Vice President of Internal Audit

• *Vice President of Internal Audit – Job Description

• *Position Summary

The Vice President of Internal Audit is responsible for leading the organization’s internal audit function, ensuring robust governance, risk management, and internal control processes. This role provides independent and objective assurance to senior management and the Board (or Audit Committee) regarding the effectiveness of operations, financial reporting, and compliance.

• *Key Responsibilities
• *Audit Strategy & Leadership
• Develop and execute a risk-based internal audit strategy aligned with organizational objectives
• Establish annual audit plans and ensure effective resource allocation
• Lead and manage the internal audit team, fostering a high-performance culture
• *Risk Management & Internal Controls
• Evaluate the effectiveness of internal controls, risk management, and governance processes
• Identify key business risks and recommend mitigation strategies
• Ensure alignment with enterprise risk management (ERM) frameworks
• *Audit Execution & Oversight
• Oversee the planning, execution, and reporting of financial, operational, and compliance audits
• Ensure audits are conducted in accordance with professional standards (e.g., IIA standards)
• Review audit findings and provide actionable recommendations
• *Regulatory Compliance
• Ensure compliance with applicable laws, regulations, and internal policies
• Support external audits and regulatory examinations
• Monitor changes in regulatory requirements and assess impact on the organization
• *Stakeholder Engagement
• Report audit findings and risk insights to executive leadership and the Audit Committee
• Maintain strong relationships with key stakeholders across business units
• Act as a trusted advisor on control and compliance matters
• *Continuous Improvement & Innovation
• Enhance audit methodologies, tools, and technologies (e.g., data analytics, automation)
• Promote a culture of continuous improvement and accountability
• Benchmark audit practices against industry standards
• *Qualifications
• Bachelor’s degree in Accounting, Finance, or related field (Master’s or MBA preferred)
• 15+ years of experience in internal audit, risk management, or public accounting
• Professional certifications such as
• *CPA, CIA, CISA, or ACCA**

strongly preferred

• Strong knowledge of auditing standards, internal controls, and regulatory frameworks (e.g., SOX)
• Proven leadership experience managing audit teams and complex engagements
• Excellent analytical, communication, and problem-solving skills
• *Key Competencies
• Risk Assessment & Control Evaluation
• Governance & Compliance Expertise
• Strategic Thinking
• Leadership & Team Development
• Ethical Judgment & Integrity
• Data Analysis & Attention to Detail
• *Reporting Structure
• Reports to: Chief Financial Officer (CFO), Chief Risk Officer (CRO), or Audit Committee of the Board
• Direct Reports: Audit Directors, Audit Managers, Internal Auditors

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