Director - Audit & Assurance

Midland States Bank • Chicago, IL

1d • $125,000 - $200,000

About The Position

Independently examines and evaluates internal controls governing financial reporting and business processes, including review of the Company’s relevant risks, internal controls, efficiency, effectiveness, governance, performance and compliance. Provides assurance that the Company maintains effective internal controls at a reasonable cost across all business processes.

Requirements

• Bachelor’s degree from an accredited college or university on related subject.
• Significant experience in banking risk and / or audit management.
• Minimum five years of demonstrated experience in auditing and / or examinations.

Nice To Haves

• CPA or similar certifications are preferred.

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.

Benefits

• comprehensive healthcare
• well-being benefits
• paid family leave
• generous paid time off
• banking perks
• Employee Stock Purchase Plan
• 401K plan with company match
• may include the opportunity to participate in our Non-Qualified Deferred Compensation plan

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 501-1,000 employees