Senior Audit Manager

S&T Bank • Main Office, CA

3d • $95,000 - $283,500 • Onsite

About The Position

Under the general supervision of the Chief Audit Executive, assumes responsibility for overseeing the planning and executing of the annual risk-based audit plan for S&T Bancorp, Inc., and its affiliates (“S&T”). Has responsibility for assisting the CAE / Deputy CAE in establishing and monitoring Internal Audit’s performance measurements to ensure high quality standards for the audit strategy, execution, and reporting. Assists in facilitating integration of the audit strategy with S&T’s strategy by linking Internal Audit’s performance to S&T’s mission and objectives. Ability to inspire others to be strategic/critical thinkers and recognize the risks to the achievement of business objectives, evaluate related control implications and communicate these effectively to senior management.

Requirements

• Sound knowledge of, and ability to instruct others on executing audits in accordance with the International Professional Practices Framework of the Institute of Internal Auditors and other applicable regulatory guidance (e.g., Federal Reserve SR13-1, etc.), including evolving interpretations or practices.
• Extensive technical competence and judgment to identify, research, and evaluate issues and risks.
• Strong application of generally accepted accounting principles (GAAP) and bank industry guidance to extract relevant information from volumes of data to identify and address risks including strategic, business, and operational risks.
• Extensive banking industry experience to properly evaluate all relevant risks (e.g., operational, regulatory, compliance, general information technology, etc.) within the audit universe.
• Ability to identify, analyze, and interpret thematic control issues not only from internal audit’s work, but also from data gathered from management and other assurance functions within the organization.
• Ability to inspire others to be strategic/critical thinkers and recognize the risks to the achievement of business objectives, evaluate related control implications and communicate these effectively to senior management.
• Ability to maintain current knowledge of assigned functions within the industry and developments within S&T.
• Ability to conduct interviews of selected personnel for the purpose of documenting and evaluating business processes to determine the potential risk drivers and/or the adequacy of internal controls.
• Ability to develop and maintain current, detailed audit programs for audits of assigned functions that include identification of risks, controls, fraud indicators, and ensuring that alignment is maintained with the changing profile/risks of the banking industry and S&T.
• Ability to supervise professional staff, including evaluating performance, taking corrective action to address any performance issues, salary administration, directing job assignments, and identifying developmental/training opportunities to enhance their audit and banking knowledge and expertise.
• Ability to review electronic work papers and reports of subordinates or peers performing audits of assigned functions or processes to ensure the technical adequacy and adherence to professional internal auditing standards, including ensuring that audit work papers are documented in accordance with S&T’s audit methodology and that they meet quality requirements.
• Ability to exercise professional judgment to determine materiality of findings and adequacy and effectiveness of the operation.
• Ability to manage the efficiency and effectiveness of each engagement assignment by leveraging dashboards / reporting from the audit software.
• Ability to maintain contact with and provide input and advice to functional managers on risks and controls associated with new or revised products, services, or functions as requested or assigned.
• Ability to develop and challenge the audit methodology, policies, and procedures.
• Ability to ensure that current, efficient audit techniques and approaches are being considered and used in order to more efficiently and effectively accomplish the overall objectives and responsibilities of the internal audit department.
• Ability to prepare the annual risk-based audit plan and overall audit strategy by identifying and prioritizing areas of risk and exposure, and overall audit needs within assigned functional areas and by providing specific input on audits, timing, and resource allocation.
• Ability to coordinate with third parties that may be utilized to assist in the risk assessment process (e.g., regulatory compliance and information technology risk assessments) and reviewing the risk assessment results for sufficiency.
• Ability to oversee the planning, execution and reporting of the annual risk-based audit plan, as approved, including as appropriate, any special projects requested by management or the Audit Committee.
• Ability to manage Internal Audit’s performance measurements and align resources and processes to ensure targets are achieved.
• Ability to prepare and present Audit Committee materials, which primarily includes effectively reporting audit results and measuring, monitoring, and reporting internal audit’s performance.
• Ability to assist with the development and facilitation of staff trainings.
• Ability to assist with recruiting efforts by meeting with recruits and providing meaningful feedback regarding candidates.
• Ability to assist with the oversight and management of co-sourced and outsourced third-party provider engagements that may be utilized in the completion of the annual audit plan.
• Ability to oversee the coordination with the independent auditors and regulatory examiners as they seek information to complete their audits/reviews in these areas.
• Ability to brief departmental management and staff throughout S&T on the audit objectives and scope, progress of ongoing audit work and final audit results.
• Ability to review written reports on the results of audit work which are distributed to the auditee, Senior Management, independent auditors, regulatory examiners, and the Audit Committee of the Board of Directors.
• Ability to evaluate audit issue responses received from management for adequacy, effectiveness, and timeliness and supervise staff to determine the necessary audit follow-up procedures.
• Ability to manage day-to-day office operations such as ensuring audits are on schedule, weekly time reports are submitted, and quality assurance procedures are adhered to in operating practice.
• Ability to undertake self-development through attendance at training courses offered by S&T, on the job training and through the pursuit of other forms of training and development suited to achieving departmental goals and objectives and individual needs.
• Works independently, as well as motivated to work as a team player, exhibits excellent interpersonal and communication skills, to contribute to the success of the department and in turn, the organization.

