Job Description Summary

Based in Norwalk (CT) and reporting to the GE Chief Audit Executive (GECAE), the Chief Audit Executive for GE Capital & GE Corporate will re-design, build and lead a data-driven, modern audit function, grounded in strong technical expertise for their respective business and market space.

Job Description

GE is in the midst of a significant and public transformation of its portfolio, leadership, operations and culture. One of the top priorities within this transformation is the Internal Audit function.  GE is currently evolving the function, focusing more on the development of deep, data-driven, modern audit expertise and experience to serve as a true business partner for the audit committee and executive leaders, while still maintaining its commitment to talent development, both within and outside the function. 

A key dimension of this role is focused on leadership both inside and outside the specific GE business, including:

• Partnering effectively with Business Executives, GE Enterprise leaders and other Business Unit and Functional CAEs on implementing solutions for mitigating risk and prioritizing initiatives to ensure focused execution

• Ensuring healthy, collaborative relationships between corporate and the Business Unit to capitalize on capabilities and expertise and internal audit rigor

• Deliver integrated audits across finance, technology, operational, compliance and other risks. 

KEY RESPONSIBILITIES

• With a LEAN mindset, build and lead the Internal Audit team for GE Capital & GE Corporate that supports the strategy set out by the Corporate CAE & Audit Committee.

• Develop and execute risk-based, business-wide audit plans for GE Capital & GE Corporate that clearly define the objectives and scope of each review, employing critical thinking and appropriate testing methodologies.

• Complete risk-based audit plans, including communicating findings with clients in a clear and timely manner; writing audit reports that are meaningful and comprehensive (yet easy to understand); working with management to develop action plans to remediate findings and address areas for improvement; and track corrective actions through to completion.

• Develop strong relationships with GE Capital & GE Corporate and Corporate executives, managers and business process owners, advising them (and providing training) on how to identify, assess and mitigate risks in their environment.

• With a data first mindset, partner with the Data and Analytics team to create a data driven approach to risk assessment. Effectively blend qualitative and quantitative analysis to identify high risk areas and ways to maximize coverage.

• Regularly communicate business risks and opportunities to the CAE, Business unit CFO, and other senior management members along with appropriate recommendations.

• Partner cross-functionally to develop and maintain internal policies and procedures that support an effective and efficient system of internal controls.

• Maintain awareness of technological changes in relevant functional and operational areas to be audited. Seek, learn and use new audit techniques, as necessary, and share knowledge with internal customers.

• Identify opportunities for continuous monitoring or digitization of test-work across the various cycles, driving better efficiency, coverage, and effectiveness.

• Develop an awareness of advanced capabilities like Artificial Intelligence and Machine Learning and how to best deploy this capability across the audit cycle.

• Manage the testing of the business’ internal controls. Communicate deficiencies and the status of remediation efforts to company management and the Audit Committee on an ongoing basis.  Provide input as needed with respect to other aspects of Sarbanes-Oxley compliance.

• Stay connected with peers and senior partners across Corporate Auditing to understand emerging risks relevant to the Industry and adjust audit plans accordingly.

• Work closely with Legal on compliance programs involving business ethics, including the investigation of whistleblower complaints and other matters, and report to management.

• Coordinate efforts with, and provide support to, the external audit firm to ensure coverage.

• Attract, develop and retain a diverse and high performing Internal Audit team.  Mentor, coach and teach, as needed, including developing people for career opportunities and advancements within General Electric, including, but not limited to, the Finance and Accounting areas.  Develop, update and maintain talent development, training and succession plans for the department.

• Create an equitable and inclusive environment where people can bring their full selves to work and unlock their greatest potential and contributions to the team. 

• Drive continuous improvement mindset in the audit function, including identifying and integrating best practices; Identify specific actions to improve the efficiency and effectiveness of Internal Audits.

• Achieve annual goals and budget targets by effectively managing resources and stakeholder requirements.