Full-Time

Internal Audit Director

Posted on 9/4/2024

Brex

Brex

1,001-5,000 employees

Financial services for startups and businesses

Fintech
Financial Services

Compensation Overview

$223.7k - $279.7kAnnually

Senior

New York, NY, USA

Requires in-office presence at least 2 days per week (Wednesday and Thursday).

Category
Auditing
Financial Analysis
Accounting
Required Skills
Data Analysis
Requirements
  • Bachelor’s degree in Accounting, Finance, Business Administration, or a related field
  • 10+ years of experience in internal audit, external audit, risk management, or a related field within the financial services industry
  • Demonstrated ability to build a new department or function within an organization
  • Proven experience in a leadership role, with a track record of successfully managing audit teams and delivering audit programs
  • In-depth knowledge of financial services regulations, risk management practices, and internal control frameworks
  • Strong leadership, communication, and interpersonal skills, with the ability to influence and collaborate with senior management and board members
  • High level of integrity, ethics, and professionalism
  • Exceptional analytical, problem-solving, and decision-making abilities
  • Proficiency in designing and building audit software and data analytics tools
  • Must be willing to work in office 2 days per week on Wednesday and Thursday
Responsibilities
  • Develop and execute a comprehensive internal audit strategy aligned with the company’s overall business objectives and risk management framework
  • Act as a key advisor to the Board Audit Committee, CEO, and senior management on all matters related to internal controls, risk management, and corporate governance
  • Design and implement an annual risk-based audit plan covering financial, operational, and compliance areas
  • Oversee the execution of internal audits, ensuring they are conducted in accordance with professional standards and within budgeted timeframes
  • Evaluate and test the effectiveness of internal controls, identify areas of improvement, and recommend enhancements to management
  • Review and approve audit reports, ensuring they are clear, concise, and provide practical recommendations for improvement
  • Collaborate with the Finance, Compliance, and Legal departments to ensure that the company’s risk management processes are robust and effective
  • Monitor emerging risks and regulatory changes that may impact the organization, and adjust the audit plan accordingly
  • Ensure compliance with relevant regulations, laws, and standards (e.g., GDPR, BSA/AML, etc.) through targeted audit activities
  • Communicate audit findings and recommendations to the Board Audit Committee, senior management, and other stakeholders in a timely and transparent manner
  • Provide regular updates to the Board Audit Committee on the status of the internal audit plan, key risks, and the implementation of audit recommendations
  • Build strong relationships with external auditors, regulators, and financial services partners to facilitate the audit process and ensure the alignment of internal and external audit activities
  • Stay abreast of industry trends, best practices, and emerging technologies that may impact the internal audit function
  • Lead initiatives to enhance the effectiveness and efficiency of the internal audit process, including the use of data analytics, automation, and other innovative audit tools
  • Promote a culture of risk awareness and effective controls across the organization through training and communication initiatives

Brex provides financial services designed for startups, small to medium-sized businesses, and larger enterprises. Their main products include corporate credit cards, cash management accounts, and expense management tools. Brex's corporate credit cards offer higher credit limits without requiring personal guarantees, making them appealing to businesses with limited credit history. The services are integrated with other business tools, allowing clients to manage expenses, track spending, and optimize cash flow efficiently. Unlike traditional banks, Brex focuses on a tech-savvy approach to finance, which helps them stand out in the financial services market. The company's goal is to simplify financial management for businesses, particularly those in the startup phase.

Company Stage

Debt Financing

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2017

Growth & Insights
Headcount

6 month growth

3%

1 year growth

-8%

2 year growth

8%
Simplify Jobs

Simplify's Take

What believers are saying

  • Generative AI enhances Brex's offerings for small businesses lacking financial expertise.
  • Brex's revamped partnership program accelerates growth for accounting firms.
  • New digital banking products expand Brex's support for startups and founders.

What critics are saying

  • AI-powered platforms like Puzzle threaten Brex's expense management tools.
  • Amazon's B2B solutions could challenge Brex's market share in financial services.
  • Tech layoffs in 2024 may impact Brex's client base of startups and small businesses.

What makes Brex unique

  • Brex offers high credit limits with no personal guarantees, ideal for startups.
  • Seamless integration with business tools sets Brex apart from traditional banks.
  • Brex's digital banking products provide comprehensive financial solutions in one platform.

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Benefits

Self-care. Health, dental, and vision; One Medical; Spring Health mental wellbeing; Calm membership.

Money. Competitive compensation with a biannual merit cycle, equity, 401(k) plan, and more.

Rest. Unlimited PTO if full-time, paid holidays, company weeks off, and parental leave.

Freedom. Remote-first, team and company offsites, monthly stipend, and one-time office setup budget.

INACTIVE