Nice To Haves

• Assists in facilitating integration of the audit strategy with S&T’s strategy by linking Internal Audit’s performance to S&T’s mission and objectives.
• Assists the Chief Audit Executive by: Developing and challenging the audit methodology, policies, and procedures.
• Assists with the development and facilitation of staff trainings.
• Assists with recruiting efforts by meeting with recruits and providing meaningful feedback regarding candidates.
• Assists with the oversight and management of co-sourced and outsourced third-party provider engagements that may be utilized in the completion of the annual audit plan.
• Assists with the development and facilitation of staff trainings.
• Assists with recruiting efforts by meeting with recruits and providing meaningful feedback regarding candidates.

Responsibilities

• Has sound knowledge of, follows, and instructs others on executing audits in accordance with the International Professional Practices Framework of the Institute of Internal Auditors and other applicable regulatory guidance (e.g., Federal Reserve SR13-1, etc.), including evolving interpretations or practices.
• Extensive technical competence and judgment to identify, research, and evaluate issues and risks.
• Strong application of generally accepted accounting principles (GAAP) and bank industry guidance to extract relevant information from volumes of data to identify and address risks including strategic, business, and operational risks (e.g., what can go wrong in the processing of transactions and/or impact on recording financial information accurately). This includes extensive banking industry experience to properly evaluate all relevant risks (e.g., operational, regulatory, compliance, general information technology, etc.) within the audit universe.
• Ability to identify, analyze, and interpret thematic control issues not only from internal audit’s work, but also from data gathered from management and other assurance functions within the organization.
• Proactively communicate and discuss new pronouncements/standards, industry trends and understands effects on the business. To support the Department’s advisory services, this includes providing insights to executives, line of business management, and the Audit Committee in a collaborative manner.
• Responsible for the Department’s audit liaison program, where individuals will be identified to develop and maintain professional relationships with applicable Management within higher risk areas of the Bank.
• Assess impact of business changes and current industry developments to determine changes, if any, to Internal Audit’s risk assessments, audit plan, methodology and/or process.
• Responsible for enhancing and/or maintaining the Department’s continuous risk assessment process.
• Assumes responsibility for overseeing the execution of assigned functional areas or processes within S&T and develops professional staff to serve as the “expert” or primary contact in these areas.
• Maintaining current knowledge of these functions within the industry and developments within S&T.
• Conducting interviews of selected personnel for the purpose of documenting and evaluating business processes to determine the potential risk drivers and/or the adequacy of internal controls.
• Developing, and maintaining current, detailed audit programs for audits of these functions that include identification of risks, controls, fraud indicators, and ensuring that alignment is maintained with the changing profile/risks of the banking industry and S&T.
• Supervising professional staff, including evaluating performance, taking corrective action to address any performance issues, salary administration, directing job assignments, and identifying developmental/training opportunities to enhance their audit and banking knowledge and expertise.
• Reviewing electronic work papers and reports of subordinates or peers performing audits of these functions or processes to ensure the technical adequacy and adherence to professional internal auditing standards, including ensuring that audit work papers are documented in accordance with S&T’s audit methodology and that they meet quality requirements (e.g., procedures are properly documented to support audit findings and that the appropriate audit recognition/attention is given to important areas such as, compliance matters, significant financial statement accounts/disclosures, etc.).
• Exercising professional judgment to determine materiality of findings and adequacy and effectiveness of the operation.
• Managing the efficiency and effectiveness of each engagement assignment by leveraging dashboards / reporting from the audit software. For example, reviewing periodic budget updates to monitor the actual time incurred and estimates to complete to manage one’s own time and the audit team within the parameters of a project and to utilize resources in the most effective manner.
• Will lead discussions regarding these matters during the weekly team meetings.
