Internal Audit Lead - IT Controls and Data Assurance at Lambda

San Jose, California, United States

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$154,000 – $231,000Compensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Artificial Intelligence, Cloud Computing, TechnologyIndustries

Requirements

Bachelor’s degree in Information Systems, Computer Science (or related field, as description cuts off)
Highly skilled in SOX compliance, IT controls, and data assurance
Expertise in IT General Controls (ITGCs), IT Automated Controls, and Key Report testing
Experience with SaaS and third-party hosted business systems (e.g., ERP, CRM, HR, procurement, financial reporting)
Knowledge of evaluating vendor SOC reports and cloud-hosted platforms
Ability to lead testing, walkthroughs, design/effectiveness testing, and remediation efforts
Proficiency in ICFR/SOX 404 documentation (e.g., COSO framework mapping, process narratives/flowcharts, risk and controls matrix)
Strong stakeholder engagement skills with IT, Security, Finance leadership, and external auditors
Ability to apply professional skepticism, independent judgement, and subject matter expertise
Current knowledge of emerging risks, regulations, and trends in SaaS governance, IT risk, and data assurance
Senior-level experience combining hands-on testing with leadership and oversight

Responsibilities

Lead SOX IT testing and assurance for SaaS/third-party hosted business applications
Evaluate and test IT General Controls, automated business process controls, and key report logic
Collaborate with system administrators, business owners, and SaaS vendors to validate controls
Assess vendor SOC reports for outsourced IT environments
Assist in annual IT SOX scoping and risk assessment aligned with ICFR/SOX program
Conduct/lead walkthroughs and design/effectiveness testing for homegrown/third-party systems
Coordinate evidence collection, manage remediation, and ensure audit gap closures
Oversee co-sourced/internal team members and review their work
Identify control deficiencies, design remediation, and monitor implementation
Monitor business process changes, evaluate impacts, and recommend improvements
Present change impacts to Head of Internal Audit and stakeholders
Manage/update ICFR/SOX 404 documentation
Act as liaison with IT, Security, Finance for SaaS/IT SOX assurance
Collaborate with external auditors on testing approaches and reliance strategies
Train process owners on control requirements, third-party assurance, and best practices
Prepare reports/presentations on control results, findings, and remediation for executives/Audit Committee
Communicate complex IT/SaaS issues to non-technical stakeholders
Stay current on emerging risks, regulations, and trends

Skills

Key technologies and capabilities for this role

SOX ComplianceITGCIT Automated ControlsKey Report TestingERPCRMHR SystemsProcurement SystemsFinancial ReportingSOC ReportsRisk AssessmentIT GovernanceData AssuranceSaaS ControlsCloud Platforms

Questions & Answers

Common questions about this position

What is the salary range for the Internal Audit Lead position?

The salary range is $154K - $231K.

Is this role remote or hybrid, and what are the office requirements?

The position is hybrid and requires presence in the San Jose office 4 days per week, with Tuesday designated as the work-from-home day.

What key skills and responsibilities are required for this role?

The role requires expertise in SOX compliance, IT General Controls (ITGCs), IT Automated Controls, Key Report testing, evaluating SaaS and third-party systems, assessing vendor SOC reports, and leading testing and remediation efforts.

What is the team structure and reporting for this position?

This is a senior-level role reporting directly to the Head of Internal Audit, involving oversight of co-sourced and internal team members, stakeholder engagement, and leadership in audit projects.

What makes a strong candidate for this Internal Audit Lead role?

A strong candidate will have hands-on experience in SOX IT testing, IT controls for SaaS and third-party systems, professional skepticism, subject matter expertise, and the ability to lead teams, manage remediation, and engage stakeholders.

Lambda

Cloud-based GPU services for AI training

About Lambda

Lambda Labs provides cloud-based services for artificial intelligence (AI) training and inference, focusing on large language models and generative AI. Their main product, the AI Developer Cloud, utilizes NVIDIA's GH200 Grace Hopper™ Superchip to deliver efficient and cost-effective GPU resources. Customers can access on-demand and reserved cloud GPUs, which are essential for processing large datasets quickly, with pricing starting at $1.99 per hour for NVIDIA H100 instances. Lambda Labs serves AI developers and companies needing extensive GPU deployments, offering competitive pricing and infrastructure ownership options through their Lambda Echelon service. Additionally, they provide Lambda Stack, a software solution that simplifies the installation and management of AI-related tools for over 50,000 machine learning teams. The goal of Lambda Labs is to support AI development by providing accessible and efficient cloud GPU services.

San Jose, CaliforniaHeadquarters

2012Year Founded

$372.6MTotal Funding

DEBTCompany Stage

AI & Machine LearningIndustries

201-500Employees

Risks

Nebius' holistic cloud platform challenges Lambda's market share in AI infrastructure.

AWS's 896-core instance may draw customers seeking high-performance cloud solutions.

Existential crisis in Hermes 3 model raises concerns about Lambda's AI model reliability.

Differentiation

Lambda offers cost-effective Inference API for AI model deployment without infrastructure maintenance.

Nvidia HGX H100 and Quantum-2 InfiniBand Clusters enhance Lambda's AI model training capabilities.

Lambda's Hermes 3 collaboration showcases advanced AI model development expertise.

Upsides

Inference API launch attracts enterprises seeking low-cost AI deployment solutions.

Nvidia HGX H100 clusters provide competitive edge in high-performance AI computing.

Strong AI cloud service growth indicates rising demand for Lambda's GPU offerings.

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