Manager, Internal Audit

Pennymac Westlake Village , CA 91361

Posted 3 months ago


PennyMac is a specialty financial services firm with a comprehensive mortgage platform and integrated business primarily focused on the production and servicing of U.S. residential mortgage loans and the management of investments related to the U.S. mortgage market.

Internal Audit is an independent and objective examination, evaluation and reporting function that is guided by a philosophy of adding value to improve the operations of PennyMac. Internal Audit's objective is to bring a systematic and disciplined approach to evaluate and improve the effectiveness of the organization's governance, risk management, and internal control environment.

Internal Audit reports to the Audit Committees of the Entity Boards and is managed on a day-to-day basis by the Head of Internal Audit who reports administratively to the EVP, Governance & Risk.

The Manager of Internal Audit contributes to the definition, administration and maintenance of policies, programs and processes to evaluate and improve the effectiveness of internal controls to mitigate risk and promote compliance with financial reporting, GSE and regulatory requirements.

Job Description

Strategic Planning

  • Contribute to the development of business unit goals and action plans to anticipate and support the needs of a growth-oriented company

  • Provide consultation on audit topics


  • Define, communicate and manage audit schedule

  • Establish direction and focus of major audits

  • Work with business managers to administer audits in accordance with annual plan and audit schedule

  • Define and evolve structure of reporting to meet internal and external requirements

  • Work with business managers to administer ad hoc audits in accordance with company priorities

  • Work with line managers to monitor recommendations and remediation

  • Serve as liaison with external auditors


  • Maintain an informed perspective on organizational risks for influence of audit schedule, focus and remediation activities

  • May report to the CFO, CEO or Board Audit Committee(s).

  • Contribute to the development of Policies and Procedures

  • Maintain and publish status and exception management reporting


  • May manage more than one audit team

  • Provide training and guidance to team members

  • Complete special assignments necessary to support business strategy

  • Demonstrate behaviors which are aligned with the organization's desired culture and values (ethics, trust, empathy, excellence, partnership, innovation)

  • Fulfill on role-based compliance, personal skill and professional development requirements

  • Adhere to company code of conduct and policies & procedures

Ideal Candidate will have the following:

  • CPA, CIA, or CISA preferred

  • 7 years of accounting/industry experience; Big 4 preferred

  • In depth knowledge of the firm's products and the investment management industry

  • Broad understanding of technology's strategic role and impact

  • Demonstrates expertise in a variety of the field's concepts, practices & procedures

  • Relies on extensive experience and judgment to plan and accomplish goals

  • General computer skills; including use of Microsoft Office Suite

  • Project or Program Management professional

  • Analytical Synthesizes complex or diverse information; conceptualizes solutions

  • Communication Excellent communication skills with the ability to interact with all levels of leadership and think in a strategic manner. Speaks and writes clearly and persuasively in positive or negative situations, demonstrates group presentation skills and conducts meetings. Capable of representing and presenting all aspects of the business to investors and the senior leadership of the company

  • Judgment Displays willingness to make decisions

  • Leadership Establishes credibility and displays self confidence that earns organizational trust. Ability to lead multiple teams simultaneously and change proprieties as needed to meet business demands

  • Task Management Demonstrates ability to advance multiple priority assignments concurrently and within established deadlines

  • Teamwork Competent at working in partnership with team members to deliver expected results

  • Planning/Organizing Prioritizes and plans work activities, uses time efficiently and develops realistic action plans

  • Problem-solving Identifies and resolves problems in a timely manner and gathers and analyzes information skillfully

  • Quality Management Looks for ways to improve and promote quality and demonstrates accuracy and thoroughness

  • Staff Management Assesses staff skill levels, assigning work appropriately, and facilitating team development/optimization

Years of Experience:


Bachelor's Degree

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Manager, Internal Audit