Head of Internal Audit

Ford Motor • Salt Lake, UT

21h • Hybrid

About The Position

Ford Motor Credit Company (“Ford Credit”), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”) In this position… The Head of Internal Audit is a critical role that operates with a high level of independence, uses extensive knowledge and skills to develop, manage, and advance a comprehensive risk-based audit program for the Bank. The objective of this role is to design and implement a comprehensive internal audit function within the Bank and manage a team of auditors covering the Bank’s business segments. Audit engagements may vary in size and complexity with significant scope and impact focused on the Bank’s activities. Reporting directly to the Audit Committee of the Board of Directors, and administratively to the Bank President and CEO, the role offers the opportunity to manage others to perform difficult assignments that are broad in nature, and that require thoughtfulness and ingenuity with appreciable latitude for unreviewed actions or decisions. The Director provides comprehensive solutions to escalated complex problems. Results are evaluated at agreed upon milestones for effectives in achieving specified results. The Director also maintains extensive contact with executive management to lead others in identifying, researching, analyzing, and resolving complex issues.

Requirements

• Bachelor’s Degree in Business Administration, Finance, or Accounting with a minimum of ten (10) years of experience in the financial services industry OR Any equivalent combination of experience, education, and/or training approved by Human Resources
• Demonstrated expertise in audit practices and methodologies, including risk assessment
• Internal control concepts
• Advanced investment concepts, practices and procedures used in the securities industry
• Principles of banking and finance and securities industry operations

Nice To Haves

• CIA or another similar accreditation is desirable
• Make sound decisions while exhibiting initiative and intuitive thinking.
• Manage direct reports including Managers and Senior Auditors.
• Successfully interact with and influence senior leadership, including executive management.
• Manage against deadlines associated with an annual audit plan.
• Present complex and sensitive issues to management in a persuasive manner.
• Demonstrate enthusiasm, self-motivation, effectiveness under pressure and the willingness to take personal risk and accountability.
• Multitask as well as assess and change priorities.
• Work well individually and in teams to share information, support colleagues and encourage participation.

Responsibilities

• Design and Implement a comprehensive, risk-based, Bank-centric internal audit program
• Develop and execute a robust Audit Plan for assigned businesses in accordance with Internal Audit standards, relevant government statutes and regulations
• Oversee multiple audit engagements from the planning stages through the reporting stages
• Produce quality deliverables in accordance with both department and professional standards
• Apply expertise in one or more of the Bank’s businesses and leverages this knowledge into a leadership role in one or more teams
• Manage Audit Managers and Audit staff
• Establish strong relationships with senior leaders including executive management, and related control groups
• Collaborate with Ford Motor Internal Audit, external auditors and risk management counterparts within the Bank
• Use excellent communication skills to influence a wide range of internal audiences including respective product, function, or executive management partners
• Hold entire team accountable for meeting deliverables, and adhering to Quality Assurance criteria using a consistent industry-consistent internal audit methodology
• Finalize audit findings and provide an overall opinion on the control environment.
• Communicate audit findings to management and identify opportunities for improvement in the design and effectiveness of key controls
• Implement and execute an effective program of continuous monitoring for assigned areas, including monitoring of key metrics to identify control issues and adverse trends.
• Participate in major business initiatives and proactively advise and assist the business on change initiatives
• Stay up to date with evolving industry and regulatory changes that impact the business
• Build and maintain effective working relationships with Regulators and External Auditors
• Manage expenses in accordance with a budget, solving for department inefficiencies and excess spending
• Performs other duties and responsibilities as assigned

Benefits

• excellent compensation
• comprehensive benefits package that includes generous PTO, retirement, savings and stock investment plans, incentive compensation and much more
• exciting opportunities for professional and personal growth and recognition

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees