The Area:
Morningstar is a leading global provider of independent investment insights. Our core competencies are data, research, and design, and we employ each of these to create products that clearly convey complex investment information. Our mission is to empower investor success and everything we do at Morningstar is in the service of the investor.
Reporting to the Audit Committee of the Board of Directors, the purpose of the Global Audit and Assurance (GAA) function is to strengthen Morningstar's ability to create, protect, and sustain value by providing the Company with organizationally independent, risk-based, and objective assurance and consulting services to evaluate and improve Morningstar's governance, risk management, and control processes.
The Role:
Morningstar is looking for a Manager of GAA to play a critical role in the Mumbai Internal Global Audit & Assurance function. This dynamic position offers an exciting opportunity to administratively lead a focused team of experienced auditors and to also execute a variety of projects, including risk assessments, audit engagements, advisory reviews, and special projects aimed at enhancing risk management, control, and governance. The role reports to the Global Audit & Assurance Director and will be a key member of the functional leadership team. This is a full-time position and is based in Morningstar's Mumbai office. The manager may be required to travel to a number of domestic and international locations in support of our annual internal audit plan.
Responsibilities
- Develop, schedule, and execute the risk-based audit plan that addresses the relevant and evolving business risks facing the company.
- Prepare and/or review the audit planning documents, audit programs, and supporting work papers.
- Prepare and/or review audit reports ensuring that all significant risk and internal control weaknesses are identified and that effective recommendations to address deficiencies are provided.
- Monitor the status of management corrective action plans and follow up as appropriate.
- Assist in managing the department's Quality Assurance and Improvement Program and external quality review.
- Provide guidance to management on internal control, governance, risk, and compliance activities.
- Promote high levels of ethical awareness and conduct and assist in the performance of investigations when appropriate.
- Implement data analytics and automation initiatives within internal audit activities to enhance efficiencies and increase audit effectiveness.
- Administratively manage a professional audit team with sufficient knowledge, skills, expertise, and professional certification to meet the audit requirements.
- Contribute to the continuous improvement of the overall IA methodology to ensure adherence to best practices.
- Ensure the professional development of the team through coaching and internal and external training.
- Assist in preparing reports to the audit committee.
- Coordinate with the Company's external audit firm & co-source partners and cultivate external relationships.
- Partner with the SOX program to ensure key controls are tested in alignment with the audit plan.
- Perform other related duties as assigned.
Requirements
- A bachelor's degree or equivalent in Accounting or Finance is required. A master's degree is a plus.
- CIA and/or CPA required; CISA and CFE considered a plus.
- Minimum of 8 years of progressive industry or public accounting experience (preferably with the Big 4 or national CPA firm and/or similar experience in corporate Internal Audit).
- Exceptional knowledge of internal audit standards, procedures, and techniques.
- Experience in executing and managing operational, financial, compliance, and IT audits and advisory engagements related to Risk Management, Governance, and controls.
- Strong understanding of COSO and GAAP.
- Strong experience performing data analytics and driving automation to realize efficiencies (preferably using tools such as Alteryx, Tableau, Power BI, UI Path, Automation Anywhere).
- Experience with electronic work paper tools (TeamMate, Workiva etc.) desired.
- Ability to effectively execute and manage several projects in multiple locations and manage time and the team effectively.
- Effective oral and written communication skills and the ability to write clear and concise audit reports.
- Proven ability to build and foster high-performance teams; build relationships with team members, business leaders, and global business functions.
- Flexibility/ adaptability to work a non-standard schedule as needed to accommodate various time zones where some process owners are located.
- Willingness to travel to domestic and international offices.
Morningstar is an equal opportunity employer.
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
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