Senior Manager, Internal Audit

Senior Manager, Internal Audit

Location: Irvine, California - Hybrid (Mon-Thu in office/Friday remote)

Semtech Corporation is a high-performance semiconductor, Internet of Things ("IoT") systems and cloud connectivity service provider. The end customers for the Company's silicon solutions are primarily original equipment manufacturers that produce and sell technology solutions. The Company's IoT module, router, gateway, and managed connectivity solutions ship to IoT device makers and enterprises to provide IoT connectivity to end devices. The Company designs, develops, manufactures, and markets a wide range of products for commercial applications, the majority of which are sold into the infrastructure, high-end consumer and industrial end markets.

Job Summary:

The Senior Manager, Internal Audit reports to the Senior Director of Internal Audit (Head of Internal Audit) and plays a critical role in monitoring the risk environment, strengthening the overall control environment, and delivering high-quality audit and advisory work across SOX compliance, IT general controls, and operational audits. You will lead and work closely with the internal audit team, engaging cross-functionally with internal and external stakeholders to understand, define, and update systems and control procedures making a meaningful impact on how Semtech operates while developing strong business relationships across the organization.

Responsibilities:

SOX Compliance, Financial Controls & IT Audit

• Lead all aspects of the SOX 404 compliance program including planning, scoping, risk assessment, control rationalization, and deficiency assessment; coordinate with external auditors on integrated audit reliance, including scoping, timing, work product review, and strategies to maximize reliance on internal audit work
• Evaluate design and operating effectiveness of key controls over financial reporting in accordance with PCAOB standards and COSO 2013; support management's assessment of ICFR and drive corrective action remediation
• Maintain and continuously improve SOX documentation including but not limited to process narratives, flowcharts, risk and control matrices, and testing and review scripts
• Oversee and manage the AuditBoard SOX tool, ensuring control documentation, assigned owners, tasks, and data are accurately and timely maintained and logically organized to support a streamlined and efficient audit process
• Serve as the Internal Audit function's primary subject matter expert on IT audit; plan and execute ITGC testing and/or review across areas including but not limited to logical access, change management, computer operations, and data backup/recovery
• Evaluate IT application controls, automated controls, and ERP segregation of duties within in-scope systems (including SAP); assess business process segregation of duties across key financial cycles and IT systems; review SOC 1 and SOC 2 Type 2 reports and assess complementary user entity controls (CUECs)

Operational Audits, Project Management & ERM

• Lead development of the annual risk-based internal audit plan and independently manage multiple concurrent audit and advisory engagements from planning through final report issuance, ensuring on-time, high-quality delivery
• Provide advisory services to management on internal control design and improvements in connection with areas including but not limited to company policy updates, process changes, business transformation initiatives, and system implementations including pre- and post-implementation SDLC reviews and ITGC SOX readiness assessments for new or modified systems
• Plan and execute operational audit engagements across Semtech's business functions including but not limited to supply chain, procurement, contract manufacturing, treasury, and revenue; lead and manage distributor pricing compliance audits, royalty audits, ERM-related initiatives, or other audit projects; identify root causes of control gaps and develop practical, business-aligned recommendations; present verbal and written audit results to management with corrective action guidance
• Apply data analytics and computer-based tools to audit planning, control testing, and reporting; devise approaches to test process efficiency, quantify opportunities for business improvement, and identify and disseminate best practices across the organization
• Prepare clear, professional audit reports and present findings to management; collaborate with the SOX compliance team and other assurance providers

Team Leadership, Stakeholder Collaboration & Communication

• Oversee, mentor, and develop a team of professional internal auditors, providing guidance on audit methodology, workpaper quality, and professional development; assign and manage workloads to support timely delivery of the audit plan; review and approve workpapers and work performed by staff auditors for accuracy, completeness, and compliance with IIA standards; coordinate workpaper organization within AuditBoard to ensure all documentation is current, properly structured, and audit-ready
• Build and maintain effective working relationships with process owners, department heads, senior management, and external auditors across Semtech's global operations, serving as a trusted advisor on risk and controls matters

Continuous Improvement

• Identify opportunities to enhance the Internal Audit function's methodology, tools, and capabilities; contribute to the ongoing development of the function's strategic roadmap
• Leverage artificial intelligence and emerging technologies to improve audit planning, risk identification, testing efficiency, and reporting quality
• Stay current on emerging audit standards (IIA, PCAOB, COSO), regulatory developments, and industry trends relevant to the semiconductor and technology sectors

Minimum Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, Information Systems, or a related field
• Minimum 10 years of progressive experience in internal audit, external audit, or a combination of both
• Demonstrated expertise in SOX 404 compliance, including end-to-end program management, PCAOB requirements, and deficiency evaluation
• Demonstrated experience in IT audit, including ITGC testing and/or review, IT application controls, ERP segregation of duties, and SOC report evaluation
• Proven experience leading operational audit engagements across multiple business functions; exposure to enterprise risk management frameworks
• Strong project management skills ability to independently manage multiple concurrent engagements with competing deadlines; experience coordinating co-sourced resources
• Excellent written and verbal communication skills with the ability to present findings clearly to senior management; experience with SAP and GRC/SOX platforms such as AuditBoard
• Ability to travel domestically and internationally and to be available for meetings outside standard business hours, including across global time zones, to support international operations

Desired Qualifications

• CIA (Certified Internal Auditor), CPA, or CISA (Certified Information Systems Auditor) one or more certifications strongly preferred
• Public company experience in a semiconductor, technology, or manufacturing environment
• Experience with external auditor integrated audit coordination and reliance strategies
• Exposure to data analytics tools (ACL, IDEA, Power BI, SQL) and automated testing techniques

The intent of this job description is to describe the major duties and responsibilities performed by incumbents of this job. Incumbents may be required to perform job-related tasks other than those specifically included in this description.

All duties and responsibilities are essential job functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities.

We are proud to be an EEO employer M/F/D/V. We maintain a drug-free workplace.

A reasonable estimate of the pay range for this position is $126K - $170K. There are several factors taken into consideration in determining base salary, including but not limited to: job-related qualifications, skills, education, and experience, as well as job location and the value of other elements of an employee's total compensation package.