Job Summary

The Senior Corporate Auditor supports the Corporate Senior Audit Manager in the completion of the annual audit plan by planning and conducting corporate internal audits, performing audit in-charge responsibilities, and conforming to the Internal Audit Charter and Standards.  Corporate internal audits include Finance & Accounting, Investments, Credit Administration, Human Resources, Model Risk Management, Vendor Management, Enterprise Risk Management, Corporate Governance and Strategy, Asset Liability Management, IRR, Liquidity, Capital Planning, Peer Analysis, Capital Ratio and Stress Testing. 

Essential Duties 

• Plan, execute, and report on results of assigned audits, including the following:
  • Develop and/or update audit programs, checklists and/or guides
  • Design, perform and document internal controls walkthroughs and testing to assess the adequacy and effectiveness of controls, compliance with laws and regulations, and efficiency/effectiveness of operations.
  • Prepare process narratives, flow charts and descriptions of internal controls
  • Prepare comprehensive, clear, and concise audit work paper documentation that is free of grammatical errors
  • Compile and analyze audit issues identified in the audit
  • Identify improvement opportunities and develop recommendations for corrective/improvement action plans
  • Review work of assigned auditors
  • Prepare audit reports
  • Conduct meetings with management upon commencement and completion of engagements to discuss scope and significant audit issues
• Effectively perform audit in-charge responsibilities (i.e. planning, work paper documentation, report preparation, etc.)
• Effectively utilize down time, identify issues requiring research, and effectively research using appropriate resources
• Assist with various corporate level work efforts including the annual FDICIA testing requirement and the annual risk assessment update Complete all assignments within established timetables to enable the issuance of all audit reports and other deliverables by the applicable deadlines
• Develop and maintain collaborative working relationships with management, learning and understanding the business to better provide value-added services, help management achieve objectives, and enhance customer satisfaction
• As directed by the Corporate Senior Audit Manager, assist external auditors and regulators in the execution of their audits/examinations
• Maintain appropriate knowledge of corporate areas
• Perform special projects at the request of Corporate Senior Audit Manager
• Maintain a professional development plan to continually develop audit skills

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department.  Completes compliance and other technical training workshops as assigned.

Non-Essential Duties 

• Provide periodic feedback to staff corporate auditors
• Be familiar with Bank’s practices, policies, and culture
• Perform other duties as assigned

Basic Knowledge, Skills and Abilities 

• Sound judgment, integrity and commitment to ethical behavior
• Ability to maintain confidentiality and treat sensitive information with discretion
• Excellent interpersonal and communication skills
• Understanding of internal auditing standards, COSO, and risk assessment practices, audit principles, and awareness of IIA Standards for the Professional Practice of Internal Auditing 
• Proficient with MS Office products
• Strong analytical skills and attention to detail
• Ability to work independently, with limited direction and guidance
• Detail oriented, accurate, and organized
• Strong time management skills

Equipment Operated 

• Desk top Computers 
• Standard Office Equipment  

Physical Requirements & Work Environment 

• Requires sitting for prolong periods of time
• Requires lifting up to 10 pounds
• Hybrid work schedule (2 days onsite / 3 days remote)
• Office setting w/controlled temperature 
• Requires periodic travel to local offices/branch locations

Education and Experience 

• BS or BA Degree required, preferred majors in Accounting, Business Administration, Finance, or Economics or equivalent work experience required
• Five or more years of banking experience required in:        internal audit, public accounting, risk management, regulatory agency or related experience
• Regional banking experience strongly preferred; experience should include corporate areas
• Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Security Auditor (CISA) or other related certification required
• Experience with audit software preferred 
• Supervisory experience preferred
• Experience in data analytics preferred
• Experience with IT General Controls (ITGC) a plus
• Working knowledge of Jack Henry (Silverlake/Xperience), COGNOS a plus

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.

November 11, 2023