Internal Audit Lead

About the role

The will own the end to end execution of the SOX testing program specifically focused on finance and operations related controls. This role is responsible for strengthening the company's internal control over financial reporting or ICFR through rigorous evaluation and monitoring. The hire will lead planning and execution while applying professional skepticism to assess control design and operational effectiveness. They will partner closely with finance process owners to validate controls and recommend improvements based on evolving risks. The position requires independent judgment to evaluate control deficiencies and drive timely remediation actions. The lead will manage documentation and map processes against the COSO framework to ensure compliance. They will also communicate findings to senior stakeholders including the Head of Internal Audit and the Audit Committee.

Key facts

What you'll do

• Lead the planning and execution of the annual testing program for finance and accounting processes such as revenue recognition procure-to-pay record-to-report treasury and payroll.
• Lead and perform process walkthroughs design assessments and testing of key controls over financial reporting to verify alignment with control objectives.
• Review the work of co-sourced and internal testers ensuring quality accuracy and consistency of testing results across the audit cycle.
• Partner with finance process owners to validate control design and address evolving risks and business changes as they emerge.
• Coordinate with cross functional teams including finance and accounting to assess design effectiveness and recommend improvements or system enhancements.
• Drive projects focused on addressing control gaps and proactively preparing for future control requirements to reduce remediation time.
• Monitor changes to business processes and apply independent judgement to evaluate the potential impact to the control environment.
• Present the impact of the changes to the Head of Internal audit and other stakeholders prior to implementation for informed decision making.
• Manage and update all ICFR SOX 404 documentation including COSO framework mapping process and control narratives flowcharts risk and controls matrix and testing approach.
• Apply professional skepticism and subject matter expertise to independently evaluate and conclude on control deficiencies.
• Develop the necessary remediation actions and monitor their implementation in due time to ensure closure.
• Identify assess and document control deficiencies including evaluation of severity and impact on financial reporting.
• Work with finance and cross functional managers and process owners to develop track and validate timely remediation plans.
• Recommend process improvements and efficiency opportunities while maintaining control effectiveness and regulatory compliance.
• Serve as the primary point of contact for ICFR and SOX testing for finance and process controls within the organization.
• Provide training guidance and day to day advisory support to finance process owners on SOX compliance expectations and best practices.
• Prepare concise high quality reports on testing results deficiencies and remediation progress for review with the Head of Internal Audit.
• Contribute to updates and presentations to senior management and the Audit Committee on SOX program status and key risks.

Requirements

• Hold a Bachelor's degree in Accounting Finance or related field as a mandatory credential for this position.
• Possess CPA CIA or CISA certification as a strong preference for the ICFR and SOX responsibilities.
• Accumulate 10+ years of progressive experience in internal audit external audit or SOX program management to ensure depth of knowledge.
• Include at least 2+ years in a managerial or supervisory role to lead teams and manage stakeholders effectively.
• Bring Big Four accounting firm or equivalent experience in Internal or External Audit practice to demonstrate rigorous methodology.
• Show deep expertise in SOX ICFR and various risk based audit approaches to manage complex control environments.
• Maintain strong knowledge of COSO PCAOB standards U.S. GAAP and regulatory requirements to align testing with frameworks.
• Exhibit experience in preparing executive presentations for senior level stakeholders to communicate risk and findings.
• Demonstrate proficiency in audit management tools such as AuditBoard Workiva or similar platforms for documentation and tracking.
• Show proficiency with ERP systems as well as financial close tools and their impact on internal controls and SOX compliance.
• Exercise leadership skills to inspire and manage teams including co sourced providers across multiple engagements.
• Use exceptional communication and executive presence to influence senior stakeholders and drive alignment.
• Apply strong strategic thinking to balance risk management compliance and operational efficiency in audit planning.

Nice to have

• Preferred experience with SOX program management in a fast growth technology company.
• Familiarity with Lambda's tech stack and cloud infrastructure products to better assess control relevance.
• Background working with distributed engineering and operations teams in a scalable environment.

Practical notes

• This role requires presence in the San Jose or San Francisco office location 4 days per week.
• Lambda's designated work from home day is currently Tuesday.
• The position reports to the Head of Internal Audit.
• Compensation details are not specified in this job description.
• The posting is open until the position is filled.
• Candidates must be authorized to work in the United States without sponsorship for this role.
• All selected candidates may be required to complete pre employment screening.
• The role involves frequent interaction with finance leadership and cross functional stakeholders.
• Travel is minimal but may be required for audit related activities or assessments as needed.