Lead Principal, Internal Audit

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Job Description:

The Lead Principal Internal Audit is responsible for leading and managing audit teams through all aspects of the audit cycle including planning risk assessment developing and executing on audit procedures and effectively reporting that drives results accountability and value for the company. The role requires effective business acumen to deliver high quality audits covering operational financial strategic regulatory and compliance-related audits/reviews as well as SOX 404 for the Region. Ensures issues are well defined root causes identified and communicated effectively to management and remediation action plans are designed to address the root cause. Build and maintain strong relationships with business leaders across the organization to influence as needed. Develop regional internal audit team capabilities. Develops and implements emerging technologies for better and more predicative risk identification and mitigation and improved audit efficiency. The role requires the ability to identify prioritize and execute against key initiatives. Collaborates and coordinates activities with external auditors.

The Lead Principal Internal Audit is responsible for developing and implementing a comprehensive audit program that meets regulatory requirements industry standards and best practices.

The Lead Principal Internal Audit is also responsible for providing guidance and oversight to internal audit staff ensuring audits are conducted in a timely efficient and effective manner. This includes providing training and mentoring to staff as well as evaluating their performance and providing feedback to improve their skills and addition the Lead Principal Internal Audit is responsible for liaising with senior management to ensure audit findings and recommendations are addressed in a timely and effective manner. This includes preparing audit reports and findings to management and the Audit Committee and working with management to develop and implement action plans to address any identified issues.

The Lead Principal Internal Audit must have a thorough understanding of internal control frameworks risk management and regulatory requirements as well as experience with audit methodologies and tools. They should also be familiar with emerging trends and best practices in the internal audit field and be able to apply these to enhance the effectiveness of the internal audit function.

Overall the Lead Principal Internal Audit plays a critical role to provide independent objective assurance and consulting services designed to add value and improve Ingram Micros operations. The role is key to providing risk-based and objective assurance advice and insight through a systematic disciplined approach to evaluate and improve the effectiveness of governance risk management and control processes.

Audit:

• Participate in the development of biannual audit plans Develop on-going risk assessments of the changing risk profile including closely interacting with senior management to ensure understanding of strategies and control environment to ensure risk assessment is effective collaborative and inclusive. Develop region audit universe including entities business processes regulatory requirements and key initiatives.

• Based on the audit plan management requests and investigations execute audits/reviews in a timely and effective manner in accordance with professional standards. Develop robust risk assessments for engagements to establish the audit scope and activities to be performed. Maintain accurate and complete audit records including work papers reports and other documentation. Responsible for managing the audit engagement team providing training guidance and support as needed.

• Communicate audit findings to senior management the audit committee and other stakeholders including external auditors as appropriate including root cause and impact evaluation.

• Offer advisory services as needed to aid business initiatives and objectives.

• Conduct investigations to support legal and compliance efforts.

SOX:

• Develop and implement a Regional SOX compliance program in alignment with the organizations program. Participate in the quantitative and qualitative risk assessment process reviewing financial statement line items by entity to determine risk materiality and scope.

• Establish end to end process walk throughs to understand and document the process systems and control identification.

• Evaluate and test the effectiveness of internal controls over financial reporting to ensure compliance with SOX requirements including designing and executing test plans documenting test results providing recommendations for control rationalization and improvements to control processes.

• Communicate control deficiencies and gaps to senior management the audit committee and other stakeholders including external auditors as appropriate including root cause and impact evaluation. Work with management to develop effective remediation plans.

• resource planning for SOX execution providing training and guidance to other employees within the organization on SOX compliance requirements and the importance of maintaining effective internal controls over financial reporting while acting as a subject matter expert for the region on internal controls over financial reporting.

• Coordinate with external auditors during all phases of the SOX program and provide support as needed.

• Continuous improvement in SOX program execution and support strategic program evolution efforts through monitoring developments and improving execution methodologies to drive cost savings and efficiency.

Reporting:

• Following up on the implementation of audit recommendations. tracking the progress of remediation efforts and ensuring management has taken appropriate action to address the issues identified.

• Communicate issues with stakeholders including the executive management and external auditors in a timely manner through regular updates on the status of audit engagements discussing issues and recommendations and addressing any questions or concerns while establishing proper escalation channel to management as appropriate.

Global Audit Function Activities

• Continuously improve Internal Audit Departments reporting standards by evaluating the effectiveness of current reporting standards (format/method structure and content) to identify and implement improvements. Ensure reporting standards are consistent with the International Standards for the Professional Practice of Internal Auditing (IIA Standards). Lead automation efforts to customize specific reporting needs using existing internal audit tool. as well as researching potential new tools.

• Lead the adoption and integration of automation data analytics and artificial intelligence (AI) capabilities within the Internal Audit function to enhance risk identification audit coverage and execution efficiency while proactively anticipating and adapting to changes in the operating model arising from future finance initiatives.

• Prepare Internal Audit material for Audit Committee in partnership with Regional Internal Audit Leads and Chief Audit Executive highlighting audit plan progress and results issue trends and updates on deficiency remediation including key internal audit updates.

• Update internal methodology to assess complying with the recently published revised IIA standards including areas to improve audit efficiency and effectiveness reporting of results.

• Participate in the design and implementation of the fraud risk framework/program.

• Drive the advancement of data analytics and other technology initiatives to boost the innovation and capabilities of the Internal Audit function.

• Work together with the audit team to guarantee audit processes consistency and standardization and comply with professional standards.

• Educate and inform the finance and business community on the significance of a robust control environment.

• Help to identify and implement advanced audit technologies to enhance the Internal Audit functions capabilities.

Education and certification: The candidate should have a bachelors degree in accounting finance or a related field. A masters degree in a relevant discipline such as business administration or accounting is preferred. Additionally the candidate should hold a relevant professional certification such as Certified Internal Auditor (CIA) Certified Public Accountant (CPA) or Chartered Accountant (CA).

Relevant work experience: The candidate should have a minimum of 11-13 years of experience in internal auditing risk management or related fields with at least 7 years of experience in a leadership role. Experience in a Big 4 accounting firm or a large public company is highly desirable.

Technical skills: The candidate should have a deep understanding of accounting and auditing principles as well as experience with risk assessment internal control frameworks and audit methodology. The candidate should also have experience with data analytics and technology tools used in auditing. Strong knowledge of US GAAP accounting concepts and principles as well as IFRS and Sarbanes Oxley 404 experiences preferred.

Leadership skills: The candidate should have strong leadership skills including the ability to manage a team provide guidance and direction and build relationships with stakeholders. The candidate should also have excellent communication skills including the ability to present complex information to non-technical audiences.

Strategic thinking: The candidate should have the ability to think strategically and provide insights to senior management on risk management and internal control matters. The candidate should be able to identify emerging risks and provide recommendations on how to mitigate them.

Integrity and ethics: The candidate should have high ethical standards as well as the ability to maintain confidentiality and objectivity in their work.

Other Skills: The candidate can critically think collaborate influence and drive for results at all levels of the organization. He should have the ability to direct or manage multiple projects simultaneously.