Purpose of Division:
The mission of the Internal Audit department is to provide independent, objective assurance designed to add value and improve the organization’s operations. Internal Audit helps the corporation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The scope of work of the Internal Audit department is to determine whether the corporation’s network of risk management, control, and governance processes, as designed and represented by management, is adequate and functioning in the prescribed manner.
Position Summary:
Reporting to the Chief Audit Executive, the VP, Internal Audit facilitates the efforts of the Chief Audit Executive (“CAE”) in directing and carrying out the function of examining and evaluating the effectiveness, efficiency, and economy of corporate activities and programs, in relation to the Corporation’s objectives and strategic goals. This would be undertaken by performing financial, operational, management, and compliance audits, including risk assessments, evaluation of reports, and analysis. Work consists of assisting CAE with planning, directing, and implementing a comprehensive internal audit program; and, advising the CAE on policies and procedures to ensure proper management of programs and investments in those programs.
“Due to the current pandemic circumstances and our commitment to provide the highest care for our community, NeighborWorks America requires all new employees to be fully vaccinated against COVID-19 before being hired. Candidates should be prepared to submit proof of COVID-19 vaccination upon hire or discuss accommodations in line with COVID-19 safety protocols.”
Essential Duties/Responsibilities:
1. Assists with the development of the annual audit plan using an appropriate risk-based methodology. Assists the Chief Audit Executive in the preparation of audit reports and materials for management, audit committee and the Board of Directors.
2. Serves as the lead for assigned audits and the review of business risks through financial, operational, and compliance audits of various functions, departments, or activities of the organization. Executes audit planning by performing research to assist in development of appropriate audit scope, audit programs, testing procedures relevant to risk and internal control objectives, timelines, workflows, and budgets.
3. Provide management with preliminary written report of results and recommendations. Communicate the objective and scope of audits, as well as any observations identified and provide recommendations which would facilitate the enhancement of controls, increase efficiency, improve processes and/or ensure compliance. Researches financial and operational business best practices, with a view to gathering information that would facilitate recommendations for resolution.
4. Provides analysis, consultation, and recommendations on internal policies and procedures. Formulates and administers a comprehensive program of internal audit policies and activities with emphasis on those areas where deficiencies have been noted. Ensures follow up on assigned programs/groups/projects and implementation of Internal Audit recommendation is completed.
5. Review or create various ad-hoc monthly, quarterly and operational reports subject to predefined criteria as requested by the Chief Audit Executive. Documenting analysis of various process/function flows of functional and program activities. Developing management reports from a continuous monitoring system and monitor exception reports.
6. Prepare, document and review comprehensive work papers, internal audit reports and relevant documentation; completely and accurately, to support audit conclusions. Maintaining audit files and database using the TeamMate audit management system.
7. Facilitates risk assessment meetings over functional and program activities in order to assess the impact and likelihood of risk events.
8. Assist the Chief Audit Executive with personnel management for direct reports, including but not limited to work plan development, performance evaluations, and time and attendance. Supervising assigned staff according to overall company policy, including: developing staff to maximize potential, monitoring and assisting staff with work progress, and monitoring performance to achieve goals and objectives.
9. Act as a liaison with the Corporation’s external auditors and consultants for all internal audit activities and services. Coordinate and assist with the scope of external auditors and other regulatory compliance for the purpose of providing optimal audit coverage to the Corporation. Guiding consultants contracted to perform internal audit projects under the overall supervision of the Chief Audit Executive.
10. Assist in the management and investigation of special projects and other relevant duties as assigned.
Nature of Work Contacts:
Board of Directors, Audit Committee, Board Staff, Officers, and Corporate Staff Officers.
Fiscal Responsibilities:
N/A
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