Director, Internal Audit

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 20,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Position Summary: 

As we continue to scale and innovate, we are seeking a strategic and experienced Director of Internal Audit to lead our enterprise-wide internal audit function, providing independent, objective assurance and consulting services designed to ensure strong governance, risk management, and internal controls across all facets of our business. This Director plans, executes, and reports on audits that evaluate the effectiveness and efficiency of the company's internal controls, risk management, governance, and compliance processes. This leader will partner with executive management and the Audit Committee to provide assurance and recommendations on how to improve the company's performance and mitigate risks while also ensuring compliance with regulatory and financial reporting requirements (e.g., SOX 404). They also ensure that the internal audit team follows the professional standards and best practices of the Institute of Internal Auditors (IIA).    

Key Responsibilities: 

• Audit Strategy & Execution: 

• Develop and execute a risk-based annual audit plan aligned with the company’s strategic objectives. 

• Lead operational, financial, compliance, and IT audits, including SOX 404 compliance testing. 

• Identify control gaps and recommend effective solutions to mitigate risks. 

• Collaborate with process owners, business units, external auditors, and third-party partners to ensure alignment and effective communication of audit objectives and findings. 

• Leadership & Team Management: 

• Build, lead, and mentor a high-performing internal audit team, including recruiting, training, and performance management. 

• Foster a culture of continuous improvement, accountability, and professional development. 

• Ensure the team stays current with emerging audit trends, regulatory changes, and best practices. 

• Governance & Compliance: 

• Maintain strong working relationships with the Audit Committee, executive leadership, external auditors, and regulatory bodies. 

• Prepare and present quarterly Audit Committee reports, highlighting key findings, action plans and remediation progress. 

• Ensure compliance with SEC, PCAOB, NYSE/NASDAQ, and other applicable regulatory requirements. 

• Promote a culture of ethical behavior and strong governance throughout the organization. 

• Risk Management: 

• Collaborate with the enterprise risk management (ERM) team to assess evolving business and operational risks. 

• Advise on internal controls and process improvements across business units, including store operations, supply chain, mer