Internal Audit Manager

Federal Home Loan Bank of Chicago•Chicago, IL

1d•Hybrid

About The Position

The Audit Manager leads risk-based audits with a primary emphasis on financial reporting, accounting processes, and internal controls over financial reporting, while also managing operational, compliance, and advisory engagements. The role manages audit staff and multiple assignments, communicates results to senior management and the Board and its committees, and supports annual audit planning. The position requires sound audit judgment, broad business acumen, people leadership, and strong financial reporting audit experience. How you’ll make an impact: Strengthen the reliability of financial reporting by evaluating key accounting processes, financial statement risks, significant judgments, regulatory reporting, and related internal controls. Improve business operations and risk management by identifying root causes and recommending practical enhancements to processes, controls, and governance. Build a high-performing audit team through effective leadership, coaching, staff development, and the use of data analytics and technology to improve audit quality and efficiency.

Requirements

Bachelor’s degree in Accounting, Finance, business, or a related field required; advanced degree preferred.
Current CPA or CIA certification required; CPA preferred given the financial reporting focus.
Seven or more years of progressive audit experience, including demonstrated financial reporting, accounting, financial statement audit, or internal controls over financial reporting experience; internal audit experience preferred.
Strong knowledge of risk-based internal auditing, internal control concepts, COSO principles, and the Global Internal Audit Standards.
Working knowledge of U.S. GAAP, financial reporting processes, and internal controls over financial reporting.
Ability to understand complex business processes, identify key risks, evaluate controls, and reach well-supported conclusions.
Ability to manage multiple engagements, resources, budgets, and deadlines while maintaining audit quality.
Ability to influence stakeholders and address challenging issues while maintaining professional skepticism, independence, and objectivity.
People leadership, delegation, coaching, performance management, and team development.
Risk assessment, audit scoping, control evaluation, testing strategy, root-cause analysis, and report writing.
Executive communication and presentation skills, including the ability to explain complex issues clearly and concisely.
Stakeholder management, collaboration, negotiation, and constructive challenge.
Project and resource management across multiple engagements and priorities.
Advanced analytical, critical-thinking, and problem-solving skills.
Proficiency with Microsoft 365, audit management or GRC platforms, and data analytics and visualization tools such as Power BI, SQL, ACL, Alteryx, or similar applications.
Sound judgment and discretion in handling confidential information and sensitive matters.

Nice To Haves

Additional relevant certifications such as CISA, CFE, or CAMS are a plus.

Responsibilities

Lead financial reporting audits, including assessments of accounting processes, financial statement risks, significant judgments, regulatory reporting, and internal controls over financial reporting.
Lead operational business, compliance, and advisory engagements from risk assessment and scoping through reporting and follow-up.
Assess business processes, strategic and operational risks, regulatory requirements, and the design and effectiveness of internal controls.
Develop risk-based audit approaches; review testing, workpapers, findings, and reports to ensure conclusions are clear, timely, and well-supported.
Identify root causes and recommend practical improvements to controls, processes, governance, and risk management.
Communicate audit results and emerging risks to business leaders, senior management, and the Board and its committees.
Manage engagement scope, budgets, timelines, staffing, and competing priorities; escalate significant issues and delivery concerns promptly.
Lead and develop audit staff through work allocation, coaching, timely feedback, performance management, and development planning.
Build effective stakeholder relationships while maintaining independence and objectivity; support annual audit planning and improvements through data analytics, technology, and methodology enhancements.