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Vice President, Internal Audit

Company: Marriott International
Location: Bethesda
Posted on: November 18, 2021

Job Description:

Posting Date Oct 29, 2021 Job Number Job Category Finance & Accounting Location Marriott International HQ, 10400 Fernwood Road, Bethesda, Maryland, United States VIEW ON MAP Brand Corporate Schedule Full-Time Relocation? N Position Type Management Located Remotely? N Marriott International is the world's largest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed. We believe a great career is a journey of discovery and exploration. So, we ask, where will your journey take you? POSITION SUMMARY The Internal Audit function provides the Company with a systemic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance. Internal Audit ensures the company's network of controls, governance, and business and financial risk management processes, are adequate and effective using a risk-based audit strategy. As a member of the Internal Audit leadership team, this individual will play a pivotal role in implementing Internal Audit's strategic objectives and operating in accordance with the Internal Audit Charter. The Vice President of Internal Audit will engage with multiple stakeholders including continent and corporate senior leadership across the various disciplines and Continent Operations, as well as external stakeholders, including vendors, franchisees, hotel and casino owners and their auditors. This individual will provide independent, objective assurance on operational, financial, compliance and information technology (IT) audits and, also oversee assessments, and advisory projects. S/he will lead Internal Audit's advancement of the maturity of the function through remaining current with trends in Internal Auditing and developing and managing automated testing capabilities and data sets in support of Internal Audit projects, including areas of continuous monitoring, as well as developing executive reports and dashboards for reporting to key stakeholders. S/he will oversee the Company's annual enterprise risk assessment program and reporting. S/he will have responsibility for overseeing management's assessment of internal controls over financial reporting under Sarbanes-Oxley and the oversight of the external auditor. S/he will play a key role for establishing and managing relationships with co-sourced service provider(s) to ensure that Marriott's global controls, policies and procedures are maintained to the strictest standards and audits/assessments completed by co-sourced service providers are completed in accordance with the standards of the Institute of Internal Auditors, are managed efficiently and of high quality and are properly communicated with stakeholders. S/he will have responsibility for all audits and fraud matters at properties in the United States and Canada and will support the Chief Audit Executive on any fraud or investigative matters at a corporate level. S/he will partner with the International Internal Audit Senior Directors to manage the efforts of the global team under the direction of the Chief Audit Executive. S/he will oversee the US based team, providing training, career development, counseling and oversight of their work and will support the Chief Audit Executive in building the team with the skills needed and in consideration of Marriott's Diversity, Equity, and Inclusion (DEI) initiative. EXPECTED CONTRIBUTIONS Key Responsibilities Assist the Chief Audit Executive (CAE) in setting the strategic direction of the Internal Audit function and ensure Internal Audit operations are compliant with the standards of the Institute of Internal Auditors and the Internal Audit Charter, with the complexities of managing these efforts given the co-sourced Internal Audit model. Identify changes in business circumstances and risks that impact Internal Audit plans and Marriott's control environment and adjust the Internal Audit Plan, as necessary, to respond to changes. Develop comprehensive multi-year Internal Audit plans to monitor and assess management's controls across the organization. Remain current on developments within the hospitality industry best practices and regulatory requirements with respect to financial, accounting, auditing, ICFR/financial reporting, operational, technology and compliance guidance and practices. Advance the maturity of the Internal Audit function through remaining current with trends in Internal Auditing and bringing thought leadership to the CAE and global Internal Audit team. Recognize, analyze, and interpret business/enterprise risk and provide guidance and recommendations on courses of action to accept, mitigate, or otherwise manage identified risks. Maintain a deep understanding of the organization, develop broad relationships across the various business units, and establish Internal Audit as a credible trusted business partner and a strong catalyst for change. Manage relationships and communications effectively at all levels of the Company. Establish respect by senior management, have a proven ability to add value and ensure that internal controls are effective across all disciplines. Lead the preparation and review of the Internal Audit and CAE's deliverables for Audit Committee meetings. Ensure Internal Audit deliverables are complete and accurate, easily understood and delivered timely for review by the CAE. Manage execution of annual Internal Audit plan inclusive of Property, Above Property, Compliance, Technology, Data Analytics, Special Projects, and Sarbanes Oxley Oversight. Deliver on total hours expected by the Audit Committee. Lead and oversee resources for technology specific audits and use of data analytics in support of all Internal Audit efforts - currently team resources in these areas are sitting within Marriott's co-sourced partners, but leaders in these areas are planned to be future in-house resources (currently covers over 8,000 hours of expected annual Internal Audit effort). Establish and manage relationships with third party co-sourced service provider(s) to ensure that Marriott's global controls, policies and procedures are maintained to the strictest standards and Internal Audit efforts by co-sourced service providers (currently approximates 25,000 hours annually) are completed efficiently, effectively and of high quality and that MSA and Statements of Work (SOW) contract SLAs are met. Assist CAE with management of budget and resource scheduling. Oversee professional fee spend, adequately track and monitor costs and provide timely updates to CAE especially regarding any expected over/under budget situations. Ensure all projects are completed within budget Consistently identify opportunities to reduce costs and improve operating margins and establish audit scopes to be responsive to the risks and sensitive to the use of our budget across the approved Internal Audit Plan. Approach audits and advisory efforts with a focus on the greatest risks but also communicate value added messages in the Internal Audit reports and communications with the business by considering other insights and meaningful metrics. Develop and maintain strong relationships with Global Finance leaders and other key stakeholders to provide guidance and/or consultation, as appropriate, to effectively influence business decisions and optimize overall internal controls environment. Develop relationship with and coordinate scope and coverage across the three lines, including with the Company's external auditors, the Chief Accounting Officer, the Company's key third party service providers, and the external co-source provider(s). Oversee Internal Audit efforts over properties in the United States (US) and Canada, with possible support of Caribbean and Latin America properties as well given resource needs of the International Internal Audit team. Partner with Investigations and Legal for fraud matters at US and Canadian hotels and at corporate locations at the direction of the CAE. Coordinate efforts with regional leadership for the US and Canada to manage response to periodic and ad hoc requests from Marriott owners' auditors, in support of hotel owners' financial statement audits. Attend regional leadership meetings as necessary to present and discuss topics related to internal control and fraud matters, especially in the areas of Finance and Internal Control over Financial Reporting (ICFR)/Sarbanes-Oxley. Serve as the Internal Audit representative on working groups related to Marriott's Growth Platform (MGP) and ensure learnings are brought back to the Internal Audit team, including co-sourced partners to manage any needed changes to the Internal Audit Plan. Manage special projects requested by senior leaders or the Audit Committees, make recommendations to mitigate any risks or identified weaknesses, as appropriate, with a focus on financial, operational, compliance and information technology issues. Coordinate efforts with finance leaders to ensure that Marriott's and key third-party service organization control reports (SOC-1's) are completed and delivered timely in support of Marriott and hotel owners' financial statement audits. Manage response to periodic and ad hoc compliance requests from various business units across the organization. Coordinate efforts with the global Internal Audit team to ensure responses are complete and accurate. Lead the contract negotiation efforts with respect to audit provisions in information technology or other vendor contracts with third party service providers. Coordinate efforts with IT leadership and attend meetings with service providers as necessary. Manage a team of US based Internal Audit professionals to execute audit, reviews, and consulting projects in conformance with the standards of the Institute of Internal Auditors using a flexible resourcing mix of internal and co-sourced resources..... click apply for full job details

Keywords: Marriott International, Bethesda , Vice President, Internal Audit, Accounting, Auditing , Bethesda, Maryland

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