Lambda · 1 month ago
Internal Audit Lead - IT Controls and Data Assurance
San Jose, CA
Full-time
Onsite
Senior Level, Lead/Staff
$154K/yr - $231K/yr
8+ years expLambda, The Superintelligence Cloud, is a leader in AI cloud infrastructure serving a diverse customer base. The Internal Audit Lead will be responsible for SOX compliance, IT controls, and data assurance activities, leading various testing and assurance projects while engaging with stakeholders to strengthen IT governance and data integrity.
AI InfrastructureArtificial Intelligence (AI)Cloud ComputingGPUMachine Learning
Responsibilities
Lead SOX IT testing and assurance activities for SaaS and third-party hosted business applications, including ERP, CRM, HR, procurement, and financial reporting systems
Evaluate and test IT General Controls, automated business process controls, and key report logic across cloud-hosted platforms
Collaborate with system administrators, business owners and SaaS vendors as needed to validate control design across all applicable IT control domains
Assess vendor SOC reports to ensure adequate assurance over outsourced IT environments
Assist in the annual IT SOX scoping and risk assessment process in alignment with the overall ICFR and SOX program
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 the work of co-sourced as well as internal team members and review their work to ensure high-quality, consistent results
Identify control deficiencies and work with management to design effective remediation approaches and measures
Monitor changes to business processes and apply independent judgement to evaluate the potential impact to the control environment and recommend necessary improvements. Present the impact of the changes to the Head of Internal audit and other stakeholders prior to implementation
Manage and update all ICFR / SOX 404 documentation as required including COSO framework mapping, process and control narratives/flowcharts, risk and controls matrix, and testing approach
Apply professional skepticism and subject matter expertise to independently evaluate and conclude on control deficiencies and develop the necessary remediation actions and monitor their implementation in due time
Act as the primary liaison with IT, Security, and Finance leadership for SaaS and IT SOX assurance
Collaborate with external auditors to coordinate SaaS control testing approaches and reliance strategies
Train business and IT process owners on SaaS control requirements, third-party assurance, and best practices
Prepare high-quality reports and presentations on SaaS IT control results, data assurance findings, and remediation progress for executive leadership and the Audit Committee
Communicate complex IT and SaaS control issues in business-friendly terms to non-technical stakeholders
Stay current on emerging risks, regulations, and trends related to SaaS governance, IT risk, and data assurance
Qualification
Required
Bachelor's degree in Information Systems, Computer Science, Accounting, or related field
CISA required; CISSP, CISM, or CPA/CIA preferred
8+ years of experience in IT audit, IT SOX compliance, or IT risk management, with strong focus on SaaS and third-party hosted systems
Big Four accounting firm or equivalent experience in Internal or External Audit or IT consulting practice
Deep expertise in ITGCs, IT Automated Controls, key report testing, and their relevance to ICFR, Internal audit methodology and IIA standards
Experience assessing SOC 1 / SOC 2 reports and integrating vendor assurance into SOX programs
Background in both SaaS environments and homegrown applications preferred
Experience of working with audit management tools (e.g., AuditBoard, Archer, Workiva) to manage SOX and IT compliance programs
Strong technical understanding of SaaS environments, including access management, change management, integrations, and configuration controls
Strong analytical and technical skills with the ability to evaluate IT and data risks across complex environments
Familiarity with data governance, reporting assurance, and cloud compliance requirements
Excellent project management and stakeholder engagement skills
Proven ability to lead and review the work of internal teams and co-sourced resources
Organized, detail-oriented, and able to manage multiple priorities in a dynamic environment
Preferred
Experience with data analytics and automated testing tools to enhance SOX testing efficiency and insights
Exposure to emerging technologies such as cloud computing, cybersecurity, and RPA, and their control implications
Prior experience working in a fast-growth or global organization, adapting SOX programs to evolving structures and complexity
Familiarity with cybersecurity frameworks (e.g., NIST, ISO 27001, COBIT) and their application to IT risk management
Experience with data governance and data integrity reviews, including testing controls over data migration, transformation, and reporting
Prior involvement in system implementation or upgrade reviews for ERP, financial systems, or homegrown applications
Exposure to DevOps, agile development, or CI/CD environments, including related ITGC and change management considerations
Working knowledge of data analytics and automation tools (e.g., SQL, Python, ACL, Power BI) to enhance testing efficiency and assurance insights
Benefits
Generous cash & equity compensation
Health, dental, and vision coverage for you and your dependents
Wellness and commuter stipends for select roles
401k Plan with 2% company match (USA employees)
Flexible paid time off plan that we all actually use
Company
Lambda
Lambda is a cloud-based platform that provides high-performance GPU hardware and cloud infrastructure for AI model training and inference.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$3.19BKey Investors
TWG GlobalJP MorganMacquarie Group
2025-11-18Series E· $1.5B
2025-08-19Debt Financing· $275M
2025-02-19Series D· $480M
Leadership Team
Stephen Balaban
Co-founder, CEO
Michael Balaban
Co-Founder / CTO
Recent News
2026-01-09
2026-01-08
2025-12-25
Company data provided by crunchbase