Director of Business Audit
: Job Details :

Internal Audit:

Internal Audit at Bessemer is an independent assurance and risk management function, reporting directly to the Audit Committee of the Board, with the mission of protecting the firm and enhancing its control environment.

Role Description:

The Director of Business Audit is a senior leader on the Internal Audit team, reporting directly to the Head of Internal Audit. The successful candidate will partner with the Internal Audit leadership team to establish strategic direction and priorities for the group, and will be primarily responsible for development, execution, and delivery of the non-Technology audit plan (comprising Investments, Fiduciary Trust, Finance, Operations, Risk, and Compliance). This individual will build and maintain strong relationships with executive management, the Audit Committee, risk and control partners and key regulators.

Responsibilities of the Director of Business Audit:

* Team Management - Lead and oversee a team of audit professionals who will execute and deliver the audit plan. Train, recruit, and mentor team members with the goal of developing best in class audit and risk professionals.

* Risk Assessment and Planning - Partner with the Internal Audit Leadership Team to continuously enhance the annual risk assessment strategy. Lead the execution of business risk assessments and develop the associated annual audit plan.

* Plan Delivery - Oversee the planning, management, and delivery of audits. Provide oversight and direction for audit teams throughout the end-to-end audit process. Maintain communication with key business managers. Review and issue audit reports.

* Department Strategy - Participate with the Internal Audit Leadership Team in development of the Department's strategic priorities and plans. Contribute to project identification, particularly focusing on opportunities to leverage data analytics and AI in the process.

* Issues Management - Oversee and coordinate remediation and reporting for audit issues. Manage the audit validation process and report results to senior management. Escalate past due and failed issues consistent with established policy.

* Reporting - Collaborate with the Leadership Team to develop, enhance and deliver periodic reporting to senior management and the Audit Committee.

* Relationship Management - Develop and maintain strong relationships with key business leaders, including Executive Committee members. Manage key external relationships, including external audit and various regulators.

Qualifications:

* Bachelor's degree in Finance, Business, Accounting, or other relevant subject areas.

* 15+ years of Internal or External Audit experience, preferably within the financial services industry.

* 5+ years in leadership roles managing teams and solving complex problems.

* Working knowledge of investment products, trust administration, asset management, and general accounting principles, as well as familiarity with laws and regulations related to trust, banking, and investments.

* Strong leadership, communications, and interpersonal skills. Ability to build and maintain key internal and external stakeholder relationships.

* Recognized audit certification, (e.g., CPA, CIA, CFIRS) or equivalent strongly preferred; non-certified hires are required to acquire Certified Fiduciary and Investment Risk Specialist (CFIRS) certification.

* Experience interacting with key regulators including the OCC and FDIC.

* Healthy skepticism along with strong critical thinking and problem-solving skills.

* Flexibility to work in both Woodbridge, NJ and New York City.

The base salary range for this position is $210K - $260K. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. It is not typical for offers to be made at or near the top of the range.

In addition, this position may be eligible for a discretionary incentive-based bonus based on individual and company performance.

Eligible employees may participate in a 401 (K) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability covering and paid holidays, vacation, and sick days.