Internal Auditor

Northstar Staffing Solutions • Somerville, NJ, United States • $200k - $250k / year • 1m ago

Req # : LW8121 | Type: Full Time | Posted: 10/21/2014 | Edited: 11/1/2014 | Fee: 20.00% Percentage Computed On Base Salary

L. Wolf and Associates Inc.

Minimum: N/A
Maximum: N/A
Target: $135,000
Bonus: N/A
Travel: None required
Sponsor/transfer H-13 and/or H-2B: No
Sponsor / transfer work permits: No
Paid relocation: No
Industry: Banking/financial

Job Description

The Internal Audit Department is part of the Audit and Internal Control Department, reporting to the CEO of the Group and the Audit Committee. The mission of Internal Audit is to provide the CEO and the Audit Committee with a reasonable assurance on the level of control over the operations. The Internal Audit Department helps the organization to reach its objectives by bringing a systematic, disciplined approach to assess and improve the efficiency of risk management, control, and governance processes. Therefore, it participates in the creation of added value to the Group.

In this context, an Internal Audit group has been established in the US in 2009. This group’s scope comprises all of our company's businesses within the US, including Operations, R&D, Industrial Affairs, and other businesses, but also conducts audit assignments worldwide.

As part of this group, the Internal Auditor is expected to contribute to the development of Internal Audit activities in the US. In particular, he is required to complete 3-week assignments either in the US or overseas on a regular basis. Internal Auditor’s objectives are to contribute, through his recommendations, to the reduction of risks, the safeguard of assets, and the improvement of the level of internal control within the Group.

Main Responsibilities and Tasks

Assignment preparation:

Perform interviews with corporate or local management and analyze data in order to:
1. Get familiar with the activity and the environment of the audited entity/activity.
2. Carry on a preliminary risk assessment based on the primary risks highlighted through these interviews and data analysis.
3. Become familiar with the Group procedures and standards related to the audited processes.
4. Become familiar, for the audited processes, with the standard audit programs and adapt them according to the audited entity/activity specifics.
5. Participate in the development of the ‘preparation memo’.

Fieldwork:

Attend audit opening and closing meetings.
Perform interviews for the audited processes and adjust the audit schedule accordingly (e.g., risk reassessment, work program priorities, test coverage, sampling).
Carry out the updated audit schedule by performing interviews and testing (control of data accuracy).
Highlight internal control deficiencies for the audited processes and:
1. Collect and gather relevant audit evidence.
2. Identify deficiency causes.
3. Assess consequences of identified deficiencies and the associated level of risk.
4. Identify and report internal control best practices.
5. Debrief recommendations and conclusions of the audit review with process owners.
6. Regularly update the Team Leader on fieldwork status and audit results.
7. Document audit fieldwork and results in the dedicated IS tool.
8. Take part in the ‘weekly update memo’ drafting and:
  1. Write the descriptive parts related to the audited processes.
  2. Write audit findings, recommendations, and best practices.
  3. Suggest recommendation priorities and implementation deadlines.
  4. Take part in the audit report drafting for the sections related to the audited processes.
  5. Participate in workgroups aiming at ensuring interactions with expert functions and at supporting the Internal Audit methodology.

Coordination and Thematic Group:

The Internal auditor will also have to contribute to the work program enhancement during the year.
The Internal auditor will also take part in some internal initiatives of the department.

Management / Autonomy:

The Internal Auditor is in charge of auditing the processes assigned to him/her by the Team Leader. The Internal Auditor has to demonstrate abilities to:

Adapt his audit approach to the entity’s context and to the risks identified through the audit of all processes.
Debrief both orally and in writing the tests, recommendations, and conclusions of audit reviews to the process owners.
Keep the Team Leader up-to-date on the completion of the audit fieldwork, especially through the notification of sensitive topics.
Meet the deadlines.
Ensure that audit professional norms as well as quality standards defined by Internal Audit Management are complied with.
Be objective and use his/her own judgment.

Qualifications

Basic Qualifications:

Bachelor's degree.
Minimum 5-year experience required, specifically in the Fraud context.
Certified Fraud Examiner is a must.

Preferred Qualifications:

External/Internal auditor background is highly recommended.
Certification is preferred (CIA, CRMA).
The knowledge of another language is preferred (Spanish).
Computer proficiency including Microsoft Word, Excel, and PowerPoint.
Ability to analyze and synthesize while being objective.
Good report writing skills.
Ability to work in a team environment and to adapt to multicultural environments.
Willingness to have international exposure and travel frequently (up to 40% outside NJ a year, by block of 3 weeks consecutively).
Adaptability and flexibility.
Ability to develop and maintain good interpersonal relationships.
Good communication skills both orally and in writing.
Open-minded attitude.
Ability to take initiatives.
Ability to work in a structured and regulated context with a sense of continuous improvement.