Realty Income, The Monthly Dividend Company®, one of four San Diego based S&P 500 companies dedicated to providing shareholders with dependable monthly income. Our company is structured as a REIT, and its monthly dividends are supported by the cash flow, over 6,500 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, our company has declared over 600 consecutive common stock monthly dividends throughout its 52-year operating history and has continually increased the dividend since Realty Income's public listing in 1994 (NYSE: O). Our company attracts individuals who value integrity, perseverance, and teamwork. If you appreciate working on a truly collaborative team in a professional environment in a company that encourages a work-life balance, make sure to apply today!
As Realty Income’s Head of Internal Audit, you will be responsible for providing risk-based and objective assurance, advice, and insight designed to enhance and protect organizational value. Your leadership expertise will be chief, as you will spearhead the Company’s Internal Audit function including the Internal Audit Plan, Sarbanes-Oxley, and Enterprise Risk Management. Your day-to-day may include improving processes, monitoring progress, and designing audits to evaluate the Company’s strengths and the processes employed by management to effectively identify and manage risk. Your role is integral to the oversight and evaluation of internal control over financial reporting.
Your Contribution to the Team Includes
Plan, develop, organize, implement, direct and evaluate the organization's internal audit function to deliver value-added services to the organization.
Serve as a strategic partner to executive management with regard to organizational change, particularly from the perspective of governance, risk, and compliance.
Participate on the Risk Committee with oversight of information security, records information management, enterprise application software, business continuity/disaster recovery, insurance, litigation/claims, and compliance.
Participate in companywide initiatives such as Diversity, Equality, and Inclusion (DE&I) and Environmental, Social, and Governance (ESG).
Team Development and Leadership
Provide leadership, mentorship, and coaching to successfully grow and develop the team.
Establish credibility and organizational trust to cultivate and inspire a culture of collaboration and continuous improvement with a commitment to maintaining high standards of integrity and professionalism.
Lead change management strategies and plans as needed within the department and broader organization.
Internal Audit Function
Develop and maintain the Internal Audit Charter.
Supervise the work of the Senior Auditors as well as engage and manage co-sourcing and external audit relationships for Sarbanes-Oxley and Internal Audit projects.
Present findings and recommendations to the Audit Committee and actively monitor audit related remediation and management action plans.
Keep Audit Committee informed of all significant, relevant concerns impacting the Committee’s responsibilities or the responsibilities of the Internal Audit department.
Develop and implement Sarbanes-Oxley compliance best practices.
Interpret changes in the regulatory environment (e.g., SEC, PCAOB) or industry frameworks (e.g., COSO) and provide recommendations to meet those requirements and improve business processes.
Develop the Sarbanes-Oxley risk assessment including COSO 2013 evaluation.
Supervise and review the Senior Auditor’s maintenance of the Sarbanes-Oxley risk control matrices which map internal controls to related control objectives and financial statement and disclosure assertions.
Supervise and review the Senior Auditor’s testing to evaluate the design and operating effectiveness of internal controls.
Report to senior management, external auditors, and the Audit Committee regarding approach, timing, and performance as well as identified deficiencies.
Enterprise Risk Management
Develop and implement enterprise risk management best practices.
Facilitate the identification and evaluation of risks.
Coordinate enterprise risk management activities.
Maintain the enterprise risk management framework.
Report annually, or as requested, to the Board of Directors on enterprise risk management.
Internal Audit Plan
Leverage the enterprise risk assessment and framework to drive the development of the Internal Audit Plan.
Design audits to evaluate the Company’s strengths and the processes employed by management to effectively identify and manage risk.
Ensure identified audit findings have been vetted with appropriate management.
Provide value added recommendations to improve processes.
Ensure audit results are presented in a clear and concise manner.
Monitor progress to ensure corrective actions are implemented timely.
Evaluate specific operations at the request of the Audit Committee or management, as requested.
Communicate results of audit and consulting projects via written reports and/or oral presentations to management and the Audit Committee.
Support the development and deployment of data analytics and data visualization to deliver business intelligence.
What You’ll Need to be Successful
Bachelor’s degree in Accounting, Finance, Business Administration or related field.
7 or more years professional audit experience with 5 years previous supervisory experience.
Previous experience working with Audit Committees and Boards of Directors
Experience with a Big 4 accounting firm strongly preferred.
Real estate industry or Real Estate Investment Trust (REIT) experience preferred.
International business experience preferred.
CPA, CIA, or CISA certification preferred.
Strategic, creative, and critical thinker with the ability to synthesize complex information and conceptualize solutions.
Ability to establish effective business relationships within the organization. Skills in dealing with people, understanding human relations, and maintaining satisfactory relationships with engagement clients. A history of building and maintaining a solid network and excellent working relationships with internal and external stakeholders.
Business acumen including knowledge of the Company’s strategy, industry, key risks, operations, and culture.
Outstanding communications skills, including presenting to, advising and educating executive leadership and Board of Directors. Must be able to convey complicated topics and issues in a straight forward and concise manner, and be able to tailor communication style to the audience including such matters as engagement objectives, evaluations, conclusions, and recommendations.
A quick learner that displays excellent judgment and problem solving skills which enable timely and appropriately risk balanced advice and guidance.
A team player who displays self-confidence, encourages collaboration, and establishes credibility that earns organizational trust from superiors and peers who can find common ground in solving problems.
Extensive experience with risk-based internal auditing and annual planning.
Demonstrated knowledge of SOX 404 regulations and compliance.
In-depth knowledge of manual and automated systems of internal control.
Proficiency in applying internal audit standards, procedures, and techniques in performing engagements.
Proficiency in applying accounting principles and techniques.
Knowledge of the indicators of fraud sufficient to identify them.
Knowledge of key information technology risks and controls and available technology-based audit techniques.
Understanding of management principles to recognize and evaluate the materiality and significance of deviations from good business practices.
Understanding of the fundamentals of business subjects such as: accounting; economics; commercial law; taxation; finance; quantitative methods; fraud; risk management; and information technology.
Demonstrated integrity and commitment to the highest ethical standards and personal values.
Self-motivation and initiative to organize and prioritize work, performing the job with minimal supervision.
Proficient with Microsoft Office including Outlook, Word, Excel, PowerPoint, Teams, and SharePoint.
Knowledge of VBA, Excel Macros, SQL, data analytics, and data visualization.
About Realty Income
Realty Income (NYSE: O), founded in 1969, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The revenue to pay monthly dividends is generated from over 6,000 commercial properties in 49 states, Puerto Rico, and the United Kingdom that we own under long-term leases, primarily with large commercial enterprises that operate multiple locations. Our shares are traded under the ticker symbol “O” on the New York Stock Exchange.
Realty Income supports racial justice and equality for all. Respect, integrity, humility, diversity, and inclusion remain core values to us because how we act is as important as what we accomplish. We want to champion bringing meaningful progress. Uncompromising change must address and eliminate the systemic issues found in our institutions and society. We must challenge our own biases.
Corporate leadership starts with us.
Each day this journey begins with educating ourselves so that we can bring the best version of us to our colleagues and other stakeholders. We are committed to action by holding uncomfortable conversations and offering financial support to nonprofits advocating and advancing racial justice. We em...pathize with those impacted by prejudice and recognize our responsibility to support initiatives promoting a corporate culture and society that strives for equal opportunity for all. We will continue to foster inclusion within our teams and offer allyship to all who share this vision.
For more information about Realty Income please visit us at www.realtyincome.com.