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Midwest BankCentre · 1 week ago

SVP, Director of Audit

St. Louis County, MO

Full-time

Hybrid

Senior Level, Lead/Staff

8+ years exp

Midwest BankCentre is a $3B community bank seeking a Director of Audit to lead and manage its Audit function. This role involves overseeing a comprehensive audit program, providing independent insights to executive leadership, and ensuring compliance with banking regulations.

BankingCommunitiesFinancial ServicesInsurance

Growth Opportunities

Hiring Manager

Heather Sennott

Responsibilities

Direct the strategic planning, operations, and overall performance of the Audit department

Develop departmental goals, processes, and staffing models to ensure adequate coverage of the Bank’s operations and regulatory expectations

Recruit, train, coach, and evaluate audit staff; ensure the team maintains a high level of professional competency

Manage the department budget and resources

Maintain appropriate independence and objectivity of the audit function while reporting administratively to the CFO

Lead and review the planning, execution, and reporting of operational, financial, branch, IT, and compliance audits

Ensure all workpapers and reports meet IIA Standards, GAAS, and internal quality expectations

Analyze audit findings to identify control gaps, inefficiencies, or compliance weaknesses

Provide clear, practical recommendations that enhance internal control structures and operational effectiveness

Present audit results and risk insights to senior leadership and the Audit Committee

Track and validate management’s corrective action plans to ensure timely remediation

Lead the Bank’s audit risk assessment process, considering emerging risks, regulatory changes, and strategic priorities

Develop and maintain a dynamic, risk-based annual audit plan for Audit Committee approval

Update the plan as needed based on shifts in risk, business growth, or regulatory expectations

Serve as primary liaison between the Audit function and the Audit Committee

Prepare and present quarterly Audit Committee packages, including audit activity updates, issue tracking, audit reports, and staffing updates

Present the annual audit plan and audit charter for approval

Share relevant regulatory insights, industry trends, and emerging risks impacting the Bank

Coordinate with federal and state regulators (FDIC, FRB, Missouri Division of Finance) during examinations

Serve as the internal point of contact for external auditors, including support for financial statement audits and internal control assessments

Oversee responses to exam and audit requests, ensuring accuracy and completeness

Maintain strong awareness of regulatory expectations for banks of comparable asset size and complexity

Maintain professional certifications and remain current on banking regulations, audit standards, and emerging risk areas

Ensure Audit staff receive ongoing development to maintain technical proficiency and effectiveness

Promote a culture of continuous improvement, integrity, and strong internal controls

Qualification

Certified Public Accountant (CPA)IIA Standards knowledgeBanking operations knowledgeCIA certificationCISA certificationGAAP knowledgeGAAS knowledgeCOSO framework knowledgeAnalytical skillsFinancial acumenIndependenceObjectivityCommunication skillsCollaborationTeamwork