Senior Internal Auditor

Medallion Bank•Cottonwood Heights, UT

1d•Hybrid

About The Position

The Senior Internal Auditor applies risk management and audit principles to help identify, measure, and document the bank’s responses to current and emerging risks, and executes the annual audit plan in accordance with the Institute of Internal Auditors (IIA) Global Internal Audit Standards. The role analyzes loan contracts and related documentation, financial statements, lien documentation, accounting transactions, and regulatory compliance materials. It also reviews information security measures, cybersecurity controls, and other IT systems. The position requires independent work and interaction with senior management, as well as reviews of second-line functions and collaboration with those functions when analyzing findings, developing recommendations, and communicating results to management. The position conducts audits across the bank’s operational areas, including consumer lending, accounting, model risk, compliance, and third-party lending partnerships. It evaluates governance, risk management, and internal controls; supports continuous Sarbanes-Oxley monitoring and reviews of internal controls over financial reporting; and independently reviews consumer credit underwriting, particularly at strategic partners. The auditor prepares engagement documentation and reports, coordinates with internal departments and external auditors, and presents findings to senior management, the Chief Audit Executive, and the Audit Committee. This is a Utah-based hybrid position requiring at least three days per week in the office, subject to business needs and management approval. Work takes place in a professional office or an approved home office setting.

Requirements

At least 6 years of previous experience with lending, compliance, or audits in the financial industry.
Bachelor’s degree in accounting, finance, or a related field, or a combination of experience and education.
Ability to manage deadlines and multiple tasks at different stages of completion.
General understanding of information security systems and related controls.
Understanding of lending documents, including promissory notes, security agreements, guaranties, forbearance agreements, and UCC filings.
Understanding of financial statements, including balance sheets, income statements, profit and loss statements, and budgets.
Experience working autonomously and following instructions with limited supervision.
Ability to handle sensitive or confidential data.
Experience with data management in Excel, Smartsheet, and other data analytics systems.
Must pass a pre-employment background check and maintain eligibility for continued employment.
Must comply with bank policies, procedures, and applicable regulatory requirements.
Must maintain professionalism, discretion, and confidentiality when handling customer, employee, and business information.
Must be authorized to work in the United States without current or future sponsorship requirements.
Must possess and maintain a valid driver’s license and acceptable driving record if travel is required.

Responsibilities

Conduct audits of bank operational areas, including consumer lending, accounting, model risk, compliance, and third-party lending strategic partnerships.
Evaluate the effectiveness of governance, risk management, and internal control processes.
Identify control deficiencies, process improvement opportunities, and emerging risks.
Audit IT infrastructure, applications, security protocols, information security systems, general controls, and processes for compliance with bank policies, industry standards, and regulatory requirements.
Support continuous Sarbanes-Oxley monitoring through regular sampling and testing of bank transactions, including review of internal controls over financial reporting (ICFR).
Conduct independent reviews of consumer credit underwriting activities, particularly those of strategic partnerships, to assess adherence to lending policies, regulatory requirements, and prudent banking practices.
Prepare engagement letters, request lists, risk assessments, and other documentation for the annual audit schedule.
Gather, review, and organize requested items and supporting documents for internal and external parties.
Collaborate with internal bank departments and external auditors to resolve audit findings promptly and ensure management commitments are met.
Prepare audit reports, summarize findings in audit work programs, and present findings to senior management, the Chief Audit Executive, and the bank’s Audit Committee.
Perform other duties as assigned.