Director Internal Audit- ERM

Key Skills

Leadership, Lean Six Sigma, People management

Job Description

The Director Internal Audit uses operational and technical skills to support the Department objectives. Follows the Audit methodology providing strategic direction on the audits of coverage area, ensure a high quality of the audit work and audit reports, appropriately allocate audit staff in accordance with the pre-determined audit plan and budget hours and be able to adapt allocation of resources when audit plan changes, develop the annual audit universe for coverage area and be able to make adjustments based on needs and changes. Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.

The Director Internal Audit is responsible for the audit plan for Corporate Risk Management, which is Discover’s second line of defense. This includes Enterprise Risk Management, Corporate Governance, Issues Management, Vendor Management and Oversight, Change Management, Credit Risk Oversight, and Operational Risk Management.

Key Responsibilities:

What You’ll Do

• Use operational and technical skills to support Department objectives.

Following Audit Methodology

• Provide strategic direction on the audits of coverage area, ensuring that audit work and audit reports are of high quality.

• Allocate audit staff appropriately, in accordance with the pre-determined audit plan and budget hours, reallocating resources when audit plan changes.
• Develop the annual audit universe for coverage area and make adjustments based on needs and changes.

How You’ll Do it

• Supervise the execution of complex audits., in accordance with department policies and procedures.
• Provide strategic guidance and expertise on audit execution by applying knowledge of (company/industry/IT) best practices and processes to ensure proper strategic alignment.
• Share input and ensure proper identification and assessment of key business risks and controls.
• Produce findings/reports that are high-substantive quality, well-drafted and communicated, and delivered on schedule in conformity with department policy and procedures.
• Support, supervise, and develop staff as part of career development initiatives, including rotation programs within Discover, Change Initiative, etc.
• Staff audit and review with appropriately skilled resources. Assign staff roles that allow for their professional development. Manage staff development and job satisfaction, resulting in improved EOS scores.
• Execute and maintain the approved audit plan on schedule, maximizing resources and recommending plan changes as business developments arise.
• Supervise the Audit Finding Action Status Updates/Verification/ORE verification for your areas of responsibility. 
• Ensure regulatory items are effectively completed, validated, documented and reported timely.
• Ensure adequate participation in exams and effective verification of closed regulatory items.
• Participate in and support department strategic initiatives based on defined governance structure (for specific initiative) to improve Internal audit processes.
• Execute activities and committee meetings across the enterprise, including effective and timely reporting in line with regulatory expectations.

Qualifications You’ll Need:

The Basics

• Bachelor's degree in applied sciences, engineering, operations, accounting, finance, business, computer science, data science, or related field
• 10+ years of experience in applied sciences, engineering, operations, accounting, finance, business, computer science, data science, or related field
• 2+ years of people management, or related field

Bonus Points If You Have

• Master's degree in applied sciences, engineering, operations, accounting, finance, business, computer science, data science, or related field
• 4+ years of experience in leading public accounting or consulting firm, highly regulated environment, payment network and related technology services, Six Sigma, leading people in cross-cultural/international teams, or related experience
• Business, Six Sigma, Risk, STEM, or related certifications

Compensation:

The base pay for this position generally ranges between $147,000.00 to $223,400.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Benefits:

We also offer a range of benefits and programs based on eligibility. These benefits include:

• Paid Parental Leave
• Paid Time Off
• 401(k) Plan
• Medical, Dental, Vision, & Health Savings Account
• STD, Life, LTD and AD&D
• Recognition Program
• Education Assistance
• Commuter Benefits
• Family Support Programs
• Employee Stock Purchase Plan.