Internal Audit Lead - IT Systems and Controls

Lambda, The Superintelligence Cloud, is a leader in AI cloud infrastructure serving tens of thousands of customers. Our customers range from AI researchers to enterprises and hyperscalers. Lambda's mission is to make compute as ubiquitous as electricity and give everyone the power of superintelligence. One person, one GPU. If you'd like to build the world's best AI cloud, join us. *Note: This position requires presence in our San Jose or San Francisco office location 4 days per week; Lambda’s designated work from home day is currently Tuesday. What You’ll Do We are seeking an experienced Internal Audit Lead – IT Systems and Controls to join our Internal Audit function, reporting directly to the Head of Internal Audit. This role will take ownership of SOX IT controls testing and assurance activities, with a strong emphasis on IT General Controls (ITGCs), IT Automated Controls, and Key Report testing. In addition, the role will contribute to broader IT and data-focused internal audit projects and advisory initiatives, driving value-added insights and strengthening the overall governance and internal controls environment. This is a leadership level role that combines hands-on testing and evaluation with leadership, oversight, and stakeholder engagement. SOX IT Controls & Assurance Lead the planning, execution, and oversight of SOX testing for IT General Controls (ITGCs), IT Automated Controls, and Key Reports 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. IT & Data Assurance Projects Lead and deliver internal audit projects focused on IT, data governance, and emerging technology risks with a primary focus on internal controls for financial reporting and SOX.