• Maintaining contact with and providing, input and advice to functional managers on risks and controls associated with new or revised products, services, or functions as requested or assigned.
• Assists the Chief Audit Executive by: Developing and challenging the audit methodology, policies, and procedures.
• Ensuring that current, efficient audit techniques and approaches are being considered and used in order to more efficiently and effectively accomplish the overall objectives and responsibilities of the internal audit department (e.g., leveraging technology to reduce costs and enhance the quality of internal audit services).
• This includes assisting the Data Analytics Audit Manager with oversight of the department’s audit software and data analytics processes, where data analytics are utilized for risk assessments, audit planning and audit fieldwork.
• Prepares the annual risk-based audit plan and overall audit strategy by identifying and prioritizing areas of risk and exposure, and overall audit needs within assigned functional areas and by providing specific input on audits, timing, and resource allocation.
• Also, responsible for coordinating with third parties that may be utilized to assist in the risk assessment process (e.g., regulatory compliance and information technology risk assessments) and reviewing the risk assessment results for sufficiency.
• Oversees the planning, execution and reporting of the annual risk-based audit plan, as approved, including as appropriate, any special projects requested by management or the Audit Committee.
• Managing Internal Audit’s performance measurements and aligning resources and processes to ensure targets are achieved.
• Per the IIA Standards, the Audit performance measurements are required to be approved by the Audit Committee on an annual basis and will assist in developing action plans for any performance measurements that do not meet the established thresholds.
• Prepares and presents Audit Committee materials, which primarily includes effectively reporting audit results and measuring, monitoring, and reporting internal audit’s performance.
• Assists with the development and facilitation of staff trainings.
• Assists with recruiting efforts by meeting with recruits and providing meaningful feedback regarding candidates.
• Assists with the oversight and management of co-sourced and outsourced third-party provider engagements that may be utilized in the completion of the annual audit plan.
• Oversees the coordination with the independent auditors and regulatory examiners as they seek information to complete their audits/reviews in these areas.
• Briefs departmental management and staff throughout S&T on the audit objectives and scope, progress of ongoing audit work and final audit results.
• These briefings include a discussion of findings and recommendations for corrective actions and an evaluation of the adequacy of management’s actions.
• These interactions require resourcefulness, tact and diplomacy in order to gain the trust and cooperation of the audited.
• Reviews written reports on the results of audit work which are distributed to the auditee, Senior Management, independent auditors, regulatory examiners, and the Audit Committee of the Board of Directors.
• These reports must clearly describe the audit scope, objectives, and findings, leading to sound conclusions and recommendations for corrective action.
• Evaluates audit issue responses received from management for adequacy, effectiveness, and timeliness and supervises staff to determine the necessary audit follow-up procedures.
• Manages day-to-day office operations such as ensuring audits are on schedule, weekly time reports are submitted, and quality assurance procedures are adhered to in operating practice.
• Undertakes self-development through attendance at training courses offered by S&T, on the job training and through the pursuit of other forms of training and development suited to achieving departmental goals and objectives and individual needs.
• Works independently, as well as motivated to work as a team player, exhibits excellent interpersonal and communication skills, to contribute to the success of the department and in turn, the organization.
• Performs additional duties as assigned.

Benefits

• Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
• The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
• S&T Bank believes in Equal Opportunity for all and is committed to ensuring all individuals, including individuals with disabilities, have an opportunity to apply for those positions that they are interested in and qualify for without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic.
• S&T Bank is also committed to providing reasonable accommodations to qualified individuals so that an individual can perform their job related duties. If you are interested in applying for an employment opportunity and require special assistance or an accommodation to apply due to a disability, please contact us at: Phone: [phone] Email: [email protected]

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed