Head of Internal Audit

Holmes Search
13 Aug 2019
16 Aug 2019
Professional / Specialist
Contract Type
Under the direction of the Chief Audit Executive, the Director will be responsible for managing a team of professional internal auditors.

The Director manages the planning and execution of operational, financial, and compliance audits of various internal departments and international affiliates to evaluate the adequacy and effectiveness of the organization's governance, risk management process, system of internal control, and quality of performance in carrying out assigned responsibilities in order to achieve the organization's stated goals and objectives. The Director establishes project objectives and scope, develops project budgets and timelines, supervises performance of audit staff, ensures quality of project deliverables and reporting, and facilitates effective communication and coordination with management and is responsible for fostering important strategic partnerships with other functions within the organization.


Supervises international Audit department and third party resources (as needed) and direct daily progress of activities.
Responsible for the coordination and execution of multiple international audits.
Recommends changes to strengthen the internal control structure and operating efficiency within the organization.
Actively participates in annual risk assessment activities and assist with the development of an audit plan that maps specific projects to the risks identified.
Assists with the preparation and presentation (when applicable) of quarterly communications to the Audit Committee
Maintains up-to-date knowledge of changes and developments in the industry, regulatory environment, and audit profession.
Supervises and mentors junior staff and review work papers to ensure they meet internal standards.
Manages the overall audit process with the external auditors and other outside 3rd parties as needed.
Assists the senior team with coordinating departmental work schedules to meet deadlines.
Actively manages the audit process to ensure timely execution of risk-based operational, financial, and compliance audits in accordance with the annual audit plan.
Reports audit results to management and recommend changes in or improvements to operations and financial activities.
Prepares detailed reports of findings and recommendations for improvement with consideration of international internal audit reporting standards.
Contributes to department administration as requested by Chief Audit Executive, including scheduling, budgeting, preparing and/or presenting presentations to management, and developing content for department training.
Develops training and development plans for staff, and provide on the job training for senior auditors.
Evaluates the performance of and provide timely feedback to staff after the completion of each assignment. Complete formal performance appraisals on an annual basis of assigned staff.
Maintains high level of integrity and professionalism to handle sensitive and confidential data/materials/information received and/or reviewed with business lines.
Assumes additional duties as they arise, cross train within the department and be responsive to the needs of the entire department.


Undergraduate degree, preferably in accounting, finance, business administration or related field. Advanced degree/masters in the same of related discipline would be desirable.
Experience with broker / deal and financial services essential.


Professional qualifications in an audit related area e.g. ACCA, CA, CMIIA and relevant licenses.
Proficient in Microsoft Office Suite Access
Industry Knowledge - Strong working knowledge of financial products and services and of banking and financial services industry practices and related rules and regulations (e.g., Financial Conduct Authority and European regulations (BaFin), Federal Reserve, OCC, SEC, FINRA, MSRB, IAA and local regulatory bodies).
Division Knowledge - Experience in reviewing audit work papers and experience in evaluating the design and operating effectiveness of internal controls
Department Knowledge - Strong understanding of accountable business units/functions (Front Office: capital markets, investment banking), Back Office (finance, operations, IT). Experience using an automated work paper solution a plus, evaluating the design and operating effectiveness of internal controls and in reviewing audit work papers.
Leadership Skills - Excellent leadership, interpersonal and communication skills with experience in supervising others (e.g., team lead, auditor-in-charge on audit engagements). Team player with demonstrated track record in self-initiative and time management.
Project Management - Ability to use effective delegation skills within work teams and establish and monitor project completion deadlines as necessary to meet overall department and quality assurance goals.
Adaptability / Flexibility - Ability to adapt to change quickly and multi-task.
Critical Thinking - Strong analytical skills & critical thinking with the ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Excellent attention to detail.
Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Risk and Control Analysis - Experience in evaluating the design and operating effectiveness of internal controls.
Finance and Accounting - Technical accounting knowledge of IFRS, financial reporting practices, and management reporting with a strong working knowledge of process and information technology.
Judgment and Decision Making - Ability to consider the relative costs and benefits of potential actions to choose the most appropriate one.
Excellent written and oral communication skills.
Time Management and Organizational Skills - Highly organized and detail-oriented with demonstrated ability to set priorities and to respond to changing demands from multiple sources in a fast-paced environment. Ability to follow through, meet deadlines, anticipate requirements and build relationships.
Interpersonal Skills - ability to interact positively and communicate with all levels of staff and management.

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