Internal Auditor - Compliance

Farmers Logo 2022•Canfield, OH

21h

About The Position

The Internal Auditor - Compliance works closely with the Bank’s lines of business to assess risks, evaluate control design, and test control effectiveness using a risk-based approach across the Internal Audit program. The role also evaluates the Bank’s compliance with policies and regulations and supports Compliance Internal Audits, Branch Operations Internal Audits, and SOX testing. The position leads audit planning and execution, prepares documentation and workpapers, drafts reports, tracks audit milestones and open issues, and validates remediation of audit findings. It may also lead external resources assigned to audit projects, coordinate audit administration, engage with regulators as needed, and support responses to regulatory inquiries. The role maintains relationships with business unit management, keeps current on relevant regulatory and business matters, adheres to Bank policies and professional standards, and completes mandatory and elective training, including BSA and anti-money-laundering procedures.

Requirements

Bachelor’s degree in Finance, Accounting, or a related field.
Minimum of three years of experience in internal audit, enterprise-wide risk management, business risk, and/or compliance.
Knowledge of Word, Excel, Internet navigation and research, and Outlook.
Ability to communicate clearly and effectively, both verbally and in writing.

Nice To Haves

Banking and finance industry experience preferred.
Professional certification such as CPA, CIA, CISA, CAMS, and/or CRCM preferred.
Knowledge of internal audit management software, such as AuditBoard, preferred.

Responsibilities

Support Compliance Internal Audits, Branch Operations Internal Audits, and SOX testing.
Lead audit planning by identifying and analyzing risks, developing risk-based audit programs, and preparing appropriate documentation.
Schedule and lead meetings, including walkthroughs and status meetings.
Execute and document detailed testing using appropriate auditing methodologies.
Prepare workpapers that meet quality and professional standards.
Draft audit reports based on potential issues, document findings appropriately, and recommend value-added solutions based on root cause.
Effectively lead external resources assigned to audit projects.
Track audit progress against planned milestones and ensure timely report issuance.
Track open issues, follow up with business lines on remediation status, and validate remediation of audit findings in a timely manner.
Perform general administration, including co-source oversight, logistics coordination, management of audit requests and responses, and management of audit files.
Engage with regulators, such as the OCC, as needed, and support responses to regulatory inquiries.
Ensure overall quality, consistency, risk management, and adherence to department and professional standards; identify opportunities to improve audit processes.
Establish and maintain strong relationships with business unit management.
Remain current on regulatory requirements affecting the organization and increase knowledge of internal controls, accounting, business, company products, and company information.
Adhere to Bank policies and procedures.
Complete mandatory and elective training by the due date, including BSA and anti-money-laundering procedures.
Maintain compliance with appropriate rules and regulations.