Senior Manager, Internal Audit

Senior Manager, Internal Audit

Location:

Irvine, California - Hybrid (Mon-Thu in office/Friday remote)

Semtech Corporation is a high-performance semiconductor, Internet of Things ("IoT") systems and cloud connectivity service provider. The end customers for the Company's silicon solutions are primarily original equipment manufacturers that produce and sell technology solutions. The Company's IoT module, router, gateway, and managed connectivity solutions ship to IoT device makers and enterprises to provide IoT connectivity to end devices. The Company designs, develops, manufactures, and markets a wide range of products for commercial applications, the majority of which are sold into the infrastructure, high-end consumer and industrial end markets.

The Senior Manager, Internal Audit reports to the Senior Director of Internal Audit (Head of Internal Audit) and plays a critical role in monitoring the risk environment, strengthening the overall control environment, and delivering high-quality audit and advisory work across SOX compliance, IT general controls, and operational audits. You will lead and work closely with the internal audit team, engaging cross-functionally with internal and external stakeholders to understand, define, and update systems and control procedures making a meaningful impact on how Semtech operates while developing strong business relationships across the organization.

Successful individuals will be responsible self-starters who are able to work both independently and in a team setting, have good prioritization and organizational skills, are detail oriented, and have excellent systems and data analysis skills. They bring exceptional project management skills, strong executive communication skills, and the technical fluency to bridge financial and IT audit domains. They are independent learners who take accountability and ownership of their work and outcomes.

This role requires flexibility to participate in meetings across global time zones and to travel domestically and internationally as business needs dictate.

• SOX Compliance, Financial Controls & IT Audit
• Lead all aspects of the SOX 404 compliance program including planning, scoping, risk assessment, control rationalization, and deficiency assessment; coordinate with external auditors on integrated audit reliance, including scoping, timing, work product review, and strategies to maximize reliance on internal audit work
• Evaluate design and operating effectiveness of key controls over financial reporting in accordance with PCAOB standards and COSO 2013; support management's assessment of ICFR and drive corrective action remediation
• Maintain and continuously improve SOX documentation including but not limited to process narratives, flowcharts, risk and control matrices, and testing and review scripts
• Oversee and manage the Audit Board SOX tool, ensuring control documentation, assigned owners, tasks, and data are accurately and timely maintained and logically organized to support a streamlined and efficient audit process
• Serve as the Internal Audit function's primary subject matter expert on IT audit; plan and execute ITGC testing and/or review across areas including but not limited to logical access, change management, computer operations, and data backup/recovery
• Evaluate IT application controls, automated controls, and ERP segregation of duties within in-scope systems (including SAP); assess business process segregation of duties across key financial cycles and IT systems; review SOC 1 and SOC 2 Type 2 reports and assess complementary user entity controls (CUECs)
• Operational Audits, Project Management & ERM
• Lead development of the annual risk-based internal audit plan and independently manage multiple concurrent audit and advisory engagements from planning through final report issuance, ensuring on-time, high-quality delivery
• Provide advisory services to management on internal control design and improvements in connection with areas including but not limited to company policy updates, process changes, business transformation initiatives, and system implementations including pre- and post-implementation SDLC reviews and ITGC SOX readiness assessments for new or modified systems
• Plan and execute operational audit engagements across Semtech's business functions including but not limited to supply chain, procurement, contract manufacturing, treasury, and revenue; lead and manage distributor pricing compliance audits, royalty audits, ERM-related initiatives, or other audit projects; identify root causes of control gaps and develop practical, business-aligned recommendations; present verbal and written audit results to management with corrective action guidance
• Apply data analytics and computer-based tools to audit planning, control testing, and reporting; devise approaches to test process efficiency, quantify opportunities for business improvement, and identify and disseminate best practices across the organization
• Prepare clear,…