Description

This position conducts audits to assess effectiveness of controls, accuracy of financial records, and efficiency of operations. Is responsible for assisting the bank, to the best of the employee's abilities, in complying with applicable state and federal banking rules and regulations as they pertain to this position. Must embrace and uphold the bank's Code of Conduct, Core Values and Service Standards.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

INTERNAL AUDITOR - 90%

• Responsible for developing an internal audit program and setting the audit calendar for the bank. The program developed will be approved by the board's audit committee and will be subject to periodic review by this committee. The program shall result in an audit of all significant bank activities based on a practical and appropriate time cycle.
• Conducts audits to ensure accurate recording of transactions and compliance with applicable laws and regulations.
• Examines department activities for compliance with management plans and policies.
• Tests accounting systems to determine their efficiency and protective value.
• Assesses the proper accountability of assets by conducting inventories; i.e. cash counts.
• Reviews records pertaining to staff and material assets, such as equipment and buildings, to determine degree to which they are utilized.
• Analyzes data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud, or lack of compliance with laws, government regulations, and management policies or procedures.
• Prepares and submits audit findings and makes recommendations to audit committee and management.
• Documents findings and follows up to ensure timely responses are received with an appropriate action plan.
• Conducts special studies for management such as those required to discover mechanics of detected fraud and to develop controls for fraud prevention.
• Plans and conducts audit committee meetings, sets agenda, records minutes.
• Schedules, coordinates and assists with external engagement and government regulated exams to ensure requested documents, technology and physical needs are met.
• Prepares annual budget for external engagements
• Identify technical exceptions as well as other exceptions to loan policy, laws and regulations.
• Assist the Board and management in assessing the level and trend of loan portfolio quality.
• Provide recommendations to improve the Bank's loan policy and loan administration system.
• Prepares and submits audit findings and makes recommendations to management and audit committee.

OTHER SUPPORT - 10%

• May be called upon to help with functions outside the scope of Internal Audit.

Requirements

Supervisory Responsibilities:

It is the intention of the board that the internal auditor operates completely independent from the rest of the bank. The auditor is responsible to the board for conducting an effective audit program. Within the context of this relationship between the auditor and the board, the auditor also supports bank management. This position must embrace change and see it as an opportunity.

Competency:

Change Management - Develops workable implementation plans; Communicates changes effectively; Builds commitment and overcomes resistance; Prepares and supports those affected by change; Monitors transition and evaluates results.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:

Bachelor's degree from four-year College or University and 1-2 years related experience, or equivalent combination of education and experience.

Language Skills:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from the board, management, employees and regulators.

Mathematical Skills:

Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Reasoning Ability:

Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills:

To perform this job successfully, an individual should have knowledge of Spreadsheet software.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to sit. The employee is frequently required to talk or hear. The employee is occasionally required to stand and walk.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually quiet.