What are the responsibilities and job description for the Chief Internal Audit Officer position at Opportunities?
The Chief Audit Officer is responsible for overseeing enterprise-wide planning and development of the audit strategy, managing audit functions, influencing business executives, and helping business partners balance business strategy with risk management controls. This leader is responsible for establishing, institutionalizing, measuring, and continuously evolving that strategy and execution of these functions across Choice leveraging their expertise in the industry and regulatory environment. This position will report functionally to the Board of Directors and collaborate closely with leadership as an internal yet independent verification of policies. The Chief Audit Officer must demonstrate a proven ability to cultivate, guide, and inspire a dynamic team.
The Chief Audit Officer is responsible for effectively managing all aspects of the internal audit function in accordance with professional internal audit standards (i.e., Global Internal Audit Standards) and applicable regulatory requirements and expectations. The Chief Audit Officer provides the Board, Executive/Senior Management and other stakeholders with independent, risk-based, and objective assurance, advice, insight and foresight. The Chief Audit Officer, through leadership of internal audit, strengths’ Choice’s ability to create, protect and sustain value
Leadership
- Establish strong reputation and credibility with Stakeholders
- Demonstrate objectivity, integrity, and independence
- Communicate objectively and influence change
- Plan and execute strategically
- Manage resources to deliver high quality internal audit services
- Conduct regular one-on-ones to align cultural & business objectives, prioritize the most important work and coach to high performance.
- Facilitate execution through effective situational leadership tools.
- Support engagement and action by listening to team member feedback – what’s working, what’s not – support them in initiating and executing positive changes and provided them with adequate resources.
- Support in the team members professional and personal.
- Catch team members being approximately right through timely, individualized recognition.
- Promote collaboration and face to face interaction.
Responsibilities
- Support and enhance the achievement of business objectives
- Influence the advancement of corporate governance, internal controls, and risk management
- Enhance Internal Audit Quality Assurance and plan audit engagements effectively
- Exercise professional skepticism and due professional care
- Effectively track the status of open internal audit and regulatory issues to ensure timely resolution by management and independent audit validation
- Reports functionally to the BOD Audit Committee
- Develops agendas and reports in coordination with the Audit Committee Chair
- Provides presentations to the Committee to keep members apprised of completed and ongoing audit and investigation activities, including audit findings, recommendations for improvements, and management’s implementation of recommendations
- Advocate for a culture of risk awareness and security throughout the organization
- Guide and directs the internal audit processes within the organization
- Assess risk and determine frameworks relevant to the business
- Develop auditing strategies for operational and mandatory compliance checks
- Create independent processes for ethics and compliance violation reporting
- Evaluate internal governance processes and improve said processes
- Understanding relevant frameworks and how they apply to the business
- Identify and assess new security controls and their implementation
- Maintain confidentiality
Choice is #PeopleFirst, banking second.
People don’t need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
- Embrace change and encourage innovation.
- Know when to ask for help and know when to offer help.
- Better the places we live.
- Work hard. Do the right thing. Have a little fun.
Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.
The base salary for this role will begin at $180,950 and up to $271,420 Annually. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience and geographic location. Full time employees are also eligible for a competitive bonus and benefits package. Check out bankwithchoice.com/careers for an outline of current benefit offerings.
Salary : $271,420