Financial Audit Lead - Chief Audit Office - Finance & Administration

CFA Institute; New York (NY); On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a dedicated Internal Auditor to enhance their financial control environment. In this dynamic role, you will lead audits, evaluate internal controls, and provide impactful insights to drive operational effectiveness. Collaborating with cross-functional teams, you'll ensure compliance with industry standards while adapting to a fast-paced environment. This position offers the opportunity to work closely with senior management and contribute to the evolution of internal audit methodologies. If you thrive in a challenging and innovative setting, this role is for you.

Qualifications

• 6+ years of audit experience with a focus on financial controls and SOX testing.
• Professional qualifications such as CPA, CA, CIA, or CISA are required.
• Strong knowledge of internal controls frameworks and risk standards.

Responsibilities

• Evaluate process-level and entity-level controls impacting financial reporting.
• Manage audit teams and execute the end-to-end audit lifecycle.
• Deliver data-driven assurance audit reports to leadership.

Skills

Audit Experience

Financial Controls

SOX Testing

Communication Skills

Critical Thinking

Analytical Skills

Education

CPA

CA

CIA

CISA

Tools

COSO Framework

PCAOB Standards

ISO Standards

NIST Standards

Job description

The energy of a newsroom, the pace of a trading floor, the buzz of a recent tech breakthrough; we work hard, and we work fast - while keeping up the quality and accuracy we're known for. It's what keeps us inventing and reinventing, all the time. Our culture is wide open, just like our spaces. We bring out the best in each other through collaboration. Through our countless volunteer projects, we also help network with the communities around us, too. You can do amazing work here. Work you couldn't do anywhere else. It's up to you to make it happen.

What's the role?
Internal Audit's mission is to provide independent and objective assurance to add value and improve operations. We serve as one of Bloomberg's critical lines of defence to protect our value and enable growth for a fast-paced technology company. Internal Audit partners with teams and leadership to mature Bloomberg's control environment, focusing on risk-based and practical recommendations. Internal Audit continuously evolves the audit model adapting to leading practices, innovation and an agile working model.

In this role, you will work closely with the Lead Auditors covering Bloomberg's global business, products, and services, with a primary focus on evaluating internal controls over financial reporting (ICFR). You will lead and execute audits aligned with financial control frameworks, driving assurance over the integrity and reliability of financial data and processes. Responsibilities will include managing audit teams, effectively executing the end-to-end audit lifecycle, and delivering impactful insights. This will involve partnering with audit team members and cross-functional teams to evaluate internal controls over financial reporting and influence change.

Internal Audit uses a co-sourcing model, augmenting the skills and experience available internally with the global expertise and resources from a Big 4 firm.

We'll trust you to:

• Evaluate process-level and entity-level controls impacting financial reporting, ensuring alignment with frameworks such as COSO and PCAOB standards.
• Review and oversee all aspects of the audit, including work done by the Big4 team assigned to the audit
• Execute audits using a combination of traditional and data-driven techniques to identify risks and areas for improvement
• Provide recommendations on the design and operating effectiveness of controls that mitigate the highest risks of our organization
• Deliver data-driven assurance audit reports to leadership summarizing findings, root causes, and practical recommendations to enhance internal controls and operational effectiveness
• Partner with senior management and key stakeholders to monitor and influence timely remediation efforts, and provide guidance on risk management
• Collaborate with management to interpret the significance of findings, and make practical recommendations, clearly articulating the value of the audit program
• Manage audit programs based on an aligned assurance model, partnering with other assurance providers to reduce assurance fatigue and increase coverage.
• Contribute to the evolution of the internal audit methodology, with a focus on ICFR efficiency and audit quality.
• Stay informed on evolving regulations and industry best practices related to financial control and reporting risk.
• Provide guidance and support audit staff, promoting a culture of continuous improvement

You'll need to have:

• Professional qualification required, e.g., CPA, CA, CIA, CISA
• 6+ years of audit experience, with a strong preference for backgrounds in financial controls, SOX testing, or financial statement audits.
• Experience working in a Big 4 accounting firm or internal audit function at a large global technology or financial services organization.
• Strong written and verbal communication skills (e.g., persuasion, influence, conflict resolution) with the ability to effectively communicate with individuals with diverse backgrounds
• Strong knowledge of internal controls, internal controls framework and risk standards (e.g. COSO, ISO, NIST etc.)
• Demonstrated professional judgment, critical thinking, and problem-solving skills
• Experience in applying modernized auditing techniques, with demonstrated analytical kills
• Ability to work effectively both independently and as part of a team, managing multiple priorities and meeting deadlines
• Ability to adapt standard best practices for internal audit considering our dynamic culture and environment
• A passion for learning and enthusiasm and self-motivation for our fast-paced, dynamic environment

We'd love to see:

• Deep experience with SOX compliance programs, including design, execution, and remediation oversight.
• Experience in performing assurance related work over software development, SaaS solutions, cloud, and data processes
• Direct experience developing and executing large scale financial control programs
• Working knowledge of the 2nd line of defence functions (e.g. compliance, risk management).