Director of Internal Audit

Job Summary

The Director of Internal Audit is responsible for ensuring an effective internal audit function is in place, while focusing on adding value and improving the institutional operations, risk management, control and governance processes. The Director of Internal Audit is independent of management and reports directly to the Audit Committee of the Board of Directors (the “Board”) for HomeTrust Bancshares and HomeTrust Bank (the “Corporation”). Oversight responsibilities include providing stakeholders with risk-based, independent, objective, and reliable assurance advice and insight to assist the Corporation in accomplishing its strategic goals and objectives. The position has authority to review all areas of the Corporation, as specified in the Internal Audit Charter. The position will maintain positive and effective relationships with external auditors and examiners and establish adequate audit activities that provide reasonable assurance the Corporation complies with SEC and federal and state banking laws and regulations.

Key Responsibilities / Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Provide independent assurance services by:
  • Developing internal audit strategies, budgets, goals, objectives, policies, procedures, plans, and schedules to evaluate the effectiveness of internal controls.
  • Providing effective monitoring of the integrity and effectiveness of the Corporation’s accounting and financial reporting processes and systems of internal control.
  • Identifying areas of potential financial and operational risk within the organization.
  • Reviewing and assessing the Corporation’s risk management processes.
  • Outsourcing internal audit work to reputable, experienced, and independent third parties when specialized expertise is necessary.
  • Managing the timely accomplishment of the audit plan.
  • Providing verbal and/or written communications of audit findings and recommendations to improve internal control and governance processes.
  • Conducting follow-up audits to monitor management’s interventions and actions.
  • Managing the Corporation’s whistleblower software, training and related processes.

• Communicate the status of internal audit activities by:
  • Presenting and discussing audit findings and recommendations with management while maintaining independence.
  • Promptly communicating significant risks or concerns to the Chief Risk Officer and the Audit Committee Chairperson.
  • Preparing Audit Committee materials and meeting agendas in coordination with the Audit Committee chairperson.
  • Loading Audit Committee materials to the Audit Committee portal in advance of scheduled meetings.
  • Presenting at each Audit Committee meeting.

• Coordinate with providers of assurance and audit services to ensure appropriate audit coverage and to minimize duplication of efforts, including but not limited to:
  • Outsourced internal audit providers
  • External financial statement auditors
  • Sarbanes Oxley 404 assurance providers
  • Internal audit Quality Control review providers
  • Internal risk management
  • Federal and state Regulators

• Serve as a trusted advisor to the Corporation by:
  • Maintaining a solid understanding of the Corporation’s business activities, strategic plan, risk appetite, and risk tolerance.
  • Maintaining effective communications with, and supporting the needs of, the Audit Committee and its Chairperson through regular meetings, reports and the performance of special projects, as requested. Presenting issues and management actions that affect broad or critical segments of the company to management and the Audit Committee.
  • Regularly communicating with the Chief Risk Officer and other Executive Management to nurture an effective working relationship and strong governance culture.
  • Raising difficult issues with management and the Audit Committee - even if such actions may be unpopular.
  • Consulting with management to provide appropriate guidance on key business decisions.
  • Hiring qualified internal audit staff and encouraging the professional development, certification, and training of supervised employees.
  • Staying up to date with the latest auditing techniques, regulations, and industry standards.
  • Ensuring compliance with laws, regulations, and company policies.

• Provide leadership of assigned team, lead efforts in recruitment, interviewing, and training employees, plan, assign, and direct departmental work.
• Coordinate interdepartmental goals to ensure alignment with company goals and vision.
• Coach and provide ongoing performance feedback to employees, set realistic and measurable performance goals and ensure employees have appropriate professional development opportunities. Effectively manage performance and assist employees to meet established company standards and expectations.
• Maintain confidentiality and security of sensitive information.
• Adhere to all corporate policies and procedures, Federal and State regulations, and laws.
• Complete all mandatory annual compliance training.
• Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection, and determent of money laundering and other unlawful activities, as well as regulations pertaining to lending and consumer compliance to include fair lending laws.
• Perform other duties and special projects as assigned.

The above statements are intended to describe the general nature and level of work being performed by the employee assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required.

Job Requirements

Education:

• B.S. or B.A. degree in Accounting, Finance or relevant field.

Required:

• At least 10 years of internal audit experience, including management experience.
• At least 10 years of experience working in the financial services or public accounting industry
• Extensive knowledge of principles and practices in the areas of accounting, auditing, and bank laws and regulations.
• Strategic thinking abilities to develop and implement audit plans that align with the organization’s goals and risk appetite.
• Advanced understanding of audit methodologies, risk management strategies, and internal control structures.
• Strong analytical skills for assessing financial data, identifying irregularities, and recognizing patterns that may indicate fraud or non-compliance.
• Exceptional leadership skills to manage and develop a team of auditors, promote a culture of ethical conduct, and maintain a high standard of performance.
• Strong ability to analyze, diagnose, and communicate complex business and financial issues.
• Excellent written and oral communication skills.
• Organized and detail-oriented, with the ability to manage multiple audits and projects concurrently.
• Strong ethical standards and integrity, necessary for the impartial execution of audits and the handling of confidential information.
• Ability to handle sensitive information while maintaining a high degree of confidentiality.
• Diplomacy and conflict management skills, with a strong ability to work across the organization and at all levels.
• Ability to travel as necessary and retain high presence in Asheville, the Bank’s headquarters location.
• Proficient in Microsoft Office products.
• Ability to work in the Asheville location 3-5 days a month with team and to collaborate with partners.

Preferred:

• MBA
• Certified Public Accountant certification and/or Certified Internal Auditor certification
• Public accounting experience in financial services.
• Experience and proficiency with Audit Board software.

About HomeTrust Bank

HomeTrust Bank, founded in 1926, is a North Carolina chartered, community-focused financial institution committed to providing value-added community banking through online/mobile channels and multiple locations in Virginia, North Carolina, South Carolina, Tennessee, and Georgia. Learn more at www.htb.com. Apply today to take your first steps towards joining this talented population of employees within a growing organization.

Work Environment, Physical Requirements

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. HomeTrust Bank promotes an equal employment opportunity workplace which includes reasonable accommodation of qualified applicants and employees.

• This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and fax machines.
• Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.
• Physical activity requiring reaching, sifting, lifting to 25 lbs., finger dexterity, grasping, feeling, repetitive motions, talking and hearing are required.
• The employee will frequently communicate and must be able to exchange accurate information with others.
• The employee may need to move around their office to attend meetings and to access files, machinery, or other job-related tools.

DISCLAIMER: HomeTrust Bank is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.

HomeTrust Bank values and promotes diversity and inclusion in every aspect of our business and at every level within the company. We recruit, hire, and promote employees based on their individual ability and experience and in accordance with Affirmative Action and Equal Employment Opportunity laws and regulations. Our policy is that we do not discriminate on the basis of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, physical or mental disability, pregnancy, marital status, status as a protected veteran, or any other status protected by federal, state, or local law.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)