Operational Auditor

Western Alliance Bank•Phoenix, AZ

About The Position

As an Auditor you'll assist in assessing the design and operational effectiveness of controls within the various audits in your assigned coverage areas, supporting the execution of the department's annual audit plan. You'll prepare for and attend process walkthrough meetings, document process narratives, and test controls for adherence to bank policies and procedures, and compliance with federal and state banking regulations. You'll follow a similar process for testing and validating implemented management action plans designed to close audit issues. You'll report to an Associate Audit Director while having the opportunity to work with our audit leaders across the department, participating in audits in finance, banking operations, credit administration, risk management and compliance disciplines. Your Associate Audit Director will serve as your mentor to assist in your professional development. You'll also have the opportunity of attending and participating in your peer group meetings, which provide support and insight as your career develops. Support the Audit Director, Associate Audit Director and Audit Project Manager with audits across the organization and complete multiple audit assignments and/or projects. Understand risk management frameworks to help in internal control evaluation of audit assignments. Using the audit software (Wdesk/Workiva), create audit documentation for process narratives and test evaluate the design and operating effectiveness of internal controls to established policies & procedures as well as regulatory guidance. Respond to review notes generated by Audit Project Manager and Associate Audit Director, and provide conclusions and recommendations per audit methodology. Perform additional testing as determined to be necessary. Plan and perform test of validation for implemented management action plans. Assist in the closure of audit issues per audit methodology. Provide ad-hoc reports and status updates to supervisors. Comply with department annual training requirements and proactively draft and discuss performance goals with Associate Audit Director. Attend and participate in team, peer and one-on-one meetings.

Requirements

Bachelor's degree in related field required
Entry level knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services
Entry level knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
Entry level time management and organizational skills
Entry level public speaking
Entry level speaking and writing communications skills
Occasional travel required

Nice To Haves

Certified Public Accountant preferred
Certified Regulatory Compliance Manager preferred
Certified Anti-Money Laundering Specialist preferred
Credit Risk Certification (RMA), Certification in Control Self-Assessment (IIA), or Certification in Risk Management Assurance (IIA); preferred

Responsibilities

Assist in assessing the design and operational effectiveness of controls within the various audits
Prepare for and attend process walkthrough meetings, document process narratives, and test controls
Test and validate implemented management action plans designed to close audit issues
Support the Audit Director, Associate Audit Director and Audit Project Manager with audits across the organization
Create audit documentation for process narratives and test evaluate the design and operating effectiveness of internal controls
Respond to review notes generated by Audit Project Manager and Associate Audit Director, and provide conclusions and recommendations per audit methodology
Plan and perform test of validation for implemented management action plans
Assist in the closure of audit issues per audit methodology
Provide ad-hoc reports and status updates to supervisors
Comply with department annual training requirements and proactively draft and discuss performance goals with Associate Audit Director
Attend and participate in team, peer and one-on-one meetings