Conduct internal audit activities within the organization, including providing independent, objective assurance and consulting activity designed to add value and improve the organization's operations. Internal audit is intended to assist the organization in accomplishing its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Internal Audit is accountable for developing and implementing a risk-based internal audit plan, assisting management in complying with applicable internal control policies and regulations, and working with management to bring cost effective and efficient leading practices. Internal Audit has the authority to perform internal audit and consultative services, have access to necessary data when requested, obtain assistance of Authority personnel as needed. Activities may include audits of financial, operational, IT, compliance/regulatory, or strategic business functions and related risks and controls. May also include execution of special investigations/audits involving cases of fraud, waste, and abuse and/or ethical/regulatory complaints. Operate as ambassador and champion of the Internal Audit vision and strategy by demonstrating support and actively communicating with the audit team and the business.
Responsibilities Evaluate key risks and internal controls, develop and/or review audit programs/risk & control matrices, benchmark financial and operational processes and controls, and participate in annual risk assessment activities. Perform testing procedures such as detailed tests of controls including sampling/confidence levels and analytical procedures, to address risks identified. Lead the drafting of internal audit reports and identify/document audit observations, root causes, risk/exposure, and recommendations for improvement. Create high quality deliverables, document audit work performed and results by preparing work papers, narratives, and flow charts for audit areas in scope. Collaborate directly with clients and the internal audit team. Participate in client discussions and meetings, and identify client concerns. Coach, mentor and review work papers for auditors and interns. Remain current on business and utility industry trends and NYPA-related strategic initiatives and share with the team. Knowledge, Skills and Abilities Understanding of COSO, GAAP, FERC, FASB and IIA standards, and/or basic understanding of IT general controls. Ability to plan, organize, manage time and deadlines, and execute assignments. Ability to acquire, analyze and interpret large volumes of data to identify potential audit observations and develop practical recommendations. Strong verbal and written communication and negotiation skills. Proficient in Microsoft Word, Excel, PowerPoint, and Visio.Education, Experience and Certifications Bachelor’s degree required. Minimum 4 years audit experience.
Physical Requirements
Approximately 20% - 25% travel primarily within New York State.
The New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The target salary range for this position is: $105,000 - $130,000. The salary offered will be determined based on the successful candidates’ relevant experience, knowledge, skills, and abilities.
The New York Power Authority and Canal Corporation believes that diversity, equity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents and veterans to apply. As an equal opportunity employer, NYPA/Canals is committed to building inclusive, innovative work environments with employees who reflect communities across New York and enthusiastically serve them. We proudly celebrate diversity and do not discriminate based on race/color, creed/religion, national origin, citizenship or immigration status, age, disability, military status, gender/sex, sexual orientation, gender identity/expression, pregnancy and related conditions, familial/marital status, domestic violence victim status, predisposing genetic characteristics, arrest/criminal conviction record or any other category protected by law.
NYPA/Canals will also provide reasonable accommodations during the hiring process related to candidates’ disabilities, pregnancy-related conditions, religious observances/practices and/or domestic violence concerns. To request an accommodation, please email accessibility@nypa.gov.