Manager of Internal Audit – Financial Services

Manager of Internal Audit – Financial Services Job Description

Internal audit managers must possess knowledge of GAAP, as well as financial and accounting applications and financial and operational controls. Professionals also should understand internal auditing standards, COSO framework, and risk-assessment practices. Candidates need strong critical-thinking, communication, and technology skills. A bachelor’s degree in business, accounting, or finance is required; an MBA is preferred, and professional certifications such as the CIA and CPA also may be required. A minimum of five years of experience in accounting or auditing, including supervisory experience, is expected. Travel is often required for this position.

Typical manager of internal audit – financial services duties include:

Managing complex audits and preparing audit reports

Performing critical project management duties in the planning, scheduling, coordinating, reviewing, and reporting of the work of audit teams

Developing procedures, schedules, priorities, and programs for achieving audit objectives and goals

Undertaking comprehensive planning and risk assessments to identify potential business risks

Planning, assigning, and supervising the daily activities and work of the audit team

Identifying and communicating changes in professional standards, pronouncements, laws, guidelines, and audit requirements to audit staff

Developing and maintaining productive client and staff relationships

Hiring, training, and supervising internal audit staff

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Salary for Manager of Internal Audit – Financial Services

111250 - 154750

25th percentile

111250

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

130500

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

154750

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Internal Auditor, 3-5 Years’ Experience – Financial Services

80000

103250

114750

Internal Auditor, 1-3 Years’ Experience – Financial Services

65500

80250

97000

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