SVP, Internal Audit

Summary

The SVP, Internal Audit leads and directs the Internal Audit function at NYPA under the direction of the Trustees and the Audit Committee. This role will oversee preparation of the annual Internal Audit plan and EH&S Compliance Audit Plan, direct the execution of internal audits aimed at regularly evaluating the adequacy and effectiveness of financial, information technology, compliance and operating controls. The SVP will develop and implement a strategically focused risk-based approach for conducting audits and managing the Internal Audit function at the Authority. 

Responsibilities

• Develop, lead, and execute a comprehensive enterprise-wide internal auditing strategy, function and practice adhering to auditing standards and regulatory requirements. Establishes the internal audit activities in conformance with the Institute of Internal Auditors Standards and the International Professional Practices Framework to attain long-term auditing objectives.
• Recommend improvements and escalate emerging issues or significant risks in a timely fashion to senior management, the CEO and Board of Trustees. 
• Lead continuous monitoring of business activities and regulatory changes to evaluate impacts to risk assessments and audit plan.
• Identify resolutions of complex and time sensitive regulatory and audit issues and articulate complex issues and themes to senior level stakeholders.
• Partner with other monitoring functions such as Risk & Resilience, Ethics and Compliance, and Internal Business Controls and other business units throughout the enterprise.
• Strengthen and manage relationships with executive leadership and senior leaders across the stakeholder groups and advocate for strong partnerships with business leaders 
• Strengthen and preserve the Authority’s position within the state as a leader in Internal Audit.  
• Maintain in-depth knowledge of auditing and accounting standards including pronouncement of FASB, GASB, GAAP, GAAS. , FERC, NERC, COSO Integrated Control Framework  and technology frameworks such as NIST, ITIL. 
• Promote best practices and innovation for internal auditing, bringing a continuous improvement mindset, use of data analytics and advanced technologies to Internal Audit activities.
• Oversee the operation of the Audit organization in accordance with the direction established in strategic plans. Direct the team and drive continuous learning and professional development of staff; build department’s talent pipeline and bench strength.

Knowledge, Skills and Abilities

• Exceptional leadership skills proven through ascending positions of increased responsibilities. Excellent interpersonal and coaching skills.
• Proven ability to lead and execute strategic business initiatives and provide tactical planning. 
• Expert knowledge of relevant auditing and compliance concepts and techniques and thorough familiarity with the IIA standards, GAAP, and GAGAS. COSOIntegrated Control Framework, and Sarbanes-Oxley and SEC pronouncements on Internal Controls. 
• Strong technical and comprehensive knowledge of entity-wide fraud risks, specific schemes, and related red flags.  
• Expert knowledge of legal requirements over the execution and documentation of fraud and special investigations.
• Understanding of electric utility industry, NYISO market governance and operational practices, FERC, NERC and PSC regulatory guidelines. Knowledge of current trends in marketing, rate setting, customer solutions, and generation and transmission. 
• Expert knowledge of risk-based approaches in audit management required. 
• Proven ability to develop and maintain strong professional relationships with key stakeholders. 
• Must have strong integrity and trustworthiness. Experience handling confidential matters with discretion. 
• Ability to obtain working knowledge of operations of the New York ISO. 
• Experience working in or with governmental agencies preferred.

Education, Experience and Certifications

• Bachelor’s degree required; MBA preferred.
• Minimum 10 years of progressive responsibility and experience in auditing or related area.
• CPA, CIA, CISA, CFE designation in multiple areas are highly desirable.
• Minimum 3 years’ experience leading and developing people and teams.
• Energy/Utility industry experience preferred.

Physical Requirements

• Approximately 15% travel, primarily within NY State to NYPA facilities.