Manager, Internal Audit at Universal Music Group

Santa Monica, California, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Strong understanding of internal control principles and practices
Excellent verbal, written, and interpersonal communication skills
Ability to build and maintain effective relationships
Curiosity and a desire to learn new concepts
Team player with high EQ and active listening skills
Ability to identify process improvement opportunities

Responsibilities

Assist the Senior Manager Internal Audit with the execution of the annual Internal Audit Plan
Plan and perform assigned Internal Audit projects, focusing on the evaluation of internal controls
Lead project planning, on-site fieldwork, and draft reporting with limited support
Manage all project elements (time, quality, costs) and escalate delays/obstacles promptly
Proactively follow up and track remediation plans required in Operating Companies
Manage the day-to-day sourcing relationship with the external service provider and ensure quality of their work
Review the work of co-source providers and contribute to feedback
Implement departmental policies and procedures and ensure compliance
Assist with the drafting of Internal Audit reports
Assist with investigations involving policy violations and fraud
Assist with the identification of process improvement opportunities
Contribute to the enhancement of Internal Audit methodologies and tools
Proactively manage relationships with business functions, compliance teams, and external auditors
Educate the organization on the role of Internal Audit

Skills

Key technologies and capabilities for this role

Internal AuditInternal ControlsProject ManagementAudit PlanningFieldworkAudit ReportingFraud InvestigationProcess ImprovementComplianceRemediation TrackingRisk Assessment

Questions & Answers

Common questions about this position

What is the work location for this Manager, Internal Audit role?

The position is hybrid and available in the Netherlands, Santa Monica (U.S.), or Miami, Florida.

What key skills are required for this internal audit manager position?

Candidates need a strong understanding of internal control principles and practices, excellent verbal, written, and interpersonal communication skills, ability to build and maintain effective relationships, curiosity and desire to learn, team player qualities with high EQ and active listening skills, and ability to identify process improvement opportunities.

What professional growth opportunities does this role offer?

The role provides opportunities for professional development and potential advancement into internal finance management positions.

What is the company culture like at Universal Music Group?

UMG is committed to artistry, innovation, and entrepreneurship as the world’s leading music company operating in more than 60 countries.

What makes a strong candidate for this internal audit role?

A strong candidate will demonstrate a strong understanding of internal controls, excellent communication and relationship-building skills, high EQ as a team player, curiosity to learn, and the ability to identify process improvements, aligning with the responsibilities of leading audits and managing relationships.

Universal Music Group

Global music recording, publishing, and distribution

About Universal Music Group

Universal Music Group (UMG) operates as a major player in the global music industry, engaging in recording, publishing, and distribution across over 60 countries. The company works with a wide range of clients, from famous artists like Elton John and Taylor Swift to new and independent musicians. UMG's operations include selling physical and digital music, streaming services, licensing music for various media, and organizing live performances. The company signs artists to contracts, produces their music, and manages their publishing rights, while also offering marketing and promotional services to help artists expand their reach. UMG generates revenue through multiple channels, including music sales, streaming subscriptions, licensing fees, live performances, and merchandise. This diverse approach allows UMG to maintain its leadership position in the music market by providing comprehensive support to artists and capitalizing on various revenue opportunities.

Santa Monica, CaliforniaHeadquarters

1934Year Founded

$3,890.9MTotal Funding

IPOCompany Stage

Consumer Goods, EntertainmentIndustries

10,001+Employees

Benefits

Competitive Salary

401k

Flexible PTO

Medical, dental, visiion insurance

Student Loan Repayment Assistance & Tuition Reimbursement

Well-Being Allowance

Risks

Legal battle with Drake over 'pay-for-play' could harm UMG's reputation.

Downtown Music acquisition may face regulatory scrutiny, delaying expansion plans.

AI partnership with Amazon may not fully address evolving AI content challenges.

Differentiation

UMG leads the music industry with a diverse global presence in 60+ countries.

UMG's artist-centric streaming model enhances engagement and revenue for musicians.

UMG's strategic partnerships, like with Amazon, bolster innovation and content protection.

Upsides

UMG's acquisition of Downtown Music boosts its independent music sector presence.

Partnership with KLAY Vision positions UMG as a leader in AI-driven music innovation.

Collaboration with WPP enhances UMG's marketing capabilities and global reach.

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