The Director of Internal Audit leads the Domestic Financial/Operational and IT internal audit functions and provides leadership with SOX compliance at Toys "R" Us, Inc. In addition, this position leads the global risk assessment process, develops and executes a comprehensive internal audit plan, supports cross-corporate initiatives that improve management control systems, liaises with the company's external audit firm, and helps to foster an appreciation for a strong control environment across the organization. Given that the Internal Audit group is highly visible in the organization, the candidate must be able to present and translate audit results and business terminology to senior management. In addition, the Director must be able to interact effectively and build working relationships with all levels of business management and other members of the Internal Audit group.
The Internal Audit team is composed of Domestic and International Financial/Operational, IT, Store, and Lease Auditors and is responsible to apprise senior management and the Audit Committee on the adequacy and effectiveness of the internal control environment within the business areas. The Director will be responsible for overseeing the planning, execution, and communication of Integrated, IT and Domestic Financial/Operational audits. The Director will be a working Director who is able to lead and mentor a staff.
The Director will lead a team consisting of Domestic Financial/Operational and IT Audit Managers and Auditors. The Director will be responsible for team member development and talent enhancement. This position will report directly to the Vice President of Internal Audit.
Primary Job Responsibilities:
Oversee planning, execution, and communication of integrated, IT (technical and pre-implementation), and financial/operational audits based on audit universe and risks identified.
Lead the annual global risk assessment process to identify company risks and to evaluate management preparedness for those risks.
Conduct special investigations in coordination with Legal, Senior Management, External Auditors, and the Audit Committee in the area of fraud or misconduct, as necessary.
Monitor changes in Company policies and procedures, accounting auditing standards, and industry practices and ensure that controls are relevant.
Assist in the evaluation of new processes, policies, and systems that improve organization efficiency and effectiveness or enhance risk mitigation activities.
Implement Internal Audit Organization Transformation in order to more quickly and comprehensively assess and communicate the effectiveness of TRU's global internal control environment across the identified audit universe. Reengineer internal audit processes and train staff to significantly enhance efficiencies and conduct audits in 8 weeks.
Provide oversight and leadership of company's SOX program including management of external consultants and approval of annual budget and expenses.
Support external auditors and consulting firms with internal audit resources during SOX, Interim, and Year-end testing to minimize annual fees. Ensure that activities of the internal and external audit teams are aligned for coverage and efficiency.
Counsel management on the control and risk aspects of business processes, systems, and policies and procedures.
Implement data analysis and data mining tools to enhance audits and establish continuous auditing techniques.
Assist with preparation of materials for quarterly Audit Committee Meetings.
Aid in due diligence for possible new operations or mergers and acquisitions.
Lead special projects as directed by Senior Management and the Audit Committee.
Ensure the Internal Audit department is appropriately staffed and trained to perform its responsibilities.
Minimum of ten years experience in internal audit, with a combination of public accounting and private experience strongly preferred. Retail experience is a plus.
Bachelor's degree in Accounting or Finance; and MBA and/or CPA Certification strongly preferred.
Build strong working relationships and partnerships across organization. Utilize a collaborative and consultative approach.
Possess strong analytical, quantitative, and problem solving skills to identify business and process improvement opportunities and risks, implement procedural change, and establish internal controls.
Strong project management and organizational skills required to execute and complete projects on-time. Ability to simultaneously manage multiple projects and assignments with varying deadlines.
Possess strong intellectual curiosity and business acumen. Must be a self starter with the ability to work independently.
Prior experience with executing organizational transformation and process reengineering.
Demonstrate strong leadership and mentoring when dealing with a large and diverse workforce, and proven experience managing upwards.
Utilize strong verbal and written communication skills across all levels of the organization. Ability to express complex ideas in concise and simple terms.
Ability to think out of the box and do things differently, and will not hesitate to take chances.
Ability to travel up to 25%
Strong PC Skills and systems knowledge (Access, Excel, Oracle, Hyperion, etc.)
Proficiency essential in Microsoft Office products, including MS Excel, MS Outlook, Word and PowerPoint. Experience with ACL and other data mining tools is preferred.
One Geoffrey Way
Yes, 25% of the time
Toys R Us - 21 months ago
Toys“R”Us, Inc. is the world’s leading dedicated toy and juvenile products retailer, offering a differentiated shopping...