Manager of Internal Audit- Ford Credit Bank

Ford Motor • Salt Lake, UT

16h • Hybrid

About The Position

The Manager of Internal Audit is responsible for planning, executing, and reporting on the Bank’s internal audit program. This role involves leading a team of auditors to assess the adequacy and effectiveness of internal controls, identify areas of risk management and regulatory compliance, and provide actionable insights to management and the audit committee. The Manager of Internal Audit reports to the Head of Internal Audit for the bank and will be a key leader in the Bank’s third line of defense, initially helping to build the Bank’s internal audit function.

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Minimum of 7-10 years of experience in internal audit, public accounting, or a related field within the banking industry.
• Strong understanding of FFIEC guidelines, internal control frameworks (e.g., COSO) and Federal banking regulations.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficient in audit methodologies, risk assessment techniques, and sampling methodologies.
• Excellent written and verbal communication skills, with the ability to effectively communicate with all levels of management.
• Ability to work independently and as part of a team.
• Experience in a leadership or supervisory role
• Strong organizational and time management skills including managing multiple audit projects simultaneously.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
• Familiarity with audit software and data analytics tools is a plus.

Nice To Haves

• Active CIA (Certified Internal Auditor) or CPA (Certified Public Accountant) certification strongly preferred.

Responsibilities

• Assist the Head of Internal Audit in developing and implementing a risk-based audit plan aligned with the bank's strategic objectives and regulatory landscape. This includes defining the audit universe, risk assessment, audit scope, objectives, and testing methodologies.
• Lead end-to-end operational, financial, and compliance audits for key banking activities, including lending and deposit operations
• Identify and assess key risks inherent in the bank's business processes. Evaluate the bank’s risk management frameworks and help build awareness of emerging risks and regulatory changes impacting the banking industry to ensure proactive risk management.
• Draft clear, concise, and well-supported audit reports and work-papers that articulate audit findings, associated risks, root causes, and actionable recommendations for management.
• Effectively communicate audit results to relevant stakeholders, including senior management, and track the implementation of corrective action plans to ensure timely resolution of identified deficiencies.
• Supervise, mentor, and develop internal audit staff, fostering a culture of continuous improvement and professional development. Conduct performance evaluations, identify training needs, and promote a collaborative and high-performing work environment within the internal audit department.
• Maintain a thorough understanding of relevant banking regulations and industry best practices. Ensure audit procedures are designed to assess and test internal controls to ensure adherence to applicable laws and regulations.
• Assist in preparing documentation and managing coordination with external auditors and regulatory examiners (e.g., FDIC, UDFI)
• Proactively identify opportunities to enhance the efficiency and effectiveness of the internal audit function through the implementation of innovative audit techniques, data analytics, and technology solutions.
• Contribute to the development and maintenance of internal audit policies and procedures to ensure alignment with industry standards and regulatory requirements.

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager