Assurance Managing Director, Third Party Attestation

Job Summary:

The Assurance Managing Director, Third Party Attestation is reserved for professionals who have achieved recognition in a specific technical area of third-party attestation reporting. This includes expertise in System and Organization Controls (SOC) 1, SOC 2, SOC 3, SOC for Cybersecurity, WebTrust for CAs, HITRUST, SSPA, ISO, MRC, and CSA STAR.  The TPA Managing Director is qualified to perform certain limited yet critical additional technical functions as an Engagement Director or a Concurring Reviewer. The TPA Managing Director actively participate in the marketing, networking and business development within an area of expertise and specialization while maintaining client relationships and acting as the primary contact for complex questions.  

Job Duties:

Business Acumen

• Applies knowledge of business functions, processes and strategies to provide services, solutions and advice that considers and improves the organization as a whole as evidenced by:
  • Understands core business operations/structure of various businesses
  • Demonstrates advanced knowledge of business issues, trends and industry economics
  • Identifies and discusses key financial and non-financial performance measures
  • Demonstrates ease with client communications

Technical Roles a Director may perform

• When functioning as Engagement Director:
  • May also be, but not required to be, a Client Service Engagement Director. In this capacity, may sign certain third party attestation reports related to these engagements, as well as engagement letters and other correspondence
  • Written pre-approval by the National Practice Leader and the Practice Region RTD and RBLL and the Practice Office OBLL for the specific assignment before a Director may perform duties of Engagement Director
  • The final review of only the third party attestation report must be performed by an Assurance Partner when functioning as Concurring Reviewer
  • Written pre-approval must be obtained from the Practice Region RTD and RBLL and the Practice Office OBLL for the specific assignment before a Director may perform duties of a Concurring Reviewer
  • The Director must be a CPA and demonstrate the requisite industry experience necessary to serve as either the Engagement Director or Concurring Reviewer for the specified engagement
  • When serving as a Concurring Reviewer, the Director is prohibited from performing work on the engagement in other capacities

Control Environment:

• Applies advanced knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by:
  • Identifying and considering all applicable policies, laws, rules, and regulations of the firm, regulators, or other authoritative bodies as part of engagement team
  • Identifying and making constructive suggestions to improve client internal controls and accounting procedures;
  • Ensuring proper documentation of the clients’ internal control system
  • Ensuring proper documentation of the clients’ business and IT processes and controls and tests key controls in a variety of industries
  • Supervising the work of the audit team and review workpapers and conclusions preferably onsite during audit field work
  • Identifying and delegating functions of the audit to the auditor in charge as deemed appropriate
  • Providing on-the-job-training to the engagement team during field work
  • Identifying and prioritizing key risks, and assesses their impact and likeliness of occurrence
  • Communicating to the client areas to improve processes, strengthen controls, mitigate risks, and/or increase efficiency
  • Developing and maintaining relationships with client personnel and management
  • Ensuring technology is appropriately integrated into the examination process

GAAS:

• Applies advanced knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement by:
  • Developing and applying an advanced knowledge of auditing theory, a sense