Internal Audit Manager

Why Great Gray?
At Great Gray Trust Company, we strive to set the bar for the retirement services industry. Our goal is to deliver advanced retirement solutions that combine our core fiduciary services with robust investment options, innovative technology, and dedicated client service. We focus on making choices clearer, transitions smoother, and the client experience more delightful. Complacency isn't in our vocabulary. Every day, we look for opportunities to better serve our clients, be an excellent business partner, and earn the trust of those who rely on us.
The Role
The Internal Audit Manager on our Risk & Compliance Team is responsible for leading the internal audit function, independently and objectively evaluating the design, implementation and effectiveness of the enterprise risk management program, and financial and operational governance and processes to ensure that they comply with regulations, other third-party requirements, and internal policies. This role involves planning and executing audits, identifying risks, recommending improvements, and reporting findings to senior management and the Audit Committee.
In terms of organization hierarchy, the Internal Audit Manager represents the third line of defense and works with external auditors, risk and compliance (second line of defense), and the first line of defense (the business). The Internal Audit Manager will have a direct reporting line to the Audit Committee. The Internal Audit Manager will collaborate with the Chief Financial Officer, Chief Operating Officer, and Chief Compliance Officer as well as other key stakeholders to achieve effective governance and risk management and internal controls.
Location
This position will work from one of our office locations listed below. Great Gray currently promotes a hybrid work model with 4 days onsite and 1 day remote.

• Boston, MA
• Wilmington, DE
• Las Vegas, NV

Responsibilities
Audit Planning and Execution:

• Develop and implement a comprehensive internal audit plan based on risk assessment.
• Lead and manage audit engagements, including financial, operational, compliance, and IT audits.
• Perform audits to evaluate the effectiveness of internal controls, efficiency of operations, and compliance with policies and regulations.

Risk Assessment:

• Conduct risk assessments to identify key areas of risk within the organization.
• Develop and update the risk-based audit plan accordingly.
• Monitor emerging risks and trends that could impact the organization.

Reporting and Communication:

• Prepare clear, concise, and well-supported audit reports for senior management and the audit committee.
• Present audit findings and recommendations to stakeholders.
• Follow up on the implementation of audit recommendations and report on the status of corrective actions.

Team Leadership:

• Initially manage external resources that are performing the function be internalizing before internalizing that work in the near-term and adding internal audit resources as needed over time.
• Build, supervise and mentor a team of internal auditors, providing guidance and development opportunities.
• Ensure the audit team adheres to professional standards and regulatory requirements.
• Foster a culture of continuous improvement within the audit team.

Compliance and Governance:

• Ensure the organization's compliance with relevant laws, regulations, and internal policies.
• Participate in governance, risk, and compliance (GRC) initiatives.
• Support external auditors and regulatory examiners as needed.

Process Improvement:

• Identify opportunities for improving internal controls, operational efficiencies, and risk management processes.
• Recommend and assist in the implementation of process improvements.
• Promote a culture of accountability and continuous improvement within the organization.

Qualifications & Experience

• Education: Bachelor's degree in Accounting, Finance, Business Administration, or a related field; a Master's degree is preferred.
• Certification: Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certification in Risk Management Assurance (CRMA), or other relevant certifications.
• Experience: Minimum of 6-8 years of experience in internal audit, public accounting, or a related field, with at least 2 years in a supervisory or managerial role.
• Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
• Comfortable navigating ambiguity.
• Entrepreneurial mindset to bring best practice ideas to the team.
• Exhibits our Great Gray attributes: Results-Driven, Innovative, Resilient, and Decisive.

Benefits
We have a comprehensive and competitive benefits package at Great Gray. Some of the highlights are:

• Be an integral part of an early-stage, high-growth organization!
• Hybrid work environment
• Competitive compensation package including 401(k) with elective and non-elective match opportunities
• Lifestyle spending allowance program
• Medical, Dental, Vision Insurance
• Employer-paid life and disability insurance
• Generous and well-deserved, paid time off program

Company Background
Great Gray Trust Company is the leading independent provider of trustee and administrative services to Collective Investment Trusts ("CITs"), with over $185 billion in CIT assets, across more than 700 funds. We proudly work with 75 subadvisors, including leading firms such as Alliance Bernstein, American Funds, BlackRock, Franklin Templeton, MetLife, Neuberger Berman, PGIM, PIMCO and Raymond James.
CITs are more than just an investment vehicle. They represent a forward-thinking approach to retirement planning. These tax-exempt, pooled investment vehicles are offered to employer-sponsored retirement plans, like 401(k)s. CITs are comparable to mutual funds, but, because they are tailored for the institutional retirement market, they can offer distinct advantages, including efficient administration and cost-effectiveness. CITs have a history dating back over 90 years, but they have gained favor over the past decade, driven by innovations, and Great Gray has been at the forefront.
Great Gray has consistently delivered year-over-year growth at an above market rate and is investing in the continued development of its core CIT business as well as complementary administrative services and technology solutions for the retirement market.
Madison Dearborn Partners ("MDP") purchased Great Gray from Wilmington Trust in April 2023. As a result, Great Gray is an independent company owned by funds affiliated with MDP.
Investor Background
MDP is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media, and technology services.
Equal Employment Opportunity Policy
Great Gray, LLC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, disability status or other non-merit factor.
#LI-HYBRID
#LI-JJ1