Associate Director of Internal Audit

Job description

Feel Good About Doing Good The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years. While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world. Share Your Talent. Live Your Purpose. We are a growing and purpose-driven community of professionals. Join us to discover how you can meet your goals and ours! #LI-Hybrid Compensation T he wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational needs. The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location. At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $112,000-$190,500. Overview The Director of Internal Audit evaluates the adequacy and effectiveness of financial, cybersecurity and operating controls in order to safeguard Knights of Columbus assets. Manages work of auditors across multiple audits and supports VP of Internal Audit with senior leadership and Audit Committee reporting. Core Responsibilities Directly plan and manage all phases of the internal audit process in accordance with established industry standards and the Internal Audit Department’s Policies and Procedures. Assess governance, risk management and internal control (GRC) processes to identify internal control gaps or weaknesses related to key business risks. Keep VP of Internal Audit informed of issues and recommend resolutions. Perform internal audits and advisory reviews of a more complex nature, including but not limited to, actuarial principles, investments, artificial intelligence, regulatory, third-party service provider and system implementations. Assist in directing the activities of the audit team including work prioritization and scheduling; provides appropriate coaching, motivation, and feedback to audit team. Demonstrate positive influence on management to advance the internal control environment for the business through credible challenge and the identification, reporting and tracking of issues that align with industry best practices and regulatory requirements and expectations. Advance the internal audit risk assessment process that informs the annual audit plan. Evaluate quality of the internal audit function and suggest improvements, including developing and enhancing reporting dashboards to provide insights and foresight to senior leaders and the Audit Committee. Ability to effectively work from home and travel to home office at least once a month for department and team meetings. Skills Qualifications Required : Comprehensive understanding of audit and risk management methodologies Understanding of risks related to vendor management Strong interpersonal and relationship-building skills and a demonstrated record of building effective working relationships at all organizational levels Strong analytical and critical thinking skills and the ability to manage multiple priorities Outstanding oral and written communications skills Research and problem-solving capabilities Systems/Technical Knowledge: Microsoft Word, Excel, and PowerPoint TeamMate or another similar audit tool Education Required: BS or BA in Business, Accounting, or other equivalent areas of study 10 years of business experience in internal audit, accounting, or insurance industry experience or an equivalent combination of training and experience CPA, CIA, CISA or comparable designation desirable Physical Demands Must be able to remain in a stationary position for a majority of the workday. Authorization to work in the United States is required This position is not eligible for visa sponsorship KofC Cares Our mission is focused on family and faith, and we support our employees in seeking a balanced life. Employee benefits include: Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules. Professional Development: Certifications, designation, and tuition reimbursement. Retirement Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company. Health and Wellness: Short-term disability and term life insurance fully paid for by the company; Up to 12 weeks of childbirth leave under STD policy. One week of fully paid parental leave for all new parents, including adoptive and foster parents. A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions. The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage. Long-term disability insurance; Dental insurance; Vision insurance; Health club membership reimbursement; Employee Assistance Program