The Director of Internal Audit will have primary responsibility for overseeing NYRA’s Internal Audit function.
The Internal Audit function, under the responsibility of the Director of Internal Audit:
- Establishes and directs the Internal Audit team;
- Establishes strategic long and short-term goals, policies and procedures for the Internal Audit function;
- Examines NYRA’s system of internal controls and develops appropriate auditing strategies to include measuring and evaluating the effectiveness of financial, operational, regulatory, compliance and information technology internal controls;
- Provides consultation relating to significant internal control risks;
- Oversees the completion of internal audits and communicates results to provide assurance to Audit Committee and management that NYRA resources are being utilized effectively and efficiently and that controls appear adequate;
- Assists and supports the Audit Committee in carrying out their responsibilities and meeting the Committee’s goals and objectives as set forth in the Audit Committee Charter;
- Assists with NYRA’s enterprise risk management (ERM) initiative in accordance with activities identified as allowable for Internal Audit organizations by the Institute of Internal Auditors (IIA).
- Assists NYRA with appropriate activities with respect to establishing a risk and control framework.
- Manages and develops the Internal Audit staff.
Working with the CFO and the Chairman of the Audit Committee, the Director will identify and establish appropriate key performance indicator (KPI) metrics for the Internal Audit function and shall be accountable to deliver results in accordance with such KPI metrics.
The position will be expected to deliver the following to the organization:
- Impact – Identify approaches, processes, and standards for addressing internal control issues and operational efficiencies based on leading industry practices.
- Results – effect change without direct responsibilities. While adhering to the Standards of the Professional Practice of Internal Auditing as promulgated by the IIA with respect to Independence and Objectivity, the Director shall deliver value to NYRA by communicating and convincing others within the organization of the need to maintain effective and efficient internal controls, including where appropriate suggesting changes to concepts, practices, and approaches that have been in use for many years.
- Innovation – enhance NYRA’s risk and control framework, documentation and testing processes.
- BA/BS in Accounting required;
- CPA or CIA required;
- 8-10 years of increasing responsibility with a public accounting firm (big four firm experience is preferred).
- At least five years experience managing and directing a team of Internal Audit professionals executing a broad range of Internal Audit activities.
- Sarbanes Oxley Act experience is a plus.
- Knowledge of practices within the Not-For-Profit industry.
- Strong ability to effectively communicate with management and the Audit Committee members.