Top Internal Audit Executive -- Corporate
Honeywell
ABOUT THE OPPORTUNITY
Honeywell is spinning off its newly named Solstice Advanced Materials business into an independent, publicly traded company by the end of 2025 or early 2026. This new entity will focus on sustainability-oriented specialty chemicals and materials, with an estimated revenue of around $3.8 billion and an EBITDA margin exceeding 25% in FY24. The spin-off company will benefit from a greater strategic focus on innovation, enabling the development of new, more sustainable solutions and products with next-generation chemistry to create further value for shareowners. Review the full press release here.
An experienced and strategic Corporate Audit Executive is needed to join the new spin-off entity.
ABOUT THE JOB
As Vice President of Corporate Audit, you will advise senior executives, including the SVP & CFO, offering strategic financial guidance. Your skills in auditing, compliance, risk management, and regulatory matters will support Honeywell's growth. This role calls for a leader with substantial expertise in these areas for a publicly traded company in a complex environment.
KEY RESPONSIBILITIES
Strategic Leadership:
• Develop and execute a comprehensive, risk-based internal audit strategy aligned with Honeywell's objectives and risk profile.
• Operate a three lines of defense risk management model. The audit team functions as the third line of defense, responsible for monitoring and overseeing the activities of the first and second lines within the Company.
• Serve as a trusted advisor to the Audit Committee, Board of Directors, and executive management on risk, control, and governance matters.
Audit and Assurance:
• Oversee the planning, execution, and reporting of internal audits to ensure operational efficiency, effectiveness of controls, and regulatory compliance.
• Identify and assess emerging risks and recommend solutions to mitigate potential impacts.
• Monitor the implementation of audit recommendations and collaborate with management to drive improvements.
Risk Management and Compliance:
• Coordinate an enterprise risk management process with legal, compliance, and other functions to ensure a unified risk assessment and mitigation approach.
• Ensure compliance with Sarbanes-Oxley (SOX), Securities and Exchange Commission (SEC) regulations, and other relevant standards.
• Monitor global regulatory developments and guide the organization in maintaining compliance.
Team Leadership:
• Build, lead, and inspire a high-performing, diverse internal audit team.
• Foster a culture of integrity, accountability, innovation, and continuous improvement. Supply talent pool to feed into key management roles within Company.
• Provide training and development opportunities to enhance team capabilities.
Stakeholder Engagement:
• Act as a liaison between internal audit, external auditors, the Audit Committee, and executive management.
• Deliver clear, concise, and impactful audit reports and presentations to senior stakeholders.
• Promote an organization-wide understanding of the value and importance of strong internal controls.
Technology and Innovation:
• Leverage technology, data analytics, and automation to enhance audit efficiency and insights.
• Stay informed about trends in cybersecurity, data privacy, and technology risk to address evolving challenges effectively.
BENEFITS OF WORKING FOR HONEYWELL:
• Benefits - Medical, Vision, Dental, Mental Health
• Paid Vacation
• 401k Plan & Matching
• Career Growth
• Professional Development
YOU MUST HAVE
• Bachelor's degree in accounting, finance, business administration, or a related field; advanced degree preferred. Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or equivalent professional certification required. Minimum of 15 years of experience in external audit, internal audit, risk management, or related fields, with at least 5 years in a senior leadership role.
Experience in a Fortune 500 company with a global operating model.
• Extensive expertise in SOX compliance, SEC reporting standards, and corporate governance best practices.
• Proven ability to lead cross-functional teams and manage complex projects in a fast-paced environment.
• Skilled in leading large teams and staff motivation
• Strong analytical, communication, and stakeholder management skills.
• Strategic thinker with a proactive, solutions-oriented approach.
• Strong oral and written communication skills
• Works independently and collaboratively
• Manages multiple priorities and drives process improvement
• Unwavering commitment to ethics, integrity, and independence.
• Ability to influence and build consensus across diverse teams and leadership levels.
• Strong understanding of global business operations and regulatory environments.
