What is an Internal Audit Senior Manager Job?
An Internal Audit Senior Manager is a professional who leads and oversees internal audit activities within an organization. This position involves managing a team of auditors and ensuring that internal audit activities are conducted in accordance with established standards and guidelines. Internal Audit Senior Managers are responsible for identifying and mitigating risks, improving internal controls, and ensuring compliance with laws and regulations.
What Usually Do in This Position?
Internal Audit Senior Managers typically perform a variety of tasks, including developing and implementing audit plans, overseeing the execution of audits, reviewing audit findings and reports, communicating findings and recommendations to senior management, and following up on the implementation of audit recommendations. They also work closely with other departments to ensure that processes and controls are properly designed and implemented.
Top 5 Skills for This Position
To succeed in an Internal Audit Senior Manager role, it is important to possess a combination of technical and soft skills. Here are the top 5 skills needed for this position:
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Advanced knowledge of auditing and accounting principles
- Strong leadership and management skills
- Ability to work independently and as part of a team
How to Become an Internal Audit Senior Manager
To become an Internal Audit Senior Manager, a bachelor's degree in accounting, finance, or a related field is typically required. Many employers prefer candidates with a master's degree in business administration (MBA) or a related field. In addition, Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) certification is often required or preferred.
Average Salary
According to Glassdoor, the average base salary for an Internal Audit Senior Manager in the United States is around $130,000 per year. However, salaries can vary depending on factors such as years of experience, education level, and location.
Roles and Types
Internal Audit Senior Manager roles can vary depending on the size and complexity of the organization. Some Internal Audit Senior Managers are responsible for overseeing the entire internal audit function, while others may focus on a specific area such as IT or financial auditing. There are also Senior Audit Manager roles in consulting firms that specialize in providing internal audit services to clients.
Locations with the Most Popular Jobs in the USA
According to Glassdoor, some of the most popular locations for Internal Audit Senior Manager jobs in the United States include New York, Chicago, Houston, San Francisco, and Atlanta. However, there are opportunities for this position in many other locations across the country.
What Are the Typical Tools?
Internal Audit Senior Managers typically use a variety of tools to perform their job duties. These may include audit software such as ACL or IDEA, data analytics tools such as Tableau or Power BI, project management software such as Microsoft Project, and communication tools such as Microsoft Teams or Slack.
In Conclusion
Internal Audit Senior Manager roles are critical to ensuring that organizations are operating effectively and efficiently, and that risks are appropriately managed. This position requires a combination of technical and soft skills, and candidates should have a strong background in accounting, finance, or a related field. With the right skills and experience, Internal Audit Senior Managers can enjoy a challenging and rewarding career in a variety of industries and locations.