The Director of Audit Strategy and Operations will focus on audit methodology, risk assessment, operations (e.g., internal systems (i.e., Audit Board), scheduling, SOX Compliance, Data Analytics and executive reporting. Key areas of responsibilities include: Ensuring and efficient audit process / methodology is executed, scheduling staff and senior auditors on audits -representing a pooled resource group, ensuring the data analytics function supports audits efficiently and also monitors key indicators for risk assessment, directs the SOX PMO to ensure compliance and effective communication with the external auditor (i.e., EY), and other special projects as directed by the Chief Audit Officer. In addition, assisting in Audit Committee of the Board of Directors agenda and reporting preparation. Finally, coordinating Internal Audit quality assurance and training initiatives.
Essential Job Functions
Internal Audit Strategy, Operations & Support
*Create and maintain documentation on Internal Audit’s methodology, to include strategy / mission / vision and compliance with the Institute of Internal Auditors (IIA) standards.
*Create project plans and drive the implementation of internal audit strategic initiatives, interfacing with both internal audit teams and internal “client” teams
*Manage the staffing of senior and staff auditors globally, to ensure audit projects are staffed appropriately, while gaining efficiencies and meeting plan objectives. Establish processes and rules with staffing the pool of auditors, ensure that ultimately, there is a cross-trained population of staff and senior auditors that can effectively work on operational, compliance and / or IT audits.
*Prepare / Draft required reporting in alignment with the Chief Audit Officer, to include weekly executive reporting, Audit Committee preparation, other periodic management reporting
*Manage the annual risk assessment process, in strong collaboration with the Internal Audit Leadership team.
*Maintain Internal Audit’s system, AuditBoard, and ensure its structure aligns with Internal Audit methodology and goals; ensure it facilitates efficiencies in the audit process
*Direct the audit issue follow-up processes; ensure appropriate escalation occurs timely, as necessary.
*Direct a succession planning program, to be aligned with a skills assessment of auditors.
*Maintain and monitor Internal Audit Department goals
*Coordinate internal audit conferences for the department and maintain / build other training courses, as deemed necessary
Internal Quality Assurance Reviews (QARs)
*Enhance and maintain an internal quality assurance program to ensure internal audits are performed in compliance Institute of Internal Auditing (IIA) standards
*Execute the QA program, providing reporting to the Chief Audit Officer and CFO, upon request
*Required to manage one audit annually
SOX Compliance
*Direct the SOX PMO Leader to ensure the program is effective to ensure the scope of key financial control evaluation is adequate
*Develop and maintain a strong business relationship with external audit Partner and management, increasing reliance on Internal Audit’s SOX Compliance results
Data Analytics
*Direct the Data Analytics team, based in Vilnius, Lithuania; provide guidance and direction to ensure productivity and effectiveness of the team’s execution
*Partner with business leaders on special projects and ad hoc analysis used to understand and solve challenges, create new opportunities and identify / mitigate business risks
FX/Owned Store Global Audit Program
*Direct the Global internal audit program for all FX businesses and Company owned stores
*Manage Global FX audit team, based in the UK