SENIOR VICE PRESIDENT OF INTERNAL AUDIT JOB

DESCRIPTION

POSITION

The senior vice president of internal audit is responsible for managing a multilocation internal audit function,
overseeing the corporation’s internal control environment, liaising with lines of business and corporate
management on risk assessment and audit issues, reporting the development and execution of internal audit
plans and Sarbanes-Oxley audit plans to the audit committee, and managing the corporation’s quarterly financial
statement subcertification process.

RESPONSIBILITIES

This position is responsible for an annual budget of (Insert Dollar Amount).

SPECIFIC RESPONSIBILITIES
• Ensure that the audit process is utilized when identifying control weakness and developing recommendations
within all divisions and operations of the company. The focus of this service may be on the financial,
operational or information technology issues.
• Manage, plan, budget and establish objectives, and determine the corporate internal audit department team’s
organizational structure to ensure a continuing efficient audit operation. This includes developing a high-
performing audit team.
• Oversee the development of the internal audit plan using a risk-based approach in conjunction with senior
management, line-of-business management and external auditors. Present the plan to the audit committee
annually for approval.
• Provide regular reports to the audit committee on the company’s system of internal controls, significant audit
recommendations and investigations into fraudulent activity. Review and update the audit committee charter as
necessary.
• Coordinate and manage the relationship with external auditors on a worldwide basis. Manage the annual audit
fee negotiation process and present the results to the audit committee for approval.
• Oversee the preparation of an annual audit risk assessment.
• Ensure that internal audit methodologies are consistently applied and documented.
• Coordinate with the appropriate departments on acquisition due diligence and integration reviews.
• Interface regularly with senior corporate and line-of-business management.
• Partner closely with the human resources function for audit staff personal development, talent management,
career progression and department diversity.
• Benchmark regularly with peers through various forums.
• Manage X to X direct reports with a total team of X audit professionals based in (Insert Countries).
• Ensure that a robust training program is in place for the audit function.

1 Source: www.knowledgeleader.com
 QUALIFICATIONS/CHARACTERISTICS

We are seeking a well-rounded business partner who brings a broad-based audit background and a proven track
record of accomplishments with succession planning potential in either corporate or operational finance roles.

SPECIFIC QUALIFICATIONS
• Have highly refined analytical skills to quickly review and analyze business processes when identifying control
deficiencies as well as business operating problems and opportunities.
• Understand U.S. Generally Accepted Accounting Principles (GAAP), the Public Company Accounting
Oversight Board (PCAOB) and IIA Standards for the Professional Practice of Internal Auditing.
• Develop and demonstrate the effective use of financial systems and controls to facilitate the execution of risk-
based audits.
• Provide excellent executive presence for the board of directors.
• Understand Sarbanes-Oxley and its application in a decentralized company environment.
• Understand business strategy, organizational design and other business functions heavily.
• Have strong interpersonal, communication and team skills. Can work and communicate effectively with all
levels of management and staff.
• Demonstrate leadership and credibility. Be capable of generating a high degree of respect and trust, building
relationships rapidly with various operating units and corporate staff.
• Be extremely smart, quick, people-oriented, energetic and professionally aggressive with a strong work ethic.
• Have high personal standards and professional ethics with a commitment to excellence.
• Have appropriate education and certifications.

2 Source: www.knowledgeleader.com