WHAT DOES AN AUDIT DIRECTOR DO?

The Audit Director implements the innovation strategy and manages the analytics roadmap, ensuring quality review and effective engagement practices. This responsibility includes leading multiple teams to fulfill the innovation plan, maintaining content standards, and developing presentations for internal communications. Additionally, the director also partners with various risk management areas, recruits and leads a skilled internal audit team, and organizes department-wide meetings and events.

A Review of Professional Skills and Functions for Audit Director

1. Audit Director Job Summary

  • Audit Coordination: Coordinating the day-to-day running of the Audit Department.
  • Collaboration: Collaborating with partners and other colleagues closely.
  • Account Management: Manage some key accounts for the business, ensuring all needs are serviced.
  • Audit Management: Take charge of large-scale audits from the planning stage to execution.
  • Team Leadership: Manage junior staff members, delegate workload, and act as a subject matter expert for clients.
  • Audit Review: Take full responsibility for managing and reviewing the work of the audit team.
  • Business Development: Engaging in business development activities on behalf of the firm.
  • Risk Management: Ensure appropriate risks are covered for assigned areas of responsibility.
  • Report Oversight: Overseeing the preparation of key reports and communications.
  • Strategic Communication: Designing and leading the department’s Communications Plan.

2. Audit Director Accountabilities

  • Audit Planning: Responsible for the development of the annual Audit plan/reports, and issue validation.
  • Risk Monitoring: Driving continuous monitoring activities for assigned areas including proper assessment and coverage of risks and emerging risks.
  • Stakeholder Relationships: Create and maintain effective working relationships with key stakeholders across the enterprise.
  • Presentation: Present to governance committees, senior leaders, regulatory bodies, and the Board of Directors.
  • Issue Review: Review and communicate the impact of related issues, MRIs, MRAs, and Enterprise issues on audit engagements and risk profiles.
  • Oversight: Provide oversight of issue severity and impact on business processes and the control environment.
  • Business Development: Conduct business development activities including pitching, development of materials and collateral, and networking.
  • Coordination: Working with the Leadership Team to develop agendas, and coordinate speakers.
  • Communication Drafting: Drafting employee communications, and coordinating and/or creating presentations.
  • Project Management: Handling the ad hoc projects to support department initiatives.

3. Audit Director Job Description

  • Guideline Establishment: Establishing guidelines for topics, audiences, cadence, and channels.
  • Leadership Coordination: Coordinating with the Leadership Team to establish and handle priorities.
  • Communications Drafting: Drafting communications for internal and external distribution on behalf of the Leadership Team and the EVP Internal Audit.
  • Strategic Management: Running the department’s Strategic Priorities process, including coordinating the annual refresh with the Leadership Team.
  • Project Planning: Developing project plans, tracking, and reporting the progress of workstreams using dashboards.
  • Initiative Support: Directly supporting PPG-related critical initiatives and acting as the department’s liaison to Corporate Strategy.
  • Engagement Coordination: Running the department’s employee engagement initiatives and handling the annual refresh with the Leadership Team.
  • Plan Coordination: Coordinating the development of project plans, assessing the holistic plan for gaps and duplications and providing solutions.
  • Progress Tracking: Tracking and reporting the progress of initiatives using dashboards, and coordinating with Human Resources.
  • Intranet Design: Designing and building the Internal Audit Department company-facing intranet site.

4. Audit Director Overview

  • Analytics Management: Implement the Innovation strategy and manage all aspects of the analytics roadmap including quality review.
  • Engagement Strategy: Design and implement effective engagement practices and measures.
  • Leadership: Lead multiple teams in the implementation and completion of the Innovation plan and strategy.
  • Quality Oversight: Maintaining overall responsibility for the quality of work performed.
  • Content Management: Define content standards, and establish processes to maintain content.
  • Collaboration: Partner with PPG team members to aggregate, analyze, and summarize department activities and information.
  • Communication Development: Develop presentations for communication with various internal partners.
  • Event Planning: Lead the strategy, planning, and production of department-wide meetings and events.
  • Risk Management: Liaises with other risk management areas to ensure appropriate development and implementation.
  • Team Leadership: Recruits, develops, motivates, and leads a high-quality and suitably skilled internal audit team.

5. Audit Director Details and Accountabilities

  • Privacy Strategy: Defines the audit vision and strategy for one or more LSEG Divisions, focusing on coverage of Cyber and Privacy risks across legal entities.
  • Risk Alignment: Ensures that the Audit Universe and Audit Plan are kept aligned with the Division's key risks, obligations, and objectives.
  • Audit Quality: Ensures the delivery of a portfolio of audit engagements to high quality, and effectively manages audit risk.
  • Reporting and Accountability: Safeguards that audit reports are clear, concise, risk-aligned, and acted upon by management.
  • Stakeholder Relationship: Builds credible relationships with the CISO team and the second-line risk function in a collaborative manner.
  • Audit Execution: Owns the execution of the audit plan, including scheduling, escalation, and communication.
  • Stakeholder Communication: Responds to internal and external stakeholder requests for information.
  • Audit Practice: Contributes to the development of the audit practice, including methodology, innovation, and use of data analytics.
Relevant Information
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