Internal Audit Director - Midtown Financial Center

Position Summary

The Internal Audit Director provides direction and oversight of the Bank's Internal Audit Program in accordance with the Internal Audit Charter as approved by the Board. The Internal Audit Director serves as an Ethics Officer for the Bank.

The following duties are intended to provide a representative summary of the major duties and responsibilities and ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional duties.

Essential Duties and Responsibilities

1. Continuously monitor and evaluate bank activities and operations for compliance, operational, financial and reputational risks.
2. Provide independent and objective insight and advice to management and executive leadership on risks, bank activities, operations, and opportunities and internal controls.

1. Prepare and implement a risk-based audit work plan that addresses critical bank processes and compliance requirements.
2. Monitor and evaluate emerging regulatory and industry issues and update audit programs and procedures as appropriate.
3. Develop meaningful recommendations for management to improve internal controls, operational efficiency, and correct deficiencies.
4. Provide direction, guidance, training and coaching to Internal Audit Department staff to ensure audit planning, test work and documentation meet internal audit standards and audit results provide appropriate assurance and value.
5. Provide regular reports to the Audit Committee that include department activities, internal audits and reviews, and external audits, and any other matters as appropriate.
6. Monitor and report on the status of management's action plans developed as a result of internal audit, external audit and examination findings and recommendations.

1. Collaborate with Human Resources Director to review and update the Code of Business Conduct and Ethics.
2. Complete online, written and in-person compliance training within established timeframes.
3. Other duties as assigned.

Supervisory Responsibilities

• Carry out supervisory responsibilities in accordance with the company policies and applicable laws. Responsibilities include scheduling hours, interviewing and training employees; planning, assigning, and directing work; conduct performance evaluation; working with HR to address work related issues.
• Ensure employees complete compliance training within established timeframes; understand and implement compliance requirements applicable to their positions.

Qualifications

Education

Experience

• Ten years of combined external and internal audit experience including five years of banking, other financial services, or related regulatory agency audit experience. Five years of supervision and management responsibilities.
• Related military education/experience may be used as a substitute for education or work experience.

Licenses & Certifications

Knowledge & Communication Skills

• In-depth knowledge of generally accepted auditing standards and techniques, accounting principles, financial services industry laws and regulations, and internal control frameworks.
• In-depth knowledge of the Institute of Internal Auditors International Professional Practices Framework
• Able to recognize and evaluate fraud risks and fraud indicators.
• Effective oral and written communication with personnel at all levels within and outside the organization, including management, executives, the Board of Directors and Committees Bank auditors and examiners.
• Ability to evaluate and synthesize complex information and data and present it effectively in a clear concise manner that is appropriate to the audience.
• Advanced technical writing skills.
• Must understand and have the ability to implement applicable compliance requirements.

Analytical & Decision Making Skills

• Must be thorough, detail oriented and have strong analytical skills.
• Advanced problem-solving skills as demonstrated by practical, creative solutions to unique situations.
• Distinguish between significant, moderate, and low risk matters when evaluating results and making recommendations.
• Able to critically examine, interpret and evaluate financial data, non-financial information, business objectives, risks and internal controls.
• Identify internal control weaknesses, operational inefficiencies, unnecessary risk, and compliance violations and make practical recommendations for corrective action.

Computer/Software/Other Equipment Skills

Working Conditions

• The noise level in the work environment is usually moderate.
• Work is performed in a professional office environment.