Senior Manager, Internal Audit

Semtech•Irvine, CA

2d•Hybrid

About The Position

The Senior Manager, Internal Audit reports to the Senior Director of Internal Audit (Head of Internal Audit) and plays a critical role in monitoring the risk environment, strengthening the overall control environment, and delivering high-quality audit and advisory work across SOX compliance, IT general controls, and operational audits. You will lead and work closely with the internal audit team, engaging cross-functionally with internal and external stakeholders to understand, define, and update systems and control procedures — making a meaningful impact on how Semtech operates while developing strong business relationships across the organization. Successful individuals will be responsible self-starters who are able to work both independently and in a team setting, have good prioritization and organizational skills, are detail oriented, and have excellent systems and data analysis skills. They bring exceptional project management skills, strong executive communication skills, and the technical fluency to bridge financial and IT audit domains. They are independent learners who take accountability and ownership of their work and outcomes. This role requires flexibility to participate in meetings across global time zones and to travel domestically and internationally as business needs dictate.

Requirements

Bachelor's degree in Accounting, Finance, Business Administration, Information Systems, or a related field
Minimum 10 years of progressive experience in internal audit, external audit, or a combination of both
Demonstrated expertise in SOX 404 compliance, including end-to-end program management, PCAOB requirements, and deficiency evaluation
Demonstrated experience in IT audit, including ITGC testing and/or review, IT application controls, ERP segregation of duties, and SOC report evaluation
Proven experience leading operational audit engagements across multiple business functions; exposure to enterprise risk management frameworks
Strong project management skills — ability to independently manage multiple concurrent engagements with competing deadlines; experience coordinating co-sourced resources
Excellent written and verbal communication skills with the ability to present findings clearly to senior management; experience with SAP and GRC/SOX platforms such as AuditBoard
Ability to travel domestically and internationally and to be available for meetings outside standard business hours, including across global time zones, to support international operations

Nice To Haves

CIA (Certified Internal Auditor), CPA, or CISA (Certified Information Systems Auditor) — one or more certifications strongly preferred
Public company experience in a semiconductor, technology, or manufacturing environment
Experience with external auditor integrated audit coordination and reliance strategies
Exposure to data analytics tools (ACL, IDEA, Power BI, SQL) and automated testing techniques

Responsibilities

SOX Compliance, Financial Controls & IT Audit Lead all aspects of the SOX 404 compliance program including planning, scoping, risk assessment, control rationalization, and deficiency assessment; coordinate with external auditors on integrated audit reliance, including scoping, timing, work product review, and strategies to maximize reliance on internal audit work
Evaluate design and operating effectiveness of key controls over financial reporting in accordance with PCAOB standards and COSO 2013; support management's assessment of ICFR and drive corrective action remediation
Maintain and continuously improve SOX documentation including but not limited to process narratives, flowcharts, risk and control matrices, and testing and review scripts
Oversee and manage the AuditBoard SOX tool, ensuring control documentation, assigned owners, tasks, and data are accurately and timely maintained and logically organized to support a streamlined and efficient audit process
Serve as the Internal Audit function's primary subject matter expert on IT audit; plan and execute ITGC testing and/or review across areas including but not limited to logical access, change management, computer operations, and data backup/recovery
Evaluate IT application controls, automated controls, and ERP segregation of duties within in-scope systems (including SAP); assess business process segregation of duties across key financial cycles and IT systems; review SOC 1 and SOC 2 Type 2 reports and assess complementary user entity controls (CUECs)
Operational Audits, Project Management & ERM Lead development of the annual risk-based internal audit plan and independently manage multiple concurrent audit and advisory engagements from planning through final report issuance, ensuring on-time, high-quality delivery
Provide advisory services to management on internal control design and improvements in connection with areas including but not limited to company policy updates, process changes, business transformation initiatives, and system implementations — including pre- and post-implementation SDLC reviews and ITGC SOX readiness assessments for new or modified systems
Plan and execute operational audit engagements across Semtech's business functions including but not limited to supply chain, procurement, contract manufacturing, treasury, and revenue; lead and manage distributor pricing compliance audits, royalty audits, ERM-related initiatives, or other audit projects; identify root causes of control gaps and develop practical, business-aligned recommendations; present verbal and written audit results to management with corrective action guidance
Apply data analytics and computer-based tools to audit planning, control testing, and reporting; devise approaches to test process efficiency, quantify opportunities for business improvement, and identify and disseminate best practices across the organization
Prepare clear, professional audit reports and present findings to management; collaborate with the SOX compliance team and other assurance providers
Team Leadership, Stakeholder Collaboration & Communication Oversee, mentor, and develop a team of professional internal auditors, providing guidance on audit methodology, workpaper quality, and professional development; assign and manage workloads to support timely delivery of the audit plan; review and approve workpapers and work performed by staff auditors for accuracy, completeness, and compliance with IIA standards; coordinate workpaper organization within AuditBoard to ensure all documentation is current, properly structured, and audit-ready
Build and maintain effective working relationships with process owners, department heads, senior management, and external auditors across Semtech's global operations, serving as a trusted advisor on risk and controls matters
Continuous Improvement Identify opportunities to enhance the Internal Audit function's methodology, tools, and capabilities; contribute to the ongoing development of the function's strategic roadmap
Leverage artificial intelligence and emerging technologies to improve audit planning, risk identification, testing efficiency, and reporting quality
Stay current on emerging audit standards (IIA, PCAOB, COSO), regulatory developments, and industry trends relevant to the semiconductor and technology sectors