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Lambda, a leader in AI cloud infrastructure serving tens of thousands of customers globally, is seeking an experienced Internal Audit Lead – IT Systems and Controls to join its Internal Audit function. This is a hybrid role based in the San Jose office (4 days/week on-site; Tuesdays are work-from-home).
You will report directly to the Head of Internal Audit and take ownership of SOX IT controls testing and assurance activities, with emphasis on IT General Controls (ITGCs), IT Automated Controls, and Key Report testing. This leadership role combines hands-on technical evaluation with oversight, mentoring, and stakeholder engagement across the organization.
Key Responsibilities:
SOX IT Controls & Assurance: Lead planning, execution, and oversight of SOX testing for ITGCs, IT Automated Controls, and Key Reports. Assist in annual IT SOX scoping and risk assessment aligned with ICFR and SOX programs. Conduct and lead walkthroughs and design/effectiveness testing of IT controls across homegrown and third-party systems. Coordinate evidence collection, manage remediation efforts, and ensure timely closure of audit gaps. Oversee co-sourced and internal team members, reviewing work for quality and consistency. Identify control deficiencies and work with management to design effective remediation. Monitor business process changes and evaluate impact on the control environment. Manage and update ICFR/SOX 404 documentation including COSO framework mapping, process narratives, risk matrices, and testing approaches. Apply professional skepticism to independently evaluate control deficiencies and develop remediation actions.
IT & Data Assurance Projects: Lead internal audit projects focused on IT, data governance, and emerging technology risks with primary focus on internal controls for financial reporting and SOX. Provide advisory services to technology and business leaders on IT risk management, control optimization, and compliance. Evaluate data integrity, system development practices, access management, and change management processes. Work closely with engineering and IT teams to design and implement effective, scalable IT controls.
Control Evaluation & Remediation: Identify, assess, and document control deficiencies with severity and impact evaluation. Work with cross-functional leadership and process owners to develop, track, and validate remediation plans. Recommend process improvements and efficiency opportunities while maintaining control effectiveness.
Stakeholder Collaboration: Act as key liaison with IT, Engineering, Security, Finance, and business system teams. Partner with external auditors to coordinate IT SOX testing approaches. Provide training and guidance on IT control requirements and best practices.
Reporting & Communication: Prepare reports and presentations summarizing IT SOX results, audit findings, and remediation progress for the Head of Internal Audit and Audit Committee. Communicate complex IT control issues clearly to senior management. Monitor regulatory developments and advise leadership on emerging IT and data risks.
Required Qualifications:
Bachelor's degree in Information Systems, Computer Science, Accounting, or related field. 10+ years of progressive experience in IT audit, IT risk, or IT SOX compliance, with at least 3+ years in a managerial or supervisory role. Big Four accounting firm or equivalent experience in Internal/External Audit or IT consulting. Deep expertise in ITGCs, IT Automated Controls, key report testing, and their relevance to ICFR. Experience auditing both homegrown business systems and third-party SaaS applications. Familiarity with data governance, system implementation reviews, and cybersecurity risk assessments. Experience with audit management tools (AuditBoard, Archer, Workiva). Strong analytical and technical skills to evaluate IT and data risks in complex environments. Excellent communication and interpersonal skills for engaging technical and non-technical stakeholders. Proven ability to lead and review work of internal teams and co-sourced resources.
Preferred: CISA, CISSP, or equivalent certification; CPA or CIA is a plus.
