What are the responsibilities and job description for the Financial Auditor Manager position at IBC Bank?
IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.
Time Type:
Full time
This is an in-office position.
Department:
670 Internal Audit Services
Job Summary:
The Financial Auditor Manager conducts independent audits of financial records and control procedures to ensure the financial institution is in compliance with laws and regulations, oversee audit staff during audits, participate in the development of the annual audit plan as well as develop of audit staff.
Job Description:
ESSENTIAL JOB FUNCTIONS
The statements on this job description are intended to describe the general nature of level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.
- Planning and conducting audits, i.e., SOX 404, financial, operational, compliance, special projects, and ensuring internal audit efforts are sufficient to effectively evaluate systems of internal control and operating procedures with International Bank of Commerce, in accordance with the International Professional Practices Framework (IPPF) guidance.
- Responsible for supervising audit staff to ensure quality and on-time delivery of audit projects as well as the development of audit staff through the selection of training opportunity.
- Responsible for managing multiple projects with competing priorities.
- Participates in the performance evaluation for financial auditors.
- Participates in the development of the annual audit plan and coordination of audit assignments.
- Communicates audit results to the Audit Committees.
- Utilize and interpret various audit, accounting and regulatory compliance reference materials and resources to develop the scope of assigned internal audits, select and develop appropriate audit procedures for the work programs to achieve audit objectives within hours budgeted.
- Promotes dialogue and input from auditees with respect to the audit area, associated risks and areas of focus through review of work programs with department supervisory staff and/or others assigned to the audit prior to commencing test work to maintain consistent, effective audit coverage.
- Discusses irregularities, observations, and deficiencies discovered during the audit with the area’s supervisory personnel and leverages judgment and experience to assess the associated risk of the issues as to impact on conclusions, deficiency classification and overall audit opinion.
- Leads audit engagements and work of auditors assigned to conduct the reviews. Directs, counsels, instructs, and guides auditors to see that the approved audit objectives are met and that adequate coverage is achieved.
- Leads exit meetings with management and other Internal Audit Services supervisory staff to discuss proposed recommendations to come to agreeable solutions.
- Reviews audit staff work for sufficient scope and for accuracy to ensure that it adequately supports audit observations. By review, determines that staff members meet the performance standards. Monitors workpapers and fieldwork to assure adherence to generally accepted auditing standards and determines the effectiveness of audit efforts.
- Participates in reviews and edits audit reports created to report audit observations and identify the appropriate root cause in order to make recommendations to correct unsatisfactory conditions, improving operations, and reducing cost. Participates in discussing the reports with appropriate management.
- Performs risk assessments for business processes to assess relevant risks and risk management activities.
- Assist with external auditors and regulatory agencies request items.
- Works with third-party vendors, i.e., model validators, audit software vendors, to help ensure scope of work and deliverables are met.
- Could be assigned special projects.
- Acts as a mentor to other auditors within audit areas of proficiency.
- Must stay abreast of Federal and State laws and regulations, accounting principles and auditing standards.
- 10-15% travel may be required.
SKILLS
- Challenge procedures used in the past and attempt to find new creative and innovative audit techniques.
- 4 years of related experience at a financial institution or auditing company.
- Strong critical thinking, analytical and problem-solving skills.
- Strong interpersonal skills.
- Excellent planning and organization skills and work effectively in situations involving rapid change and simultaneous demands.
- Proactively share knowledge and effectively develop, motivate, coach, train and supervise less experienced team members.
- Excellent written and verbal communication skills as well as active listening skills.
- Must demonstrate an active effort to achieve certification in a reasonable time as a Certified Internal Auditor (CIA).
EDUCATION
- Accounting, Finance, or a comparable degree in other business specialty with 18-24 hours of accounting.
