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First Bank & Trust · 4 days ago

Audit Manager

Sioux Falls, SD

Full-time

Onsite

Senior Level

7+ years exp

First Bank & Trust is seeking an Audit Manager to oversee the Internal Audit Department. This role involves managing the internal audit program, assessing risk, and ensuring compliance with regulations while mentoring staff and interacting with senior management.

BankingFinancial Services

Responsibilities

Lead the team and develop an atmosphere of teamwork, open communication and unity. Provide oversight of all services offered. Actively mentor staff and ensure they are trained, evaluated, and motivated to perform their responsibilities in an effective and progressive manner

Assess risk across all levels of the corporation and develop the annual audit schedule for review and approval by Supervisor and the Audit Committee. Including completing a risk assessment for the organization that can be used jointly by the Compliance and Enterprise Risk departments (ERM)

Recommend enhancements and changes to the audit program to ensure effectiveness. Perform audit fieldwork and assume responsibility of oversight of all elements of the audit program. This includes individual reviews, evaluating the soundness, adequacy, effectiveness, and proper application of accounting, financial, regulatory compliance, and operational controls, and determining the extent of compliance with laws, regulations, and internal controls including policies, procedures, and established practices

Responsible for reviewing the activity of the departments classified as the “second line of defense, including compliance, quality control, ERM and any other departments within this category to insure they are fulfilling their role as a proper check and balance in the organization

Assume responsibility for the oversight and completion of FDICIA testing, including coordinating with external auditors. Communicate findings with senior management. Design and execute additional testing to demonstrate proper remediation when necessary. Maintain FDICIA control documentation and test results

Coordinate the meeting schedule for the Audit & Compliance Committee

Issue reports to appropriate levels of management stating conclusions and recommendations for improving the organization’s control structure

Interact with Senior Management in coordinating appropriate responses to audit report findings or other identified concerns within the organization

Work closely with other business units to monitor and follow up on issues discovered during internal or external audits and reviews to ensure corrective action is taken

Assist in or conduct presentations to appropriate levels of management or the Audit Committee or Board of Directors at the conclusion of an audit

Participate from an audit perspective in committee proceedings and evaluations of new policies, procedures, systems, and products as assigned

Maintain a current knowledge of developments applicable to the position in the areas of auditing, banking, regulatory compliance, and technology, including requirements under FDICIA

Work closely with external auditors and examiners in their work as assigned and assist in the preparation for regulatory examinations

Act in accordance with FBT policies and procedures as set forth in the employee handbook

Adhere to compliance procedures and participate in required compliance training

Qualification

Certified Internal AuditorCertified Public AccountantBanking experienceAuditing standardsRegulatory complianceAnalytical skillsProblem-solving skillsCommunication skills