What are the responsibilities and job description for the AVP, Internal Audit Manager position at Merchants Bank of Indiana?
Description
As our AVP, Internal Audit Manager, you will need to roll up your sleeves and assist with internal auditing tasks, including scoping audit engagements, completing various internal audit testing procedures, completing and/or review of the planning of the individual audit areas, supervising and training staff, maintaining adequate documentation of work performed, communicating audit testing results to the appropriate personnel, ensuring remediation of risks identified, and reviewing audit work completed by the audit staff.
In one year as our AVP, Internal Audit Manager, you will know you were successful if you are able to…
- Perform and/or review financial and operational audits in accordance with the internal audit program.
- Complete and/or review the planning of audit engagements.
- Assist in the supervision of Audit Staff (including goal setting and performance evaluations).
- Coordinate new staff training.
- Assist with the drafting of required reports.
- Review Bancorp’s practices and records for compliance with established internal policies and procedures.
- Develop recommendations for improving internal controls, operating efficiency, and the adequacy of records and recordkeeping.
- Report audit findings and recommendations to the appropriate management based on the results of regularly scheduled audits, non-scheduled audits, and at any time when issues need to be addressed by management.
- Conduct follow-up reviews of financial or operational findings noted during audits.
- Conduct investigations of irregularities discovered by or brought to the auditor’s attention.
- Perform other duties as required, consistent with the goals, objectives, and responsibilities of the Internal Audit Department.
- Engage in continuous knowledge development regarding the industry’s rules, regulations, best practices, tools, techniques, and performance standards.
Requirements
What we are looking for…
- Bachelor’s degree required. Major in Accounting or Finance with a minimum of 5-7 years of experience in a related auditing position preferred (past supervisory experience is a plus).
- Experience in banking or a financial services industry background is preferred.
- Must be able to travel to branches and/or the corporate office as needed.
- CPA or other audit-related certification required (i.e. CIA).
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration (“FHA”) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking. Merchants Bancorp, with $17 billion in assets and $14.1 billion in deposits as of December 31, 2023, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.
We are very proud of being recognized both nationally as one of the top-performing public banks in the US. By S&P Global Market Intelligence and locally as a Best Place to work in Indiana for seven consecutive years. Learn more about this read more here.
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