Director of Internal Audit

Job Description:

TS Banking Group is seeking to hire a Director of Internal Audit. This role is responsible for leading and overseeing the entire audit function of the company. The Director engages and collaborates with all areas of the company in designing, implementing and evaluating risk management practices.

Preferred Education and experience: Bachelor's degree plus a minimum of five to ten years of relevant business experience. Professional certifications preferred, such as CPA, CIA. Knowledge of COSO, IAA, AICPA, and other professional standards.

Location: Treynor - Hybrid or Remote

Experience and Skills:

• Evaluate audit findings and prepare audit reports
• Undertake risk-based audit assessments in line with the prescribed audit strategy
• Lead the execution of the annual risk-based audit plan
• Provide advice on internal control, and participate in enhancing internal audit standards and practices
• Maintain the independence of the audit practice and its personnel
• Contribute to the development of an annual audit plan, working with other audit groups as required, ensuring that audits conform to local and global regulatory and internal audit requirements
• Develop audit reports that are insightful and provide a fair and balanced assessment of management and control processes, based upon critical assessment of their effectiveness
• Conduct internal audits to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight
• Identify trends in risk and control issues to senior management from the findings of ongoing reviews of the business
• Comply with all banking and company regulations, policies, and procedures.
• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• To effectively perform the job, must have reliable transportation to travel to and from work and other work-related events, meetings, interactions with clients, etc.
• Ability to operate the following: telephone, personal computer, printer, copy machine, fax machine. Working knowledge of word processing, spreadsheet, and database software programs. Advanced PC knowledge beneficial.
• Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to effectively present information and respond to questions from employees of company and the general public. Must possess good communication skills. Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
• Position may require the ability to work before or after normal business hours, including weekends and overnight travel, to meet required deadlines and attend meetings and/or training programs.
• Ability to perform all other duties as assigned.
• Directly supervises assigned employees and performs administrative duties associated with staff management (e.g., trains employees, delegates work and ensures the completion of same, prepares and publishes work schedule, reviews and approves timesheets, coaches and counsels employees, prepares performance evaluations and conducts evaluation meetings, conducts staff meetings, makes salary and promotional recommendations, participates in recruitment, interview, and hiring process, administers progressive discipline, takes action regarding departmental activities and staff, approves/disapproves requests for leave time, notifies employees of mandatory training and bank meetings). Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Conducts risk-based audit assessments, designed to identify key risks that may arise from activities.
• Responsible for evaluating audit findings and working with business units to develop appropriate risk management strategies.
• Plays a critical role in the governance of the company, aiding in successful integration of strategy and risk management.
• Serves as an advisor to the company in identifying emerging risks and utilizing current risk management best practices.
• Responsible for the company’s audit capability and execution, including development of an audit strategy that is risk-based and aligned with company strategy and supports significant initiatives.
• Drives the risk-assessment process in developing the audit plan; schedules and executes planning, fieldwork, report issuance and issue tracking for planned audits.
• Collaborates with all company stakeholders in determining resolution of reported issues, ensuring appropriate risk management practices are employed.
• Sets policy and procedures for the audit function, ensuring continuous improvement of audit methodologies and practices.
• Maintains and expands comprehensive knowledge of enterprise risk management and audit techniques and principles.
• Continuously analyzes emerging strategic, financial, operational and compliance risks for potential impact to execution of the company’s strategic plan, advising on policy, procedure and/or system changes necessary to appropriately address the risk
• Partner with all areas of the company during new product development, ongoing product reviews and business process improvement initiatives, advising on integration of risk management practices into the initiative, identifying areas and processes for improvement, and proposing recommendations.
• Serves on company committees and cross-functional teams, providing risk management thought leadership.
• Leads the company’s Board Audit Committee meetings; provides reporting of the audit function and advises on risk management practices to the committee.
• Serves as the primary point of contact for external audits and regulatory exams.
• Assists in initial development of Internal Control over Financial Reporting documentation and internal control identification. Oversees continuous reviews of company internal control documentation and provides assurance internal controls over financial reporting are designed and operating effectively.

Qualifications and Experience

• Bachelor’s degree required plus a minimum of five to ten years of relevant business experience. Professional certifications preferred, such as CPA, CIA. Knowledge of COSO, IAA, AICPA, and other professional standards.
• Audit Methodologies
• Audit Techniques
• Auditing Standards
• Bank Compliance Standards
• Banking Industry
• Enterprise Risk Management (ERM) (Advanced)
• Generally Accepted Accounting Principles (GAAP) (Advanced)
• Internal Control Frameworks (Advanced)
• Regulatory Requirements (Advanced)
• Risk Management Frameworks (Advanced)

#tsbankinggroup

Benefits

Competitive benefits package:

• Health and dental insurance
• Life insurance package
• Generous PTO and holiday package
• 401K contribution and match
• Professional development expense allowance
• Gym membership reimbursement
• Tuition reimbursement
• Paid volunteer time off (VTO)
• Wellness program