Job Description
Summary: The Internal Auditor will play a crucial role in ensuring the integrity, efficiency, and compliance of our Bank. This position is responsible for independently evaluating the adequacy and effectiveness of the Bank's internal controls, risk management practices, and governance processes. This role makes recommendations to improve and strengthen internal controls and operating procedures. It supports the Audit & Risk Committee and executive management by providing objective assurance and advisory services designed to improve operations, ensure regulatory compliance, and safeguard the Bank's assets.
Primary Responsibilities and Duties: Audit Planning & Execution - Execute the risk-based internal audit plan approved by the Audit & Risk Committee
- Conduct audits of operational, financial, and compliance activities
- Assess the design and operating effectiveness of internal controls, policies, and procedures
- Identify control weaknesses, regulatory gaps, and process improvement opportunities
- Prepare clear, concise audit workpapers in accordance with professional standards
Reporting & Follow-Up - Draft audit reports that clearly communicate findings, root causes, risk ratings, and recommendations
- Present audit results to management and assist with response development
- Track management action plans and perform follow-up testing to validate remediation
- Escalate unresolved or high-risk issues appropriately
Regulatory & Compliance Support - Evaluate compliance with applicable laws and regulations as it relates to safety and soundness.
- Support regulatory examinations by coordinating audit materials and responding to examiner inquiries
- Monitor regulatory guidance and emerging risks impacting audit coverage
Risk Management & Advisory Activities - Participate in risk assessments and contribute to enterprise risk management initiatives
- Provide advisory support on new products, services, systems, and process changes
- Assists the Chief Risk & Data Officer in overseeing third party audits and reviews. This would include external audits and regulatory exams.
- Coordinates the loan and deposit confirmation process with external auditors.
Professional Standards & Governance - Perform audit work in accordance with IIA Standards and the Bank's Internal Audit Charter
- Maintain independence and objectivity in all audit activities
- Promote a strong control culture and ethical conduct throughout the organization
Qualifications: - Bachelor's degree in accounting, finance, business, data analytics, or related field.
- Minimum of 3-5 years of experience in internal audit, public accounting, banking, or financial services
- Experience in a regulated financial institution strongly preferred
- Exceptional interpersonal, communication, and organizational skills.
Knowledge & Skills: - Strong understanding of banking operations, internal controls, and regulatory requirements
- Familiarity with risk-based auditing methodologies
- Ability to analyze complex processes and identify control gaps
- Excellent written and verbal communication skills
- Ability to collaborate and develop relationships across the bank.
- Proficiency with Microsoft Office and audit management tools
- High degree of professionalism, integrity and discretion
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