Summary:

The Senior Auditor III independently plans and conducts a variety of complex financial, operational and compliance audits in conformance with Internal Audit Standards and established Bank objectives, policies and procedures, and applicable Federal and State regulations. Directs and supervises the Audit Department in the absence of the Chief Auditor.

Essential Job Functions & Responsibilities:

Operations and Staff Supervision

1. Assists in the planning and coordination of the ongoing daily activities of the department.
2. Supervises Audit Interns and Audit Department staff as needed. Performs employee performance reviews when applicable. Provides training, advice and guidance to Audit staff as needed.
3. Provides information and recommendations regarding management goals and objectives.
4. Member of additional committees and task groups as required.
5. Independently performs audits of complex areas across the organization.

Internal Audit Program

1. Assists in the development, management, and implementation of the bank wide risk methodology to deliver applicable elements of the Internal Audit Program.
2. Assists in planning, organizing and implementing Internal Audit Program. Develops audit plans and programs to properly test the Bank’s financial information, internal controls, records and systems.
3. Reports to the Chief Auditor. In his/her extended absence, reports to and communicates with the Board of Trustees’ Auditing Committee Chairman. 
4. Communicates the results of audits and reviews to Director of Audit via both verbal and formal written audit reporting process for presentation to appropriate Bank management and the Audit Committee of the Board of Trustees.
5. Performs all audit work in compliance with Internal Auditing Standards.
6. Assist the Chief Auditor, as requested, to communicate with the Board of Trustees’ Auditing Committee.
7. Assists with monitoring auditing standards within all departments; recommending updating of internal audit work programs as required. Accordingly makes or supervises necessary changes to the audit program and schedule to address risk exposures.
8. Maintains working knowledge of industry activity and regulatory compliance developments in system auditing and control techniques. Attends various seminars and workshops. Recommends procedural changes as needed to support prescribed requirements. Maintains professional certification.

Audit Consulting

1. Recommends and consults with the Bank Management on all phases of the COSO (Committee of Sponsoring Organizations) internal control integrated framework. Assists the Director of Audit, as requested, to advise and consult with the Audit Committee and Senior Management on same COSO issues in addition to FDICIA control requirements.
2. Provides assistance and direction to external auditors and Federal and State bank examiners.
3. Provides guidance and support to the various banking departments in the implementation of policy and procedures so as to (a) ensure adequate internal controls are in place (b) ensure compliance with regulatory standards and (c) to optimize system capabilities. Also provides support and assistance in resolution of issues.
4. May assist in conducting due diligence investigations for audit consultants for the Audit Committee and Senior Management.

Board of Trustees Audit Committee

1. Assists the Chief Auditor, as requested, with the organization of various Audit Committee related seminars for the Audit Committee Board Members.
2. Assists the Chief Auditor, as requested, with the development and delivery of training and education materials and programs to Audit Committee members.

Special Projects

1. Assists the Chief Auditor, as requested, with special investigations for senior management and the Audit Committee.
2. Assists in due diligence and selection of technology systems and operating procedures on new strategic bank initiatives to assure compliance with internal audit requirements.

Risk Management and Measures

1. The Internal Audit Program is based on a risk methodology, which identifies levels of risk within the bank. The Senior Auditor III will assist with the development and annual updating of the risk methodology and assist with its implementation. Accordingly, higher risk areas are audited more frequently than lower (annual audit vs. every third year).
2. All risk elements within risk categories for each bank area/function must be evaluated and scored on at least an annual basis and more frequently if needed. A risk matrix for each department process is utilized. The Internal Audit department reviews the enterprise risk management evaluation of Credit risk, Financial Reporting risk, Legal risk, Liquidity risk, Market risk, Operational risk, Regulatory risk and risk to the Bank’s reputation. The Audit department independently assesses each risk. 

Qualifications:

Education & Certifications:

• Bachelor’s degree in business administration, finance, accounting and related subjects is required. Master’s degree preferred.
• CPA, CBA (Certified Bank Auditor), CIA (Certified Internal Auditor) certification required.

Knowledge, Skills & Abilities:

• Must have minimum of 8 years relevant audit experience within the banking/credit union environment with demonstrated experience managing complex audit assignments.
• Thorough and experienced analytical skills along with excellent communications skills, both written and oral.
• Thorough understanding of risk and identification of exposures.
• Ability to work independently and exercise sound professional judgment.
• Extensive knowledge of the banking industry. 
• Ability to demonstrate a common sense approach in communicating and interacting with Board members of the Audit Committee on all audit subjects and related degrees of risk and materiality. 
• A tactful demeanor to balance audit findings with risk during audit exit meetings with management.
• Ability to solve problems and recommend an immediate course of action. Ability to multi-task.
• Ability to coach/mentor and teach/guide all levels of management through their implementation of well-documented and tested internal control matrices.
• Must have cyber security awareness to protect the digital environment, the Bank, and customers.
• Must have knowledge of information technology systems to include information security of LAN/WAN, Internet and firewall configurations.
• Must have strong computer skills in Word and Excel. Must quickly master the use of Methodware.
• Must have advanced knowledge of all Federal and State banking regulations.
• Advanced understanding of risk management and internal control principles.
• Ability to manage several audits/projects simultaneously.
• Proven track record in handling confidential matters in a discrete fashion.
• Ability to be flexible and work collaboratively with peers, Senior Management, external auditors and bank examiners.