Senior Audit Manager

Farmers and Merchants Bank of Long Beach•Seal Beach, CA

7h•Hybrid

About The Position

The Senior Audit Manager has full ownership, accountability, and responsibility for the audit universe of their assigned areas. The Senior Audit Manager supports the Chief Audit Executive (“CAE”) in the completion of the risk assessment and annual audit plan by planning and conducting internal audits, reviewing and supervising work of staff auditors/co-source, and conforming to the Internal Audit Charter and Standards. This position also assists the CAE with Audit Committee reporting as well as various work efforts such as annual FDICIA control testing, quarterly continuous monitoring, regulatory issue validation, and audit issue tracking management. Essential Duties Effectively manage and execute multiple audits/projects simultaneously Responsible for annual audit planning process, including quarterly risk assessment Ensure the overall quality, consistency, risk management and adherence to the Internal Audit Charter and Standards, identifying opportunities for audit process improvements Assign issue and/or report ratings and management action plan (as appropriate) Draft and finalize audit report with recommendations Manage issue tracking, follow up, and validation of remediated issues Responsible for resource allocation and audit team scheduling Manage the co-source partnership as needed Develop and maintain collaborative working relationships with management, learning and understanding the business to better provide value-added services, help management achieve objectives, and enhance customer satisfaction Maintain a professional development plan to continually enhance technical, interpersonal and management skills Manage special projects at the request of the Chief Audit Executive Assist the Chief Audit Executive with periodic Audit Committee reporting Ensure audit team maintains appropriate awareness of assigned audit universe As directed by the Chief Audit Executive, assist external auditors and regulators in the execution of their audits/examinations Maintain a professional development plan to develop technical, interpersonal and management skills Keep up with development and changes in industry trends and regulatory environment to align the internal audit function Compliance & Corporate Essential Duties Compliance internal audits include, but are not limited to Bank Secrecy Act, Fair Lending, Branch Operations Compliance, Lending Compliance (commercial and consumer), SAFE Act, HMDA, CRA, UDAAP, Regulation B, Regulation O & W, Regulation E, as well as Compliance Management System Maintain appropriate knowledge of current and pending compliance laws and regulations Corporate internal audits include Lending, Credit Administration, Model Risk Management, Third Party Risk Management, Enterprise Risk Management, Corporate Governance and Strategy, Capital Planning, Peer Analysis, Capital Ratio and Stress Testing Maintain appropriate knowledge of corporate credit and risk areas Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. Acts as the control point for the office to ensure that all CIP, BSA, OFAC requirements, procedures and time frames are met. Non-Essential Duties Assist the Chief Audit Executive with recruiting, developing, and mentoring audit team Foster and maintain group spirit and team morale Provide periodic coaching to audit team as needed Effectively manage through complex issues and relationships Be familiar with Bank’s practices, policies, and culture Perform other duties as assigned Working knowledge of IT processes and principles preferred

Requirements

Sound judgment, integrity and commitment to ethical behavior
Ability to maintain confidentiality and treat sensitive information with discretion
Excellent interpersonal and communication skills
Understanding of internal auditing standards, COSO, and risk assessment practices, audit principles, and awareness of Global Internal Audit Standards
Compliance related experience and/or ability to understand regulatory agency requirements
Proficient with MS Office products
Strong analytical skills and attention to detail
Detail oriented, accurate, and organized
Strong time management skills
Ability to provide periodic feedback to audit team
Knowledge of risk management principles and practices in banks
Ability to work independently, with limited direction and guidance
Ability to effectively manage multiple projects simultaneously
Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines
BS or BA Degree required, preferred majors in Accounting, Business Administration, Finance, Information Systems or Economics or equivalent work experience required
Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Security Auditor (CISA) or other related certification required
Ten (10) or more years of financial service industry experience required in: internal audit, public accounting, risk management, regulatory agency or related experience
Thorough knowledge of Global Internal Audit Standards, COSO and bank regulatory standards
Supervisory experience required

Nice To Haves

Large/Regional banking experience strongly preferred
Previous “large firm” public accounting experience a plus
Experience with audit software is preferred
Experience in data analytics preferred
Work experience with IT Audit knowledge preferred
Working knowledge of AuditBoard, Jack Henry (Silverlake/Xperience), COGNOS a plus
Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), Certified Risk Management Assurance (CRMA), or other compliance related certifications highly preferred
Certified Risk Management Assurance (CRMA), Credit Risk Certification (CRC), Chartered Financial Analyst (CFA), Certified Third Party Risk Professional (CTPRP), Certified Third Party Risk Assessor (CTPRA), Certified Fraud Examiner (CFE), or other risk management related certifications highly preferred

Responsibilities

Effectively manage and execute multiple audits/projects simultaneously
Responsible for annual audit planning process, including quarterly risk assessment
Ensure the overall quality, consistency, risk management and adherence to the Internal Audit Charter and Standards, identifying opportunities for audit process improvements
Assign issue and/or report ratings and management action plan (as appropriate)
Draft and finalize audit report with recommendations
Manage issue tracking, follow up, and validation of remediated issues
Responsible for resource allocation and audit team scheduling
Manage the co-source partnership as needed
Develop and maintain collaborative working relationships with management, learning and understanding the business to better provide value-added services, help management achieve objectives, and enhance customer satisfaction
Maintain a professional development plan to continually enhance technical, interpersonal and management skills
Manage special projects at the request of the Chief Audit Executive
Assist the Chief Audit Executive with periodic Audit Committee reporting
Ensure audit team maintains appropriate awareness of assigned audit universe
As directed by the Chief Audit Executive, assist external auditors and regulators in the execution of their audits/examinations
Maintain a professional development plan to develop technical, interpersonal and management skills
Keep up with development and changes in industry trends and regulatory environment to align the internal audit function
Compliance internal audits include, but are not limited to Bank Secrecy Act, Fair Lending, Branch Operations Compliance, Lending Compliance (commercial and consumer), SAFE Act, HMDA, CRA, UDAAP, Regulation B, Regulation O & W, Regulation E, as well as Compliance Management System
Maintain appropriate knowledge of current and pending compliance laws and regulations
Corporate internal audits include Lending, Credit Administration, Model Risk Management, Third Party Risk Management, Enterprise Risk Management, Corporate Governance and Strategy, Capital Planning, Peer Analysis, Capital Ratio and Stress Testing
Maintain appropriate knowledge of corporate credit and risk areas
Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. Acts as the control point for the office to ensure that all CIP, BSA, OFAC requirements, procedures and time frames are met.
Assist the Chief Audit Executive with recruiting, developing, and mentoring audit team
Foster and maintain group spirit and team morale
Provide periodic coaching to audit team as needed
Effectively manage through complex issues and relationships
Be familiar with Bank’s practices, policies, and culture
Perform other duties as assigned