Internal Audit Manager

Overview

Community of Resources (COR) is a division of Merchants and Marine Bank, which has been proudly serving the communities along the Gulf Coast since 1899. At COR, we are the heartbeat of our family of brands, which includes multiple companies. We provide operational, information technology, and risk mitigation services to our brands within the Merchants & Marine Bancorp ecosystem, a well-established holding company with a staff of approximately 225 employees. We are committed to providing exceptional banking services for our customers and fostering a positive work environment for our employees.

Job Purpose

The Internal Audit Manager position is responsible for overseeing the Audit Department and conducting audits of financial and operational processes to ensure compliance with company policies and procedures and federal and state laws/regulations. This position is also responsible for developing and implementing comprehensive audit plans and conducting thorough assessments to identify areas of potential risk and opportunities for improvement. Collaborating closely with executive management, this position will help develop strategies to address audit findings and strengthen internal controls, contributing to the overall success and compliance of the company.

Duties and Responsibilities

• Develops, plans, and oversees all phases of internal audit activities, to include but not limited to, planning, fieldwork, issue and process management, reporting, and continuous monitoring
• When necessary, manages resources and leads a team of auditors, providing support, mentoring, guidance, and assistance
• Ensures that issues of internal control are considered during reviews and in the development of new policies, procedures, and processes
• Develops, prepares, and reviews comprehensive workpapers for each area reviewed, including detailed process narratives and written reports
• Identifies issues and deviations from standard procedures and applicable laws and regulations and prepares written reports, summarizing findings and recommendations to report to appropriate channels
• Assists independent auditors and regulatory examiners in their respective examinations
• Provides recommendations for policy, procedure, and practice improvement
• Monitors the implementation of audit recommendations to ensure corrective action is effective and timely implemented
• Thorough knowledge and understanding of industry best practices, auditing standards, and relevant regulatory changes to enhance audit quality and effectiveness
• Participate in continuing professional development to enhance internal audit processes
• Exercises intellectual curiosity; prudent judgment; and sound knowledge of product, business, and technical expertise to effectively identify areas of risk, influence and challenge management to improve the control environment
• Liaison between Board-level committees, executive management, departments, divisions, auditors, and other appropriate third parties by building strong working relationships to gain insight, provide support, and drive continuous improvement through effective auditing processes
• Performs special projects and assignments as assigned

• At least 5 years of bank audit or examiner experience preferred
• Bachelor of Science degree in Accounting, Finance, Business Administration, or related field or equivalent experience preferred
• Thorough knowledge and understanding of professional standards
• Related certifications (CIA, CFE, CISA, CCBIA or similar) preferred or must obtain a certification between 12-24 months of employment
• Understanding of auditing principles, internal controls, risk management, and federal/state laws and regulations
• Ability to communicate effectively with management
• Self-motivated, self-directed, and attentive to detail
• Strong organizational, analytical, verbal, and written communication skills
• Ability to manage multiple tasks within deadlines in a challenging environment.
• Proficiency with Microsoft Office Suite with strong Excel skills and other system applications
• Demonstrated ability to learn, apply and teach others technical and product-related information in a professional consultative manner
• A high level of integrity, adaptability, and sense of urgency
• Experience working closely with teams and processes across multiple business lines

Qualities

• Integrity and Ethics: Demonstrates honesty and ethical behavior in all actions.
• Diligence: Ensures accuracy and thoroughness of all tasks.
• Inquisitiveness: Demonstrates curiosity and a desire to understand the details of processes and controls.
• Flexibility: Adapts to changing priorities and work requirements.

Working Conditions

• Office environment with flexibility to work remotely.
• Regular travel within the brands to visit all assigned branches as well as periodic travel to other states for business meetings and events.
• 40 hours per week, Monday through Friday - Overtime or extended hours only when necessary.
• Offsite training or conferences may be necessary, with the possibility of overnight travel.

Physical requirements

While performing the duties of this job, the employee is regularly required to sit, use hands to handle or feel and talk or hear. The employee must frequently lift and/or move up to 10 pounds and 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.

Direct reports