Sr Director, Internal Audit
Job Description
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates.Based in Bengaluru, Lowe's India develops innovative technology products and solutions and delivers business capabilities to provide the best omnichannel experience for Lowe's customers. Lowe's India employs over 4,200 associates across technology, analytics, merchandising, supply chain, marketing, finance and accounting, product management and shared services.
Lowe's India actively supports the communities it serves through programs focused on skill-building, sustainability and safe homes. For more information, visit, www.lowes.co.in.
Job Summary- The primary purpose of this role is to assist the Vice President of Internal Audit in carrying out the mission of the department as defined by its charter. This includes responsibility for collaborating with the Vice President and other Senior Directors/Directors of Internal Audit on the development and execution of an audit plan and supporting risk assessments that focus the audit department on the Company's most significant risks and regulatory compliance. This role also serves as the site leader for the India Internal Audit team of professionals.
- Does the concept of Agile Internal Audit interest you Within Lowe's Internal Audit function, the agile auditing methodology and mindset are leveraged to focus on the most urgent needs of our business stakeholders. Our team provides timely insights for decision-making, focuses on what matters for the company, and reduces time wasted in audit cycles and documentation. Sure, evaluating financial controls is table stakes, but you will be a value-added advisor to the business at Lowe's. Move from the backroom to the front seat with our audit team!
Roles & Responsibilities
Responsible for leading our certain functional areas of our quarterly risk assessment process which includes researching external market trends, critical thinking around core retail and technology fundamentals and collaboration with senior leadership across Lowe's Companies Inc.to assess inherent and emerging risks across all functional areas, identify and understand retail and technology trends, and maintain an active understanding of strategic initiatives to ensure a prioritized set of audit projects are selected for our rolling audit plan.
Responsible for ensuring all India specific Internal audit regulatory requirements like ICFR and any other emerging requirements are identified and incorporated into the IA workplan.
Oversees multiple teams responsible for developing and deploying the audit methodology, developing and implementing risk-based approaches for evaluating strategic, operational, technology and compliance effectiveness, enabling executing reporting to summarize audit outcomes, and monitoring compliance and assurance activities for the company.
Assists in the prioritization and deployment of Internal Audit resources among the business areas driving or supporting the most significant contributions to the evaluation of the Company's control environment through the execution of the rolling audit plan.
Leads internal audit evaluations of significant strategic, financial, operational, technology, and compliance risks in current or future state processes throughout Lowe's, including evaluations of risks and controls within steady-state processes in corporate functions and departments, stores, and distribution centers as well as consultative reviews of new process, policies or technologies as they are being implemented.
Manages work performance of audit senior managers/ managers, seniors, and staff through timely feedback, coaching and corrective action to ensure that all employees are developing appropriately and that top performers are retained.
Among responsibilities, this senior director/director will also lead our teams with regards to SOX General Computer Controls and India-focused audits.
Clearly communicates audit results with a strong executive presence across all levels of management, and develops trusting relationships with business stakeholders through a collaborative and empathetic approach.
Responsible for the accuracy and quality audit reports, providing feedback on the application of audit techniques and identifying ongoing departmental training needs for the team.
Oversees the issue follow-up process to include ensuring the audit team resources are effectively evaluating management actions or plans to close outstanding audit observations, maintains a communication with management on issue status quarterly and properly escalates/applies resolution when issues are off track.
Develops timely executive summary materials to be incorporated into the global Audit Committee communications and takes full responsibility to present the executive summary materials to the India board.
Seeks opportunities to simplify and improve existing processes by maintaining a network of peers throughout the organization, staying ahead of changes in the business, researching trends in compliance, and spreading better practices identified from prior audits.
Owns coaching and professional development for their respective team members, ensures individuals on their teams establish goals to enable the department's objectives, and evaluates talent at scheduled intervals throughout the year.
Communicates frequently with the Vice President and team on the progress of the audits and keeping the team appraised of any issues raised during communications with management.
Assists in the development and management of the budget.
Years of Experience
We are seeking an experienced audit leader who has successfully planned and executed comprehensive risk audits, including evaluations of corporate functions, stores, and distribution centers. Also, establishes and maintains quality assurance processes to ensure the integrity and objectivity of the audit function's work.
10+ years of experience in audit or relevant work
3 years of experience as an Audit Manager or equivalent
5 years of leadership experience with direct report responsibility
Qualifications
Required Qualifications- Master's Degree in accounting, finance or related field Chartered Accountant (CA), Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), or Certified Internal Auditor (CIA)
Primary Skills (Must Have)
Focus on Customers: Ensures the organization delivers SMART customer service. Creates a sense of urgency for meeting customer needs. Establishes organizational partnerships with key customers. Fosters an omni-channel, customer-focused environment.
Deliver Results: Motivates the organization to achieve meaningful results. Inspires and models a culture of perseverance. Removes organizational level barriers to getting things done. Achieves results that have a direct impact on business performance.
Take Action: Builds an environment that emphasizes initiative and urgency. Models and inspires a cando attitude. Responds quickly to new business opportunities. Leads the way when significant challenges arise.
Show Courage: Confronts actions that are inconsistent with the organization's mission. Fosters a culture that supports taking well-reasoned risks. Takes a stand for the organization in the face of adversity. Leads the organization through times of crises and significant change.
Continue Learning: Continuously seeks feedback and opportunities to improve own leadership ability. Creates a culture that emphasizes and reinforces ongoing learning and development. Anticipates how business changes will impact development needs.Sponsors organization-wide initiatives that build leadership capability.
Assess & Develop Talent: Evaluating and developing people to effectively manage performance, fill talent gaps and help meet both personal and organizational goals. (Leadership Behavior)
Champion Lowe's Mission: Painting a compelling picture of the Lowe's mission that inspires others to action. (Leadership Behavior)
Drive Engagement: Creating a climate where associates feel valued and motivated to do their best to help Lowe's achieve its objectives. (Leadership Behavior)