Manager of Global Audit & Assurance Services

Morningstar is a global provider of independent investment insights. The Global Audit and Assurance (GAA) function strengthens Morningstar’s ability to create, protect, and sustain value. This role is for a highly motivated Manager of Global Audit & Assurance Services, leading a team to manage risk assessment, audit engagements, advisory reviews, and special projects. The position aims to enhance risk management, control, and governance, reporting to the Audit Director and based in Chicago.

Must Have

• Assist in developing, scheduling, and executing the risk-based annual internal audit plan.
• Contribute to the continuous improvement of the overall IA methodology.
• Prepare and/or review audit planning documents, audit programs, and supporting work papers.
• Lead the preparation of audit reports ensuring significant risk and internal control weaknesses are identified.
• Monitor the status of management corrective action plans and follow up.
• Assist in managing the department’s Quality Assurance and Improvement Program.
• Provide guidance to management on internal control, governance, risk, and compliance activities.
• Promote high levels of ethical awareness and conduct.
• Champion the use of advanced analytics, continuous auditing, and emerging technologies.
• Manage a professional audit team with sufficient knowledge, skills, expertise, and professional certification.
• Ensure the professional development of the team through coaching and training.
• Assist in preparing reports to the audit committee.
• Coordinate with the Company’s external audit firm and cultivate external relationships.
• Partner with the SOX program to ensure key controls are tested.
• Build strong relationships with executive leadership to ensure audit insights drive strategic decisions.
• Bachelor’s degree or equivalent in Accounting or Finance.
• CIA and/or CPA required.
• Minimum of 8 years of progressive industry or public accounting experience.
• Exceptional knowledge of internal audit standards, procedures, and techniques.
• Experience managing operational, financial, compliance, and IT audits and advisory engagements.
• Strong understanding of COSO and GAAP.
• Strong experience in driving data analytics and automation initiatives.

Good to Have

• A master’s degree is a plus.
• CISA and CFE considered a plus.
• Experience with electronic work paper tools (TeamMate+, Workiva etc.) desired.

Perks & Benefits

• 75% 401k match up to 7%
• Stock Ownership Potential
• Company provided life insurance - 1x salary + commission
• Comprehensive health benefits (medical/dental/vision)
• Potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually)
• Additional medical Wellness Incentives - up to $300-$600 annual
• Company-provided long- and short-term disability insurance
• Trust-Based Time Off
• 6-week Paid Sabbatical Program
• 6-Week Paid Family Caregiving Leave
• Competitive 8-24 Week Paid Parental Bonding Leave
• Adoption Assistance
• Leadership Coaching & Formal Mentorship Opportunities
• Annual Education Stipend
• Tuition Reimbursement
• Charitable Matching Gifts program
• Dollars for Doers volunteer program
• Paid volunteering days
• 15+ Employee Resource & Affinity Groups

The Group:

Morningstar is a leading global provider of independent investment insights. Our core competencies are data, research, and design, and we employ each of these to create products that clearly convey complex investment information. Our mission is to empower investor success and everything we do at Morningstar is in the service of the investor.

Reporting to the Audit Committee of the Board of Directors, the purpose of the Global Audit and Assurance (GAA) function is to strengthen Morningstar’s ability to create, protect, and sustain value by providing the Company with organizationally independent, risk-based, and objective assurance and consulting services to evaluate and improve Morningstar’s governance, risk management and control processes.

The Role:

Morningstar is looking for a highly motivated Manager of Global Audit & Assurance Services to play a critical role in the function. This dynamic position offers an exciting opportunity to lead a focused team of experienced auditors and manage a variety of projects, including risk assessment, audit engagements, advisory reviews, and special projects aimed at enhancing risk management, control, and governance. The role reports to the Audit Director and will be a key member of the Global Audit & Assurance leadership team. This is a full-time position and is based in the office.

Key Responsibilities:

• Assist in developing, scheduling, and executing the risk-based annual internal audit (IA) plan that addresses the relevant and evolving business risks facing the company.
• Contribute to the continuous improvement of the overall IA methodology to ensure adherence to best practices.
• Prepare and/or review the audit planning documents, audit programs, and supporting work papers.
• Lead the preparation of audit reports ensuring that all significant risk and internal control weaknesses are identified and that effective recommendations to address deficiencies are provided.
• Monitor the status of management corrective action plans and follow up as appropriate.
• Assist in managing the department’s Quality Assurance and Improvement Program and external quality review.
• Provide guidance to management on internal control, governance, risk, and compliance activities.
• Promote high levels of ethical awareness and conduct and assist in the performance of investigations when appropriate.
• Champion the use of advanced analytics, continuous auditing, and emerging technologies to enhance audit effectiveness and efficiency.
• Manage a professional audit team with sufficient knowledge, skills, expertise, and professional certification to meet the audit requirements.
• Ensure the professional development of the team through coaching and internal and external training.
• Assist in preparing reports to the audit committee.
• Coordinate with the Company’s external audit firm and cultivate external relationships.
• Partner with the SOX program to ensure key controls are tested in alignment with the audit plan.
• Build strong relationships with executive leadership to ensure audit insights drive strategic decisions.
• Perform other related duties as assigned.

Requirements:

• A bachelor’s degree or equivalent in Accounting or Finance is required. A master’s degree is a plus.
• CIA and/or CPA required; CISA and CFE considered a plus.
• Minimum of 8 years of progressive industry or public accounting experience (preferably with the Big 4 or national CPA firm and/or similar experience in corporate Internal Audit).
• Exceptional knowledge of internal audit standards, procedures, and techniques.
• Experience managing operational, financial, compliance, and IT audits and advisory engagements related to Risk Management, Governance, and controls.
• Strong understanding of COSO and GAAP.
• Strong experience in driving data analytics and automation initiatives to realize efficiencies (preferably using tools such as Alteryx, CoPilot, Tableau, Power BI, UI Path, Automation Anywhere).
• Experience with electronic work paper tools (TeamMate+, Workiva etc.) desired.
• Ability to effectively manage several projects in multiple locations and manage time and the team effectively.
• Effective oral and written communication skills and the ability to write clear and concise audit reports.
• Proven ability to build and foster high-performance teams; build relationships with team members, business leaders, and global business functions.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health
• 75% 401k match up to 7%
• Stock Ownership Potential
• Company provided life insurance - 1x salary + commission

• Physical Health
• Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
• Additional medical Wellness Incentives - up to $300-$600 annual
• Company-provided long- and short-term disability insurance

• Emotional Health
• Trust-Based Time Off
• 6-week Paid Sabbatical Program
• 6-Week Paid Family Caregiving Leave
• Competitive 8-24 Week Paid Parental Bonding Leave
• Adoption Assistance
• Leadership Coaching & Formal Mentorship Opportunities
• Annual Education Stipend
• Tuition Reimbursement

• Social Health
• Charitable Matching Gifts program
• Dollars for Doers volunteer program
• Paid volunteering days
• 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$121,400.00 - 218,525.00 USD Annual

Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

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