The Director of Internal Audit will be responsible for preparing and implementing a risk-based audit plan to assess, report on and make suggestions for improving the Bank's key operations, finance activities, and internal controls.Job Function:
- Develop and execute comprehensive annual audit program based on risk assessments, regulatory requirements and to provide for the evaluation of the overall adequacy and effectiveness of the Bank's embedded banking program.
- Manage, serve as liaison, coordinate, and provide assistance during external audits and regulatory examinations, including the scope and budget of outsourced work.
- Analyze data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud, or lack of compliance with laws, government regulations, and Company policies or procedures. Alert management of potential material finding immediately; prepare and submit audit findings with recommendations to management and the appropriate Board Committee.
- Effectively communicate audit results and recommendations to management and the Audit Committee, including suggestions related to improvement in internal controls and operating efficiencies.
- Report to and serve as liaison to Bank's Audit Committee; coordinate and manage meetings and duties.
- Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.
- Identifying key risks and controls, knowledge of Sarbanes Oxley readiness and controls optimization.
- Conduct transaction testing and readiness assessments as needed.
- Develop and execute a continuous audit program for fintech partners, middleware providers and direct internal risk-based bank programs.
Requirements
- Minimum of ten years of financial service-related experience
- Knowledge of nontraditional banking activities including fintech/embedded banking preferred Previous experience in public company audit required.
- CPA preferred
- Solid knowledge of internal auditing and accounting principles, risk and control principles, and regulatory requirements including Sarbanes-Oxley.
- Bachelor's degree from an accredited university in Finance, Accounting or related Business Management field.
- Solid knowledge of COSO Framework, CoBIT and/or other leading business and IT control frameworks