Senior Auditor I

Salem Five Cents Savings Bank • Salem, MA

298d

About The Position

Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers. Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families. Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we're all about.

Requirements

• Demonstrated commitment to continuing professional education required.
• Four-year college or university program completion.
• At least 3-5 years of experience or equivalent combination of education and experience, ideally with at least 1-3 years of internal audit experience.

Nice To Haves

• At least one of the following designations is preferred: Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified Bank Auditor (CBA), Certified Regulatory Compliance Manager (CRCM), Certified Public Accountant (CPA), or Certified Risk Professional (CRP).

Responsibilities

• Assists the Audit team in the completion of overall audit plan as approved by the Audit Committee with the goal of ensuring compliance with internal audit policies and industry best practices.
• Implements risk based audit programs and conducts audits for all business lines; incorporating operational review, regulatory compliance, loan review, information technology, and accounting areas to determine the adequacy and effectiveness of the company's systems of internal accounting and operating controls.
• Reviews established systems during the audit process to ensure compliance with company policies and procedures.
• Reviews company procedures for compliance with regulations that could have a significant impact on operations.
• Recommends policy/procedure improvements where required.
• Reviews the accounting management information and reporting systems to ensure adequacy and reliability.
• Drafts audit reports based on company standards and industry best practices that address specific findings and recommendations.
• Attends exit meeting with the auditees to discuss the findings and recommendations, if applicable.
• Recommends audit ratings to the Audit Director, based on the findings.
• Reviews management's responses on audit findings, recommendations and comments for propriety.
• Monitors management response and implementation of the Audit recommendations.
• Conducts special studies for management such as those required to discover mechanics of detected fraud and to assess the adequacy of controls for fraud prevention.
• Determines whether management is following up on outstanding audit issues and regulatory findings.
• Reports findings to the Audit Manager or Director.
• Performs special projects as directed by the Audit Manager or Director.
• Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.
• Demonstrates a commitment to Salem Five's core values.
• Regular attendance and local travel are essential to this position.

Benefits

• Health Insurance
• Dental
• Vision
• Flexible Spending Account
• Health Savings Account
• 401k Matching
• Tuition Reimbursement
• Employee Referral Program
• Summer Family Outing
• Annual Holiday Reception

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree