What are the responsibilities and job description for the Professional Practice Senior Auditor position at Farmers and Merchants Bank of Long Beach?
Job Summary
The Professional Practice Senior Auditor supports the Professional Practice Audit Manager to develop, improve, and maintain professional practice and standards for the internal audit department, by providing support on activities including Quality Assurance and Improvement Program (QAIP), policies and procedures, AuditBoard system maintenance, risk assessment, issue management, data analytics, reporting, and continuous monitoring to ensure the internal audit practice conforms to the Internal Audit Charter, Institute of Internal Auditors (IIA) Standards, and regulatory guidance.
Essential Duties
• Responsible for performing QAIP reviews and reporting results, in accordance with the Internal Audit’s QAIP methodology.
• Support AuditBoard system inquiries and liaise with team to make continuous improvements.
• Assist the Professional Practice Audit Manager in providing key data used for audit committee, board, or executive management presentation materials.
• Enhance reporting materials and dashboards to provide meaningful and accurate audit information.
• Support enhancements to the issues management process, including tracking, reporting and enhanced issue management methodology.
• Assist with improving audit standards and methodology to optimize the efficiency and effectiveness of audit work and documentation, and ensure adherence to the Internal Audit Charter and IIA Standards.
• Assist with continuous process improvements for audit documentation, templates and instructions.
• Enhance and maintain audit universe and risk assessment methodology and periodic updates.
• Improve, and update the IA policy, procedures, and/or methodology manuals.
• Liaise with team to provide education and communication of audit methodology enhancements and best practices.
• As directed by the Professional Practice Audit Manager, assist external auditors and regulators in the execution of their reviews/ examinations as well as special projects.
• Be knowledgeable with current and pending banking laws and regulations and global internal audit standards and proactively monitor changes to industry.
• Maintain a professional development plan to continually develop technical and interpersonal skills.
• Effectively utilize down time, identify issues requiring research, and effectively research using appropriate resources.
• Complete all assignments within established timetables.
Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering, OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.
Non-Essential Duties
• Be familiar with Bank’s practices, policies, and culture
• Perform other duties as assigned
Basic Knowledge, Skills and Abilities
• Sound judgment, integrity and commitment to ethical behavior
• Excellent interpersonal and communication skills
• Ability to maintain confidentiality and treat sensitive information with discretion
• Understanding of IIA standards for the Professional Practice of Internal Auditing, COSO, and risk assessment practices, and audit principles
• Proficient with MS Office products
• Strong analytical skills
• Detail oriented, accurate, and organized
• Ability to effectively manage multiple projects simultaneously
• Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines
• Strong business acumen in risk and controls
• Ability to work independently
Officer Title Eligibility
For qualified positions, the Bank may designate an Officer Title to an employee who seeks and/or meets defined competencies for an eligible position. This position qualifies for the officer title(s) Assistant Vice President, Vice President.
Equipment Operated
• Desk top Computers
• Standard Office Equipment (copiers)
Physical Requirements & Work Environment
• Requires sitting for prolong periods of time
• Requires lifting up to 10 pounds
• Office setting w/controlled temperature
• Periodic travel to branch locations
Education and Experience
• BS or BA Degree required, preferred majors in Accounting, Business Administration, Finance, or Economics or equivalent work experience required
• Five or more years of internal audit, risk management, regulatory agency or related experience required
• Relevant certification or industry accreditation such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Certified Risk Management Assurance (CRMA) required
• Strong background in audit policy, methodology, and best practice
• Thorough knowledge of internal audit standards required
• Previous “large firm” public accounting experience a plus
• Banking/ financial services experience strongly preferred
As a part of the Bank’s internal control systems, employees holding sensitive positions are required to be absent from their duties for a minimum of two consecutive weeks each year. This position has been deemed to meet the test for a sensitive position, and therefore you will be required to meet the minimum absence requirement each and every year.
This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.
Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.
August 19, 2024
