VP of Internal Audit
Company: PR/Marketing /Advertising, Chicago, IL
Posted on: December 9, 2018
The Vice President - Internal Audit leads the Company’s internal audit function and provides an independent and objective evaluation of the design and operating effectiveness of Company’s governance, risk management, and internal controls. Key areas of responsibility include risk assessment, audit plan development, direction and oversight of internal audits, communication of audit results and recommendations, and talent development. The Vice President – Internal Audit also directs the Company’s integrated Sarbanes-Oxley Section 404 planning, performance testing, compliance and reporting processes. Required Skills Risk Assessment: Identify risks to the achievement of the Company’s objectives and to the reliability of its financial reporting. Evaluate risks with respect to likelihood, potential severity, and the potential existence of mitigating factors. Communicate key risks to the Board of Directors and management and provide recommendations for appropriate risk-mitigation actions. Audit Plan Development: Based on the risk assessment, develop an annual audit plan for review and approval by the Audit Committee. The audit plan will consist of a work plan and resource requirements to meet objectives identified by the Audit Committee. Review and adjust the audit plan as needed to adapt to changes in the Company’s business, risks, systems, and controls. Direction and Oversight of Internal Audits: Direct the activities of the internal audit department in order to execute the audit plan. Ensure audit engagements are appropriately planned and scheduled. Set standards and policies for audit engagement execution and documentation. Review audit documentation and evaluate the adequacy of audit evidence. Monitor the organization’s progress towards remediation of identified deficiencies. Communication of Audit Results and Recommendations: Issue timely reports of the results of audit engagements to senior management and the Audit Committee. Provide a balanced evaluation of audit results and recommendations for improvement of internal controls and operating procedures. Communicate the status of remediation of identified deficiencies. Based on the risk assessment and audit findings, present insightful analysis to senior management about trends in the organization, important developments in systems and controls, and opportunities for improvement. Talent Development: Attract and select talented people to improve the overall organization. Apply proven approaches for selecting high-quality employees. Support the audit team’s professional development and career advancement and provide opportunities for skill enhancement through on-the-job experiences. Utilize recognition and constructive feedback to elicit peak performance from all talent. Required Experience Ability and willingness to rotate into a finance management or operations role in 3-5 years 10+ years progressive business experience including experience in audit or financial management roles Experience in a complex, publicly-traded global organization Experience across several finance disciplines, including FP&A, Accounting, Financial Reporting, Shared Services, Treasury, Investor Relations, and/or Tax is a plus Bachelors degree in accounting or finance, or equivalent practical experience must be thoroughly familiar with auditing and accounting principles, risk and control principles, Sarbanes-Oxley requirements and GAAP CPA, CIA and CISA certifications are a plus Executive-level communication skills required, including ability to effectively present to Board-level and external audiences Demonstrated ability to lead a team; strong commitment to selecting, retaining, and developing future finance leadership
Keywords: PR/Marketing /Advertising, Chicago, IL, Chicago , VP of Internal Audit, Accounting, Auditing , Chicago, Illinois
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