VP, Chief Audit Executive in Dodgeville, Iowa

Company: Fidelity & Guaranty Life


The work of Internal Audit is


critical to the organization and its efforts to identify and mitigate risks


inherent to the Companys business. The Chief Audit Executive (CAE) promotes


collaborative auditing to add value to the organization and align internal


audit processes with stakeholder expectations. This includes establishing tactical


and strategic objectives that align with the organizations objectives; leading


the Internal Audit group in accomplishing its goals; providing information to


improve the risk management and control processes; and evaluating the effectiveness


of internal controls for the Companys operational, compliance and financial reporting processes.



The Chief Audit Executive (CAE) reports to the Fidelity &


Guaranty Life (FGL) Audit Committee of the Board of Directors and


administratively to the Chief Risk Officer (CRO). The CAE will supervise a


staff of eight to ten professionals and manage outsourcing partners used to


supplement the internal audit process, as applicable.



The range of tasks to be performed includes,


but may not be limited to, the following:

  • Endorse a collaborative audit and


    advisory practice through strong, professional relationships with management

  • Build positive and value-added


    relationships with the CRO and other members of senior management team

  • Identify strategic risks and


    business objectives in the development and ongoing monitoring of the annual


    audit plan

  • Disciplined


    execution of strategy considering key business risks and plan for testing


    all pertinent risk areas

  • Coordinate with members of the Risk Department


    to enable effective risk management and integration of the Companys overall risk


    management strategy

  • Identify


    opportunities for process and control enhancements and/or developing


    recommendations to ensure risks are adequately mitigated

  • Present a summary of audit plan


    execution and results to the Audit Committee and senior management on a


    quarterly basis

  • Communicate noted issues, risks, and


    impact of control deficiencies to the Audit Committee and senior management in


    a clear and concise manner

  • Develop and maintain a quality


    assurance and improvement program that covers all aspects of the Internal Audit


    group

  • Provide oversight of Internal Audit director


    and staff including talent acquisition, retention and career development

  • Serve as a mentor for members of the


    Internal Audit group and provide education opportunities/plan to promote skills


    and knowledge development

  • Ensure adequate department resources,


    expertise and skills to execute the Internal Audit activity, including outsource


    relationships when gap in skills or resources exists

  • Performance management of the Internal


    Audit group, including writing evaluation and performance reviews for each team


    member

  • Oversee the execution internal


    control test procedures and provide necessary information for managements SOX


    404 assertion

  • Facilitate managements response and


    remediation plans for internal control deficiencies and observations identified

  • Liaison between external auditors


    and management in the evaluation of internal control deficiencies

  • Manage the


    development and implementation of systems and processes required to


    support the Internal Audit group

  • Establish policies and procedures to


    guide the Internal Audit Department

  • Identifying new


    rules issued by the applicable regulatory or governing body to remain


    current on auditing, emerging technologies, and regulatory trends

  • Complying with


    the Standards for the Professional Practice of Internal Auditing and Company


    policies and procedures

The preferred candidate will have the following experiences and/or education:

  • Bachelors


    degree in Accounting, Finance or related field

  • CPA, CISA and/or


    CIA license

  • Minimum 10 years


    of experience, majority from the insurance or financial services industry

  • Previous


    leadership role in an audit function

  • Advanced knowledge


    of Sarbanes/Oxley (SOX) and NAIC Model Audit Rule (MAR) compliance


    requirements

  • Advanced


    knowledge of the COSO 2013 Framework

  • Familiar with


    Institute of Internal Auditors (IIA) standards and compliance requirements

  • Masters in


    Accounting, MBA, or CISA credentials (preferred)



Skills


and Abilities



A successful candidate will possess the


following skills and abilities:

  • Collaborative leader with an ability


    to be effective in a complex environment

  • Self-starter who demonstrates initiative


    and displays a high energy level

  • Ability to inspire a shared vision


    and lead a high performing team

  • Strategic, innovative thinker with strong


    problem-solving and analytical skills

  • Professional and personal standards,


    unquestioned integrity and business ethics

  • Flexible and influencing

  • Tenacious, determined and able to


    deliver results within specified constraints

  • Ability to establish and maintain effective


    working relationships at all levels

  • Strong public speaking and


    presentation skills

  • Strong organizational skills and


    good attention to detail

  • Ability to work in a dynamic, fast


    paced multi-project environment

  • Proficient in MS Office

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