090 VP SENIOR INTERNAL AUDITOR MANAGER

SENIOR INTERNAL AUDIT MANAGER   JOB SUMMARY:   Functions as the lead Internal Audit Manager of the bank reporting functionally to the Audit and Compliance Committee of the Board of Directors.  Manages and supervises the internal audit and consumer regulatory compliance functions of the bank.  Assesses and reports on the adequacy and effectiveness of the system of internal controls and risk management systems, processes and practices of all banking operations.  Evaluates and reports on the adequacy and effectiveness of financial recordkeeping and compliance with laws, rules and regulations.  Provides independent advice and counsel to management on internal controls and significant risk exposures and makes recommendations to mitigate risk to an acceptable level.  Responsible for performance of an annual audit universe risk assessment, development of an annual audit plan and execution of the annual audit plan.  Responsible for conformance to the IIA’s International Standards for the Professional Practice of Internal Auditing.   KNOWLEDGE, SKILLS & PERSONAL CHARACTERISTICS REQUIRED:   College degree with good understanding of accounting, business systems, control processes, risk management and industry regulations.  Advanced degree or professional certification (e.g., CPA, CIA, CISA, CFE) are a “plus”.  Strong written and oral communication skills. Experience / knowledge with FDICIA is an essential element of the role.   High degree of interpersonal skills in the area of interviewing, negotiating, performance appraisal, motivation and communications, conveying difficult, complex and unpleasant information.   Strong knowledge of information systems , internal controls, risk management, regulatory compliance, financial analysis, and the ability to coach and develop people in the knowledge, skills and competencies needed to meet the bank’s control and strategic objectives.   Successful experience in managing internal audit and consumer regulatory compliance functions that demonstrates managerial skills of planning, organizing, directing and controlling.   PRIMARY RESPONSIBILITIES / EXPECTATIONS (Weighting cannot exceed 100%):   Job Performance Behaviors: Contributing to organization success, job effectiveness, relationships and customer satisfaction.    Contributes to effective bank management by participating positively in the development and execution of policies and strategies to achieve long and short-term goals and compliance with regulations.     Ensures that the Audit & Compliance Department is effectively staffed through proper selection, training and development of technical and managerial personnel.    Directs the activity of the Audit & Compliance Department to ensure policy is adhered to and sound controls and support processes are in place.    Support business activities to accomplish company objectives relating to profitability and risk management.     SPECIFIC DUTIES   Manages and trains staff ensuring that direct reports are properly selected, trained, developed, evaluated and motivated. Develops, maintains and executes a comprehensive internal audit function for a bank with assets over $1 billion and a trust division with assets exceeding $5 billion, based on assessment of risks identified throughout the organization. Evaluates systems of internal control and compliance throughout the organization to determine adequacy in view of company goals and objectives.  Reports findings to management and Audit and Compliance Committee, including recommendations for correcting deficiencies noted and management’s response and action plan. Responsible for assessing compliance with FDICIA, the Bank Secrecy Act, consumer protection regulations and other federal and state regulatory requirements. Oversight of the bank’s compliance program ensuring that employees are well trained in understanding regulatory requirements, policies and procedures, monitoring controls and consumer compliant response procedures. Reports to the Audit & Compliance Committee regularly regarding condition and effectiveness of the bank’s compliance management system. Assists with special projects at management’s request to ensure proper controls, risk management practices and compliance procedures are in place. Conducts special examinations at management’s request.   SECONDARY RESPONSIBILITIES:   Other duties as assigned or deemed necessary by the Board of Directors, Audit and Compliance Committee, Division Manager (direct report) or the President.   PHYSICAL REQUIREMENTS:   Standing, walking, sitting ability to use a computer keyboard.   CONTACTS:   Internal: This position reports to the Audit and Compliance Committee / Board of Directors and administratively to the President through a Division Manager channel. External contacts: regulators; outside counsel; law enforcement; clients; other financial institutions.