Audit Director - Nationwide Financial

Company: Nationwide Mutual Insurance Company
Location: Columbus
Posted on: November 15, 2024

Job Description:

Audit Director - Nationwide FinancialAs a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. Let Nationwide help create your career journey! At Nationwide, "on your side" goes beyond just words. Our customers are at the center of everything we do and we're looking for associates who are passionate about delivering extraordinary care.This position will be on Internal Audit's Nationwide Financial Services (NFS) team. As a part of this team, you will have the opportunity to focus on audits pertaining to Nationwide Financial Services' core businesses, including Life Insurance, Annuities, Retirement Plans, Mutual Funds, and much more. Performing both assurance and advisory engagements, you will focus on the business operations, governance, compliance, and related information technology platforms. Whether you're an experienced auditor or have built a career in the financial services industry, you can grow your current skills and stretch into new areas as a member of the Internal Audit NFS team!This is a hybrid position located in Columbus Ohio and you will be required to come into the office as needed.This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.Job Description SummaryTo enable Nationwide to serve its members with extraordinary care and to see risks around the corner, Internal Audit uses cutting edge audit practices, leverages deep and trusting relationships with business partners and advanced data & analytics to get insights from big data - all to provide meaningful audit and advisory results that help leaders meet their objectives, minimize risk and improve business effectiveness and efficiency. No two audits are ever the same, and the variety of work assignments provides you with visibility and exposure throughout the entire enterprise. If you have the desire to learn continuously, think critically and can see the big picture, we want to know more about you!As a Director, you'll develop the risk-based audit plan and provide insights based on deep knowledge of the strategic direction of the business, internal auditing practices and the use of digitization. You'll be a recognized risk and control leader, where you will evaluate the soundness, adequacy, compliance, efficiency, effectiveness and customer impacts of operational, financial, technological and governance frameworks within Nationwide. We'll count on you to lead the development, implementation and management of all internal and information systems audit programs throughout Nationwide.As a member of the Audit Leadership Team, you'll have the opportunity to shape our collective audit strategies and carry those messages back to both your teams and clients. You will interact and drive meaningful dialogue with senior business and technology leaders across the enterprise, where you will have conversations about risks and improvement opportunities, thereby honing your skills in relationship building, listening, advocating for and defending positions, and negotiation.Key Responsibilities:

• Understands the strategic plan and key initiatives of the assigned business unit. Based on this understanding, provides valuable input into the audit and advisory planning process by assessing both the business and the technology environment surrounding the audit entity, ensuring a holistic perspective for risks and controls. Partners with key second line Risk Partners in the design and execution of the audit for increased risk coverage and reduced impact to the organization.
• Coordinates and schedules individual audits or advisory projects to efficiently use team/office resources and budget. Ensures leaders of the area being reviewed are advised of timing, scope and nature of audit. Works with senior leaders to obtain their input and confirm what they find most valuable.
• Identifies new ways to audit through data analytics, continuous auditing, technology, agile concepts, innovation, design thinking and collaboration using various tools and techniques.
• Identifies key control objectives, risks and controls. Develops high-level audit strategy and oversees the development of effective and efficient audit and advisory programs. Uses all tools available to drive the highest value audit, including designing tests of control design and effectiveness, as well as tests of detail.
• Contributes to the leadership team by providing a deep level of business acumen, driving the office to become trusted partners, helping Nationwide see around the corner and achieve key performance metrics.
• Attracts and retains top talent to deliver effective and efficient projects through strong leadership and talent development. Leads a team of audit professionals to include performance management, talent management, salary management, associate engagement and workforce resource demand management. Operates effectively in a hybrid working environment.
• Coordinates accomplishment of tasks required to complete audits. Matches the difficulty of tasks with the appropriate skill sets (including handling vendors in co-sourcing arrangements). Performs tasks of the highest complexity. Plays an active hands-on role in the audit. Runs multiple assignments simultaneously with a high degree of independence.
• Ensures audit procedures performed are adequately detailed to support conclusions and work papers are accurately maintained in accordance with record retention policy, policy, and procedures.
• Drafts findings and recommendations to help Nationwide mitigate risks, strengthen controls, reduce costs, improve efficiency and enhance the customer experience. In addition, provides ongoing oversight of Management's remediation efforts.
• Summarizes audit findings, recommendations and conclusions in our Audit and Advisory Reports, which are communicated to Office of the Chief Executive Officer members and the Audit Committee.
• Completes post-audit performance evaluations of all assigned staff on a timely basis. Seeks feedback from staff to enable continuous self-improvement.May perform other responsibilities as assigned.Reporting Relationships: Reports to an Internal Audit Officer. Manages a team of approximately 4 to 10 associates.Typical Skills and Experiences:Education: Bachelor's degree in business, technical, or related field preferred. Advanced degree preferred.License/Certification/Designation: Relevant certifications (e.g., CPA, CIA, CISA, CFE, CPCU, PMP) desired.Experience: Typically, ten or more years of dynamic experience in audit, risk management or a related field. Experience in the insurance and financial services industry is preferred. Management experience preferred.Knowledge, Abilities and Skills: Knowledge of internal audit principles and practices; with knowledge of the Institute of Internal Auditors (IIA) International Professional Practices Framework (IPPF) preferred. Thorough understanding of risks inherent in customer business environments as well as technology environments. Proven knowledge in project management, people leadership (i.e., managing, training, coaching, and developing individuals and teams). Well-developed oral and written communication skills and ability to communicate and coach upwards and downwards. Ability to make decisions on day-to-day operations as well as to think strategically to execute on long term objectives. Knowledge and leadership of continuous improvement, digitization, automation, visualization and data/analytic techniques preferred.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 Nationwide Values.Job Conditions:Overtime Eligibility: Not Eligible (Exempt)Working Conditions: Normal office environment or hybrid work options may be available.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.Benefits: We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more.Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.
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