HONEYWELL BEHAVIORS
Our commitment to Integrity and Ethics, Supporting Diversity and Workplace Respect underlie everything we do. Building on these core values, these behaviors reinforce our performance culture.
- Innovate & Create Value for Customers: See the world through the customer's eyes, internally and externally. Know what customers need and what creates value. Have a growth mindset and relentless position for solving tough problems. Deliver profitable growth and an exceptional customer experience through innovative solutions. Innovate with agility and purpose.
- Embrace Transformation: Learn from and contribute to our collective knowledge. Embrace digitalization to transform the way we work. Radically simplify the complex. Use standard processes and systems to drive operational excellence. Drive decisions based on facts and data. Be Curious and explore new ways of doing things to help share the best ideas.
- Win Together: Think ONE Honeywell by collaborating across businesses, geographies, and functions as we are stronger together. Be a champion for our people, products, services, and solutions and beat the competition. Be authentic, confident, and humble. Listen to others and be self-aware. Believe we can change the world together and create a better future for our communities. #FutureShapers
- Be Courageous: Take bold action on what you believe is right. Take on seemingly impossible goals and work out of your comfort zone. Iterate, test, try, take measured risks. Own results even when outcome is not as planned. Share and confront problems openly and directly. Be Transparent and comfortable with being unpopular when required.
- Drive Accountability Culture: Have fearless accountability for getting results. Take ownership and solve problems proactively. Care deeply about Honeywell and customer outcomes as individuals and as teams. Do what you say you will. Prioritize and execute with discipline to drive a performance culture. Demonstrate a bias for action and speed.
- Build Exceptional Talent: Recruit, retain, and develop high quality talent. Create a positive, inclusive environment where people are empowered to do their best work. Seek, give, and accept feedback with the intent of making everyone better. Build robust succession plans. Set high standards for yourself and others. Lead by example.
Additional Information
Honeywell is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status.
Honeywell is spinning off its newly named Solstice Advanced Materials business into an independent, publicly traded company by the end of 2025 or early 2026. This new entity will focus on sustainability-oriented specialty chemicals and materials, with an estimated revenue of around $3.8 billion and an EBITDA margin exceeding 25% in FY24. The spin-off company will benefit from a greater strategic focus on innovation, enabling the development of new, more sustainable solutions and products with next-generation chemistry to create further value for shareowners. Review the full press release here.
An experienced and strategic Corporate Audit Executive is needed to join the new spin-off entity.
ABOUT THE JOB
As Vice President of Corporate Audit, you will advise senior executives, including the SVP & CFO, offering strategic financial guidance. Your skills in auditing, compliance, risk management, and regulatory matters will support Honeywell's growth. This role calls for a leader with substantial expertise in these areas for a publicly traded company in a complex environment.
KEY RESPONSIBILITIES
Strategic Leadership:
• Develop and execute a comprehensive, risk-based internal audit strategy aligned with Honeywell's objectives and risk profile.
• Operate a three lines of defense risk management model. The audit team functions as the third line of defense, responsible for monitoring and overseeing the activities of the first and second lines within the Company.
• Serve as a trusted advisor to the Audit Committee, Board of Directors, and executive management on risk, control, and governance matters.
Audit and Assurance:
• Oversee the planning, execution, and reporting of internal audits to ensure operational efficiency, effectiveness of controls, and regulatory compliance.
• Identify and assess emerging risks and recommend solutions to mitigate potential impacts.
• Monitor the implementation of audit recommendations and collaborate with management to drive improvements.
Risk Management and Compliance:
• Coordinate an enterprise risk management process with legal, compliance, and other functions to ensure a unified risk assessment and mitigation approach.
• Ensure compliance with Sarbanes-Oxley (SOX), Securities and Exchange Commission (SEC) regulations, and other relevant standards.
• Monitor global regulatory developments and guide the organization in maintaining compliance.
Team Leadership:
• Build, lead, and inspire a high-performing, diverse internal audit team.
