Director of Internal Audit

Direct-hire, No C2C, No visa sponsorship

Director of Internal Audit, Risk Management and Insurance

(3 days Hybrid onsite in DC)

Description

We are seeking an experienced and innovative Director of Internal Audit, Risk Management and Insurance, for the formation of a new inhouse internal audit function (supported by an external vendor). This role will oversee our risk management and internal controls program including Enterprise Risk Management. This role will also oversee the business and member insurance programs. This role will work in collaboration with the Treasurer & CFO and will partner closely with senior leaders across the organization.

You will be responsible for establishing, developing, and overseeing an internal audit team, developing, and executing internal audit strategy, and actively supporting the business with risk, process, and internal control perspectives in ongoing transformation efforts. You will play a critical role in aiding leadership in developing and executing initiatives that foster growth, innovation, efficiency and effectiveness, and a proactive control environment.

You will oversee the risk management and internal controls areas across the company including our maturing Enterprise Risk Management program working closely with our Compliance Office.

As a primary point of contact, you will maintain strong, productive relationships across the organization. The successful candidate will be a leader capable of influencing change, who can support business leadership in (1) translating organizational strategies into focused initiatives, (2) enhancing process and control capabilities, and (3) developing appropriate roadmaps and action plans, while seeking opportunities to advance the organization’s transformation efforts and create synergies.

Responsibilities

Internal Audit:

• Develop a comprehensive understanding of top-down goals, organizational objectives, and organizations business and risks to tailor our internal audit (IA) strategy/plan, focusing on value-added activities that support business strategy & transformation.
• Build a deep understanding of the company’s, external competitors, leading business practices and controls processes and overall industry trends to identify potential improvement opportunities and develop solutions with business partners.
• Lead the implementation of the IA plan through the execution of financial, operational, technical, and compliance related audits. Key activities include audit planning, stakeholder management, fieldwork execution, writing and presenting audit reports, the subsequent validation of remediated audit findings and managing economics.
• Develop audit reports on the effectiveness of the internal control structure for an executive level audience (Audit and Risk Committee; Board of Directors), ensuring reported findings are appropriately documented and supported by evidence.
• Keep leaders and peers informed about key issues, communicate effectively, and influence others to support a point of view, gain alignment, or take action.
• Be proactive in seeking out and maintaining audit best practices based on industry benchmarks
• Manage the process to track, follow-up, and evaluate the adequacy and timeliness of management’s responses and the corrective action taken on any findings, including validation of remediation activities. Work with the ELT to hold management and business partners accountable to recommendations.
• Coordinate the activities of external audit and other third-party assessors, including how best to leverage the work performed and results produced from Internal Audit’s control evaluation where possible.
• Serve as a value-add and advisory function to business partners by identifying ways to address audit findings or opportunities for enhancements with the goal of mitigating risk and improving financial and operational performance without compromising the third line of defense’s independence and objectivity.
• Communicate with and educate process owners effectively, including non-finance individuals, on the importance of controls, an effective control environment, and the role of IA.
• Exemplify the highest degree of trust and integrity by continually upholding the principles of the internal audit profession and through the Global Internal Audit Standards.

Risk Management and Insurance:

• Supervise the Enterprise Risk Management and Internal Control team including reporting at the Board and Audit and Risk Management Committee Level.
• Supervise the Member Insurance Program including overseeing the preparation of all the relevant budget and finance materials for the Insurance Trust.
• Work closely with the Assistant Director of Insurance Programs to oversee the financial performance of sponsored and endorsed plans.
• Support the Assistant Director of Insurance Programs in overseeing the administration of the Insurance Trust Board meetings.
• Supervise the Business Insurance Program including managing the Assistant Director of Insurance Programs.
• Oversee the central repository for relevant business insurance and associated claims information throughout the broader company and its subsidiaries.

Responsibilities, continued

Overall:

• Serve as the liaison for the Audit and Risk Management Committee which includes scheduling, coordinating the agenda and materials and working with the ARMC Chair and members. Make presentations to the ARMC and the company’s Board on relevant areas.
• Lead and mentor team members to deliver value on a range of initiatives.
• Advance the organization by leading initiatives to enhance overall team efficiency and performance through analytics, agile approaches, Artificial Intelligence, and other efforts.
• Develop leadership presence, and establish and maintain "trusted advisor" relationships, promoting robust collaboration with both stakeholders and staff through innovative approaches and strategic objectivity and independence.
• Drive talent development by recruiting, training, mentoring, and coaching diverse teams, fostering a culture of continuous learning and growth.

Education and Experience

• MBA or Bachelor's Degree in Accounting, IT, Finance, Business, or related field.
• Professional audit certifications preferred (CPA, CIA, or CISA).
• 10 years of experience in Big 4, Management Consulting, Multinational Corporate Environment, Internal Audit, Audit, IT, or related field.
• Financial services and public accounting experience preferred.
• 5 years managing multiple projects.
• Experience with Enterprise Risk Management
• 3 years experience managing a team
• Experience in insurance and corporate risk management
• Experience working with business partners to understand, assess and evaluate, design and test control environment.
• Experience in assessing processes, designing, and implementing internal controls, and continuous improvement.
• Experience analyzing data, evaluating trends, and assessing risks to develop insights.

Knowledge, Skills, and Abilities

• Strong finance, analytical, and accounting skills.
• Strong planning and organization skills, with the ability to be agile and manage large complex projects and synthesize information into executive presentations.
• Critical thinker that can work in ambiguous areas across multiple organizations with minimal direction.
• Self-starter who can work independently and spearhead projects.
• Excellent written and verbal communication skills to develop and deliver executive summaries.
• Ability to partner with all levels of personnel, including senior leadership.
• Strong problem-solving skills and a continuous improvement mindset.
• Ability to work in a highly collaborative, team-oriented environment.
• Experience supervising and motivating a team.
• Demonstrates strong integrity with unwavering ethical standards.
• Demonstrates strong people management, mentoring, development, and delegation skills.