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Firstrust Bank · 3 months ago

Chief Internal Auditor

Horsham, PA

Full-time

Hybrid

Director/Executive

20+ years exp

Firstrust Bank is one of the region’s foremost community banking institutions, dedicated to fostering leadership and employee growth. The Chief Internal Auditor will play a critical role in ensuring the integrity, efficiency, and compliance of the bank's operations, providing strategic direction and leadership to the internal audit function while advising the CEO and Board on internal control, risk management, and regulatory compliance.

BankingCommercialFinanceFinancial Services

Responsibilities

As a member of the Senior Leadership Team, participates in the Senior Leadership Committee Meetings and strategic planning process. Provides input into the direction and management of the organization

Provide strategic direction and leadership to the internal audit function, aligning audit activities with the bank's objectives, risk appetite, and regulatory requirements

Works closely with Chair of Audit Committee and has oversight for Firstrust subsidiaries

Develop risk-based audit plans that encompass all areas of the bank's operations including technology and information security. Execute audits in accordance with professional standards, ensuring thorough examination of processes, controls, and risk management practices

Continuously assess and evaluate the bank's risk landscape to identify emerging risks and areas of concern. Adjust audit plans and priorities accordingly to address high-risk areas

Ensure the bank's compliance with relevant laws, regulations, and industry standards. Stay abreast of regulatory developments and proactively incorporate changes into audit processes and procedures

Establish and maintain robust internal audit methodologies, standards, and quality assurance processes. Monitor the effectiveness of internal controls and recommend improvements as necessary

Foster effective communication and collaboration with key stakeholders across the organization, including all levels of management, Board of Directors, and external auditors and regulators. Present audit findings and recommendations in a clear and concise manner

Leverage technology and data analytics tools to enhance audit efficiency, effectiveness, and coverage. Drive innovation within the internal audit function to continuously improve processes and methodologies

Support the audit committee of the Board of Directors in fulfilling its oversight responsibilities. Prepare and present regular reports on audit activities, findings, and recommendations

Uphold the highest standards of professional ethics, integrity, and objectivity in conducting audit activities. Ensure that audit processes are conducted with independence and impartiality

Motivate and develop team members to build a bench of talent for future succession

Collaborate with internal and external auditors and federal/state examiners

Assist in the development of new business; understands corporate products and services to suggest products

Demonstrate community involvement by participating in community activities, groups, and boards for networking and business development opportunities to align professional and Firstrust Branding

Perform other duties as assigned

Qualification

Internal audit leadershipRisk managementRegulatory complianceAuditing principlesData analytics toolsCyber security riskBanking regulationsTeam buildingAnalytical mindsetProactivenessTech-savvinessLeadership skillsCommunication skillsEmotional intelligenceFlexibility

Required

Bachelor's Degree Required in Accounting, Finance, or related field

Minimum 20 years of experience in progressive leadership roles in the internal control function in the banking/financial services industry, including experience working directly with regulatory agencies

Minimum 10 years of experience setting strategy and partnering with senior leadership teams

In-depth knowledge of auditing principles, practices, and standards (e.g., IIA standards, COSO framework)

Practical knowledge of cyber security risk and assessment of information security policies and processes

Exceptional understanding of banking regulations and compliance requirements

Proven ability to effectively manage audit projects and teams

Strategic thinker with the ability to identify and mitigate risks

Proficiency in audit software and data analytics tools

Analytical mindset with the ability to make sound decisions in complex situations

Demonstrates courage to maintain healthy tension and stand strong in a position when needed

Demonstrates proactiveness, flexibility, and tech-savviness

Strong leadership, delegation, and team building skills with the ability to support a team and the team's work embracing ownership, accountability, and responsibility

Executes with strong emotional intelligence by demonstrating critical thinking, resolving conflicting workplace issues calmly and functions as a resilient leader

Ability to establish and maintain effective working relationships at the C-Suite level and across all levels of the organization

Exceptional written and verbal communication skills; able to communicate abstract and complex concepts in simple terms

Demonstrates a forward-thinking mindset

Ability to forge strong relationships across the organization

Experience with Microsoft Office and Teams