The Director, Internal Controls will be a key member of the Internal Audit leadership team responsible for leading the company’s SOX (Sarbanes-Oxley) program. The scope of the role includes leading the strategy, project management, training, testing, and reporting for the company’s SOX compliance program.
The objective of the SOX program is to support management’s goal of having an effective control environment while balancing resource requirements to be cost efficient. The ideal candidate will be responsible for leading, managing, and developing a team within the internal audit organization to support these programs as well as be part of Internal Audit’s leadership team. We are looking for an individual with excellent communication skills, with the ability to build and maintain strong relationships with business leaders across the organization to influence the overall programs. The ability to identify, prioritize and execute against key initiatives is a critical component of this role.
- Develop the strategy and lead the execution of the company’s program for internal controls over financial reporting, including working with management to design effective and efficient controls and lead the testing, remediation and monitoring strategy to comply with Sarbanes Oxley (SOX).
- Work cross-functionally to develop and maintain RACI to support strong governance and accountability of the SOX program with business partners.
- Lead annual IA resource plan of approx. 10,000+ hours. Identify opportunities for cost savings through program strategy, external auditor reliance, and outsourcing activities while improving the effectiveness of the program.
- Develop process and present on-going updates to stakeholders including summarizing, evaluation of control issues and deficiencies.
- Identify and lead “deep-dive” engagements to evaluate and recommend changes to control design with process owners or support new activities/systems that affect the control environment.
- Lead initiatives to work with business unit financial and operational leadership to gain a detailed understanding of significant business areas and recommend opportunities to enhance or streamline controls. This includes working with Internal Audit’s Business Intelligence team to develop continuous monitoring and auditing programs.
- Identify gaps in the internal controls design that could lead to financial reporting risk and correct design deficiencies.
- Propose and plan processes and systems that are in-scope and plan annual work assignments for the team through risk-based scoping approach.
- Coordinate with external auditors to gain efficiencies in the overall program.
- Partner with stakeholders to assess the impact of known controls deficiencies and analyze the magnitude of design and execution issues reported throughout the year.
- Work with management and control owners to remediate control deficiencies, as applicable.
- Prepare program updates for the Finance and Audit Committee of the Board of Directors.