Description
This person is responsible for managing the Internal Audit Department, the “third line of defense” for the organization, including reporting directly to the Board Audit and Compliance Committee. The manager will be responsible for the execution of the internal audit program for the organization’s banking activities, including the traditional bank, national products, wealth management, and IT activities.
Qualifications: This person should have a bachelor’s degree and seven years of banking and/or audit experience or the equivalent. The designation of Certified Internal Auditor, Certified Public Accountant, or relevant certification from at least one bank trade association is required. This person should have a strong understanding of auditing standards, accounting principles, banking, and regulatory compliance, and demonstrate an ability to work well independently. Strong oral and written communication skills are required, along with strong analytical and problem-solving skills.
Principal Responsibilities:
Lead the team and develop an atmosphere of teamwork, open communication and unity. Provide oversight of all services offered. Actively mentor staff and ensure they are trained, evaluated, and motivated to perform their responsibilities in an effective and progressive manner.
Assess risk across all levels of the corporation and develop the annual audit schedule for review and approval by Supervisor and the Audit Committee. Including completing a risk assessment for the organization that can be used jointly by the Compliance and Enterprise Risk departments (ERM).
Recommend enhancements and changes to the audit program to ensure effectiveness. Perform audit fieldwork and assume responsibility of oversight of all elements of the audit program. This includes individual reviews, evaluating the soundness, adequacy, effectiveness, and proper application of accounting, financial, regulatory compliance, and operational controls, and determining the extent of compliance with laws, regulations, and internal controls including policies, procedures, and established practices
Responsible for reviewing the activity of the departments classified as the “second line of defense, including compliance, quality control, ERM and any other departments within this category to insure they are fulfilling their role as a proper check and balance in the organization
Assume responsibility for the oversight and completion of FDICIA testing, including coordinating with external auditors. Communicate findings with senior management. Design and execute additional testing to demonstrate proper remediation when necessary. Maintain FDICIA control documentation and test results.
Coordinate the meeting schedule for the Audit & Compliance Committee.
Issue reports to appropriate levels of management stating conclusions and recommendations for improving the organization’s control structure.
Interact with Senior Management in coordinating appropriate responses to audit report findings or other identified concerns within the organization.
Work closely with other business units to monitor and follow up on issues discovered during internal or external audits and reviews to ensure corrective action is taken.
Assist in or conduct presentations to appropriate levels of management or the Audit Committee or Board of Directors at the conclusion of an audit.
Participate from an audit perspective in committee proceedings and evaluations of new policies, procedures, systems, and products as assigned.
Maintain a current knowledge of developments applicable to the position in the areas of auditing, banking, regulatory compliance, and technology, including requirements under FDICIA.
Work closely with external auditors and examiners in their work as assigned and assist in the preparation for regulatory examinations.
Act in accordance with FBT policies and procedures as set forth in the employee handbook.
Adhere to compliance procedures and participate in required compliance training.
Compensation Grade
Salary Grade 8
First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email hr@bankeasy.com.
Requirements
Qualifications: This person should have a bachelor’s degree and seven years of banking and/or audit experience or the equivalent. The designation of Certified Internal Auditor, Certified Public Accountant, or relevant certification from at least one bank trade association is required. This person should have a strong understanding of auditing standards, accounting principles, banking, and regulatory compliance, and demonstrate an ability to work well independently. Strong oral and written communication skills are required, along with strong analytical and problem-solving skills.
