What are the responsibilities and job description for the Internal Auditor position at Community Financial System, Inc.?
Overview
At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration.Just as our employees are committed to helping our customers manage their finances, we're committed to our employees. After all, they make it happen for our customers every day.To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.
Responsibilities
Responsible for performing risk-based operational, financial, and compliance audits, in accordance with department methodology, applicable regulatory requirements, and the Institute of Internal Audit Global Audit Standards. This role supports the internal audit plan by executing audit procedures, evaluating internal controls, documenting work performed, and communicating results to audit management and stakeholders.The Internal Auditor works independently and collaboratively, providing objective assurance on the effectiveness of the organization's governance, risk management and internal control processes. The role also supports advisory projects, external audit coordination, and continuous improvement initiatives of the department. In alignment with the Company's and the Internal Audit Department's core values, this position must demonstrate integrity, excellence, teamwork and humility while maintaining the highest standards of ethics, independence and confidentiality.Essential Duties:
At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration.Just as our employees are committed to helping our customers manage their finances, we're committed to our employees. After all, they make it happen for our customers every day.To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.
Responsibilities
Responsible for performing risk-based operational, financial, and compliance audits, in accordance with department methodology, applicable regulatory requirements, and the Institute of Internal Audit Global Audit Standards. This role supports the internal audit plan by executing audit procedures, evaluating internal controls, documenting work performed, and communicating results to audit management and stakeholders.The Internal Auditor works independently and collaboratively, providing objective assurance on the effectiveness of the organization's governance, risk management and internal control processes. The role also supports advisory projects, external audit coordination, and continuous improvement initiatives of the department. In alignment with the Company's and the Internal Audit Department's core values, this position must demonstrate integrity, excellence, teamwork and humility while maintaining the highest standards of ethics, independence and confidentiality.Essential Duties:
- Perform risk-based internal audit procedures to evaluate the design and operating effectiveness of controls.
- Execute audit test-work and document results in accordance with the department methodology, applicable regulatory requirements, and professional standards.
- Research and develop an understanding of the audit area, including relevant business processes, policies, procedures, systems, laws and regulations; participate in engagement planning.
- Conduct audit testing in an effective and efficient manner, while monitoring progress against budget and communicating variances as appropriate.
- Prepare clear, complete and well-supported workpapers, leveraging tools provided including the audit management system.
- Apply self-review and quality control practices to ensure work is accurate, complete and ready for supervisory review.
- Identify control weaknesses, root causes and opportunities for improvement, and assist in developing practical recommendations.
- Build and maintain effective working relationships with audit clients through professional, timely and direct communication.
- Communicate questions, concerns and emerging issues to the auditor in-charge and audit management in a timely manner.
- Support the use of data analytics, automated testing techniques and other technology-enabled audit tools.
- Demonstrate working knowledge of emerging technologies, including AI enabled processes.
- Provide assistance to external auditors.
- Support advisory engagements, special projects, strategic initiatives.
- Develop in-charge capabilities and team coordination skills through progressively complex assignments, as applicable.
- Maintain proficient knowledge of and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls,