SENIOR DIRECTOR OF INTERNAL AUDIT

JOB DESCRIPTION

THE COMPANY

(Insert Background Information)

LOCATION

(Insert City and State)

THE POSITION

Reporting Relationships
The senior director of internal audit reports to the senior vice president, chief risk and audit officer, and
directs a staff of approximately X professionals providing support to Company X.

Responsibilities
The primary mission of the senior director of internal audit is to integrate audit services to provide
Company X executive management and the audit committee of the board of directors with assurance as
to the adequacy and effectiveness of the system of internal control throughout the company. In this
regard, the senior director of internal audit will inform them as to the effectiveness and efficiency of
operations, reliability of financial reporting, and compliance with applicable laws and regulations.

The internal audit role is part of the overall control/risk management environment established by
executive management and the board of directors, which resulted in the creation of the senior vice
president, chief risk and audit officer to whom this position reports. The audit director will help ensure that
business managers fulfill their responsibilities for managing risk while making certain that the objectives of
the organization are accomplished and the directives of management are carried out.

To achieve these objectives, the senior director of internal audit will provide strategic direction and
leadership in the areas of internal auditing throughout the corporation. Specifically, the senior director of
internal audit will design and implement the organization’s internal auditing programs and controls,
covering the areas of business systems and processes, financial and accounting systems, IT,
investigations, contracts, and business risk assessments.
• In collaboration with senior management and the audit committees, develop a comprehensive and
flexible audit plan using an appropriate risk-based methodology. Where appropriate, corporate risks
and priorities should be reviewed, validated and provided to the audit committees for review and
concurrence.
• Develop and implement a comprehensive audit program for evaluating the adequacy and
effectiveness of the company’s system of internal control and the quality of performance in carrying
out assigned responsibilities.
• Examine and evaluate the adequacy and effectiveness of the company’s system of internal control
and the quality of performance in carrying out assigned responsibilities.

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 • Implement the audit plan, including, as appropriate, any special tasks or projects requested by
management or the audit committees.
• Prepare periodic reports to management and, as appropriate, to the audit committees providing
information on the status and results of the audit plan and the sufficiency of audit department
resources.
• Manage, recruit and develop a professional audit staff with sufficient knowledge, skills, experience
and professional certifications to meet the corporation’s audit requirements.
• Evaluate and assess the internal controls surrounding due diligence processes.
• Participate, as requested, in due diligence processes.
• Issue periodic reports to the audit committees summarizing results of audit activities and findings of
significance.
• Promote high levels of ethical awareness and conduct within the company and administer
independent investigations of potential ethical problems or conflicts of interest. Notify management
and the audit committees of the findings, as appropriate.
• Prepare periodic reports for management and, as appropriate, for the audit committee on significant
issues related to internal control processes to ensure that these processes are appropriate for the
current and evolving business environment and to provide information concerning such issues
through resolution.
• Coordinate audit activities with those of the external auditors to ensure proper audit coverage,
elimination of duplication of effort, and improvement in the efficiency and effectiveness of audit
activities.
• Proactively interact with executive, business unit and operating company management to ensure that
their audit and business-risk management needs are met in a cost-effective manner.
• Where appropriate, provide an independent assessment of business management’s view on risk and
associated control effectiveness and evaluate the adequacy and effectiveness of business-risk
management processes and programs.
• Promote business unit and operating company ownership of internal controls and support objective
business risk management within the corporation.

THE CANDIDATE

Education/Certifications
Undergraduate degree preferably in math or accounting coupled with a post-graduate degree in business.
CPA required.

Professional Qualifications
• Strong technical knowledge
• Audit experience with a global multi-subsidiary company
• Knowledge of trading operations
• Previous experience within a major accounting firm
• Experience in recruiting and developing a large audit organization
• Ability to manage staff on several concurrent projects
• Experience leading cultural and organizational change within an audit function

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 Personal Characteristics
• Strong leadership skills and ability to attract and energize a talented staff
• Managerial courage to confront difficult issues with the appropriate response and communicate
appropriately and in a timely manner with all stakeholders in those issues
• Effective interpersonal skills, which allow candidate to relate well to all levels of management
• Clear and effective oral and written communication skills
• Ability to meet or exceed client expectations. Customers include department general managers,
senior management and other stakeholders.
• Ability to effectively, persuasively and with appropriate conviction present views to the external
auditors and the board of directors
• Highly self-motivated individual who will provide leadership and guidance to staff
• Strong analytical/quantitative skills
• Intelligent, clear and logical thinker
• Ability to fit well into a consultative role rather than a command and control role
• Ability to thrive in an environment of change
• Ability to assume a more senior management position
• Unquestionable ethics and integrity

In summary, the new senior director of internal audit will bring strong leadership skills and the ability to
oversee change management while raising the internal auditing function within this company to the next
level. He/she will possess a strong executive presence and exceptional communication skills, and bring a
comprehensive understanding of the complexities of the audit function within a complex enterprise.

CONTACT INFORMATION

(Insert Company Contact Information)

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