Internal Audit Director

2 weeks ago


Phoenix, Arizona, United States Cambridge Investment Research (USA) Full time
About the Role

Cambridge Investment Research Inc. is a leading independent financial solutions firm committed to fostering an inclusive and dynamic work environment. We are seeking an experienced Internal Audit Director to join our team.

Job Summary

The Internal Audit Director will be 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 creating, executing, and reviewing compliance tests and frameworks, as well as preparing and presenting 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 results, collect and evaluate responses, and follow up on action items to ensure compliance and address any deficiencies.
  • Configure updated WSP, WPP, and AML test result documents to reflect the latest compliance requirements.
  • Draft reports for CIRA, 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 PTE 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, including compiling department non-ACP results from the previous year and providing a testing calendar.
  • Create frameworks and conduct tests for Bridgeport, reviewing and refining test results to ensure compliance.
Requirements

The ideal candidate would possess an intermediate level of experience, typically around 5 or more years, with compliance, internal audit, or a related field, preferably within the financial services industry. This role requires a Series 7 and Series 24.

Preferred Skills
  • 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.
Compensation and Benefits

The salary range for this position is $90,000-$115,000. Cambridge Investment Research Inc. offers a competitive benefits 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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