Beneficial State Bank · 1 day ago
Internal Audit Manager
Los Angeles, CA, USA
Full-time
Onsite
Senior Level
$149K/yr - $210K/yr
7+ years expBeneficial State Bank is a B-Corp bank committed to transforming the banking industry. The Internal Audit Manager leads the bank's internal audit function, developing and executing auditing strategies aligned with regulatory standards while overseeing internal controls and risk management processes.
BankingFinancial ServicesPersonal Finance
Responsibilities
Leads the Bank‑wide internal audit function and related programs aligned with regulatory requirements, industry standards, and Audit Committee direction
Ensures the annual audit plan reflects key risks, emerging issues, and opportunities to enhance controls
Collaborates with Finance, IT, Compliance, Operations, and business units to support audit readiness and reinforce risk and control awareness across the Bank
Oversees planning and coordination of internal and external audit activities
Performs select internal audits to evaluate the effectiveness of internal controls and risk‑mitigation processes
Prepares clear, actionable audit reports and ensures audit findings are monitored to resolution
Identifies and assesses risks related to financial reporting, compliance, and operations
Evaluates the internal control environment and communicates control gaps and improvement opportunities to leadership and the Audit Committee
Maintains awareness of regulatory changes that impact audit practices, internal controls, and enterprise risk
Ensures audit and governance activities support compliance with applicable laws, regulations, and industry expectations
Completes all required compliance training on time, consistent with Bank‑wide expectations for all employees
Upholds the Bank’s compliance standards through adherence to policies, procedures, and regulatory requirements in the execution of audit responsibilities
Oversees the development and maintenance of policies related to internal controls, financial reporting, and audit governance
Ensures policies are communicated clearly and applied consistently
Prepares materials and provides updates to support effective Audit Committee oversight
Maintains a strong, collaborative relationship with the Committee and ensures members have the information they need
Promotes a strong risk‑management culture by providing guidance and awareness‑building for employees and Board members
Qualification
Required
Bachelor's degree in business administration, finance, accounting, or related field
Seven (7) years of relevant experience in banking internal audit, bank risk management or the equivalent
Proven track record of building and leading an internal audit function, audit projects, including the management of external project resources
Extensive knowledge of banking regulations, including those from regulatory bodies like the FDIC, Federal Reserve, OCC, CFPB, CA DFPI, etc
Experience interacting with a senior leadership team, and/or supporting an Audit Committee or comparable governance body
Demonstrated ability to manage complex, concurrent projects while maintaining professionalism, confidentiality, and strong stakeholder relationships
Certified Public Accountant (CPA) and/or Certified Internal Auditor (CIA)
Preferred
Master's Degree or equivalent (e.g., MBA, Master's in Accounting, Finance, or related field)
Certification in Risk Management Assurance (CRMA), Certified Information Systems Auditor (CISA), or other relevant audit/risk credentials
Experience in a mid‑size or community banking environment or other highly regulated financial services setting
Benefits
Medical / Dental / Vision / Basic Life / STD / LTD
Vacation Days: 2-4 weeks depending on role
Sick Days: 12 days per year
Holidays: 11 days per year
401(K) / ROTH / FSA / HSA / EAP
Education and Adoption Assistance
Bank-Wide Annual Discretionary Bonus Program
Production-based incentive program available for some roles.
Paid Volunteer Time: 4 days per year / annual match of qualifying employee donations
Paid Sabbatical Program after 5 years of service
Pet Benefits
Company
Beneficial State Bank
Beneficial State Bank is an FDIC-insured Community Development Financial Institution that serves businesses, nonprofit and individuals.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$4.96MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $4.96M
Leadership Team
Randell Leach
Chief Executive Officer
Tyson Smith, CTP
SVP, Chief Technology Officer
Recent News
Business Insider
2024-04-10
Company data provided by crunchbase