• Foster a culture of integrity, accountability, innovation, and continuous improvement. Supply talent pool to feed into key management roles within Company.
• Provide training and development opportunities to enhance team capabilities.
Stakeholder Engagement:
• Act as a liaison between internal audit, external auditors, the Audit Committee, and executive management.
• Deliver clear, concise, and impactful audit reports and presentations to senior stakeholders.
• Promote an organization-wide understanding of the value and importance of strong internal controls.
Technology and Innovation:
• Leverage technology, data analytics, and automation to enhance audit efficiency and insights.
• Stay informed about trends in cybersecurity, data privacy, and technology risk to address evolving challenges effectively.
BENEFITS OF WORKING FOR HONEYWELL:
• Benefits - Medical, Vision, Dental, Mental Health
• Paid Vacation
• 401k Plan & Matching
• Career Growth
• Professional Development
YOU MUST HAVE
• Bachelor's degree in accounting, finance, business administration, or a related field; advanced degree preferred. Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or equivalent professional certification required. Minimum of 15 years of experience in external audit, internal audit, risk management, or related fields, with at least 5 years in a senior leadership role.
Experience in a Fortune 500 company with a global operating model.
• Extensive expertise in SOX compliance, SEC reporting standards, and corporate governance best practices.
• Proven ability to lead cross-functional teams and manage complex projects in a fast-paced environment.
• Skilled in leading large teams and staff motivation
• Strong analytical, communication, and stakeholder management skills.
• Strategic thinker with a proactive, solutions-oriented approach.
• Strong oral and written communication skills
• Works independently and collaboratively
• Manages multiple priorities and drives process improvement
• Unwavering commitment to ethics, integrity, and independence.
• Ability to influence and build consensus across diverse teams and leadership levels.
• Strong understanding of global business operations and regulatory environments.
HONEYWELL BEHAVIORS
Our commitment to Integrity and Ethics, Supporting Diversity and Workplace Respect underlie everything we do. Building on these core values, these behaviors reinforce our performance culture.
- Innovate & Create Value for Customers: See the world through the customer's eyes, internally and externally. Know what customers need and what creates value. Have a growth mindset and relentless position for solving tough problems. Deliver profitable growth and an exceptional customer experience through innovative solutions. Innovate with agility and purpose.
- Embrace Transformation: Learn from and contribute to our collective knowledge. Embrace digitalization to transform the way we work. Radically simplify the complex. Use standard processes and systems to drive operational excellence. Drive decisions based on facts and data. Be Curious and explore new ways of doing things to help share the best ideas.
- Win Together: Think ONE Honeywell by collaborating across businesses, geographies, and functions as we are stronger together. Be a champion for our people, products, services, and solutions and beat the competition. Be authentic, confident, and humble. Listen to others and be self-aware. Believe we can change the world together and create a better future for our communities. #FutureShapers
- Be Courageous: Take bold action on what you believe is right. Take on seemingly impossible goals and work out of your comfort zone. Iterate, test, try, take measured risks. Own results even when outcome is not as planned. Share and confront problems openly and directly. Be Transparent and comfortable with being unpopular when required.
- Drive Accountability Culture: Have fearless accountability for getting results. Take ownership and solve problems proactively. Care deeply about Honeywell and customer outcomes as individuals and as teams. Do what you say you will. Prioritize and execute with discipline to drive a performance culture. Demonstrate a bias for action and speed.
- Build Exceptional Talent: Recruit, retain, and develop high quality talent. Create a positive, inclusive environment where people are empowered to do their best work. Seek, give, and accept feedback with the intent of making everyone better. Build robust succession plans. Set high standards for yourself and others. Lead by example.
Additional Information
- JOB ID: req490154
- Category: Finance
- Location: Morris Plains,New Jersey,United States
- Exempt
Honeywell is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status.
JOB SUMMARY
Top Internal Audit Executive -- Corporate
Honeywell
Morris Plains
3 days ago
N/A
Full-time
Top Internal Audit Executive -- Corporate