Senior Vice President, Internal Audit and Controls

SCHEDULE: Full-time

LOCATION: 131 E Main St, Hills, Iowa 52235

BENEFITS: Our employees are our most valuable assets, so we invest in them with a comprehensive and competitive benefits package. Our philosophy of taking care of the customer extends to taking care of our employees so that they, in turn, can take good care of themselves and their families. Join Hills Bank and let us surprise you with even more perks!

SCOPE:

The Senior Vice President, Internal Audit and Controls has overall responsibility for the Internal Audit and Controls functions. This position reports to the Chairperson of the Audit Committee and administratively to the Senior Vice President, Chief Financial Officer. The position is responsible for ensuring Internal Audit is closely aligned with industry best practices in executing the duties across the Companies' business and financial operations. Works to ensure roles, responsibilities, and results are efficiently coordinated and collectively optimizing the effectiveness of risk management, control and governance of the company. This position works with leadership as well as the Audit Committee to identify the effectiveness of risk management practices and internal controls.

ACCOUNTABILITIES:

Internal Audit and Controls Responsibilities:

• Lead Internal Audit's change initiative by implementing action plans related to risk assessment and annual planning, audit execution, audit reporting, staff recruiting and development, audit technology, and Audit Committee reporting.
• Lead Internal Audit's annual risk assessment and enterprise risk assessment and planning process to develop the audit plan and ensure the plan is responsive to and aligned with the risk profile of the organization.
• Oversee the execution of individual audits defined in the audit plan ensuring the highest level of service quality and client satisfaction.
• Issue all Internal Audit reports ensuring the reports are clear, concise, identify root causes with practical solutions, and ultimately provide value to management.
• Meet regularly with the Audit Committee to report the status of Internal Audit's ongoing monitoring activities, educate/inform the committee of emerging risks and/or exposures (whether internal or external to the company) that should be considered, and serve as a "thought leader" with respect to risk management and internal control best practices.
• Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.
• Update/develop process documentation to support management's SOX assessment and Model Audit Rule compliance.
• Lead scoping efforts for management's SOX assessment and create report on final assessment of internal controls over financial reporting for the fiscal year-end for management's review.
• Responsible for maintaining and implementing new or changed SOX reporting procedures and documents. Ensures activities are SOX compliant regarding the Company's SOX program and requirements.
• Manage the process to track, follow-up, and ultimately close all open audit issues leveraging the Audit Committee, if necessary.
• Attract, hire, and retain a team of high-performing audit professionals who possess outstanding knowledge, experience, ethics, and integrity.
• Ensure that Internal Audit is performing its work in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function.
• Oversee Internal Audit's participation in critical business and technology initiatives and projects ensuring that audit's perspective is effectively voiced and appropriate controls are designed and implemented on a proactive basis.
• Maintain audit technology platform leveraging support from the information systems group as needed.
• Coordinate the activities of external auditors including how best to leverage the work performed and results produced from Internal Audit's work.
• Serve as the key point person on all regulatory exams and other third-party audits.

Other Duties:

• Special Projects
• Bank Event and Community Involvement

EDUCATIONS AND SPECIAL REQUIREMENTS:

• Bachelor's degree (B. A.) from four-year college or university.
• Certified Internal Audit (CIA) or Certified Public Accountant (CPA) required
• 12 years related accounting/auditing experience, including 7 years of public accounting experience, including work with financial institutions.
• Must be able to work under stress, handle difficult situations, and work with deadlines.
• Position requires the ability to work before or after normal business hours, including Saturdays, to meet deadlines and attend various meetings.

EQUAL OPPORTUNITY EMPLOYER