Audit Quality & Assurance Manager

Overview

A growing financial institution is seeking a Risk Assurance Manager to oversee its outsourced internal audit program. This is a quality assurance and process oversight role, not an audit execution position. The ideal candidate is detail-oriented, strong with documentation, and comfortable managing third-party auditors, reviewing workpapers, tracking issues, and ensuring audit deliverables meet regulatory and internal standards.

This position is best suited for someone who enjoys process ownership, audit review, and issue tracking, rather than performing audits themselves.

Key Responsibilities

• Provide oversight and due diligence of outsourced internal audits, reviews, and model validations.
• Coordinate the full outsourced audit process: planning, document collection, deliverable review, and timeline management.
• Review audit workpapers, findings, scopes, and recommendations for accuracy and alignment with internal standards.
• Lead the annual internal audit risk assessment and assist in developing the annual audit plan.
• Maintain audit and issue tracking within audit software; follow up with management on remediation timelines.
• Validate closure of issues identified by external audit providers and regulators.
• Perform independent QA reviews of outsourced internal audit work.
• Support the Chief Compliance & Risk Officer on enterprise compliance and operational risk program activities.
• Ensure compliance with regulatory requirements, including OCC, FDIC, FRB, and BSA/AML expectations.
• Perform additional oversight duties as needed.

Qualifications

• 5 years of experience in banking, internal audit, or risk management within financial services.
• Strong background in audit review, documentation quality, and process oversight.
• Prior experience with outsourced internal audit models or third-party model validations preferred.
• Bachelor’s degree in Accounting, Finance, or related field (preferred).
• Working knowledge of the IIA Standards, OCC/FDIC/FRB exam guidance, and SOX 404 is a plus.
• Excellent organizational skills with the ability to manage multiple audits, issues, and deadlines.
• Strong written and verbal communication skills; ability to interface with all levels of management.
• Able to work both independently and collaboratively in a deadline-driven environment.