Deputy Chief Audit Officer

The Deputy Chief Audit Officer (DCAO) supports the Chief Audit Executive in leading the internal audit function, ensuring compliance with regulatory requirements, and enhancing organizational effectiveness through risk management and control processes. This role involves overseeing audit planning, execution, and reporting, while collaborating with senior management to identify and mitigate risks.

By joining our team, you’ll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.

Essential Job Functions: 

1. Assist in developing and implementing the internal audit strategy, policies, and procedures.
2. Project management of audit plan execution- status review, escalations, reporting
3. Lead and manage audit teams in executing audits.
4. Conduct risk assessments and develop audit plans based on identified risks and priorities.
5. Ensure audits are conducted in accordance with professional standards and regulatory requirements.
6. Prepare and present audit findings, metrics and recommendations to senior management and the audit committee.
7. Monitor and track the implementation of audit recommendations and management responses.
8. Issues management tracking
9. Serve as an advisory function to business partners by identifying ways to communicate audit findings or opportunities for enhancements with the goal of mitigating risk. 
10. Oversee the Sarbanes-Oxley (SOX) controls testing
11. Oversight of Co-Source partner relationships.
12. Assist with Budget vs Actual hours and cost reporting
13. Provide quality assurance – quarterly audit reviews, track core competencies and training
14. Foster a culture of continuous improvement by identifying opportunities to enhance internal controls and processes.
15. Execute on strategic initiatives – Regulatory obligations tracking, implementation of new IIA standards, strategic plan, review audit committee charter and audit mandate. 
16. Stay updated on industry trends, regulations, and best practices in internal auditing.
17. Build and maintain strong relationships with key stakeholders across the organization.
18. Promote new ideas for executing projects and internal enhancements focused on process and technology improvements. 
19. Mentor and develop audit staff to enhance their skills and career growth.

1. Perform other duties as directed.
2. Implement data analytical procedures within audit procedures and continuous monitoring tools.

Knowledge, Skills and Experience Requirements:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; Master’s degree or MBA preferred or equivalent experience
• Professional certification (CPA, CIA, CISA, or equivalent) is required.
• Minimum of [10-13] years of experience in internal audit, with [3] years in a leadership role.
• Strong knowledge of audit methodology, risk management practices, and regulatory compliance.
• Excellent analytical, problem-solving, and communication skills.
• Strong data analytical skills including machine learning / AI
• Proactive, multi-tasking, deadline driven, operate with sense of urgency 
• Ability to lead teams and manage multiple projects simultaneously.
• Proficient in audit software, Microsoft Office Suite, PowerPoint presentations and Excel.