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Midland States Bank · 17 hours ago

Director - Audit & Assurance

Maryland Heights, MO

Full-time

Hybrid

Mid, Senior Level

$125K/yr - $200K/yr

5+ years exp

Midland States Bank is a unique financial institution with a focus on personalized customer service and community empowerment. The Director of Audit & Assurance is responsible for examining and evaluating internal controls, managing audit teams, and ensuring compliance with professional standards while providing assurance on the company's internal controls and governance.

BankingFinanceFinancial ServicesWealth Management

Responsibilities

Prepares MSB’s Internal Audit Plan based on identified financial and operational risks and relevant accounting requirements for each financial year and presents it to the Senior Risk Committee for review and Audit Committee of the Board of Directors for approval

Manages teams of auditors specializing in financial and operational audits, as well as administrative / support personnel

Sponsors the Company’s Internal Audit Policy

Complies with professional accounting and auditing standards in the conduct of all assurance activities

Provides to executive management and the Audit Committee an Internal Audit progress report detailing Control measures analyzed, Internal Audit methodology, findings, recommendations and a summary of management’s responses, actions and action dates

Serves as the Company’s primary liaison with federal and state regulators to ensure efficient and effective completion of onsite examinations and follow-up

At least quarterly, supplies a summary of Internal Audit observations, actions taken and action outstanding to the Senior Risk Committee and Audit Committee of the Board of Directors

Works with subject matter experts within Risk Management to ensure efficient and effective conduct of independent reviews of operational, credit and regulatory risks

Ensures an appropriately broad range of internal audit coverage in consideration of the Company’s strategies, business processes, risks and Controls

Determines the reliability and integrity of financial and operating information and the means used to identify, measure, classify and report such information

Reviews the systems established to ensure compliance with policies, plans, procedures, laws and regulations for which non-compliance could significantly impact the Company’s operations and / or financial performance

Reviews the means of safeguarding assets and, where appropriate, verifies the existence of such assets

Continually evaluates the efficiency and effectiveness with which assurance resources are employed, identifying opportunities to improve operating performance, and recommending solutions to problems where appropriate

Reviews operations or programs to ascertain whether (1) results are consistent with established objectives and goals, and (2) operations or programs are being carried out as planned

Coordinates audit & assurance work with External Auditors to ensure completeness of coverage, reduction of redundant effort and the effective use of audit resources

The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed

May require work in a Midland office to ensure collaboration and support of internal and external customers

Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA)

Other duties as assigned

Qualification

Audit managementBanking riskCPA certificationInternal controlsFinancial reportingBusiness insightCultivates innovationDrives resultsMakes sound decisionsSelf developmentCustomer focusEmotional IntelligenceFlexibility