Senior Internal Audit Officer

Stock Yards Bank & Trust • Louisville, KY

12d

About The Position

The Senior Internal Audit Officer is primarily responsible for planning and executing audits of the Bank’s financial, operational and/or regulatory compliance areas and will also perform testing of the effectiveness and efficiency of internal controls over financial reporting in accordance to the Sarbanes-Oxley Act. The auditor will submit written reports of audit findings with meaningful recommendations to help management ensure adequate internal controls are operating effectively and that the Bank is in compliance with banking laws and regulations.

Requirements

• BA/BS degree in accounting or a related business field or equivalent work experience with bank auditing
• 4+ years of internal or external auditing experience
• Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts
• Employees must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others
• Employees must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures
• Employees should also be flexible to changing working situations and able to meet deadlines as they arise
• Ability to work independently in a fast-paced, deadline-driven environment
• Ability to read and research FDIC or FFIEC regulations and manuals, develop audit work programs using research tools, and perform testing to ensure compliance with bank policies and procedures
• Ability to multi-task and prioritize work to meet deadlines and time budgets
• Ability to maintain discretion, independence and objectivity
• Ability to build trust and develop positive working relationships with all levels of management and staff
• Must have the ability to interview employees and ask questions to determine root causes of deficiencies in order to make meaningful recommendations
• Strong planning, project management and organizational skills
• Ability to take ownership of assigned audits and produce quality work and show initiative in staying abreast of new regulations or best practices
• Strong analytical skills with the ability to summarize information, identify trends, reach conclusions, and make recommendations to reduce future deficiencies
• Proficiency in application of internal auditing theory, standards, documentation, procedures and techniques
• Extensive knowledge of bank policies and procedures
• Knowledge of Sarbanes-Oxley Act section 404
• Knowledge of various banking regulations
• Knowledge of generally accepted accounting principles
• At least moderate experience with MS Word and Excel

Nice To Haves

• Bank audit experience preferred
• Public accounting experience preferred
• CPA, CIA, CRCM or other accounting / auditing / compliance certifications preferred
• Alternatively, a willingness to obtain a relevant certification within 12-24 months of employment
• Experience using paperless audit work papers preferred

Responsibilities

• Completes internal audits of financial, operational and/or regulatory compliance areas of the Bank, including documenting findings and recommendations
• Evaluates the adequacy and effectiveness of internal controls and compliance with policies and procedures
• Performs specific audit procedures and prepares workpapers supporting and concluding on audit procedures performed
• Submits formal written audit reports describing audit findings, the risk/effect, and meaningful practical recommendations or corrective action steps
• Reviews the design and tests the operating effectiveness of internal controls over financial reporting in accordance with the Sarbanes-Oxley Act
• Assists external auditors with the annual financial audit
• Assists with bank examinations as assigned
• Conducts special projects and other duties as assigned
• Attend relevant training (a minimum of 30 relevant CPE hours per year)

What This Job Offers

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