Internal Audit Director

Internal Audit at Brex

The Internal Audit team at Brex is an independent, objective, internal testing, and advisory function designed to add value and strengthen Brex’s internal controls and risk management.  It helps Brex achieve these objectives through a systematic, disciplined approach to continuously evaluate and make recommended improvements to the effectiveness of risk management, controls, and corporate governance processes.  Internal Audit is integral to ensuring Brex operates with the highest standards of integrity, transparency, and accountability as we continue to reimagine financial systems. The mission of Internal Audit at Brex is to provide independent and objective assessments of Brex’s risk management and internal controls, ensuring compliance with regulators and financial services partners.  

What you’ll do

The Internal Audit Director will be responsible for establishing and leading Brex’s internal audit function, providing independent and objective assurance on the effectiveness of the organization's risk management, control, and governance processes. This role is critical to ensuring compliance with regulatory and financial services partner requirements, safeguarding company assets, and promoting operational efficiency. 

You will have the unique opportunity to build this function from the ground up, designing and implementing the necessary frameworks, processes, and audit methodologies. You will report directly to the Board Audit Committee while working closely with senior management to deliver actionable insights and recommendations.

Where you’ll work

This role will be based in our New York City office. You must be willing to work in office at least 2 days per week on Wednesday and Thursday, starting the week of January 6th, 2025. Employees will be able to work remotely for up to 4 weeks per year, for a minimum of one week at a time.

Responsibilities

• Develop and execute a comprehensive internal audit strategy aligned with the company’s overall business objectives and risk management framework
• Act as a key advisor to the Board Audit Committee, CEO, and senior management on all matters related to internal controls, risk management, and corporate governance
• Design and implement an annual risk-based audit plan covering financial, operational, and compliance areas
• Oversee the execution of internal audits, ensuring they are conducted in accordance with professional standards and within budgeted timeframes
• Evaluate and test the effectiveness of internal controls, identify areas of improvement, and recommend enhancements to management
• Review and approve audit reports, ensuring they are clear, concise, and provide practical recommendations for improvement
• Collaborate with the Finance, Compliance, and Legal departments to ensure that the company’s risk management processes are robust and effective
• Monitor emerging risks and regulatory changes that may impact the organization, and adjust the audit plan accordingly
• Ensure compliance with relevant regulations, laws, and standards (e.g., GDPR, BSA/AML, etc.) through targeted audit activities
• Communicate audit findings and recommendations to the Board Audit Committee, senior management, and other stakeholders in a timely and transparent manner
• Provide regular updates to the Board Audit Committee on the status of the internal audit plan, key risks, and the implementation of audit recommendations
• Build strong relationships with external auditors, regulators, and financial services partners to facilitate the audit process and ensure the alignment of internal and external audit activities
• Stay abreast of industry trends, best practices, and emerging technologies that may impact the internal audit function
• Lead initiatives to enhance the effectiveness and efficiency of the internal audit process, including the use of data analytics, automation, and other innovative audit tools
• Promote a culture of risk awareness and effective controls across the organization through training and communication initiatives

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field
• 10+ years of experience in internal audit, external audit, risk management, or a related field within the financial services industry
• Demonstrated ability to build a new department or function within an organization
• Proven experience in a leadership role, with a track record of successfully managing audit teams and delivering audit programs
• In-depth knowledge of financial services regulations, risk management practices, and internal control frameworks
• Strong leadership, communication, and interpersonal skills, with the ability to influence and collaborate with senior management and board members
• High level of integrity, ethics, and professionalism
• Exceptional analytical, problem-solving, and decision-making abilities
• Proficiency in designing and building audit software and data analytics tools
• Must be willing to work in office 2 days per week on Wednesday and Thursday

Compensation 

The expected salary range for this role is $223,740 - $279,675.  However, the starting base pay will depend on a number of factors including the candidate’s location, skills, experience, market demands, and internal pay parity. Depending on the position offered, equity and other forms of compensation may be provided as part of a total compensation package.