Head of Operational Audit

Job Description

Head of Operational Audit | Millennium

The Tone:
This is a full-time role at Millennium, located in New York, NY. Millennium is a global, diversified alternative investment firm, founded in 1989, committed to delivering results for its investors. This role is crucial for Millennium’s Management Controls and Internal Audit Group, which supports the Firm’s leadership and Compliance, Legal & Ethics Oversight Committee in fulfilling their governance and oversight responsibilities. The Head of Operational Audit helps strengthen risk management and the overall control environment across the firm through independent reviews and recommendations.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person, New York, NY
• Pay: $160000–$250000 yearly
• Team: Management Controls and Internal Audit Group; reports to the Global Head of MCIA
• Mission: Strengthen oversight, risk management, and the overall control environment across the firm through relevant analyses, assessments, and recommendations.

What You’ll Actually Do
• Audit Strategy: Serve as a thought partner to the Global Head of MCIA on long-term audit planning and scope design, balancing independent review with firm risk management priorities.
• Stakeholder Engagement: Build and maintain strong relationships with stakeholders to foster engagement, collaboration, and constructive challenge across the audit process.
• Audit Execution: Plan and execute audit engagements focused on operational processes, controls, and related risks across various business and support functions.
• Independent Leadership: Lead audits independently from the planning phase through fieldwork, reporting, and follow-up, demonstrating clear judgment and strong accountability.
• Risk Identification: Identify control gaps, process improvement opportunities, and emerging risks, then provide practical, well-reasoned recommendations.

The Must-Haves
• Background: Senior-level professional with expertise in financial services audit, operational risk, internal controls, and audit methodologies.
• Experience: 15 years of strong audit experience within financial services, with demonstrated ability to develop audit strategy, plan engagements, and define effective scope.
• Skills: Strong stakeholder management, ability to assess complex processes and translate findings into clear recommendations, effective communication, and sound judgment.