Vice President, Internal Audit

Vice President, Internal Audit
Los Angeles
At Magnite, we cultivate an environment of continuous growth and collaboration. Our work impacts what millions of people read, watch, and buy, and we're looking for people to help us tackle that responsibility with creativity and focus. Magnite (NASDAQ: MGNI) is the world's largest independent sell-side advertising platform. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. Our tech fuels billions of transactions per day!
Magnite is growing in size with multiple acquisitions in the last several years, and is growing in complexity and sophistication with multiple technology platforms and revenue streams. We view Internal Audit as an integral component of our success as we maintain, improve, and refine our processes and controls to take advantage of the tremendous business opportunities ahead of us. We are looking for a Vice President of Internal Audit. The VP of Internal Audit will lead the Internal Audit department and will plan, organize, and direct audit resources to successfully develop and execute the Internal Audit plan.
Areas of responsibility will include leading the internal SOX audit program, assessing, recommending, and overseeing internal operational audits, and supporting enterprise risk management and risk assessments activities. A technology/systems background is critical for success in this role. The VP or Director will also be responsible to foster the company's cultural values, including a focus on partnership and collaboration, conscious efforts to ensure that work performed is strategic and impactful to the business, and uplifting team members to support individual and company-wide success. This position reports to the Audit Committee with a dotted line to the CFO and is ideally based in Los Angeles.
In this role you will:

• Develop and maintain the Internal Audit plan, through identification of risk areas from enterprise risk assessment procedures, interviews with senior management, interactions with internal subject matter experts, and professional insights and best practices.
• Oversee, review, and contribute to all aspects of the Company's SOX compliance program, including:
  • Scoping and risk assessment procedures over business transaction cycles and IT systems.
  • Ensuring adequacy of audit programs to test the effectiveness of accounting, business process, and general information technology controls.
  • Reviewing work performed over the design and operating effectiveness.
  • Reporting and communicating to senior management on overall SOX audit progress, deficiencies, and finding remediation status.
  • Coordinating with the independent external audit teams in support of ICFR.
  • Overall project oversight for Finance and IT components of the SOX compliance programs.
• Oversee and review operational audits in accordance with the approved Internal Audit plan, including:
  • Planning, scoping, and risk/control identification for a variety of audit projects, including business process, IT, regulatory, and/or compliance operational reviews.
  • Review audit programs, procedures, and results for adequacy of testing and overall assessments.
  • Preparing audit reports and presenting results to process owners, senior management, and Audit Committee.
• Support management in the development of efficient and effective corrective actions to remediate identified risks and to prevent future findings.
• Management and review of Internal Audit work outputs and deliverables to management or the Audit Committee.
• Support entity acquisitions, system integrations, and process consolidation projects, to identify and assess risk areas, identify gaps, and recommend process improvements.
• Provide on-going direction and leadership to the Internal Audit staff, including audit techniques, control evaluations, and professional development opportunities.
• Build and maintain strong working relationships with members of senior management as well as external auditors to promote coordination and improve understanding of the business.
• Present regularly to senior management and the Audit Committee regarding Internal Audit's projects, status updates, and results.
• Manage 3rd party / co-sourced audit firms which support the Internal Audit plan and activities, to ensure that they are performed to department standards while staying within project timelines and budgets.
• Lead or perform special projects as requested by the Audit Committee or senior management or proposed by internal audit. Identify and investigate potential fraud across the enterprise.
• Maintain awareness within the organization and monitor the progress and risks of key information technology projects.
• Research and stay current on new and emerging information applicable to internal controls and audit best practices, for both technology and business process domains.

We're looking for someone with:

• BA/BS degree in Computer Information Systems, Accounting/Finance, or related field.
• 10+ years overall experience in internal audit and SOX compliance roles.
• Prior experience in the technology or ad-tech industry strongly preferred.
• Prior Big 4 audit firm background strongly preferred.
• Professional certification such as CPA, CISA and/or CIA, along with direct IT systems experience, strongly preferred.
• Excellent written and verbal communication skills.
• Ability to effectively interact with all levels of senior management, executive leadership, and the Audit Committee.
• Strong understanding of technology, platform architecture, and IT audit methodology.
• Working knowledge of US GAAP, COSO, and PCAOB auditing standards, as well practices from COBIT, IIA standards, and other best practices.
• Proven ability to lead internal audit teams, in a fast paced, technically complex, and dynamic environment.

Total Rewards Include

• Comprehensive Perks and Benefits:

Superb Healthcare Coverage for You and Your Family from Day One
Generous Time Off
Holiday Breaks, Summer Fridays, and Quarterly Mental Health Days
Equity and Employee Stock Purchase Plan
Family-Focused Benefits and Parental Leave
401k Retirement Savings Plan with Employer Match
Cell Phone Subsidy
Fitness and Wellness Reimbursement

• Company Culture:

We believe collaboration is essential to success. Magnite's hybrid schedule includes two days worked remotely (Monday and Friday) and three days on-site (Tuesday, Wednesday and Thursday). Our offices provide catered lunches, beverages, snacks, training and development, and office events to support your work week. We also understand you have appointments, families, hobbies, and other commitments. Magnite strives to maintain a healthy work/life integration for all employees so you can bring your best every day - both at work and at home.

• Magnite Invests in You:

Career Development Initiatives and a Career Growth Framework
Culture and Inclusion Programs
Bonusly Peer-to-Peer Recognition Program
Community Service and Volunteer Events
Company-Matched Charitable Contributions
Wellness Coach and Mental Health Support

• Want to learn more about us?

Check out our blog for Magnite announcements and Ad Tech industry news!
About Us
The world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.
Magnite is an Equal Opportunity Employer and does not discriminate against applicants due to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation or any other federal, state or local protected class.
Our DEI Commitment: We aim to establish Magnite as a thought-leader and visionary in corporate Diversity, Equity and Inclusion efforts by diversifying voices within Magnite, cultivating a culture in which employees feel safe as their authentic selves, and sponsoring investment strategies to support Magnite's local communities.