Business Advisory Solutions Group (BASG) is interviewing candidates for a staff role as Director of Internal Audit in a bank environment. This is an immediate hire requiring the specific experience outlined below.
RESPONSIBILITIES OF THE JOB:
The Director of Internal Audit is responsible for ensuring an effective internal audit function is in place, while focusing on adding value and improving the institutional operations, risk management, control, and governance processes.
- Developing internal audit strategies, budgets, goals, objectives, policies, procedures, plans, and schedules to evaluate the effectiveness of internal controls
- Providing effective monitoring of the integrity and effectiveness of the Corporation’s accounting and financial reporting processes and systems of internal control
- Identifying areas of potential financial and operational risk within the organization
- Reviewing and assessing the Corporation’s risk management processes
- Outsourcing internal audit work to reputable, experienced, and independent third parties when specialized expertise is necessary
- Managing the timely accomplishment of the audit plan
- Providing verbal and/or written communications of audit findings and recommendations to improve internal control and governance processes
- Managing the Corporation’s whistleblower software, training, and related processes
- Presenting and discussing audit findings and recommendations with management
- Promptly communicating significant risks or concerns to the Chief Risk Officer and the Audit Committee Chairperson
- Preparing Audit Committee materials and meeting agendas AND presenting at each Audit Committee meeting
- Coordinating with providers of assurance and audit services to ensure appropriate audit coverage and to minimize duplication of efforts, including but not limited to: Outsourced internal audit providers, External financial statement auditors, Sarbanes Oxley 404 assurance providers, Internal audit Quality Control review providers, Internal risk management AND Federal and state Regulators
- Maintaining a solid understanding of the Corporation’s business activities, strategic plan, risk appetite, and risk tolerance
- Maintaining effective communication with, and supporting the needs of, the Audit Committee and its Chairperson through regular meetings, reports, and the performance of special projects, as requested. Presenting issues and management actions that affect broad or critical segments of the company to management and the Audit Committee
- Regularly communicating with the Chief Risk Officer and other Executive Management to nurture an effective working relationship and strong governance culture
- Raising difficult issues with management and the Audit Committee
- Consulting with management to provide appropriate guidance on key business decisions
- Hiring qualified internal audit staff and encouraging the professional development, certification, and training of supervised employees
- Staying up to date with the latest auditing techniques, regulations, and industry standards
- Ensuring compliance with laws, regulations, and company policies
- Providing leadership of assigned team
- Coordinating interdepartmental goals to ensure alignment with company goals and vision
- Coaching and providing ongoing performance feedback to employees, setting realistic and measurable performance goals, and ensuring employees have appropriate professional development opportunities. Managing performance and assisting employees to meet established company standards and expectations
- Following regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC as well as regulations pertaining to lending and consumer compliance to include fair lending laws
REQUIRED SKILLS/EXPERIENCE
- BS. or B.A. degree in Accounting, Finance, or relevant field.
- MBA
- At least 10 years of internal audit experience, including management experience. The majority of that experience must be in financial services or the public accounting industry
- Certified Public Accountant certification
- Certified Internal Auditor certification
- Public accounting experience in financial services preferably in a Big Four company
- Extensive knowledge of principles and practices in the areas of accounting, auditing, and bank laws and regulations
- Strategic thinking abilities to develop and implement audit plans that align with the organization’s goals and risk appetite
- Advanced understanding of audit methodologies, risk management strategies, and internal control structures
- Strong analytical skills for assessing financial data, identifying irregularities, and recognizing patterns that may indicate fraud or non-compliance
- Exceptional leadership skills to manage and develop a team of auditors, promote a culture of ethical conduct, and maintain a high standard of performance
- Strong ability to analyze, diagnose, and communicate complex business and financial issues
- Organized and detail-oriented, with the ability to manage multiple audits and projects concurrently
- Strong ethical standards and integrity, necessary for the impartial execution of audits and the handling of confidential information
- Ability to handle sensitive information while maintaining a high degree of confidentiality.
- Diplomacy and conflict management skills, with a strong ability to work across the organization and at all levels
- Ability to travel as necessary
- Experience and proficiency with Audit Board software
PLEASE NOTE: BASG cannot work through agencies to fill any of these positions; there is NO exception. Please do not respond if you are an agency or are represented or work through an agency. Also, BASG cannot work with offshore resources or respond to requests for Visa transfers.