Internal Audit Director

Overview: About Us: Cambridge Investment Research Inc. is one of the nations top independent financial solutions firms. We are committed to fostering an inclusive and dynamic work environment where innovation, collaboration, and growth are encouraged. Our team is dedicated to driving success and creating a workplace where every employee feels valued and empowered. Job Summary: The Internal Audit Director is responsible for conducting comprehensive audits and evaluations of internal processes, ensuring compliance with industry regulations, and contributing to the overall risk management strategy. This role involves the creation, execution, and review of various compliance tests and frameworks, as well as the preparation and presentation of audit results to senior executives. The Auditor plays a key role in supporting the company's regulatory compliance initiatives and maintaining the integrity of the organization's operational practices. Essential Duties: Scorecard and Process Updates: Complete the quarterly scorecard, updating processes and procedures, including evaluating system outages and comparing Talkdesk calls versus application features. Internal Audit Testing: Execute specific internal audit testing to ensure compliance with regulatory standards and identify areas for improvement. Regulation Evaluation & Test Creation: Evaluate new regulations to determine the need for additional testing. Develop and implement new compliance tests as required. Test Review & Adjustment: Review test results, make necessary adjustments, and ensure the accuracy and relevance of the testing process. Department ACP Results Reporting: Write and issue Department ACP (Annual Compliance Program) results, collect and evaluate responses, and follow up on action items to ensure compliance and address any deficiencies. Document Configuration: Configure updated WSP (Written Supervisory Procedures), WPP (Written Policies and Procedures), and AML (Anti-Money Laundering) test result documents to reflect the latest compliance requirements. Regulatory Result Reporting: Draft reports for CIRA 206(4)-7, CIR 3120, and CIR/A AML unified results, presenting findings to the CEO and executive team. Non-ACP Compliance Reporting: Develop non-ACP results and frameworks for compliance areas such as DOL (Department of Labor) PTE (Prohibited Transaction Exemption) testing, including the creation of new tests and frameworks as needed. Risk Coalition Management: Lead the risk ranking exercise for the Risk Coalition, manually compile data, run scoring meetings, document ongoing notes, and follow up on outstanding items. Strategic Planning: Contribute to the development of the Internal Audit Roadmap and Strategic Plan, ensuring alignment with organizational goals. RSM Coordination: Manage requests from RSM (external auditors), including compiling department non-ACP results from the previous year and providing a testing calendar. Bridgeport Testing: Create frameworks and conduct tests for Bridgeport 206(4)-7, reviewing and refining test results to ensure compliance. Education & Experience: The ideal candidate would possess an intermediate level of experience, typically around 5 or more years, with compliance, internal audit, or a related field, preferably within the financial services industry. Certificates & Licenses: This role requires a Series 7 and Series 24 Preferred Skills: Strong understanding of regulatory requirements, particularly in areas such as AML, DOL PTE, and other financial regulations. Excellent analytical, organizational, and problem-solving skills. Strong written and verbal communication skills, with the ability to present complex information to senior management. Ability to manage multiple projects and deadlines with a high level of accuracy and attention to detail. Proficiency in audit software and compliance management tools. Compensation: $90,000-$115,000. This range is a good faith estimate of the compensation to be offered for this position based on the ideal candidates qualifications, the Companys operational needs, and other considerations permitted by law. The actual pay offered to a specific candidate may vary above or below the stated range. Benefits: Cambridge has competitive benefits and promotes a work/life balance to encourage individual success. Premium benefit package including medical, vision, dental, life and long-term disability insurance Vacation/sick time 401K retirement plan with company matching program Eleven paid holidays You can find more details about our comprehensive benefits package here. #LI-MM2

Created: 2024-11-05