Overview

Chesapeake Bank-

Want to build a successful career with a financial institution that excels in the industry and has “fun” as one of its corporate values? Our team has high levels of employee engagement, proven in yearly external engagement surveys that rank us in the top 200 banks for multiple years running. We offer competitive benefit plans and have high levels of job satisfaction. Chesapeake puts an emphasis on knowing that we are only as strong as the communities we serve, therefore we contribute service hours and money to our local communities.

Talk to us about a career that makes you want to get up and come to work, have fun and make a difference.

Want to read more about why you should join the team, click the link below: 

Top 10 Reason You Should Explore a Career with Chesapeake Bank

Summary:The Director of Internal Audit serves as a thought leader on the evolving role of IA and keeps abreast of innovation, emerging risk and best practices in internal auditing to facilitate continuous learning and improvements within Internal Audit. Develops and oversees the Chesapeake Financial Shares (CFS) Internal Audit program in conjunction with the CFS Audit Committee. Develop an audit strategy that is agile, forward thinking and provides excellent assurance coverage for CFS. Direct the Internal Audit program to cover all areas of the organization to ensure the financial institution complies with laws and regulations and CFS organizational objectives. Understand this role as defined by the three lines of defense to maintain a compliance culture that includes risk management processes.

Responsibilities

• Participates in strategic planning activities in order to develop both short and long-term departmental initiatives that create efficiencies and effectiveness and provide overall value to the Company.
• Responsible for reporting to management and the Audit Committee accurate and timely reports detailing findings and recommendations to include FDICIA.
• Oversee and maintain the Internal Audit Quality Assurance and Improvement program as defined by the IIA Standards.
• Oversee the risk-based internal audit plan, and monitor to maintain adequate resources.
• Identify and recommend changes, new procedures and techniques to eliminate weakness in operating practices and procedures with regard to proper controls and loss prevention
• Manage outsourced internal audit engagements and third parties as necessary.
• Oversee the performance of audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting processes and procedures.
• Oversee follow-up activities to ensure correction of recommendations and findings for internal audits, external audits and regulatory examinations.
• Act as a consultant with business units regarding audit. This position works with 1st and 2nd line of defense functions throughout the company, to ensure risk is adequately identified, and controlled.
• Investigate any concerns related to suspicious employee activity.
• Manage the professional development of internal audit staff.
• Oversee communications to all employees regarding the process to report complaints.
• Pursue professional development opportunities, including external and internal training and professional association memberships.
• Assist external auditors and examiners in periodic visits and examinations. Provide information, files and records as appropriate.
• Perform other such duties as may be requested or assigned by the Board, Audit Committee, or Senior Management that are not in conflict with Bank policies or impair internal auditing independence and objectivity.

Requirements

• Bachelor’s degree in accounting or business administration.
• A minimum of five years of auditing work experience in a financial institution, including supervisory experience.
• Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) or Certified Financial Services Auditor (CFSA) designation, or similar certification preferred.
• Exceptional verbal and written communication skills with understanding of human interaction to maintain good relationships with management.
• Knowledge and adherence of the IIA Standards and Code of Ethics.
• Proficiency in accounting principles, application of internal auditing standards, procedures and techniques.
• Proficiency with Microsoft Office and audit automation.
• Knowledge of Enterprise Risk Management and governing frameworks.