Internal Audit Jobs in New York City, New York: Salary Overview and Job Description

New York City, the financial hub of the United States, is a thriving metropolis with a high demand for skilled internal audit professionals. This article provides an in-depth overview of internal audit jobs in New York City, including salary ranges and a detailed job description.

Salary Overview

Internal audit salaries in New York City vary based on factors such as industry, company size, experience, and qualifications. Here are approximate salary ranges:

– Entry-Level Internal Auditor (0-3 years): $60,000-$85,000 per year

– Senior Internal Auditor (4-7 years): $85,000-$120,000 per year

– Internal Audit Manager (8-12 years): $120,000-$180,000 per year

– Senior Internal Audit Manager (13+ years): $180,000-$250,000 per year

Job Description

Key Responsibilities:

1. Audit Planning: Plan and conduct internal audits.
2. Risk Assessment: Identify and assess business risks.
3. Audit Execution: Conduct audit procedures and testing.
4. Report Writing: Prepare audit reports and presentations.
5. Process Improvement: Recommend process improvements.
6. Compliance: Ensure regulatory compliance.
7. Internal Control: Evaluate internal controls.
8. Financial Analysis: Conduct financial analysis.

Requirements:

1. Education: Bachelor’s degree in Accounting, Finance, or related field; CPA, CIA, or CMA certification preferred.
2. Experience: Minimum 1-3 years of internal audit experience.
3. Language Skills: Fluency in English.
4. Technical Skills: Proficiency in audit software, such as ACL or IDEA.
5. Soft Skills: Strong analytical, communication, and problem-solving abilities.

Industry-Specific Requirements:

1. Financial Services: Knowledge of financial markets and instruments.
2. Healthcare: Understanding of medical accounting and billing.
3. Technology: Familiarity with software development and project management.

Career Path and Progression:

1. Internal Auditor: Senior Internal Auditor, Internal Audit Manager.
2. Senior Internal Auditor: Internal Audit Manager, Senior Internal Audit Manager.
3. Internal Audit Manager: Senior Internal Audit Manager, Head of Internal Audit.

Challenges and Opportunities:

1. Regulatory Complexity: Navigate complex regulatory environment.
2. Economic Volatility: Manage financial risks amidst economic uncertainty.
3. Growth Opportunities: Identify emerging opportunities in internal audit.
4. Talent Development: Attract and retain top internal audit talent.

Skills Required:

1. Audit planning and execution
2. Risk assessment and management
3. Financial analysis and reporting
4. Internal control evaluation
5. Compliance and regulatory knowledge
6. Process improvement and consulting
7. Communication and interpersonal skills
8. Analytical and problem-solving skills

Average Salary Growth Rate: 10-15% per annum

Job Satisfaction Rate: 8/10

Conclusion:

Internal audit jobs in New York City offer challenging and rewarding career opportunities. With competitive salaries and growing demand, New York City is an attractive destination for internal audit professionals.

If you are looking for suitable job, please upload your CV or apply here: www.finjobhub.com