Nationwide Dir, IA Policy & Practice in Columbus, Ohio
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Summary The Policy and Practice Director oversees and directs the coordination of strategic research, strategic initiatives and priorities for Internal Audit (IA). The role includes assisting in efforts to operate efficiently and effectively in alignment with Audit Committee expectations and applicable Institute of Internal Auditors (IIA) standards and regulatory guidelines. This position is responsible for leading the Quality Assurance & Improvement Program, developing and providing input into the overall internal audit professional activities, strategy deployment, quality assurance and improvement programs, managing IA specific initiatives and leading the coordination of ongoing efforts associated with resource management, expense management (e. g. budgeting, forecasting, etc. . ), vendor management, recruiting, training/development, internal/external reporting and continuous improvement. This position serves as the single point of contact for external regulators (Federal Reserve Bank, Departments of Insurance, etc. ) and Office of General Council requests and is responsible to assist in building and maintaining a professional network of peer companies for benchmarking and sharing best practices for the internal audit profession. This position works closely with the SVP, Internal Audit, the Internal Audit Leadership Team, Enterprise Risk Management, the Office of Compliance and enterprise leaders to provide risk management insights and thought leadership to assist in the achievement of Nationwide's strategic priorities, internal audit best practices and compliance with regulatory standards. The role supports all lines of business and requires continuous interaction with senior leaders across Nationwide.
Reporting Relationships: SVP, Internal Audit.
Core Duties and Responsibilities:
Internal Audit Strategy Development: Assists Chief Audit Executive (CAE) in the development of the overall strategic direction of Internal Audit working in close collaboration with the IA Leadership Team. The role is accountable for assisting the CAE in developing and establishing actions needed to execute the Internal Audit strategy and setting short-term and long-term goals based on experience, perspective, consideration of resources, and analysis of industry and organization trends. The role assists the CAE in building and maintaining a best in class IA organization through develop of a forward looking vision and directional roadmap to meet the ongoing and future needs of Internal Audit and the organization. Participates as a member of Convergence Steering Committee (CSC), communicates IA strategies and provides thought leadership to influence and enhance coordination of risk management efforts. Proactively seeks industry and peer group best practices and makes recommendations to CAE on findings.
Internal Audit Strategy Execution: The role provides input directly to the Chief Audit Executive, Internal Audit Leadership, business and IT leadership on the Internal Audit strategy, vision, and execution. The role will lead execution of strategy by translating strategic priorities into operational tactics (short-term and long-term); aligning communication, account abilities, resource capabilities, internal processes, and ongoing measurement systems to ensure that strategic priorities yield measurable and sustainable results. This role oversees and reports on the execution status of strategic initiatives required to complete the Internal Audit short-term and long-term strategic plan. The role serves as a subject matter expert on matters involving risk management practices within Internal Audit and to other parts of the organization. The role will also identify and drive organizational and cultural changes needed to adapt strategically to changing demands, catalyzing new approaches to improve results by transforming organizational culture, systems, and services. The role also partners with leadership throughout the organization to foster the growth of Nationwide’s Internal Audit function.
IA Policy & Governance: Establish, implement and maintain Internal Audit policies, procedures, practices and governance in accordance with standards established by the Institute of Internal Audit, expectations set forth by Nationwide’s Audit Committee(s), current and/or emerging regulatory standards/guidelines set forth by the Federal Reserve Bank, Department of Insurance, Securities and Exchange Commission or other authoritative bodies, peer and industry best practices. Develop processes to manage and ensure compliance with the aforementioned standards.
Quality Assurance & Continuous Improvement: Develop, lead and maintain the Internal Quality Assurance & Improvement Program as required by IIA standards including approach, testing methodology, reporting and follow training. Lead and/or participate in strategic initiatives focused on improving Internal Audit capabilities and performance levels (e.g. Process Optimization and Continuous Improvement). Oversee design, planning, implementation and evaluation of office wide quality assurance and process improvement initiatives and projects.
Internal Audit Technology Management: Oversee the Internal Audit technology strategy including: capability assessment, operating platform selection, implementation and coordination of ongoing maintenance with Finance and IT business partners.
Office Administration & Operations: Oversee various Internal Audit operational efforts including Audit planning and risk assessment coordination and monitoring, internal/external internal audit activity communications, Audit Committee and Board presentation content and meeting preparation, expense management (e.g. budget, forecast, planning, etc…), and vendor management
Resource Management: Oversee Internal Audit resource and demand management efforts including staffing availability, coordination and scheduling of internal audit resources, staff augmentation and detailed project scheduling to execute the Internal Audit Plan, office wide initiatives and strategic projects.
Recruitment & Training: Develop, plan, and execute office wide training curriculum (e.g. content, schedule, internal/external facilitators, assessments, etc…). Develop and oversee delivery of orientation and on boarding processes for new hires, internal transfers and guest auditors. Develop recruitment strategy and operational execution in collaboration with IA Leadership Team and HR to include internal/external sourcing initiatives (e.g. colleges, professional organizations, social media/networking, etc..), posting, interview and selection processes.
Office Internal & External Reporting: Primary point of contact for internal and external (e.g., Office of General Counsel, Federal Reserve Bank of Cleveland, etc…) information/data request. Provide input, significant date and review for Audit Committee reporting.
People Leadership: Manage direct reports – performance management (e.g. performance objectives, coaching/feedback, evaluation), salary planning and administration, associate engagement, talent management (e.g. succession planning, career and development planning), recruitment, selection, on boarding and training of new associates within the span of control. Establish systems and processes to attract, develop, engage, and retain talented individuals. Create a work environment where people can realize their full potential, thus allowing the organization to meet current and future business challenges.
Performs other duties as assigned.
Typical Skills and Experiences:
Education: Bachelor’s Degree in Business or Finance preferred; MBA desired.
License/Certification/Designation: Certified Internal Auditor (CIA), Certified Public Accountant (CPA) and/or Certified Information Systems Auditor (CISA)
Experience: 10 years including experience at a large complex financial institution
Knowledge: Financial concepts (i.e. budgeting, forecasting, ranking, present value, etc.)
Skills/Competencies: Ability to interact and communicate effectively with senior leadership, regulators and staff at all levels; strong oral and written communication skills Proficiency in use of MSOffice Suite Products (i.e. Access, Excel, Word, PowerPoint), Visio products. Proven leadership, relationship building, influence, critical thinking, analytical skills, subject matter expert for audit methodology and ability to implement best practices.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.
Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.
Overtime Eligibility: Exempt
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
Job Evaluation Activity: AEH 7-21-2016
Additional Job Description
The Policy & Practice Director oversees and directs the coordination of strategic research, strategic initiatives and priorities for Internal Audit (IA).
Ideal candidates will have the following:
Internal or External Audit experience
Experience leading a team
Ability to build collaborative working relationships
Strong communication skills
CIA or CPA
Youmay participate in the EXCELerate Leaders Assessment (ELA) as part of your People Leader application process.
Job ID: 51464