What are the responsibilities and job description for the VP, Internal Audit position at NewEgg?
As a VP of Internal Audit, you will partner with business unit leaders to maintain an awareness of changes to business risk profiles, and to educate and promote audit awareness of controls and accountability. The ideal person will bring 5-7 years of Internal Audit supervisor/management experience and will be responsible for executing key internal initiatives that embodies the true Newegg experience.
- The VP of Internal Audit reports directly to the CEO
- Assists in preparing the annual risk assessment and developing the annual internal audit plan
- Provides day-to-day supervision and guidance to the audit staff
- Manages audit projects and routinely interacts with senior and executive management
- Performs complex audits, as needed
- The VP of Internal Audit will typically have 4-6 direct reports
- Separately, the VP of Internal Audit will have various auditors assigned to the various audits/ projects that the VP of Internal Audit is managing
- While they are assigned to the audit/project, the VP is responsible to provide the day-to-day project guidance and review the quality and quantity of work prepared by the auditors
- Executes the approved annual audit plan including scheduling, project management, workpaper review, coordinating with auditees, and report review
- Audits should be risk-based and include robust audit planning and applicable audit techniques
- Submits timely and objective draft audit reports
- Such reports should be concise, fair, accurate and well written, and contain strong recommendations to strengthen internal controls and to comply with established Bank policies, procedures and applicable laws and regulations
- Plans and performs robust risk-based audits, as assigned
- Helps to select and has primary responsibility to develop and supervise staff
- Capable of building and maintaining strong team dynamics
- Oversees follow-up activities performed by the AICs to evaluate the sufficiency and timeliness of management responses and corrective action taken in response to audit recommendations
- Assists with preparation of Audit packages
- Attends Audit meetings and takes minutes at meetings, as assigned
- Manages business unit relationships to maintain an awareness of changes to business risk profiles, and to educate and promote audit client’s awareness of controls and accountability
- Guides the activities of the Internal Audit Department consistent with the International Standards for the Professional Practice of Internal Auditing adopted by the Institute of Internal Auditors
- Maintains sufficient knowledge of operations and applicable laws and regulations
- Maintains technical competence through continuing education
- At least 10 years related work experience, including at least 5-7 years of internal or external audit supervisory/management experience with increasing levels of responsibility
- Preferred professional certification such as CIA, CPA, CFSA, CBA, and/or CISA
- Outstanding oral and written communication skills as well as strong interpersonal skills with a demonstrated ability to deal effectively with all levels of management and staff
- Strong organizational and supervisory skills necessary to motivate, develop, train, and supervise audit staff
- Comprehensive understanding of risk-based auditing and audit techniques
- Strong project management skills
- Excellent analytical, critical thinking and problem-solving skills
- Must be a team player
supervisorrole : The VP of Internal Audit will typically have 4-6 direct reports
Mental Functions: Decisions may affect a work unit or area within a department. May contribute to business and operational decisions that affect the department. This position performs a variety of routine duties within established policies and procedures or by referral to supervisor's guidelines.
Physical Functions: Sitting required 90% of the time. Walking and standing required 5% of the time respectively. No heavy lifting required. Constant keyboarding and telephone usage.
Work Environment : Office cubicle environment with minimal exposure to the environment or health hazards.
Equipment Used : Standard office and computer equipment including MSOffice software, computer and telephone.
- Language Skills : Must be able to speak, read, write and comprehend English.
Bilingual in English and Mandarin is a plus, but not required.
Travel Requirements : #LI-EP1
