Summary of Position: (Includes primary objectives and responsibilities critical to the successful performance of the position.) Provides independent, objective assurance and advisory services that add value and improve the Bank’s operations. Executes a risk-based audit program to evaluate governance, risk management, internal controls, and regulatory compliance across a $1B community bank. Reports functionally to the Audit Committee and administratively to the CEO/President. |
Key Job Functions: (Includes current duties, primary objectives, and responsibilities which are critical to the successful performance of the position.) - Develop and maintain an audit universe and annual risk assessment; prepare a risk-based Internal Audit Plan and time budget for Audit Committee approval.
- Plan and perform audits across all significant Bank functions (credit, deposit/branch operations, treasury, financial reporting, compliance/BSA, IT/cybersecurity, and third-party/vendor management) based on risk and regulatory expectations.
- Define audit objectives, scope, and testing plan; conduct entrance and exit meetings with management.
- Test and evaluate internal controls, risk management practices, and compliance with applicable laws, regulations, and Bank policies/procedures.
- Document audit work performed and maintain complete workpapers and audit programs in accordance with Internal Audit standards and regulatory expectations.
- Identify control deficiencies, assess risk/severity, determine root cause, and develop practical recommendations.
- Prepare clear audit reports summarizing scope, results, and agreed-upon management action plans; communicate and present key issues to management and the Audit Committee.
- Monitor and validate management corrective actions; maintain an issue tracking and follow-up process and report status to management and the Audit Committee.
- Coordinate with external auditors, regulatory examiners, and internal risk/compliance functions, as appropriate, to leverage work, reduce duplication, and support examinations.
- Coordinate and oversee co-sourced/outsourced audit resources (e.g., IT/cyber reviews), including scoping and evaluation of deliverables.
- Provide independent advisory support on new products, system implementations, process changes, and significant vendor relationships while avoiding operational responsibility.
- Maintain confidentiality and independence, avoid conflicts of interest, complete continuing professional education, and perform other duties as assigned by manager.
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Qualifications: - High integrity with the ability to maintain confidentiality and exercise independent judgment.
- Knowledge of internal auditing standards and risk-based audit methodology; understanding of internal control concepts (e.g., COSO).
- Working knowledge of community banking operations and key regulatory requirements (safety and soundness, consumer compliance, and BSA/AML).
- Strong analytical and problem-solving skills, including the ability to interpret information and identify trends.
- Strong written and verbal communication skills, including the ability to present audit results to senior management and the Audit Committee.
- Proficiency with Microsoft Office (especially Excel) and the ability to learn audit/workpaper tools.
- Ability to travel to Bank locations as needed.
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Education and Experience: - Bachelor’s degree in accounting, finance, business, or a related field required.
- 5 years of audit experience within financial services (internal audit, public accounting, regulatory, or similar) preferred.
- Professional certification (CPA, CIA, CISA, or similar) preferred; or willingness to pursue certification and continuing education.
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Physical Demands: These physical demands are generally representative of the position. - Hearing, speech, close vision
- Sitting, including computer use
- Driving with own transportation to other branches for meetings/workshops
- On occasions, may be required to lift and/or move up to 25 pounds
- Job responsibilities may include standing, walking, lifting, kneeling, and crouching
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