Corporate Internal Audit Manager

PURPOSE OF ROLE:
The primary purpose of this role is split between managing Internal Audit's SOX Oversight program role and designing/implementing/managing/overseeing/direct internal audits. This includes responsibility for managing Internal Audit's SOX Oversight role, which includes a combination of SOX planning activities, performing independent SOX testing, reviewing management's testing, and driving SOX-related administrative activities such as reporting of internal controls over financial reporting. For the execution of operational audits, this includes planning assigned audits, including the development of the scope, allocation of resources, coordination with client management, completion of a comprehensive risk assessment and the development of appropriate audit test steps to ensure audits deliver valuable insights to management and are delivered within established timelines and quality standards.

The Audit Manager has supervisory responsibility for staff and senior auditors who are responsible for the execution of SOX Oversight, IT, process and compliance audits. These supervisory responsibilities include ensuring training and development needs for the seniors and staff are met and that quality standards are maintained. To accomplish this, the Audit Manager must have broad and diverse knowledge of several key functional areas of the business such as; Information Technology, Store Operations, Logistics, Merchandising and Finance and/or other relevant experiences from non-retail organizations. In addition, the Audit Manager will work closely with leadership at the Vice President and Senior Vice President levels to define the scope, assess the risk, and deliver the results of audits. This position will also work across cross-functional organizational business units primarily collaborating with management at all levels to facilitate the development of action plans to address risks identified during the audits.

RESPONSIBILITY STATEMENTS:

• Assists the audit directors in the development of the annual audit plan by maintaining relationships with key stakeholders in the business and staying current with significant risks in assigned areas of the business.
• Leads Internal Audit's oversight role in the Company's SOX 404 assessment, including SOX program planning activities, performing independent SOX testing, reviewing management's testing, and driving SOX-related administrative activities such as reporting of internal controls over financial reporting.
• Leads integrated and cross functional audit teams in the identification of risks and gaps in new system design projects and communicate results to management in a clear, actionable and timely manner.
• Supervises and prepares process level risk assessments to identify significant risks and their related controls and develop audit test steps designed to evaluate the adequacy and effectiveness of those internal controls.
• Supervises the follow-up on key management actions from prior audit reports to determine if required action was taken, document, and communicate the results of the review to audit and client management.
• Identifies and documents weakness in control design and effectiveness based on analysis performed and write formal draft audit reports with the level of quality necessary for an executive audience.
• Executes and/or directs the senior/staff auditors in the execution of audit test steps and the documentation of the related workpapers to support conclusions reached.
• Drives the development of tactical plans aligned with Internal Audit and business strategy in order to bring the vision into realization
• Uses a critical eye to examine and streamline work flows and processes within the team, to increase efficiency.
• Develops short-term and long-term plans for Internal Audit.
• Drives innovation across the team using a deep understanding of audit practices.
• Keeps pace with change and maintains a competitive advantage within the marketplace by seeking out and learning about changes in the field
• Drives projects and tasks to completion through teams, regardless of changing conditions, by prioritizing activities by the risks to the organization.
• Serves as the day-to-day liaison with client management during audit projects to ensure open lines of communication are maintained and audit objectives are being met.
• Aligns the team's time and effort on projects that are critical to activity being audited and the overall risk to the Company
• Delegates the right tasks and decisions to the people who are in the best position to execute them.
• Develops project budgets and milestones and manage individual and team schedules and workloads to meet those goals.
• Provides open feedback and mentorship to team members to encourage growth and greater responsibility
• Hires, trains and develops the talent necessary to achieve stated objectives providing meaningful development opportunities for individuals in preparation for succession planning
• Reviews the work (audit planning documents, process flows, test plans, workpapers, draft reports) of senior and staff auditors to ensure quality is maintained and departmental methodologies are followed.
• Provides on the job training for staff and senior auditors on audit theory and Lowe's audit methodology.
• Negotiates effectively for the organization with internal and external stakeholders and builds relationships with key individuals necessary for collaboration
• Develops and presents communications, frequently to senior leadership, communicating the desired message, at the appropriate level, for the right recipient

REQUIRED EDUCATION/EXPERIENCE:

• Bachelor's Degree in Accounting, Finance, or related field
• 6+ years of Audit experience (internal/external) or equivalent business experience
• Demonstrated experience managing project teams
• Demonstrated experience working cross-functionally

PREFERRED EDUCATION/EXPERIENCE:

• Master's Degree in Accounting, Business, Finance, or related field
• CIA, CISA, or CPA
• Prior Audit management experience
• Retail business experience
• Big 4 Experience

About Lowe's:
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports its hometown Charlotte region and all communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

About Lowe's in the Community:
As a FORTUNE® 50 home improvement company, Lowe's is committed to creating safe, affordable housing and helping to develop the next generation of skilled trade experts through nonprofit partnerships. Across every community we serve, Lowe's associates donate their time and expertise through the Lowe's Heroes volunteer program. For the latest news, visit Newsroom.Lowes.com or follow @LowesMedia on Twitter.

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