SVP Internal Audit Manager

Commonwealth Business Bank•Los Angeles, CA

13h•$160,000 - $200,000•Onsite

About The Position

This position will be responsible for reviewing the quality and effectiveness of the controls within the bank to manage and mitigate risk and protect the assets of the bank. In performing this work, the incumbent is expected to provide recommendations and advice to management and the Audit Committee of the Board of Directors.

Requirements

Working knowledge of GAAP, FASB, Federal and State regulations
Must have good interpersonal and communication skills
Must have good organizational skills
Working knowledge of MS Outlook and MS Office
Minimum of 5-10 years of financial or operational auditing experience within Banking or Financial Services industries
Bachelor’s Degree in Accounting, Finance or Business Administration or related fields

Nice To Haves

CPA is a plus

Responsibilities

Develop and maintain a statement of purpose, authority, and responsibility for the Internal Audit Department
Develop an Annual Audit Plan based upon a risk assessment of the organization
Update the entity level Risk Assessment used to create the Annual Audit Plan
Identify, evaluate, and recommend third party audit consultants to perform audit projects
Oversee the Execution of the Annual Audit Plan and ensure it is in accordance with audit programs, as appropriate, to ensure adequate internal controls exist and are operating effectively; policies, procedures, laws, and regulations are adhered to; and audit assignments are completed timely
Report findings and recommendations to the Audit Committee and/or senior management’s attention and end ensure corrective actions are completed timely
Monitor and report on the progress in resolving audit findings to the Audit Committee
Coordinate with third-party internal auditors & government regulators
Comply with professional standards of conduct
Maintain technical competence through continuing education
Comply with the Bank Secrecy Act and Anti-Money laundering regulations as well as all bank policies and procedures
Comply fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.). Complete all required training
Manage Internal Audit staff by providing timely performance feedback and completing the formal Year End Performance Evaluation