Director of Audit

Responsible for directing and administering the internal audit function by developing an annual Audit Plan which meets internal auditing and regulatory standards and fulfills objectives established by the Audit Committee. Directs independent internal audits of the Bank activities to evaluate the adequacy and effectiveness of the system of internal control and operating procedures. Appraises the fairness and reliability of financial records and information for internal management purposes. Determines compliance with laws, regulations and operating procedures. Monitors overall risk management practices established by management and evaluates the adequacy of procedures for safeguarding assets and prevention and detection of loss. Promotes the quality and efficiency of ongoing operations.

Principal Duties & Responsibilities:

Oversees the internal audit function by establishing overall goals and objectives and setting work standards.

• Plans and schedules audits of the books, records and operations of the bank, branches, subsidiaries and holding company to meet departmental objectives, regulatory requirements, professional standards and objectives of the Audit Committee.

• Ensures that the allocation of audit staff time provides appropriate audit coverage commensurate with risk exposure.

• Performs final review of audit work papers prepared by staff auditors to ensure they meet professional standards and support conclusions reached during the field work.

• Reviews and edits final internal audit reports to management to ensure that findings and recommendations developed during the audits in Corrective Action Plans are communicated appropriately to management and the Audit Committee. Evaluates management responses for adequate corrective action.

• Manages Audit Committee meetings including responsibility for establishing agenda for meetings to ensure that the Committee performs duties that are required by regulatory authorities. Communicates results of internal audit activities to the Audit Committee.

• Responsible for training, counseling, evaluating performance, making employment, promotion and salary recommendations and supporting and implementing personnel policies for the department.

• Consults with management as requested on issues of operating procedures, internal controls and risk management. Serves as a non-voting member of various Bank committees including but not limited to, Enterprise Risk Committees, Technology Steering Committee, Credit Committee, Trust Committee and Community Reinvestment Act Committee.

• Works with bank examiners in order to assist with examinations by ensuring that requested information, other than lending, is provided during various examinations. Coordinates management responses to the examination findings as necessary.

• Manages engagement and activities of the independent audit consultant for Information Systems audits to ensure appropriate coverage to meet regulatory requirements and provide reasonable audit coverage. Presents results to the Audit Committee.

• Coordinates activities with independent external auditors and provides appropriate audit staff support in order to maximize efficiency.

• 8-10 years of experience in internal auditing or regulatory examination with thorough knowledge of practices, principles and inter-relationships of banking functions and activities, credit, capital markets and wealth management.
• 2-4 years of direct team management experience leading and directing work with both internal and external partners in a highly collaborative environment.

• Broad and comprehensive experience in Audit theory, internal audit principles with demonstrated experience in audit examining, analyzing, assessing, and drawing conclusions from audit work.

• Demonstrated experience effectively communicating and challenging Controls with business partners and influencing business outcomes.

• Strong regulatory requirements and risk framework knowledge and other relevant guidelines governing credit, liquidity, interest rate and fiduciary risks.
• Advanced PC skills including working knowledge of TeamMate, Word and Excel
• Experience in creating process documentation, developing audit plans, and performing audits.
• Ability to plan, execute and evaluate audit test plans within a risk based audit methodology.
• Knowledge of internal controls, financial terminology and bank documentation requirements.
• Experience in assessing financial models and knowledge of testing effectiveness and recommending improvements.
• Ability to communicate with various levels of staff and management.
• Ability to manage scheduling and deadlines.

Licenses & Certifications:

• CIA, CPA, CIFRS, CFA, CRMS, AMLCA, CFE, CISA, CISM, or other relevant audit or risk certification is required.

• Bachelor's Degree in Accounting, Finance, Information Technology, Economics, Business Administration, or related field.
• Mater's Degree in Accounting, Finance, Information Technology, Economics, Business Administration, or related field.

• Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
• Please view Equal Employment Opportunity Posters provided by OFCCP here.
• The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
• Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.

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