VP, Internal Audit Director

Description

Job Overview:

The VP, Internal Audit Director plays a crucial role within the Bank by overseeing internal audit coordination and governance initiatives, ensuring compliance with regulatory requirements, risk management frameworks, and audit standards. This individual acts as the primary point of contact between internal/external auditors, various departments, senior leadership and the Audit Committee of the Bank. They will lead efforts to enhance the Bank’s internal control environment, assist in audit planning, manage audit follow-up actions, and provide strategic oversight on governance and risk matters.

Responsibilities:

• Serve as the primary liaison between the Bank’s business units, internal auditors, and external auditors.
• Coordinate and facilitate audit activities by ensuring timely and accurate responses to audit requests, walkthroughs, and interviews.
• Manage the audit lifecycle: planning, fieldwork, and reporting, ensuring clear communication and prompt resolution of audit issues.
• Oversee the tracking of audit findings and ensure that audit issues are effectively remediated within agreed timelines.
• Review audit reports to identify significant risks or control deficiencies and collaborate with business units to develop remediation plans.
• Review audit scopes to identify significant gaps in the scoping plan.   
• Communicate key findings and risk exposures identified during audits to senior leadership and the board's Audit Committee.
• Establish an adequate audit quality assurance program and maintain and refine the Bank's policies and procedures related to audit.
• Report to executive leadership and the board on governance, audit outcomes, and key risk indicators (KRIs).
• Provide strategic oversight and leadership for internal audit engagements, including the alignment of risk-based audit plans with the Bank’s strategic objectives.
• Partner with the Chief Risk Officer and other executive leaders to ensure the internal audit function aligns with the broader risk management strategy of the Bank.
• Identify emerging risks associated with the Bank’s partners, technological advancements, and evolving regulatory environments, and recommend proactive audit strategies.
• Champion a culture of strong governance, accountability, and risk awareness throughout the Bank.
• Engage with internal stakeholders to ensure audit outcomes drive meaningful improvements in operations, risk mitigation, and regulatory compliance.
• Liaise with regulatory authorities and ensure compliance with federal and state regulatory requirements, including audits conducted by the OCC.
• Oversee the validation of any regulatory corrective actions, as applicable.
• Facilitate communication between senior management, the board of directors, via the audit committee, and external stakeholders on governance and audit matters.

Qualifications

Knowledge, Skills, and Abilities:

• In-depth knowledge of internal audit methodologies, regulatory requirements, and risk management frameworks in the financial services industry.
• Strong analytical skills with the ability to assess complex risk and control environments and recommend pragmatic solutions.
• Excellent communication skills, both written and verbal, with the ability to present audit findings, governance matters, and risk issues to senior leadership and the board.
• Proven ability to build relationships with auditors, regulators, and internal stakeholders.
• High level of integrity and ethical conduct.
• Leadership experience in managing and developing teams.
• Ability to handle multiple priorities in a fast-paced, dynamic environment.

Education, Training, and Experience:

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field required.
• Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or other relevant professional certifications preferred.
• Master’s degree in risk management, Business, or a related field is a plus.
• Minimum 10 years of experience in internal audit, risk management, or governance within financial services, fintech, or banking.
• Strong understanding of banking regulations, particularly as they pertain to fintech sponsorship, payment systems, and settlement functions.
• Experience working with regulators, including preparing for and responding to regulatory audits.

Salary Range: $180,000-$2000,000/annum

"Base salary range does not include performance-based bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience."

About Community Federal Savings Bank (CFSB)

Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.

Salary : $180,000 - $2,000,000