VP of Internal Audit

The VP of Internal Audit oversees the internal audit function, develops and executes the internal audit plan, and provides independent assurance to the Board and senior management on the effectiveness of the company’s risk management, control, and governance processes. This role requires a high level of integrity, strategic thinking, and leadership skills.

Key Responsibilities:

• Develop and implement a comprehensive risk-based internal audit plan.
• Lead and manage the internal audit team, providing guidance, training, and development to ensure high performance and professional growth.
• Conduct audits of financial, operational, and compliance areas to assess the adequacy and effectiveness of internal controls.
• Identify and evaluate significant risks to the organization and provide recommendations for improvement.
• Communicate audit findings and recommendations to senior management and the Audit Committee of the Board clearly and concisely.
• Monitor the implementation of audit recommendations and report on the status of action plans.
• Ensure compliance with internal auditing standards and best practices.
• Collaborate with external auditors and regulatory agencies as necessary.
• Maintain an up-to-date knowledge of industry trends, regulatory changes, and emerging risks.
• Foster a culture of integrity, accountability, and continuous improvement throughout the organization.
• Prepare and present periodic reports to senior management and the Audit Committee on the status and results of the internal audit activities.

Qualifications:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. A Master’s degree or relevant certification (e.g., CPA, CIA, CISA) is preferred.
• Minimum of 10 years of experience in internal auditing, with at least 5 years in a leadership role.
• Strong knowledge of internal auditing standards, risk management, and internal controls.
• Proven experience in developing and implementing risk-based audit plans.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and presentation skills, with the ability to effectively convey complex information to various stakeholders.
• High level of integrity, ethics, and professionalism.
• Ability to work collaboratively with cross-functional teams and senior management.
• Strong leadership and team management skills.