Head of Internal Audit

Leader Bank • Arlington, TX

2d • $130,000 - $150,000

About The Position

Leader Bank, N.A., one of the fastest growing banks in Massachusetts, has an opening for a Head of Internal Audit. The Head of Internal Audit is responsible for planning, organizing, directing, and controlling financial, operational, and lending audits for the Bank. Oversees the examination of the accuracy and completeness of records and procedures for internal control to safeguard Bank assets and ensures areas of the Bank are in compliance with policies, procedures, regulations, and laws either internally or via third party firms engaged by the Bank. Reports audit findings and recommendations to mitigate risk directly to the Bank’s Audit Committee. Performs supervisory duties of department staff, coordinates staff for coverage in all related areas of the department.

Requirements

• Minimum of five (5) years of banking operations experience.
• Demonstrated ability to work across departments and business units with all levels of management.
• Work-related experience should consist of an audit background or exposure to the audit process in financial institution operations, lending, and financial reporting.
• Advanced knowledge of financial, operations and lending functions and services; related state and federal laws and regulations, and other operational policies and procedures.
• Advanced experience, knowledge and training in progressively responsible audit department operations, management, and supervisory activities.
• Advanced knowledge of related state and federal banking compliance regulations, and Bank accounting policies and procedures.
• Mastered skills in auditing and internal control techniques and oversight management.
• Executive presence and effective communication skills to translate audit findings into actionable goals for the Audit Committee, Executive Management, and department heads.
• Demonstrate strong analytical and project management skills for a variety of tasks or projects.
• Ability to innovate and think big-picture to prepare and scale the audit function for continued Bank growth.
• Excellent organizational and time management skills, with the ability to provide leadership, supervision and training for employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills

Nice To Haves

• Financial audit oversight and/or management experience preferred.
• A bachelor’s degree (BA) in Accounting and Finance from a four-year college or university is preferred.

Responsibilities

• Oversees the planning, organization, direction, and control of financial, operational, compliance and lending audits for the Bank; defines audit objectives, formulates audit programs and schedules, including budget and staffing requirements; ensures audit programs achieve objectives to safeguard Bank assets and ensure compliance with policies, procedures, regulations, and laws.
• Consults with Bank and Department leadership and makes recommendations to mitigate risk by implementing preventative actions, policies, procedures, documentation, or capitalizing upon other opportunities where the Bank can improve upon its operations and internal control.
• Ensures designated areas and functions of the Bank are audited on a regular basis; assigns risk rating to each area designated for audit; performs unannounced “spot” audits when necessary.
• Conducts risk assessments and identifies controls in place to mitigate risks.
• Reports to and participates on the Bank’s Audit Committee in addition to Executive Management on the audit scope of financial, operational, and compliance conditions; prepares reports of audits conducted for submission to the Audit Committee as requested; may serve on other Bank committees as required.
• Coordinates audit plans or programs with third party auditors or regulatory examiners.
• Maintains accurate and current audit and internal control policies, procedures and related documentation.
• Maintains advanced knowledge and awareness of financial industry audit control and trends.
• Assures compliance with all Bank policies, procedures and processes.
• Completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the Bank through outside activities.
• Responds to inquiries or refers inquiries to the appropriate department or person and exhibits the necessary follow-through with customers and/or staff involved.
• Provides supervision and support to all areas of the department where service or assistance is needed; oversees activities of assigned department personnel; opens and closes the department.
• Monitors staff in daily tasks, operations, and quality control; ensures the organization of assigned areas of the department, coordinating available resources (e.g., staff, materials, etc.) for maximum results.

Benefits

• Leader Bank offers an excellent compensation and benefits package including 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast growing, local organization.
• Other rewards may include annual bonuses, commissions, short- and long-term incentives, and program-specific awards.
• In addition, Leader Bank provides a variety of benefits to eligible team members, including health insurance coverage, a team member wellness program, life and disability insurance, a retirement savings plan, paid holidays and paid time off and vacation.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager