Reporting to the VP (or Managing Director), Bank, the Audit Director, Bank has responsibility for the coordination and management of independent and objective assurance activity designed to improve the bank’s operations by evaluating and improving the effectiveness of risk management, control, and governance processes. This position is also responsible for liaising with the bank’s risk management functions, external co-sourcing provider, and regulators.
Manage a co-sourced team of internal audit professionals ensuring work is performed in accordance with IIA standards and is consistent with IAD’s Charter and Policies and Procedures.
Direct and supervise the design and successful execution of bank audits and provide strategic and proactive oversight and consultation in identifying risk exposures and in evaluating solutions for internal control weaknesses and regulatory compliance issues.
Review internal audit work papers, including planning documents and audit reports, to ensure clear identification and communication of risks and issues prior to presentation to senior management.
Maintain business relationships with appropriate levels of management ensuring Internal Audit is aware of key changes to business activities and objectives for appropriate response.
Continuously monitor for changes in the business that may affect the risk environment and, therefore, require possible changes to the audit plan or to the scope of planned audits.
Identify themes, trends, and emerging risks for escalation and communication to executives, audit, and risk committees.
Provide a thoughtful, risk-based perspective of the bank and help oversee all parts of the internal audit program including, but not limited to, risk assessment, audit plan development, audit plan execution, continuous monitoring, and project reviews.
In coordination with the IT audit team, promote the increased use of data analytics techniques to evaluate large data sets for trends and anomalies.
Address issues during the internal audit process by gathering facts, developing potential solutions, determining the best solutions, and implementing an action plan to solve the problem.
Participate in presentation and issuance of audit issues to appropriate management personnel, assist with follow-up, exit meetings and conflict management.
Evaluate the adequacy and timeliness of management's response and the corrective action taken on all significant weaknesses noted in the report.
Participate and/or lead special audits as requested by Executive Management or the Audit Committee according to the Internal Audit Charter and Policies and Procedures.
Participate in departmental strategic initiatives and projects, as requested by the VP (or Managing Director) and/or EVP of Internal Audit.
What you have:
10+ years of financial services-related audit experience with increasing responsibility. Bank specific internal audit and/or similar Big 4 Accounting or regulatory experience a plus.
Demonstrated experience managing internal audits and their associated team members, amongst a complex operational and regulatory environment.
Advanced knowledge in traditional bank products, including mortgage lending, deposit products and operations and Trust activities.
Ability to lead a project team and cultivate a strong working relationship with external co-sourcing provider, regulators, and internal lines of businesses.
Demonstrated ability to influence management and affect change in the organization.
CPA, CIA, CFSA or other applicable financial services and/or risk management certifications preferred (or commitment to gain certification upon hiring).
Stays current on industry and regulatory issues and best practices for assigned areas; imparts this knowledge to the team and the auditees.
Demonstrated proficiency in bank regulations, regulatory expectations and related industry standards.
Excellent analytical skills, including the ability to anticipate issues and to design appropriate solutions.
Strong verbal and written communication skills with a demonstrated ability to articulate effectively and professionally.
Leverages relationships and insights to successfully influence others. Builds authentic and trusted relationships to create alignment and support.
Thrives on initiating, building and cultivating strong relationships inside and outside advancing the goals and the future of the company; highly collaborative; comfortable with debate and willing to challenge the status quo; navigates and activates alignment across organizational silos and upward through the Management hierarchy.
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