Internal Audit & Risk Director, Spotify
Finance & Financial Engineering
$193.1-275.8k
Plus equity
Commercial music streaming service
Be an early applicant
Commercial music streaming service
1001+ employees
Be an early applicant
$193.1-275.8k
Plus equity
1001+ employees
Company mission
To unlock the potential of human creativity—by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it
Role
Who you are
- The ideal candidate will possess a demonstrable track record of auditing both financial controls and highly technical systems, including engineering-owned controls in a cloud-native environment
- They will be passionate about music and technology, proactive in identifying and mitigating risks, and adept at providing meaningful insights and solutions to enhance our internal control environment and business operations
- Bachelor's degree or equivalent experience with a major in Engineering, Accounting, Finance, Business Administration, Information Systems, or a related field. Relevant professional certifications such as CPA, CIA, or CISA are strongly preferred
- 15+ years of progressive work experience in internal audit, external audit, controls teams, or compliance, including experience leading SOX compliance programs and auditing both financial and technical controls within a global public company
- Significant experience working with SOX control frameworks, including testing and evaluating the design and operating effectiveness of business process and IT general controls
- Strong understanding of software development lifecycles, cloud infrastructure, and DevOps practices
- Experience with music, digital subscriptions, technology, or ad media is a plus
- Excellent organizational, critical thinking, and problem-solving skills with an ability to apply sound judgment in analyzing problems and risks
- Strong communication skills (written and verbal), and strong presentation skills with the ability to articulate complex problems and solutions clearly and concise
- Possesses a high energy level, intellectual curiosity, and strong work ethic with a commitment to continuous improvement in a dynamic and changing environment
What the job involves
- Spotify is seeking a highly experienced and dynamic Internal Audit & Risk Director to lead critical aspects of our Internal Audit & Risk function
- This pivotal role will be instrumental in overseeing our Sarbanes-Oxley (SOX) compliance program, managing audits related to our Finance and Financial Engineering organizations, and addressing evolving risks across Spotify's rapidly changing technology and business landscape
- Reporting to the Head of Internal Audit & Risk, this individual will lead a team of US and EMEA-based audit professionals and collaborate closely with cross-functional teams, including business, engineering, and finance leadership
- This role offers a unique opportunity to analyze and optimize technology-driven business processes, ensuring robust controls within Spotify's backend and SaaS tools
- This leader will play a key role in shaping Spotify's risk management and internal audit strategy as we continue to innovate and grow
- Provide leadership and strategic direction for Spotify’s SOX 404 compliance program, ensuring its effectiveness in design and operation and coordination with external auditors
- Be the bridge between audit and engineering & finance teams
- Leverage technical knowledge to make the program more efficient, particularly through the use of Gen AI, robotic process automation, and other enablement technologies
- Oversee the planning, execution, and reporting of financial and operational audits, with a significant focus on the Finance and Financial Engineering organizations. This will include audits of engineering-owned controls within Spotify’s highly automated and cloud-based environment
- Partner with management to develop action plans to remediate identified control weaknesses and monitor the issue tracking and resolution process
- Perform special projects or ad-hoc assignments (e.g., advisory services, investigations) contributing risk and control expertise together with analytical and investigative skills
- Coach and mentor a small team of internal audit professionals to support their professional development and ensure high-quality audit execution
- Prepare reporting for the Head of Internal Audit & Risk, key stakeholders, and the Audit Committee on audits, risks, and projects
Our take
Spotify was founded in an attempt to combat the rampant music piracy that was causing significant harm to the industry. The company has since taken music streaming mainstream and now has 180m+ paying subscribers across the world.
With features that include a highly accessible interface and a vast catalogue of artists, Spotify's strong brand has been able to maintain growth in spite of fierce competition from deep-pocketed rivals like Amazon and Apple. The company has achieved this by making smart acquisitions to move into other verticals to strengthen its offerings, especially podcasting, by acquiring Gimlet Media, Anchor and Parcast.
Spotify's future plans include rapid growth with a goal to become a one-stop destination for all digital sound, as well as AI and NFT integrations. However, high costs incurred from the acquisition of exclusive podcasts, increasing competitor strength, and weak bottom-line growth mean that the company must find a balance to maintain its position in the sector.
Freddie
Company Specialist at Welcome to the Jungle
Insights
23% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Jan 2016
$1bn
CONVERTIBLE
Jun 2015
$526m
SERIES G
Total funding: $2.1bn
Company benefits
- Extensive learning opportunities, through our dedicated team, GreenHouse
- Flexible share incentives letting you choose how you share in our success
- Global parental leave, six months off - fully paid - for all new parents
- All The Feels, our employee assistance program and self-care hub
- Flexible public holidays, swap days off according to your values and beliefs
Company HQ
Norrmalm, Stockholm, Stockholms län
Leadership
Daniel Ek
(CEO & Chairman)Founded Spotify in 2006. Previously worked as an executive at Tradera, an auction company that was sold to eBay and was briefly the CEO of uTorrent.
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