Sr. Internal Auditor

Choice Bank•Fargo, ND

11h

About The Position

The Internal Auditor performs risk-based internal audits in conjunction with the internal audit plan. Work performed includes partnering with business unit staff to document, understand, and analyze financial, operational, and compliance processes, assess risks, test controls which manage risks, and report results. This position assists internal audit management with development of the internal audit plan, championing internal control and corporate governance concepts throughout the business, and fostering improvement of the audit process. The Internal Auditor coordinates engagements with third-party auditors and regulatory bodies and tests controls to support the bank’s FDICIA program. Form relationships, build trust, and partner with audit clients and audit team members Collaborate with audit clients and audit team members to share knowledge Employ thought leadership via a growth mindset approach Be inquisitive and curious to gain knowledge of the business function, processes, and systems Seek out industry trends and information to proactively identify emerging enterprise risks Stay apprised of company strategy and changes throughout the organization Respectfully and thoughtfully challenge and fearlessly ask why Understand and apply risk assessment methodology and risk management techniques Identify and analyze business processes, key risks, and critical controls Prepare or update planning and risk assessment documentation Develop and update risk-based audit programs Conduct process walk throughs and review or develop process documentation Evaluate control design adequacy in meeting established objectives Perform, or supervise audit team members in, the testing of control effectiveness Use appropriate sampling and control testing techniques Identify and assess the relevancy of possible observations, including root cause analysis Document work performed to support audit scope and conclusions Collaborate with audit clients to identify process improvements and solutions for risk mitigation Draft clear, concise, and actionable audit reports; professionally communicate audit results, verbally and in writing Conduct work in accordance with the Standards Perform follow up, including an appropriate level of validation testing, on the state of outstanding audit observations Conduct FDICIA internal control testing and assists with program documentation and reporting

Requirements

Minimum of 8 to 10 years of relevant experience with requisite competencies
Independently manages complex issues, analysis, and mid to large sized audit projects
Provides oversight and direction for co-source and outsourced audit coverage
Has relevant audit and banking experience within a complex banking environment and expert competencies in critical thinking, analysis, business acumen, attention to detail and report writing
Expert application of audit standards and methodology; documents workpapers accordingly
Routinely uses judgment on moderate to complex problems
Advanced understanding of industry knowledge, organizational objectives and the competitive environment and risks to those objectives; understands and recommends appropriate risk mitigation strategies; provides innovate, value-added recommendations
Expert knowledge of more than one discipline
Influences timelines, expectations and proactively builds partnerships across all levels of teams and the organization
Progresses department procedures and develops staff for current and long-term department needs
Relies heavily on data and observations to identify opportunities for improvement
Be accountable and responsible for projects, timelines, and quality of work
Self-directed and able to produce in a remote environment
Be proficient with Microsoft Suite of products

Responsibilities

Partnering with business unit staff to document, understand, and analyze financial, operational, and compliance processes
Assess risks, test controls which manage risks, and report results
Assist internal audit management with development of the internal audit plan
Champion internal control and corporate governance concepts throughout the business
Foster improvement of the audit process
Coordinate engagements with third-party auditors and regulatory bodies
Test controls to support the bank’s FDICIA program
Form relationships, build trust, and partner with audit clients and audit team members
Collaborate with audit clients and audit team members to share knowledge
Employ thought leadership via a growth mindset approach
Be inquisitive and curious to gain knowledge of the business function, processes, and systems
Seek out industry trends and information to proactively identify emerging enterprise risks
Stay apprised of company strategy and changes throughout the organization
Respectfully and thoughtfully challenge and fearlessly ask why
Understand and apply risk assessment methodology and risk management techniques
Identify and analyze business processes, key risks, and critical controls
Prepare or update planning and risk assessment documentation
Develop and update risk-based audit programs
Conduct process walk throughs and review or develop process documentation
Evaluate control design adequacy in meeting established objectives
Perform, or supervise audit team members in, the testing of control effectiveness
Use appropriate sampling and control testing techniques
Identify and assess the relevancy of possible observations, including root cause analysis
Document work performed to support audit scope and conclusions
Collaborate with audit clients to identify process improvements and solutions for risk mitigation
Draft clear, concise, and actionable audit reports; professionally communicate audit results, verbally and in writing
Conduct work in accordance with the Standards
Perform follow up, including an appropriate level of validation testing, on the state of outstanding audit observations
Conduct FDICIA internal control testing and assists with program documentation and reporting