Director Internal Audit

Job ID:

250002

Location:

DC - L'Enfant Plaza

Full/Part Time:

Full-Time

Posting Open-Close

01/03/2025

-

01/20/2025

Union

NRP

Regular/Temporary:

Regular

Job Description

Department Marketing Statement:

The Internal Audit Director is a key member of the Audit and Compliance leadership team with overall responsibility for overseeing audits within assigned areas. The Director supports the execution of Internal Audit strategies and the development and implementation of a comprehensive and flexible risk-based Audit Plan under the guidance of the Chief Risk and Audit Officer. The Internal Audit Director leads a team of Metro staff and contracted audit professionals in providing technology-enabled internal auditing and advisory services while maintaining effective and collaborative stakeholder relationships.

The ideal candidate will have:

• Working knowledge of established standards, including the International Professional Practices Framework (IPPF) and the Global Internal Audit Standards from the Institute of Internal Auditors (IIA).

• Professional audit or risk management certification such as Certified Internal Auditor (CIA), Certification in Risk Management Assurance (CRMA), Certified Public Accountant (CPA), or similar qualifications.

Metro Audit and Compliance:

The mandate of Metro Audit and Compliance is to provide independent and objective internal auditing, risk assurance, and risk advisory services to Metro management that add value and enable change for strong organizational governance, effective risk management, and internal controls.

This mandate is accomplished by employing a systematic and disciplined approach to evaluating risk management practices and the system of internal controls and underlying business processes that support core objectives. We aim to support the creation and protection of organizational value by delivering risk-based assurance, advice, and insight.

Join our team if you are passionate about using AI and Data Analytics to enhance risk assurance and advisory services!

Minimum Qualifications

Education

• Bachelor's degree in Business Administration, Accounting or related field

Experience

• A minimum of ten (10) years of experience in audits, investigations, public accounting, financial management, quality reviews and/or other related fields to include a minimum of five (5) years supervisory experience in the related field

Certification/Licensure

• Professional Audit or Risk Management certification such as Certified Internal Auditor (CIA), Certification in Risk Management Assurance (CRMA), Certified Public Accountant (CPA) or similar is required

Preferred

• MBA in Business Administration, Accounting or related field

Medical Group

Satisfactorily complete the medical examination for this position, if required. The incumbent must be able to perform the essential functions of this position either with or without reasonable accommodations.

Job Summary

The Director, Internal Audit has overall responsibility for overseeing audits conducted within assigned areas. Position is responsible for assisting in the execution of Internal Audit strategies and Audit Plans. Incumbent will assist the Chief Risk and Audit Officer in achieving MARC¿s mission to provide independent and objective internal auditing and advisory services to WMATA management that adds value and enables change for strong organizational governance, internal controls, and effective risk management. The Director will accomplish MARC¿s mission by bringing a systematic, disciplined approach to the evaluation of risk management practices, to include systems of internal controls and underlying business processes that support core services. Incumbent will assist in identifying organizational risks; performing audits and reviews; augmenting organizational compliance through effective communication, support, education and training programs; and fostering the values of knowledge, honesty, integrity, respect and professionalism. The Incumbent will lead audit and assurance activities is assigned areas and deliver consulting services as deemed appropriate.

ESSENTIAL FUNCTIONS

• Supports the development and implementation of a comprehensive and flexible risk-based audit work plan using an appropriate risk-based methodology to perform risk-based auditing that identifies threats to WMATA¿s goals, targets and objectives using risk management techniques and principles.

• Provides overall supervision for ongoing and completed audits to include responsibility for the delivery of the final audit report, to ensure the audit engagements meet the stated objectives and are within scope. Reviews audit progress at critical stages, for example; end of audit planning, testing finalization, review findings and final report quality.

• Facilitates the effective use of assigned internal and contract audit resources, on-going needs analyses, and timely stakeholder involvement to ensure that department operating expenses and staff are used in a cost-effective and productive manner. Consistently monitors projects from a cost and time allocation perspective in accordance with the Audit Plan.

• Provides advice and counsel to management on audit and compliance-related matters to help ensure that WMATA management is current in their knowledge of and made aware of any significant changes to applicable government rules and regulations. This is accomplished by keeping job related certifications current, attending industry related best practices seminars and conferences, and coordinating relevant training, when appropriate.

• Directs audit and assurance activities for assigned areas in support of MARC¿s mission ¿ including development, implementation and oversight of audit and review programs, and the execution of audit activities to provide consistent guidance in line with MARC¿s mission, vision and values statements.

• Reviews policies and procedures for sufficient internal controls, consistency with current practice, and compliance with applicable regulations and the obligation for adherence. This is accomplished by through consistent reviews and audits of WMATA systems, processes and procedures.

• Directs the performance and completion of assigned audits and reviews in accordance with the appropriate professional audit standards to ensure that MARC work product meets methods and standards for quality. Adherence is accomplished by applying accepted, systematic, disciplined approaches to the evaluation of risk management practices and the system of internal controls and underlying business processes that support core services.

• Prepares periodic reports on audits and reviews conducted for assigned areas and the status of the management audit activities and, and in addition to formal audit reports, provides management and stakeholders with written documents detailing potential risks facing WMATA so management can formulate corrective action plans as deeded appropriate.

• Develops, implements and directs Internal Audit initiatives or programs based on WMATA strategic goals, objectives and targets to ensure that MARC provides a value-added risk and assurance function to WMATA. This is accomplished by staying in tune with WMATA¿s management.

• Resolves problems and obstacles to the timely and efficient completion of audits. Advises stakeholders of potential risks in a timely manner.

• Encourages and demonstrates a collaborative, cooperative, and productive working relationship with internal teams, external audit agencies, and WMATA management to ensure that WMATA implements the best operational practices. This is done through effective and clear empathetic communication and building trust-based relationships.

The essential duties listed are not intended to limit specific duties and responsibilities of any particular position. Nor is it intended to limit in any way the right of managers and supervisors to assign, direct and control the work of employees under their supervision.

Evaluation Criteria

Consideration will be given to applicants whose resumes demonstrate the required education and experience. Applicants should include all relevant education and work experience.

Evaluation criteria may include one or more of the following:

• Skills and/or behavioral assessment

• Personal interview

• Verification of education and experience (including certifications and licenses)

• Criminal Background Check (a criminal conviction is not an automatic bar to employment)

• Medical examination including a drug and alcohol screening (for safety sensitive positions)

• Review of a current motor vehicle report

Closing

WMATA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by applicable federal law.

This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job descriptions are available upon confirmation of an interview.