Main Responsibilities and Required Skills for IT Audit Manager
An IT Audit Manager is a professional who oversees the IT audit function within an organization or audit firm. They plan, coordinate, and execute IT audits to evaluate the effectiveness and efficiency of an organization's IT systems and processes and identify risks and vulnerabilities that could affect the organization's operations or data. In this blog post we describe the primary responsibilities and the most in-demand hard and soft skills for IT Audit Managers.
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Main Responsibilities of IT Audit Manager
The following list describes the typical responsibilities of an IT Audit Manager:
Address
Address and resolve issues and challenges relating to clients, consultants, and engagements.
Add
Add value through consultative interactions with business line management.
Anticipate
Anticipate and address client concerns and escalate issues as they arise.
Articulate
Articulate audit issues and draft audit findings in a factual and concise manner.
Assess
Assess risk along with design and communicate audit procedures to engagement teams.
Assist in
Assist audit management with macro reporting by providing data relevant to technology audit findings.
Assist in consolidating, tracking, and reporting the results of audits to Executive Management.
Assist in defining audit objectives and test programs for advisory engagements.
Collaborate with
Collaborate with broader Global IT teams and departments to achieve the annual plan.
Compile
Compile and analyze vast array of data into a coherent report for the audit committee.
Complete
Complete systems, operational or compliance audits using a risk-based methodology.
Conclude on
Conclude on the effectiveness of internal controls, enterprise policies, processes and procedures.
Conduct
Conduct audit opening meetings with client.
Contribute to
Contribute to preparation of internal audit management reports.
Coordinate
Coordinate IT themes across US IT Teams by collaborating with Global ITA teams.
Coordinate with firm specialists as needed.
Design
Design and implement data analytics.
Develop
Develop and deliver an audit opinion on internal controls through completion of the audit.
Develop and foster client relationships.
Develop and supervise IT audit team (internal and contract resources).
Develop capability of team use of analytic tools to widen scope of assurance.
Document
Document key controls and testing strategies for each audit engagement.
Draft
Draft technical memorandums, audit reports, and audit committee presentations.
Drive
Drive a vision for IT solutions that improve security, productivity and competitive advantage.
Ensure
Ensure accurate coverage and consideration of auditing principles and practices.
Ensure professional development through ongoing education.
Establish
Establish effective working relationships with stakeholders and colleagues.
Evaluate
Evaluate and improve the effectiveness of IT audit practices, tools and programs.
Execute
Execute quarterly continuous audit monitoring and review plans for each entity, as required.
Help
Help build technology audit skills across the Corporate Audit division.
Identify
Identify technical accounting matters early and assess impact on financial statements.
Identify technical related risks across all divisions and business functions.
Influence
Influence change and provide insights on business initiatives, including system implementations.
Interact with
Interact with Audit project team members in working towards Departmental goals.
Keep
Keep abreast of latest developments as they affect GAAP and the Firm's standards and policies.
Lead
Lead / manage a team of internal audit professionals at the regional level.
Lead meetings with clients for the purpose of presenting audit findings and recommendations.
Lead planning, status, and closing meetings.
Lead projects to completion and monitor progress of projects.
Lead timely production of high quality reports.
Manage
Manage assigned IT audit projects and staff.
Manage multiple engagement teams and prepare end-of-engagement evaluations for staff.
Manage profitability of projects.
Manage relationships with external audit resources.
Mentor
Mentor and develop staff to ensure professional development and business continuity.
Monitor
Monitor audit findings to ensure effective resolution.
Monitor the progress of engagements and key project activity dates to ensure deadlines are met.
Participate in
Participate in special audit projects as requested by senior management of the Bank.
Participate in the Company's governance processes around 3rd party risk management.
Perform
Perform quality reviews of others' working papers.
Prepare
Prepare audit plans and understands the specific issues to be evaluated.
Prepare audit reports and present key findings to senior level management.
Prepare internal audit reports of findings and recommendations for delivery to management.
Promote
Promote new ideas and new ways of executing projects and internal infrastructure enhancements.
Promote the use of advanced audit techniques such as continuous auditing and monitoring.
Provide
Provide advisory services, investigations and other ad hoc projects.
Provide consultative remediation recommendations to control owners.
Provide continuous mentoring to audit team members.
Provide developmental coaching and mentoring to peers and staff.
Provide effective communication and education of the internal control policies.
Provide feedback on staff performance on an audit project basis.
Provide leadership, coaching, performance management and personal development support.
Provide leadership, coaching, performance management and personal development support.
Provide on-the-job training for staff.
Provide oversight of staff including talent acquisition, retention, and development.
Provide support for US IT regulatory requests, responses and meetings.
Provide support to the business to implement IT and operational improvements.
Recommend
Recommend control improvements to mitigate key risks.
Review
Review working papers to ensure quality of all working documents and deliverables.
Supervise
Supervise auditors according to department objectives.
Supervise other audit managers or auditors assigned to projects according to department objectives.
Supervise Staff and Senior Consultants on client engagements.
Support
Support other department initiatives and deliverables as needed.
Support the development and implementation of data analytics more broadly in the business.
Travel
Travel throughout the month frequently required based on client requests / commitments.
Understand
Understand and utilize RSM's Audit Methodology.
Validate
Validate audit issue remediation activities so that control issues are effectively resolved.
Most In-demand Hard Skills
The following list describes the most required technical skills of an IT Audit Manager:
Supervisory
MS Access
CPA
Internal Audit
Itil
Iso 27001
Software Development
Assurance Services
Audit Methodologies
Audit Reports
Most In-demand Soft Skills
The following list describes the most required soft skills of an IT Audit Manager:
Written and oral communication skills
Analytical ability
Interpersonal skills
Mentoring
Oversight
Team leadership
Presentation
Handle highly confidential information in a strictly professional manner
Interact in team environment and foster client relationships
Problem-solving attitude
Meet deadlines
Organizational capacity
High motivated
Judgment
Making sound decisions
