Internal Audit Director

3 days ago


Phoenix, Arizona, United States Cambridge Investment Research (USA) Full time
Job Summary

The Internal Audit Director is responsible for conducting comprehensive audits and evaluations of internal processes, ensuring compliance with industry regulations, and contributing to the overall risk management strategy. This role involves the creation, execution, and review of various compliance tests and frameworks, as well as the preparation and presentation of audit results to senior executives.

Key Responsibilities
  • Complete the quarterly scorecard, updating processes and procedures, including evaluating system outages and comparing Talkdesk calls versus application features.
  • Execute specific internal audit testing to ensure compliance with regulatory standards and identify areas for improvement.
  • Evaluate new regulations to determine the need for additional testing. Develop and implement new compliance tests as required.
  • Review test results, make necessary adjustments, and ensure the accuracy and relevance of the testing process.
  • Write and issue Department ACP (Annual Compliance Program) results, collect and evaluate responses, and follow up on action items to ensure compliance and address any deficiencies.
  • Configure updated WSP (Written Supervisory Procedures), WPP (Written Policies and Procedures), and AML (Anti-Money Laundering) test result documents to reflect the latest compliance requirements.
  • Draft reports for CIRA 206(4)-7, CIR 3120, and CIR/A AML unified results, presenting findings to the CEO and executive team.
  • Develop non-ACP results and frameworks for compliance areas such as DOL (Department of Labor) PTE (Prohibited Transaction Exemption) testing, including the creation of new tests and frameworks as needed.
  • Lead the risk ranking exercise for the Risk Coalition, manually compile data, run scoring meetings, document ongoing notes, and follow up on outstanding items.
  • Contribute to the development of the Internal Audit Roadmap and Strategic Plan, ensuring alignment with organizational goals.
  • Manage requests from RSM (external auditors), including compiling department non-ACP results from the previous year and providing a testing calendar.
  • Create frameworks and conduct tests for Bridgeport 206(4)-7, reviewing and refining test results to ensure compliance.
Requirements
  • Intermediate level of experience, typically around 5 or more years, with compliance, internal audit, or a related field, preferably within the financial services industry.
  • Series 7 and Series 24 certifications.
  • Strong understanding of regulatory requirements, particularly in areas such as AML, DOL PTE, and other financial regulations.
  • Excellent analytical, organizational, and problem-solving skills.
  • Strong written and verbal communication skills, with the ability to present complex information to senior management.
  • Ability to manage multiple projects and deadlines with a high level of accuracy and attention to detail.
  • Proficiency in audit software and compliance management tools.
Benefits

Cambridge Investment Research offers a competitive benefits package, including a premium benefit package including medical, vision, dental, life and long-term disability insurance, vacation/sick time, 401K retirement plan with company matching program, and eleven paid holidays.



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