Chief Audit Executive

Loans•Bedminster, NJ

About The Position

Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients’ needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy. What makes Peapack Private different from our competition? We are an institution that’s over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the eight consecutive year, by American Banker as one of the ‘Best Bank to Work For’ across the nation. Our secret sauce in one word is our ‘culture’. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness. There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing! Position Overview: Manages independent audits of operational processes and financial reporting in order to ensure regulatory compliance and that internal controls are appropriately designed and functioning as intended. Additionally, is responsible for providing assurance related advisory where appropriate and offering input and insights on controls to executive leadership. The results of audit operations are reported quarterly to the audit committee directly, and by extension, the board of directors.

Requirements

15+ years of experience in auditing and financial institutions; preferably within Banking institutions
Bachelor’s degree, CPA and/or MBA highly desired
Proficient in internal audit theory, standards, procedures, and techniques
Ability to partner effectively and work as one team across all levels of the Bank
Strong collaborator and skilled at building productive relationships with Bank colleagues and vendors
Strong executive presence and sufficient knowledge of the banking industry to provide meaningful and business-based recommendations to executive leadership.
Significant experience with designing and delivering Board level presentations.
Supervisory experience
Experience with the financial reporting requirements of publicly traded organizations.
Excellent verbal and written communication skills
Proficient in Microsoft, Excel, and Word and data analytics, audit workflow software (e..g., Teammate, Optro, etc.)

Responsibilities

Develops and maintains a risk-based audit universe that is comprised of auditable entities designed to meet the assurance requirements of the entire organization.
Manages the SOX testing program within the company and ensures coordination with the external auditor.
Ensures that the Internal Audit group is maximizing the use of automated tools and processes to maximize the reach and of the audit function and the efficiency of the staff.
Prepares quarterly reporting packages for the audit committee which presents the results of all audit activity as well as detailed analysis of issues identified including any trending and the status and aging of outstanding issues as well as progress on remediation.
Is responsible for the overall direction of subordinate staff.
Participates in interviewing, hiring and training activities.
Plans, assigns, reviews, and directs work activities, addresses and resolves issues.
Responsible for the professional development of the internal audit staff. This includes appropriate training, the pursuit of professional certifications and expanding their knowledge of the business and the banking industry.
Manages document requests and interactions with regulators, external auditors and any other legal or assurance related third parties.