VP, Professional Practices Senior Audit Manager

General Summary

The VP, Sr. Manager, Professional Practices Audit reports directly to the SVP, Chief Audit Executive. Internal Audit Professional Practices is responsible for: managing professional practices; coordinating work planning activities; expanding and supporting the use of technology and data analytics; monitoring and reporting the implementation of the work plan; administering the Audit system; and coordinating training and professional development activities.

1–2 direct reports

• Responsible for the implementation and development of leading practices, strategy, and methodology. This includes proposing improvements and integrating audit professional practices, participating in bank wide meetings and working groups to support initiatives, providing or assisting in methodology / audit platform training, and producing sophisticated reporting on audit issues and KPIs to senior management and committees.
• Management of professional practices:
  • Serves as a thought leader on the evolving role of internal audit and keeps abreast of innovations, developments, and best practices in internal auditing to facilitate continuous learning and improvements in the Internal Audit Section. Includes research and drafting of standard operating procedures and guidance to ensure compliance with the IIA International Standards for the Professional Practice of Internal Auditing, coordinating, documenting, and communicating changes in policies, procedures, guidance, methodologies, and approaches, etc.
  • Administers and monitors the Internal Audit Section’s Quality Assurance and Improvement Program (QAIP) – ensuring the Section performs its work in accordance with IIA International Standards, planning and coordinating independent internal and external quality assurance reviews, advising the CAE on actions to further improve the internal audit services, and assisting in editing and reviewing audit outputs to ensure consistent conformance with QAIP requirements and best practices.
  • Coordinates the External Quality Assurance reviews.
• Coordination of work planning activities:
  • Optimize the efficiency and effectiveness of audit processes, and advise and support the CAE and the Internal Audit Management Team in scaling up assurance and advisory services in line with the evolving risk profile of the organization and stakeholder expectations, with an emphasis on rapid risk identification, mitigation, and reducing any assurance gap.
  • Develop and maintain the audit universe – proposing strategies and methodologies for risk‑based audit work planning, coordinating audit work planning activities, documenting, communicating, and ensuring broad acceptance of the work plan, performing ongoing and dynamic enterprise risk monitoring, and proposing reprioritization of internal audit services; maintaining and updating the audit work plan as appropriate.
  • Serve as focal point and primary administrator of the audit management software, leading user requirement definition, acquisition, configuration, liaison with IT, IS and vendors, and training and supporting end‑users.
  • Partner with the Internal Audit Management Team to identify opportunities to utilize data analytics and automation in methodology and reporting processes.
  • Expand and support the use of technology and data analytics in risk‑based work planning and engagement‑level planning, execution, and reporting.
• Monitor and report the implementation of the work plan:
  • Monitor progress of assurance and advisory engagements.
  • Prepare reports on the implementation of the internal audit work plan, including coordinating/drafting the Internal Audit Section’s input to the Executive Board and the Audit Committee.
  • Management Information/Performance Measurement: develop and generate exception‑based management reporting and KPIs against key department targets – plans, projects, assignments.
  • Prepare summary issue reports on common and cross‑cutting issues identified by assurance, advisory and investigation activities – preparing advisory communications on significant issues and audit results.
  • Manage the issuance and disclosure of internal audit reports – coordinating management…