Audit Manager

About Baker Boyer:

Baker Boyer is the oldest independently owned community bank in the Pacific Northwest. It serves the Walla Walla Valley, Columbia Basin and Yakima Valley communities, providing wealth management as well as personal and business banking services.

About this role:

The Audit Manager is responsible for the strategic direction of the Internal Audit functions of the bank to include leveraging risk analysis tools to build/oversee the Audit schedules and programs; communicate risks related to audit findings, industry climate, internal practices, etc. to management, Audit Committee and Board of Directors as appropriate; and provide feedback and guidance to management that assists them in developing balanced solutions. Effectively communicate with Compliance and Risk Management to help the bank ensure effective controls are in place and function accordingly. Oversee personnel resource allocation and development for the Audit team. Manage relationships with examiners and hired audit firms. Engage audit firms and set scope expectations that are aligned with the bank’s risk management strategies and tolerance levels.

Role and Responsibilities:

• Manage the Audit personnel by:
  • Ensuring proper staffing, training and development goals
  • Make or approve decisions for Audit Department employees, regarding employment, performance ratings, promotions, salary recommendations, transfers and terminations.
  • Conduct effective and thorough annual performance evaluations and salary reviews of all direct reports.
  • Guide and advise Audit team in complex phases of work
  • Prepare an annual budget and operate within the established cost controls.
• Satisfy the audit responsibilities assigned in the Bancorp Audit charter.
• Coordinate the activities of Audit with other departments of the bank.
• Conduct a risk analysis to create the yearly Audit Schedule, using knowledge and experience to direct Audit Committee on realignment of priorities or projects based on shifting risks or bank needs.
• Responsible for ensuring proper scope, findings and follow-up actions completed by department.
• Manage the external audit relationship/process for outsourced audits.
  • Work hand in hand with external firms to ensure proper scope, audit approaches based on risk and bank needs.
• Leverage resources including Audit & Compliance personnel as well as specialized external auditors to carry out tasks listed in this description (as applicable):
  • Ascertain the extent to which assets are accounted for and safeguarded from losses of all kinds.
  • Appraise the accuracy and reliability of financial information.
  • Review and appraise the soundness, adequacy and application of internal controls and operating procedures.
  • Assesses compliance with applicable laws, regulations and policies.
  • Ascertain the extent of compliance with company policies and procedures.
  • Track and follow up to verify corrective actions stated in the management response or as required by the Board of Directors are completed.
  • Ascertain the reliability of critical data that is presented to the Board.
• Review recent regulatory and audit reports, note any areas of criticism, and determine if appropriate corrective action is being taken.
• Report findings to members of management and to the Audit Committee, participate in the process to discuss corrective action or operating improvements at the appropriate level and evaluate the adequacy of action taken.
• Appraise the quality of ongoing operations in carrying out assigned departmental responsibilities.
• Identify efficiency and customer service issues when auditing.
• Act as a resource to other bank personnel.
• Retain copies of external CPA’s engagement letters and Letter of Comments and Recommendations and Audit Committee minutes.
• Assume additional responsibilities as requested.

Education and Experience Requirements:

Bachelor's degree or equivalent from a college/university and five or more years related experience and/or training; or equivalent combination of education and experience to perform the duties. Proven track record of managing audits and teams. Hold industry certifications such as CIA, CISA, CPA, CCBIA, and/or other relevant certifications demonstrating an advanced knowledge in banking, audit or business field.

Candidates who do not yet meet the full Audit Manager requirements/qualifications listed below may be considered at a lower level as a Lead Auditor, provided they are actively working toward the industry certifications listed above. Salary range for Lead Auditor role: $70,452 - $109,201 annually.

Skills and Qualifications:

• Ability to take a strategic approach, focused on planning, risk assessment and aligning audits with organizational goals.
• Ability to make sound and logical decisions and choose appropriate courses of action based on parameters of the situation; initiate action and make decisions (when required) to defend decisions, findings, and actions; deal with situations of a dynamic nature which could include the modification of plans, actions, and decisions considering changing situations and circumstances.
• Ability to clearly express oneself orally and in writing using appropriate technical factors such as grammar and vocabulary, which may be used when working with colleagues and making public presentations.
• Ability to maintain a thorough understanding of bank procedures and policies. Understand the goals of the business, the control practices usually necessary to achieve them, and the type of evidence that indicates they will continue to be achieved.
• Ability to work alone, with minimum supervision. Ability to serve on teams as a leader or supporting member (depending on situation).
• Ability to maintain confidentiality regarding all customer and employee information.
• Ability to handle the pressure of a fast paced and volatile environment assessing critical functions of the bank.
• Strong coaching skills and an ability to deal effectively and tactfully with bank personnel at all levels, with personnel from other businesses and organizations, and with community members within the service area.
• Expected to keep abreast of the latest trends and thinking in the audit and banking fields through active participation in related professional groups and to continue professional development through self-training (books, periodicals, etc.) and participation in in-house training resources/sessions and approved external courses.

Physical Demands/Conditions Requirements:

The job tasks and 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 as appropriate to enable individuals with qualified disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and/or stand, write, type, speak, and listen. The employee may occasionally be required to stand, walk, reach, stoop, kneel, or crouch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color and peripheral vision, depth perception and ability to adjust focus. Ability to sit at desk and work on computer.

Occasional travel for business and/or training purposes is required.

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Baker Boyer believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. This position description is designed to outline primary duties, qualifications and job scope, but not limit our employees nor the organization to adjust the work identified. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of the company.

Baker Boyer is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.

Equal Opportunity Employer
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