Managing Director, SoQM Monitoring, Evaluation & Reporting

Managing Director, SoQM Monitoring & Evaluation

The Managing Director, SoQM Monitoring & Evaluation directs the Firm's monitoring, evaluation & reporting program and provides independent assessment of the effectiveness of the System of Quality Management. The role is not responsible for performing root cause analyses, identifying quality trends, conducting predictive risk assessments, or evaluating action effectiveness, which are responsibilities of the Quality Intelligence & Causal Analysis function.

This role is responsible for directing activities that evaluate the design, implementation, and operating effectiveness of the Firm's SoQM and monitoring the effectiveness of remediation activities undertaken to address identified deficiencies.

The Managing Director provides leadership over the Firm's monitoring, evaluation & reporting processes, facilitates the assessment of deficiencies and quality-related trends, directs the annual SoQM evaluation process, and supports reporting to Firm leadership and external regulators. The role serves as a key source of objective evaluation and insight regarding the effectiveness of the SoQM and does not have responsibility for designing or implementing the Firm's quality management system or quality responses.

The Managing Director maintains an objective and independent perspective when evaluating the effectiveness of the Firm's System of Quality Management and related remediation activities and provides insights and recommendations to Firm leadership regarding opportunities for continuous improvement.

Job Duties:

Monitoring & Evaluation Leadership
• Directs the Firm's monitoring and evaluation program for the SoQM
• Directs activities designed to identify, evaluate, and communicate deficiencies within the Firm's SoQM
• Directs the assessment of the design, implementation, and operating effectiveness of the Firm's SoQM in accordance with QC 1000, ISQM 1, and SQMS 1
• Directs the annual SoQM evaluation process and preparation of conclusions and certifications required under applicable professional standards
• Facilitates the analysis of findings identified through monitoring activities, inspections, root cause analyses, and other quality-related information sources
• Evaluates the severity and pervasiveness of identified deficiencies and their impact on the effectiveness of the SoQM
• Collaborates with others on directing monitoring activities to assess the effectiveness of remediation efforts and corrective actions implemented in response to identified deficiencies
• Provides objective challenge and evaluation regarding the effectiveness of remediation plans and whether corrective actions adequately address identified deficiencies

Risk, Controls & Quality Monitoring
• Collaborates with stakeholders to understand quality risks impacting the Firm's ability to perform engagements in accordance with professional standards
• Evaluates whether quality responses and controls established by process owners adequately address identified quality risks
• Directs testing and monitoring activities related to the operation and effectiveness of controls within the SoQM
• Evaluates compliance with documentation and retention requirements associated with the operation of the SoQM and related monitoring activities

Reporting & Governance
• Directs the preparation of SoQM monitoring reports, annual evaluations, and related communications to Firm leadership and governance bodies
• Coordinates and administers the External Quality Control Function (EQCF) review process (if applicable)
• Assists in the development, monitoring, and evaluation of Audit Quality Indicators (AQIs)
• Assists with PCAOB data requests and regulatory inquiries related to the Firm's SoQM
• Presents monitoring results, evaluation conclusions, significant deficiencies, remediation assessments, and recommendations periodically to Firm leadership as directed by the QMI leader
• Demonstrates thought leadership and an inquisitive mindset to identify trends and opportunities to enhance monitoring and evaluation activities
• Supports continuous improvement of monitoring methodologies, evaluation processes, and quality…