General Electric Chief Audit Executive, GE Renewable Energy in Schenectady, New York
Job Description Summary
Based in Schenectady (NY) and reporting to the GE Vice President Chief Audit Executive (GECAE), the Chief Audit Executive for GE Renewable Energy will re-design, build and lead a data-driven, modern audit function, grounded in strong technical expertise for their respective GE business and market space.
GE is in the midst of a significant and public transformation of its portfolio, leadership, operations and culture. One of the top priorities within this transformation is the Internal Audit function. GE is currently evolving the function, focusing more on the development of deep, data-driven, modern audit expertise and experience to serve as a true business partner for the audit committee and executive leaders, while still maintaining its commitment to talent development, both within and outside the function.
A key dimension of this role is focused on leadership both inside and outside the specific GE business, including:
Partnering effectively with Business Executives, GE Enterprise leaders and other Business Unit and Functional CAEs on implementing solutions for mitigating risk and prioritizing initiatives to ensure focused execution
Ensuring healthy, collaborative relationships between corporate and the Business Unit to capitalize on capabilities and expertise and internal audit rigor
Deliver integrated audits across finance, technology, operational, compliance and other risks.
With a LEAN mindset, build and lead the Internal Audit team for GE Renewable Energy that supports the strategy set out by the Corporate CAE & Audit Committee.
Develop and execute risk-based, business-wide audit plans for GE Renewable Energy that clearly define the objectives and scope of each review, employing critical thinking and appropriate testing methodologies.
Complete risk-based audit plans, including communicating findings with clients in a clear and timely manner; writing audit reports that are meaningful and comprehensive (yet easy to understand); working with management to develop action plans to remediate findings and address areas for improvement; and track corrective actions through to completion.
Develop strong relationships with GE Renewable Energy and Corporate executives, managers and business process owners, advising them (and providing training) on how to identify, assess and mitigate risks in their environment.
With a data first mindset, partner with the Data and Analytics team to create a data driven approach to risk assessment. Effectively blend qualitative and quantitative analysis to identify high risk areas and ways to maximize coverage.
Regularly communicate business risks and opportunities to the CAE, Business unit CFO, and other senior management members along with appropriate recommendations.
Partner cross-functionally to develop and maintain internal policies and procedures that support an effective and efficient system of internal controls.
Maintain awareness of technological changes in relevant functional and operational areas to be audited. Seek, learn and use new audit techniques, as necessary, and share knowledge with internal customers.
Identify opportunities for continuous monitoring or digitization of test-work across the various cycles, driving better efficiency, coverage, and effectiveness.
Develop an awareness of advanced capabilities like Artificial Intelligence and Machine Learning and how to best deploy this capability across the audit cycle.
Manage the testing of the business’ internal controls. Communicate deficiencies and the status of remediation efforts to company management and the Audit Committee on an ongoing basis. Provide input as needed with respect to other aspects of Sarbanes-Oxley compliance.
Stay connected with peers and senior partners across Corporate Auditing to understand emerging risks relevant to the Industry and adjust audit plans accordingly.
Work closely with Legal on compliance programs involving business ethics, including the investigation of whistleblower complaints and other matters, and report to management.
Coordinate efforts with, and provide support to, the external audit firm to ensure coverage.
Attract, develop and retain a diverse and high performing Internal Audit team. Mentor, coach and teach, as needed, including developing people for career opportunities and advancements within General Electric, including, but not limited to, the Finance and Accounting areas. Develop, update and maintain talent development, training and succession plans for the department.
Create an equitable and inclusive environment where people can bring their full selves to work and unlock their greatest potential and contributions to the team.
Drive continuous improvement mindset in the audit function, including identifying and integrating best practices; Identify specific actions to improve the efficiency and effectiveness of Internal Audits.
Achieve annual goals and budget targets by effectively managing resources and stakeholder requirements.
YEAR ONE CRITICAL SUCCESS FACTORS
Develop an understanding of the General Electric business, the strategy and vision for future to ensure that the Internal Audit department is aligned as it begins its transformation.
Build a strong, technical, data-driven modern audit function and team for GE Renewable Energy.
Gain credibility with the Corporate CAE, Business Unit CFO, other business unit and functional CAE peers and team out of the gate; personify a positive attitude and desire to contribute to the success of General Electric.
Broaden the capabilities and deepen audit expertise of the internal audit function, while maintaining the value add to the organization.
PROFESSIONAL EXPERIENCE/SUCCESS PROFILE
Experience implementing a risk-based audit approach in a F1000 global industrial/healthcare environment, working with international operations is critical. A foundation in public accounting, coupled with experience in a global publicly traded company would be ideal.
Experience as an Internal Audit Leader in a large division, region, or corporate environment is preferred; sub functional audit leadership at corporate or key deputy experience will also be considered.
Proven ability to handle scale, change agenda, pace and overall complexity.
Track record of building/transforming an audit function to drive business strategy.
Track record of working alongside business leaders, positioning internal audit as a strategic partner, identifying, and helping mitigate risk.
Superior business acumen: ability to build strong relationships and trust with company leadership and business process owners.
Modern Audit/Data-Driven Approach – Track record of leveraging technology and using data to drive insights and actions
Strong technical internal audit skills, including IT audit skills and knowledge of SOX 404 requirements.
Lean Process orientation: passion to help improve operations continuously.
Strong quantitative and qualitative analysis skills; ability to take large volumes of complex information and present it in a clear and concise manner; uses data and a cogent problem-solving methodology in decision making and impact assessment.
Capability to work with a team in a fast-paced environment to meet strict deadlines while managing multiple priorities.
Steps forward to address difficult issues and guide others toward the accomplishment of identified, meaningful goals.
Initiates, supports and manages change within the organization, taking steps to remove barriers or to accelerate its pace.
Ability to quickly assimilate relevant information in unfamiliar situations.
Excellent listening, verbal, written and presentation communication skills.
An undergraduate degree in a related field is required. A CPA and/or CIA or other risk management or audit designation would be an attractive addition to a candidate’s credentials.
The GE Leadership Behaviors – Act with Humility, Lead with Transparency, and Deliver with Focus – are an essential part of GE’s Lean culture transformation, reflecting how we act to drive progress.
Act with Humility
We embrace a culture of respect which values inclusive teams and diverse perspectives.
We actively listen to internal and external sources.
We learn from our shortcomings as much as we celebrate our wins.
Lead with Transparency
We embrace candor , saying what we think, not what people want to hear.
We share information so we can solve problems .
We contribute to each other’s development in a constructive way.
Deliver with Focus
We put safety first.
We prioritize our work, maximizing our impact.
We measure performance through the lens of our customers .
… always with unyielding integrity
GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer (https://assets.phenompeople.com/CareerConnectResources/GE11GLOBAL/en_global/desktop/assets/images/poster_screen_reader_optimized_w_supplement.pdf) . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
Relocation Assistance Provided: Yes