drives continuous improvement

Effective at building relationships and trust

Strong collaboration skills across functions and business platforms

Comfortable working in global matrix organization

Purposeful with the ability to make decisions and to follow-through on programs and policies which have been developed

Bias for action; sense of urgency; initiative-taker; moves with speed

Focus on delivering results and continuous improvement

Agile mind; quick on one's feet

Prioritizes for maximum impact

Good at synthesizing data and distilling key points

Insightful, deductive reasoner, fact-based problem solver

Influencing and driving performance without authority

Leadership with humility


LEADER BEHAVIORS
Identifies and recruits top talent; targets development for impact; can make tough calls

Has an "eye for talent" & brings out the best in others

Differentially invests in high performers; systematically builds talent pipelines for the future

Acts with a sense of urgency

Sets clear priorities and focuses on the work that will best achieve commitments

Manages workload efficiently and effectively

Seamlessly operates across the strategic and tactical

Manages challenges well; solves problems effectively and can lead change with speed

Can dive deep into detail to support root cause analysis, yet understands big picture

Takes accountability; does what it takes to deliver what is promised

Ensures short-term results and sustains long-term performance

Exemplifies a working leader; owns initiatives; delegates effectively yet retain visibility into how work gets done

Fair, decisive, and motivating; fosters followership

Inspires & aligns teams by setting clear goals, celebrating wins, and transparent communications

Actively coaches' others; gives and receives feedback openly

Negotiates with associates using a genuine, respectful give-and-take approach, where decisions are shared

Spends time identifying all stakeholders necessary and meets or connects with all of them, neglecting no one to shape a collective consensus

Identifies opportunities to build relationships that will help others achieve their objectives and reaches out to those people or new people

Communicates with appropriate transparency and clarity of message

Integrity, credibility, and character with demonstrated ethical behaviors

Executive presence combined with a high degree of maturity and business judgment

A collaborator and leader with the self-confidence, humility, and consultative skills to positively influence the business

A tenacious, operationally minded individual with a strong work ethic

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