Internal Auditor
Location: Newton, IL
Position Summary: The Internal Auditor is responsible for reviewing and assessing the Bank’s operational and financial processes and procedures in an independent and objective manner to ensure compliance, efficiency and effectiveness. The Internal Auditor will be responsible for the development and execution of the annual audit plan and audit policy and will report to the Board of Directors and Audit Committee on a quarterly basis.
Responsibilities:
- Perform and control the internal audit process including risk management and internal control management over operations’ effectiveness, financial reliability and compliance with all applicable policies, laws, and regulations
- Obtain an understanding of the bank’s operations by reviewing policies and procedures, communicating with management and staff, and observing processes
- Determine audit scope, develop annual audit plan, and design and perform audit programs/procedures
- Assess the Bank’s risks and the efficacy of its risk management efforts
- Evaluate internal controls that safeguard bank assets and make recommendations on improvements
- Evaluate accounting and financial processes for accuracy and compliance with laws and regulations
- Assess business processes to identify improvements related to the accuracy, efficiency, reliability, and quality of the process and the resulting products and services.
- Facilitate engagements for third party reviews, model validations, etc. when necessary and review the results of such engagements and communicate to executive management and the Audit Committee
- Prepare reports that reflect the internal audit results, document audit procedures, and provide independent opinions on the overall results and findings
- Communicate internal audit findings, best practices, and recommendations to executive management and the Audit Committee
- Conduct follow up audits when necessary to monitor management’s remediation of any findings
- Work in coordination with Compliance Officer, Chief Financial Officer, external auditors, regulators, etc. and review results and findings of external reviews, audits, and examinations
- Promote ethics, help identify improper conduct, and investigate potential fraud
- Maintain ongoing knowledge of and development in banking regulations, rules, best practices, tools, techniques and performance standards as well as auditing and accounting standards
Required Competencies:
- Advanced knowledge of Microsoft Office
- Strong analytical, organizational, research and problem-solving skills
- Ability to work independently, multitask, and manage a high number of priorities
- Excellent verbal, written, and interpersonal communication skills
- Ability to exercise sound independent judgement and prioritize issues based on significance and risk
Education and Experience:
- Experience with banking processes and policies
- Prior internal or external audit experience
- Bachelor’s degree in accounting or finance, preferred
If this sounds like a great fit for you, e-mail your resume to psbhr@psbnewton.net
