Head of Internal Audit
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Job Location:
Salt Lake, UT - USA
Monthly Salary:
Not Disclosed
Posted on:
23 hours ago
Vacancies:
1 Vacancy
Job Summary
Ford Motor Credit Company (Ford Credit) has received regulatory conditional approval to form Ford Credit Bank (the Bank) to be headquartered in Salt Lake City Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles parts accessories and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (Ford Credit) an indirect wholly owned subsidiary of Ford Motor Company (Ford)
In this position
The Head of Internal Audit is a critical role that operates with a high level of independence uses extensive knowledge and skills to develop manage and advance a comprehensive risk-based audit program for the Bank. The objective of this role is to design and implement a comprehensive internal audit function within the Bank and manage a team of auditors covering the Banks business segments. Audit engagements may vary in size and complexity with significant scope and impact focused on the Banks activities. Reporting directly to the Audit Committee of the Board of Directors and administratively to the Bank President and CEO the role offers the opportunity to manage others to perform difficult assignments that are broad in nature and that require thoughtfulness and ingenuity with appreciable latitude for unreviewed actions or decisions. The Director provides comprehensive solutions to escalated complex problems. Results are evaluated at agreed upon milestones for effectives in achieving specified results. The Director also maintains extensive contact with executive management to lead others in identifying researching analyzing and resolving complex issues.
Responsibilities
What Youll do:
- Design and Implement a comprehensive risk-based Bank-centric internal audit program Develop and execute a robust Audit Plan for assigned businesses in accordance with Internal Audit standards relevant government statutes and regulations
- Oversee multiple audit engagements from the planning stages through the reporting stages
- Produce quality deliverables in accordance with both department and professional standards
- Apply expertise in one or more of the Banks businesses and leverages this knowledge into a leadership role in one or more teams
- Manage Audit Managers and Audit staff
- Establish strong relationships with senior leaders including executive management and related control groups
- Collaborate with Ford Motor Internal Audit external auditors and risk management counterparts within the Bank
- Use excellent communication skills to influence a wide range of internal audiences including respective product function or executive management partners
- Hold entire team accountable for meeting deliverables and adhering to Quality Assurance criteria using a consistent industry-consistent internal audit methodology
- Finalize audit findings and provide an overall opinion on the control environment. Communicate audit findings to management and identify opportunities for improvement in the design and effectiveness of key controls
- Implement and execute an effective program of continuous monitoring for assigned areas including monitoring of key metrics to identify control issues and adverse trends.
- Participate in major business initiatives and proactively advise and assist the business on change initiatives
- Stay up to date with evolving industry and regulatory changes that impact the business
- Build and maintain effective working relationships with Regulators and External Auditors
- Manage expenses in accordance with a budget solving for department inefficiencies and excess spending
- Performs other duties and responsibilities as assigned
- Travel approximately 20% of the time
Qualifications
Youll have
- Bachelors Degree in Business Administration Finance or Accounting with a minimum of ten (10) years of experience in the financial services industry
OR
- Any equivalent combination of experience education and/or training approved by Human Resources
- Demonstrated expertise in audit practices and methodologies including risk assessment
- Internal control concepts
- Advanced investment concepts practices and procedures used in the securities industry
- Principles of banking and finance and securities industry operations
Even better you may have
- CIA or another similar accreditation is desirable
- Make sound decisions while exhibiting initiative and intuitive thinking.
- Manage direct reports including Managers and Senior Auditors.
- Successfully interact with and influence senior leadership including executive management.
- Manage against deadlines associated with an annual audit plan.
- Present complex and sensitive issues to management in a persuasive manner.
- Demonstrate enthusiasm self-motivation effectiveness under pressure and the willingness to take personal risk and accountability.
- Multitask as well as assess and change priorities.
- Work well individually and in teams to share information support colleagues and encourage participation.
What Youll Receive in Return
As part of the Ford Credit Bank family youll enjoy excellent compensation and a comprehensive benefits package that includes generous PTO retirement savings and stock investment plans incentive compensation and much more. Youll also experience exciting opportunities for professional and personal growth and recognition.
If you have what it takes to help us redefine the future of mobility wed love to have you join us!
Candidates for positions with Ford Credit Bank must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire. Visa sponsorship is not available for this position.
We are an Equal Opportunity Employer committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race religion color age sex national origin sexual orientation gender identity disability status or protected veteran status.
This position is an LL5
For more information on salary and benefits #Hybrid #DA-1
Required Experience:
Director
Key Skills
- Administrative Skills
- Time Management
- Internal Audit
- Accounting And Auditing
- Leadership skills
- Organizational Skill
- Accounting & Finance
- Business Process Skill
- Communication
- External Audit
- Relationship Management
- Strategic Thinking Skills
- Team Player Spirit
- Budgeting Skills
- Problem Solving Skills
About Company
Ford® is Built for America. Discover the latest lineup in new Ford vehicles! Explore hybrid & electric vehicle options, see photos, build & price, search inventory, view pricing & incentives & see the latest technology & news happening at Ford.
