What are the responsibilities and job description for the Senior Operations Auditor position at Farmers and Merchants Bank of Long Beach?
Job Summary
The Senior Operations Auditor supports the Operations Senior Audit Manager in the completion of the annual audit plan by planning and conducting operational internal audits, performing audit in-charge responsibilities, and conforming to the Internal Audit Charter and Standards. Operations internal audits include back office operational departments (ACH, ATM, online banking, wires, back office operations, etc.) as well as branch audits.
Essential Duties
Plan, execute, and report on results of assigned audits, including the following:
- Develop and/or update audit programs, checklists and/or guides
- Design, perform and document internal control walkthroughs and testing to assess the adequacy and effectiveness of controls, compliance with laws and regulations, and efficiency/effectiveness of operations.
- Prepare process narratives, flow charts and descriptions of internal controls
- Prepare comprehensive, clear, and concise audit work paper documentation that is free of grammatical errors
- Compile and analyze audit issues identified in the audit
- Identify improvement opportunities and develop recommendations for corrective/improvement action plans
- Review work of assigned auditors
- Prepare audit reports
- Conduct meetings with management upon commencement and completion of engagements to discuss scope and significant audit issues
- Effectively perform audit in-charge responsibilities (i.e. planning, work paper review, report preparation, etc.)
- Effectively utilize down time, identify issues requiring research, and effectively research using appropriate resources
- Assist with various operations level work efforts including annual FDICIA testing requirements and the annual risk assessment update
- Complete all assignments within established timetables to enable the issuance of all audit reports and other deliverables by the applicable deadlines
Develop and maintain collaborative working relationships with management, learning and understanding the business to better provide value-added services, help management achieve objectives, and enhance customer satisfaction
- As directed by the Operations Senior Audit Manager, assist external auditors and regulators in the execution of their audits/examinations
- Maintain appropriate knowledge of bank back office and branch operations
- Perform special projects at the request of the Operations Senior Audit Manager
- Maintain a professional development plan to continually develop technical and interpersonal skills
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
- Provide periodic feedback to staff operations auditors
- 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
- Ability to maintain confidentiality and treat sensitive information with discretion
- Excellent interpersonal and communication skills
- Understanding of IIA standards for the Professional Practice of Internal Auditing, COSO, risk assessment practices, and audit principles
- Proficient with MS Office products
- Strong analytical skills and attention to detail
- Ability to work independently, with limited direction and guidance
- 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
Equipment Operated
- Desktop Computers
- Standard Office Equipment (copiers)
Physical Requirements & Work Environment
- Requires sitting for prolong periods of time
- Requires lifting up to 10 pounds
- Hybrid work schedule (2 days onsite / 3 days remote)
- Office setting w/controlled temperature
- Requires periodic travel to local offices/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 banking experience required in: internal audit, public accounting, risk management, regulatory agency or related experience
- Regional banking experience strongly preferred; experience should include bank back office and branch operations
- Relevant certification or industry accreditation such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Security Auditor (CISA), or Certified Risk Management Assurance (CRMA) required Experience with audit software preferred
- Supervisory experience preferred
- Experience in data analytics preferred
- Experience with IT General Controls (ITGC) a plus
- Working knowledge of Jack Henry (Silverlake/Xperience), COGNOS a plus
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.
