Description

PRIMARY PURPOSE OF JOB

Responsible to the Board of Directors for evaluating the adequacy, effectiveness and efficiency of the systems of control within the bank and the quality of ongoing operations as well as reviewing of all functions performed by bank personnel. Performs auditing procedures as outlined by the Board approved Audit Plan. Reports results of the audits conducted to the Audit Committee.

EXPECTATIONS OF ALL SOUTHERN BANK TEAM MEMBERS

• Southern Bank team members are a family, rooted in the communities we serve and working together to be the best in our industry, utilizing innovative ideas and strong products. The Southern Bank Patch illustrates these ideals.
• Ensures the confidentiality of customer non-public personal information and secures information systems to comply with bank regulations.

ESSENTIAL FUNCTIONS AND PERFORMANCE AREAS

• Perform financial, operational, and compliance audits in accordance with the internal audit program.
• Review bank practices and records for adherence to internal policies and procedures.
• Develop recommendations for improving internal controls, operating efficiency, and the adequacy of bank records and recordkeeping.
• Prepare written reports, including findings, analyses, conclusions and recommended actions to Audit Committee and appropriate management based on the results of regularly scheduled audits, non-scheduled audits and at any time when issues need to be addressed by management.
• Conduct follow-up review of financial, operational or regulatory compliance deficiencies noted during audits. Conduct investigations of irregularities discovered by or brought to the auditor’s attention.
• Investigate, as requested by senior management or the Chief Risk Officer, fraud, embezzlements, and defalcations within the bank.
• Assist other independent auditors and regulatory examiners during audits as necessary.
• Perform other duties as required, consistent with the goals, objectives, and responsibilities of the Internal Audit Department and with the approval of the Audit Committee.

Qualifications

The following specifications are general guidelines based on the minimum education and experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

KNOWLEDGE, SKILLS AND ABILITIES

• Ability to define problems, collect data, establish facts and draw valid conclusions;
• Ability to use independent thinking and judgment to plan and prioritize work effectively;
• Good verbal and written communication skills;
• Good understanding of human relations and the ability to maintain satisfactory relationships with auditees.
• Knowledge of internal auditing theory, standards, procedures and techniques;
• Proficiency in accounting principles and techniques; and,
• Proficiency in Microsoft Office products.

EDUCATION, TRAINING AND EXPERIENCE REQUIREMENTS

• Bachelor’s Degree in accounting or finance; or three years’ related experience and/or training or equivalent combination of education and experience;

CORE COMPETENCIES

Building Trust – Interacting with others in a way that gives them confidence in one’s intentions and those of the organization.

Customer Focus – Ensuring that the customer perspective is a driving force behind business decisions and activities; crafting and implementing service practices that meet customers’ and own organization’s needs.

Contributing to Team Success - Actively participating as a member of a team to move the team toward the completion of goals.

Business Acumen – Using economic, financial, market, and industry data to understand and improve business results; using one’s understanding of major business functions, industry trends, and own organization’s position to contribute to effective business strategies and tactics.

Information Monitoring – Setting up ongoing procedures to collect and review information needed to manage an organization or ongoing activities within it.

Managing Work (includes Time Management) – Effectively managing one’s time and resources to ensure that work is completed efficiently.

Technical/Professional Knowledge and Skills – Having achieved a satisfactory level of technical and professional skill or knowledge in position-related areas; keeping up with current developments and trends in areas of expertise.

The following specifications are general guidelines based on the minimum education and experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

KNOWLEDGE, SKILLS AND ABILITIES

• Ability to define problems, collect data, establish facts and draw valid conclusions;
• Ability to use independent thinking and judgment to plan and prioritize work effectively;
• Good verbal and written communication skills;
• Good understanding of human relations and the ability to maintain satisfactory relationships with auditees.
• Knowledge of internal auditing theory, standards, procedures and techniques;
• Proficiency in accounting principles and techniques; and,
• Proficiency in Microsoft Office products.

EDUCATION, TRAINING AND EXPERIENCE REQUIREMENTS

• Bachelor’s Degree in accounting or finance; or three years’ related experience and/or training or equivalent combination of education and experience;

CORE COMPETENCIES

Building Trust – Interacting with others in a way that gives them confidence in one’s intentions and those of the organization.

Customer Focus – Ensuring that the customer perspective is a driving force behind business decisions and activities; crafting and implementing service practices that meet customers’ and own organization’s needs.

Contributing to Team Success - Actively participating as a member of a team to move the team toward the completion of goals.

Business Acumen – Using economic, financial, market, and industry data to understand and improve business results; using one’s understanding of major business functions, industry trends, and own organization’s position to contribute to effective business strategies and tactics.

Information Monitoring – Setting up ongoing procedures to collect and review information needed to manage an organization or ongoing activities within it.

Managing Work (includes Time Management) – Effectively managing one’s time and resources to ensure that work is completed efficiently.

Technical/Professional Knowledge and Skills – Having achieved a satisfactory level of technical and professional skill or knowledge in position-related areas; keeping up with current developments and trends in areas of expertise.