Director of Internal Audit- Head of Audit Professional Practices

Are you a seasoned audit professional looking to take the next step in your career? Discover Financial Services is seeking a highly experienced and knowledgeable individual to join our team as the Director of Internal Audit - Head of Audit Professional Practices. In this role, you will be responsible for overseeing our internal audit practices and ensuring compliance with industry standards and regulations. We are looking for a dynamic leader with a strong background in internal audit and a passion for driving continuous improvement and excellence within our organization. Join us and make a meaningful impact on the financial industry while advancing your own career.

1. Develop and implement effective internal audit strategies, policies, and procedures in accordance with industry standards and regulations.
2. Monitor and assess the effectiveness and efficiency of internal controls and compliance processes within the organization.
3. Lead and manage a team of audit professionals to ensure the timely completion of audit projects.
4. Provide guidance and training to internal audit staff on best practices, industry trends, and regulatory changes.
5. Conduct risk assessments and develop risk-based audit plans to address potential areas of concern.
6. Communicate audit findings and recommendations to senior management and provide guidance on remediation efforts.
7. Collaborate with other departments and stakeholders to ensure a comprehensive and integrated approach to risk management.
8. Stay updated on industry developments and changes in regulations to ensure the organization's audit practices remain current and effective.
9. Identify opportunities for process improvements and cost savings within the internal audit function.
10. Foster a culture of continuous improvement and excellence within the internal audit team.
11. Maintain strong relationships with external auditors and regulatory agencies.
12. Represent the organization in meetings and conferences related to internal audit practices.
13. Develop and manage the internal audit budget and allocate resources effectively.
14. Ensure compliance with ethical and professional standards in all internal audit activities.
15. Provide regular reports and updates to senior management and the Board of Directors on the status of internal audit activities and findings.

According to JobzMall, the average salary range for a Director of Internal Audit- Head of Audit Professional Practices in Riverwoods, IL 60015, USA is $175,000-$225,000 per year. However, this salary range can vary depending on factors such as experience, education, industry, and company size. Additionally, bonuses and other incentives may also be included in the compensation package.

Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.