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Internal Audit Director, Enact Corporate Audit Services (ECAS)

Company: Genworth
Location: Raleigh
Posted on: October 10, 2021

Job Description:

Internal Audit Director, Enact Corporate Audit Services (ECAS)

This position is available to North Carolina residents as Raleigh, North Carolina in-office applicants .

The Internal Audit Director will serve as a member of the Enact Finance Leadership Team and will report to the Chair of the Enact Audit Committee of the Board of Directors, and administratively to the Enact Chief Financial Officer (CFO).  The primary mission of the Internal Audit Director is the development, management and administration of audit services to provide the Enact Audit Committee of the Board of Directors and Enact executive management with assurance as to the adequacy and effectiveness of the system of risk management and internal control throughout the company.  In this regard, the Internal Audit Director will inform them as to the effectiveness and efficiency of business processes designed to manage and mitigate risks associated with operations, financial reporting, and compliance with applicable laws and regulations including overseeing Enact's Sarbanes Oxley (SOX) and Model Audit Rule (MAR) compliance program.

This position will also collaborate and participate in Genworth company-wide internal audits that impact Enact which are led by the parent company's internal audit resources.  Potential examples include internal audits of investments, corporate functions and/or corporate IT systems.

• Develop and lead a proactive internal audit group, bringing a disciplined, risk-based approach to evaluating and communicating the effectiveness and efficiency of business processes designed to manage and mitigate risks across Enact.
• Review, develop and manage an internal audit strategy which appropriately considers the relevant and emerging business risks facing Enact and implement an annual audit plan that adequately addresses those risks in an effective, cost efficient manner.
• Communicate the internal audit strategy with the Enact Audit Committee, management, and Enact parent company stakeholders.
• Lead the development of professional practices, including the implementation of internal audit methodologies, processes and programs in accordance with Institute of Internal Audit (IIA) standards, internal auditor certification and training standards, and effective quality review activities.
• Communicate the internal audit plan and results of reviews directly with the Enact Audit Committee, executive and senior management, and Enact parent company stakeholders.
• Ensure corrective action plans are developed and implemented and provide timeline progress reporting to the Enact Audit Committee and management.
• Direct audit scheduling and execution to ensure the most critical areas are addressed, and that business operations are reviewed on a timely and accurate basis appropriate to the risk profile of the operation under review.
• Oversee the company's SOX/MAR compliance program serving as project manager and subject matter expert to ensure appropriate internal controls over financial reporting are designed and implemented under the 2013 COSO Framework.
• Identify, evaluate, and monitor the remediation of SOX/MAR control deficiencies.
• Develop and deliver reporting illustrating SOX/MAR status, trends, and remediation of deficiencies to executive management and Enact Audit Committee.
• Coordinate internal audit and SOX/MAR activities with external auditor firm to ensure proper audit coverage, elimination of duplication of effort, and improvement in the efficiency and effectiveness of audit execution.
• Recruit, develop and manage a professional audit staff with sufficient knowledge, skills, experience, and professional certifications to meet Enact’s internal audit and SOX/MAR requirements.
• Establish and manage, as appropriate, co-sourcing relationships to ensure cost-effective, value-added audit services that contribute to internal audit’s efficiency and effectiveness.
• Promote high levels of ethical awareness and conduct within the Company and administer independent investigations of potential ethical problems or conflicts of interest.
• Implement, as appropriate, special tasks or projects requested by management or the Enact Audit Committee.

• Highly self-motivated individual with evident leadership skills; a demonstrated record of building strong teams, setting high performance standards, challenging people to excel, and eliciting their sustained high performance.
• Managerial expertise to confront difficult issues with the appropriate response and communicate appropriately and in a timely manner with all stakeholders in those issues; highly developed and effective interpersonal skills for dealing with sensitive and controversial issues.
• A collaborative leadership style and a proven track record of having built effective relationships with senior management, board members and outside advisors.
• Exceptional communication skills; experienced and effective in interacting with a Board of Directors and in interactions with operational and staff executives; credible, persuasive and clear in both oral and written presentations.
• Effective interpersonal skills; must be able to relate to and work cross-functionally with a wide variety of professionals across different organizational levels.
• A highly organized professional; deliberate and sequential in approach, and highly attentive to detail and precision.
• Knowledge of design and maintenance of management information systems, including internal controls and audit systems.
• Strong technical knowledge of US GAAP, internal controls, business processes, and COSO 2013 and IIA standards.
• Experience with Sarbanes-Oxley and Model Audit Rule legislation and related program execution and reporting requirements.
• Strong analytical/quantitative skills.

• 10+ years of progressive financial and operational auditing. Proven track record in leading and managing an audit team with emphasis on best practices in risk assessment, problem solving, and impactful reporting of audits.
• Advanced degree, such as an MBA.
• Certified Public Accountant (CPA) and/or Certified Internal Auditor (CIA) credentials.
• Relevant insurance and financial services industry experience.
• Understanding of ‘Three Lines of Defense’ risk management model and experience collaborating across lines of defense.
• Experience in recruiting, developing and leading an audit organization with the ability to manage audit team on multiple concurrent projects.

The duties and responsibilities of this role require that the position be physically based in our Raleigh, NC headquarter office.

• We have a real impact on the lives of the people we serve
• We work on challenging and rewarding projects
• We give back to the communities where we live
• We offer competitive benefits including:
o Medical, Dental, Vision, Flexible Spending Account options beginning your first day
o Generous Choice Time Off policy
o 12 Paid Holidays
o 40 hours of volunteer time off
o 401K Account with matching contributions
o Tuition Reimbursement and Student Loan Repayment
o Paid Family Leave
o Child Care Subsidy Program

Enact, operating principally through its wholly-owned subsidiary Genworth Mortgage Insurance Corp. since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders’ businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.

Through our values of Excellence, Improvement and Connection, the Enact team delivers on our mission to help more people realize the dream of homeownership. The positive impact we can have on our world inspires us to go the extra mile. We look at the bigger picture, always considering our customers’ processes and their borrowers’ experience. We work hard to anticipate all the effects our actions might have. That can make our work challenging, and also satisfying.

Are you the kind of person who’s always anticipating your customers’ needs? Always one step ahead, ready to catch that unexpected curveball? If so, you could thrive with us.

We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business need. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

Keywords: Genworth, Raleigh , Internal Audit Director, Enact Corporate Audit Services (ECAS), Other , Raleigh, North Carolina

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