What are the responsibilities and job description for the Internal Audit Clerk position at First National Bank of Fort Smith?
Internal Audit Clerk
Job TitleInternal Audit Clerk
Job DescriptionPOSITION SUMMARY
Plan and execute internal financial and operational audits according to professional auditing standards to determine effectiveness, efficiency, and compliance with banking policies as well as state and federal regulations.
ESSENTIAL FUNCTIONS
Reasonable Accommodations Statement
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Essential Functions Statement(s)
Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
Examine the minutes of meetings of directors, stockholders and committees to investigate the specific authority extended at various levels of management.
Prepare reports, exhibits and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.
Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
Review audit reports of external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
Work with other examiners in the financial examination process.
Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
Participate in formal and informal meetings with bank directors, trustees, senior management, counsels, outside accountants and consultants to gather information and discuss findings.
Verify and inspect cash reserves, assigned collateral and bank-owned securities to check internal control procedures.
Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.
POSITION QUALIFICATIONS
Competency Statement(s)
Accountability - Ability to accept responsibility and account for his/her actions.
Accuracy - Ability to perform work accurately and thoroughly.
Analytical Skills - Ability to use thinking and reasoning to solve a problem.
Autonomy - Ability to work independently with minimal supervision.
Communication, Oral - Ability to communicate effectively with others using the spoken word.
Communication, Written - Ability to communicate in writing clearly and concisely.
Detail Oriented - Ability to pay attention to the minute details of a project or task.
Ethical - Ability to demonstrate conduct conforming to a set of values and accepted standards.
Financial Aptitude - Ability to understand and explain economic and accounting information, prepare and manage budgets, and make sound long-term investment decisions.
Honesty / Integrity - Ability to be truthful and be seen as credible in the workplace.
Initiative - Ability to make decisions or take actions to solve a problem or reach a goal.
Organized - Possessing the trait of being organized or following a systematic method of performing a task.
Reliability - The trait of being dependable and trustworthy.
Self Motivated - Ability to be internally inspired to perform a task to the best of ones ability using his or her own drive or initiative.
Time Management - Ability to utilize the available time to organize and complete work within given deadlines.
SKILLS & ABILITIES
Education: Bachelor's Degree (four-year college or technical school) Required, Field of Study: Accounting or Finance Degree or in process of obtaining degree
Experience: One-year related experience preferred
Computer Skills: Proficient in Excel and Word; Cognos Query writing experience preferred
Other Requirements: Willing to attend Audit School to obtain Bank Audit Certification/s
PHYSICAL DEMANDS
N (Not Applicable)
Activity is not applicable to this position.
O (Occasionally)
Position requires this activity up to 33% of the time (0 - 2.5 hrs/day)
F (Frequently)
Position requires this activity from 33% - 66% of the time (2.5 - 5.5 hrs/day)
C (Constantly)
Position requires this activity more than 66% of the time (5.5 hrs/day)
Physical Demands
Lift/Carry
Stand
O
Walk
O
Sit
F
Manually Manipulate
F
Reach Outward
O
Reach Above Shoulder
O
Climb
N
Crawl
N
Squat or Kneel
O
Bend
O
Grasp
O
Speak
F
10 lbs or less
O
11-20 lbs
N
21-50 lbs
N
51-100 lbs
N
Over 100 lbs
N
Push/Pull
12 lbs or less
O
13-25 lbs
N
26-40 lbs
N
41-100 lbs
N
WORK ENVIRONMENT
An office environment in a controlled atmosphere building
Basic QualificationsBachelor's Degree in Accounting or Finance or in process of obtaining degree
One year related experience preferred
Computer Skills
Proficient in Excel and Word; Cognos Query writing experience preferred
Salary : $29,500 - $37,300