VP, Senior Internal Audit Manager at First Commerce Bank

Lakewood Township, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

27 Sep, 26

Salary

0.0

Posted On

29 Jun, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Internal Auditing, Financial Audit, Risk Assessment, Bank Compliance, Project Management, Report Writing, Internal Controls, Regulatory Compliance, Microsoft Office, Analytical Skills, Interpersonal Communication, Strategic Planning

Industry

Banking

Description

Basic Qualifications Education/Training: Bachelor’s degree in Accounting or a related field of study required; specialized financial audit education/training. Masters degree preferred. Skill(s): Proficient in English, reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communication skills; proficiency in writing detailed, comprehensive reports; proficient organizational and project/time management skills; demonstrated proficiency in application of internal auditing theory, auditing principles, standards, procedures, and techniques; proficient analytical skills to analyze financial and procedural data and to recognize potential internal control weaknesses in existing systems; thorough knowledge of bank compliance, operations, and related regulatory requirements; proficient PC skills including Microsoft Office software. Experience: A minimum of ten (10) years' related experience required. General Responsibilities Responsible for overseeing the Internal Audit function of the Bank and managing the outsourced Internal Audit relationship; implementing strategies to achieve goals developed for the department as part of the Bank's annual strategic plan; ensuring the department's compliance with operating policies and procedures and outside regulatory requirements; communicating with appropriate management and staff personnel; providing periodic reports. Essential Duties 1. Oversees the Internal Audit function of the Bank and manages the outsourced Internal Audit relationship as follows: 1. Develops and coordinates the Internal Audit Program. 2. Develops and implements internal auditing policies, procedures, charter, and program. 3. Administers the Audit Policy, Audit Charter, and present year Audit Plan. 4. Manages/coordinates the activities of the Bank’s internal auditors. 5. Performs audits as directed by the Audit Committee. 6. Prepares written audit reports that are accurate, objective, clear, concise, constructive, and timely for the purposes of expressing an opinion on the adequacy of internal controls and making recommendations for improvement to the control environment and existing system or functions. 7. Participates in evaluating and reporting upon internal controls relating to the following areas: 8. Safeguarding Bank assets; 9. Accomplishment of Bank goals and objectives; 10. Level of compliance with associated procedures; 11. Reliability and integrity of information. 12. Coordinates Audit Schedules for the Audit Cycle and ensures that the scheduled audits commence in accordance to the Bank’s Audit Schedule and are completed in a timely manner. 13. Ensures prompt follow-up to any identified deficiencies in policies and procedures and, where necessary, works closely with the Bank’s line management to formulate proposals for policy and procedural amendments to enhance compliance. 14. Investigates and determines causes of irregularities and errors. 15. In conjunction with the Bank’s internal auditors, updates the Risk Assessment on annual basis for all internal audits performed and creates new Risk Assessments for any new audit areas, as needed. 16. Schedules Exit Meetings with Executive Management Post Audits. 17. Maintains audit issue tracker to include findings, recommendations, and responses for all internal audits. 18. Prepares Audit Reports and distributes to management. 19. Prepares and disseminates Audit Package to Audit Committee members. 20. Provides department heads correspondences sent from internal auditors. 21. Completes required in-house and external training to keep current on regulatory and industry changes. 1. 2. Implements strategies to achieve goals assigned to the department as established in the Bank's annual strategic plan; assists in the development of the annual budget for the department and adheres to budget parameters. 2. Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace. 3. Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank’s compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Community Opportunity Act, etc. 4. Communicates with the Audit Committee, President and CEO, senior management, other department managers, and appropriate staff personnel in order to integrate goals and activities. 5. Provides periodic reports to the Audit Committee, President and CEO, senior management, and other groups as required throughout the Bank. Ancillary Duties 1. Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances. Job Location All levels 1700 Avenue of the States Suite 301 Lakewood, NJ 08701 Various outside locations Equipment/Machines 1. Telephone 2. PC/Computer keyboard 3. Printer 4. Calculator 5. Fax machine 6. Copy machine 7. Scanner 8. Automobile First Commerce Bank is an Equal Opportunity Employer. All qualified applicants receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression, genetic information or any other characteristic protected by applicable law.

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Responsibilities

Oversees the bank's internal audit function and manages the outsourced audit relationship to ensure compliance with policies and regulatory requirements. Develops the internal audit program, performs risk assessments, and reports findings to the Audit Committee and senior management.