VP of Internal Audit

The VP of Internal Audit provides strategic leadership and oversight to the internal audit department within an organization. They are responsible for planning, executing, and reporting on internal audit activities to ensure compliance with regulations and internal policies. The VP of Internal Audit collaborates with executive management to identify risks, develop risk mitigation strategies, and enhance internal controls. They must have extensive knowledge of auditing principles, governance frameworks, and risk management practices.

Responsibilities

• Develop and execute an internal audit plan based on risk assessments and organizational priorities.
• Lead internal audit engagements, performing detailed audit testing and data analysis.
• Identify areas of potential risk and develop strategies to mitigate those risks.
• Evaluate the effectiveness of internal controls and provide recommendations for improvement.
• Manage relationships with external auditors and regulatory bodies.
• Stay updated on changes in regulations, accounting standards, and auditing practices.
• Prepare and present reports to executive management and the audit committee.
• Lead and mentor the internal audit team, providing guidance and feedback.