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Job Title: Internal Audit Manager

Job Location: Southfield, MI

What we offer:

Veoneer develops cutting-edge technology for the Future Car. Our international, agile and highly collaborative teams aim to accelerate the growth in Autonomous Driving and be the leader in Advanced Driver Assistance Systems. We empower our people and are dedicated to their professional development and growth.

With 7500 employees in 13 countries, our growing team has the goal to lead the revolution underway in the automotive industry…and then be the pioneer for what comes next.

What you'll do:

Position Summary:

The mission of Internal Audit (IA) is to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight.  Internal Audit helps Veoneer accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management, and control processes.

The Internal Audit Manager role is responsible for perform objective examinations of evidence for the purpose of providing independent assessments on the adequacy and effectiveness of governance, risk management, and control processes, the system of internal controls, related to the achievement of Veoneer objectives. In addition, the position also includes supporting the Global Internal Audit functional projects and activities to continuously improve and develop a world-class internal audit department.

The Internal Audit Manager should have a good understanding of The Institute of Internal Auditors' (IIA) International Professional Practices Framework, including the Core Principles for the Professional Practice of Internal Auditing, the Code of Ethics, and International Standards for the Professional Practice of Internal Auditing (Standards), and the Definition of Internal Auditing.

The Internal Audit Manager will lead and conduct internal audits: responsible for planning and execution of the audits, managing and monitoring the work of internal auditors (including co-sourced and guest), performing comprehensive work paper preparation and review, effectively communicate internal audit observations, risks and recommendations, preparing Internal Audit reports, assessing Management Action Plans (MAPs), and maintaining appropriate relationships with client management representatives at different levels. The Internal Audit Manager will also support the CAE with planning and coordinating the global internal audits and the global internal audit teams as well as developing and continuously improving internal audit methodology, working practices and tools.

Responsibilities:

Audit Activities

  • Planning of internal audits to identify opportunities for improvement in, operations, processes, programs, internal controls, IT systems, and financial reporting.
  • Performing information gathering from previous internal audits, external audits, risk assessment and other relevant sources in the planning of internal audits prior to field work.
  • Performing data mining activities on the entities/processes to be used in the planning of internal audits prior to field work.
  • Submitting request list to the client with a listing of material to be used in the planning of internal audits prior to fieldwork.
  • Developing Scoping and Planning documentation.
  • Developing Announcement Letter to the client.
  • Executing internal audits on-site, for entities/processes defined in the annual Internal Audit Plan, to assess the effectiveness of the system of internal controls and internal processes.
  • Conducting Open Meeting.
  • Managing and monitoring the work of internal auditors, co-sourced and guest.
  • Interviews with management and key process personnel to obtain an understanding of process operation, controls and key issues. Review of relevant supporting documents and detail testing of transactions to confirm operating effectiveness of controls.
  • Utilization of Lean Six Sigma tools and methodology to identify and eliminate waste, optimize processes and reduce variation.
  • Comparison of the client’s processes to Veoneer’s Standards, policies, procedures, and applicable laws, regulations, and governance standards and/or best practices and key internal control standards.
  • Analysis of system information, utilizing Data Analytics where appropriate.
  • Communicating internal audit observations, impact and recommendations ongoing throughout the internal audit and during Closing Meetings.
  • Preparing Internal Audit reports ensuring factual based and consistent high quality of observations, impact and recommendations for the approval of the CAE.
  • Assessing the effectiveness of Management Action Plans (MAP’s).
  • Executing remote desktop reviews (limited-scope examination of documents and records) for entities/processes defined in the Internal Audit Plan.
  • Supporting the CAE with planning and coordinating of the global internal audits and the global internal audit teams, contact for co-source auditors.
  • Developing, maintaining and continuously improving internal audit methodology, work programs, working practices, as well tools used by IA such as AuditBoard and Lean Six Sigma.
  • Supporting and actively participating in the annual Risk Assessment and the preparation of the Internal Audit plan and material to the Audit Committee and other key stakeholders.
  • Supporting and actively participate in the Fraud Risk Assessment and, as applicable, participating in the investigation of potential internal fraud investigations.

Other

  • Maintaining appropriate working relationships with the client management representatives at different levels.
  • Contributing to best in class teamwork within IA.
  • Participating in and contributing to IA function departmental activities.

  Independence:

  • Maintain an unbiased mental attitude that allows to perform engagements objectively and in such a manner that the Internal Audit managers believe in his/her work product, that no quality compromises are made, and that he/she does not subordinate judgment on audit matters to others.
  • Perform work in an objective and professional manner, including in gathering, evaluating, and communicating information; and provide fair and balanced assessments of all available and relevant facts and circumstances.
  • Avoid being unduly influenced by his/her own interests or by others in forming judgments, and disclose any impairment of independence or objectivity, in fact or appearance, to appropriate parties.

What you'll bring:

  • Bachelor’s Degree required, preferably in Accounting, Finance, Computer Science, Management Information Systems
  • At least 7 years of work experience in a combination of external audit, internal audit, information systems audit, internal control over financial reporting and/or accounting.
  • Demonstrated knowledge of US GAAP, Sarbanes-Oxley, COSO framework of internal control, and ICFR for public SEC-registered companies.
  • One or more Audit certifications and/or IT Audit certifications (e.g., CPA, CIA, CISA, CFE, CRISC, etc.) preferred.
  • Experience of leading teams and/or projects.
  • Working knowledge of The Institute of Internal Auditors' (IIA) International Professional Practices Framework and good practice internal auditing techniques, including internal audit technology aides.
  • Familiarity and experience with global organizations, with a demonstrated ability to operate in a global environment.
  • Confident and self-motivated, with excellent interpersonal and communication skills, both written and verbal.
  • Excellent analytical and strategic skills. Good business judgment and problem-solving skills, with confidence to make and defend important decisions and exceptional project management skills.
  • Relationship building skills and the demonstrates ability to work effectively in a team environment and also confident working on his/her own.
  • Highly professional with unquestioned integrity.
  • Fluent in English
  • Travel is required, and is estimated at 30-40%, globally.

 

Or, know someone who would be a perfect fit? Let them know!

Southfield, MI

26545 American Dr
48034 Southfield Directions View page

A start-up with a heritage

 

Veoneer is a lean, innovative company at the forefront of technology committed to discovering ways to make transportation safer, easier and more enjoyable. 

Veoneer builds on a heritage of close to 70 years of automotive safety development. In July 2018, we became an independent, publicly traded company, when we separated from the worldwide leader in automotive safety Autoliv, Inc. 

 

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