Responsible for directing a comprehensive internal audit program in all phases of banking and non-banking operations; planning and conducting financial, operational, and compliance audits to determine the adequacy of the financial institution’s systems of internal control and the degree of compliance with those controls; evaluating compliance with generally accepted accounting principles (GAAP) as well as applicable federal and state laws and regulations; conducting special investigations as requested; making recommendations for improvement in business processes including controls, operating procedures, accounting records, and system design; managing administrative and budgetary functions within the Internal Audit Department; interacting with members of senior management and the Audit and Risk Committee; and performing other related duties as assigned.
- Routinely employs strategic and tactical planning methods to drive the sophistication and complexity of Internal Audit operations. Desired result is goal congruence with organizational objectives.
- Manages all aspects of the internal audit program, including developing and updating the internal audit charter, department procedures, ongoing assessment of business risks, a risk-based annual audit plan, and an audit methodology that mirrors current, professional internal audit standards.
- Directs execution and completion of internally performed and outsourced audits as specified in the annual audit plan or as circumstances require.
- Makes effective and cost-efficient suggestions for improving the organization’s key business processes, including operational, accounting/finance activities, and internal controls.
- Stays informed regarding strategic initiatives, new products and services, organizational changes, and changes in the Bank’s risk profile and adjusts audit approach and plan accordingly.
- Leads the Internal Audit function by exhibiting the independence and objectivity of the department, while acknowledging the crucial need to serve as a reliable and valuable business partner to key stakeholders.
- Provides ongoing evaluation of systems of internal control and performs a quarterly review of internal controls certifications prepared by management, a summary of which is reported to senior management and the Audit and Risk Committee to augment compliance with Section 302 of the Sarbanes–Oxley Act.
- Coordinates activities related to Internal Audit including discussions with management, preparation of reports, review of management responses and monitoring of resolution of outstanding findings from internal/external audit reports and regulatory exams.
- Reports to Audit and Risk Committee in accordance with the committee charter.
- Addresses fraud risk by identifying and designing anti-fraud criteria and controls.
- Coordinates activities with external auditors to support their audit and review procedures.
- Cultivates and maintains rapport with all vital stakeholders: members of the Audit and Risk Committee; executive management; external auditors; and supervisory authorities.
- Partners with the CRO, LOBs, and business process management in maintaining a comprehensive enterprise risk management program.
- Collaborates with Legal and Human Resources associates in investigating whistleblower complaints and other sensitive matters.
- Provides training and coaching to Internal Audit personnel and timely performance evaluations.
- Employs skill sets modeling (including IT) for customized staff development.
- Uses balanced scorecard methodology for periodic, comprehensive reporting of Internal Audit activities that features performance metrics, benchmarking, and stakeholder feedback.
- Obeys all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA)