VP, Sr. Manager, Professional Practices Audit

Cathay Bank•El Monte, CA

13h

About The Position

The VP, Sr. Manager, Professional Practices Audit reports directly to the SVP, Chief Audit Executive. Internal Audit Professional Practices is responsible for managing professional practices, coordinating work planning activities, expanding and supporting the use of technology and data analytics, monitoring and reporting the implementation of the work plan, administering the Audit system, and coordinating training and professional development activities. This role involves implementing and developing leading practices, strategy, and methodology, proposing improvements, integrating audit professional practices, and participating in bank-wide meetings and working groups. The position also involves providing training on methodology/audit platforms, producing sophisticated reporting on audit issues and KPIs, and serving as a thought leader on the evolving role of internal audit. Key responsibilities include administering and monitoring the Quality Assurance and Improvement Program (QAIP), coordinating external quality assurance reviews, optimizing audit processes, advising on scaling assurance and advisory services, developing and maintaining the audit universe, and serving as the primary administrator for audit management software. The role also focuses on expanding the use of data analytics and automation, monitoring work plan implementation, preparing reports for senior management and committees, managing the issuance of audit reports, preparing Audit Committee materials, and coordinating with regulators. Additionally, the position administers and monitors the training and professional development program, identifies skill gaps, and develops training plans. The role requires partnering with bank management on complex assignments, understanding business strategies, and representing Audit on committees and projects.

Requirements

At least 3-5 years of professional practices experience and/or 7+ years of experience in conducting /managing audit or control functions.
Extensive knowledge and experience in developing risk-based audit methodologies, risk assessments, annual planning, risk and control, quality assurance practices.
Proven track record in project management and coordination / integration efforts across multiple audit groups.
Excellent communication – presentation and writing ability: communications, trainings, proposals, methodologies, and policies.
Solid knowledge of the audit and banking /financial industry and its associated risks.

Nice To Haves

Advanced university degree (Master’s degree or equivalent) preferably in business administration, finance, accounting or a related field.
Certification as a Certified International Auditor (CIA), Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Information Systems Auditor (CISA) or equivalent is desirable.

Responsibilities

Responsible for the implementation and development of leading practices, strategy, and methodology.
Proposing improvements and integrating audit professional practices.
Participating in Bank wide meetings and working groups to support initiatives.
Providing or assisting in methodology / audit platform training.
Producing sophisticated reporting on audit issues and KPIs to senior management and committees.
Serving as a thought leader on the evolving role of internal audit and keeping abreast of innovations, developments, and best practices in internal auditing.
Researching and drafting standard operating procedures and guidance to ensure compliance with the IIA International Standards for the Professional Practice of Internal Auditing.
Coordinating, documenting, and communicating changes in policies, procedures, guidance, methodologies, and approaches.
Administering and monitoring the Internal Audit Section’s Quality Assurance and Improvement Program (QAIP).
Planning and coordinating independent internal and external quality assurance reviews.
Advising the CAE on actions to further improve the management and conduct of internal audit services.
Assisting in editing and the quality assurance review of internal audit outputs.
Coordinating the External Quality Assurance reviews.
Optimizing the efficiency and effectiveness of audit processes.
Advising and supporting the CAE and the Internal Audit Management Team in scaling up assurance and advisory services.
Developing and maintaining the audit universe.
Proposing strategies and methodologies for risk-based audit work planning.
Coordinating audit work planning activities.
Documenting, communicating, and ensuring broad acceptance of the work plan.
Ongoing and dynamic enterprise risk monitoring and proposing reprioritization of internal audit services.
Maintaining and updating the audit work plan as appropriate.
Serving as focal point and primary administrator of the audit management software.
Leading efforts related to user requirement definition, acquisition, configuration, and liaison with IT, IS and vendors for audit management software.
Training and supporting end-users of the audit management software.
Partnering with Internal Audit Management Team to identify opportunities to utilize data analytics and automation.
Expanding and supporting the use of technology and data analytics in risk-based work planning and engagement-level planning, execution, and reporting.
Monitoring progress of assurance and advisory engagements.
Preparing reports on the implementation of the internal audit work plan.
Coordinating/drafting the Internal Audit Section’s input to Executive Board, and the Audit Committee.
Developing and generating exception-based management reporting, and KPIs against key department targets.
Preparing summary issue reports on common and cross cutting issues.
Preparing advisory communications on issues of significance and results of audit activities.
Managing the issuance and disclosure of internal audit reports.
Coordinating management responses and any questions from management, Risk Advisory Committee, BOD, external auditors, and regulators.
Preparing Audit Committee materials.
Coordinating and communicating the department’s activities with key regulators.
Administering and monitoring the IA Departments training and professional development program.
Coordinating the identification of skill gaps in relations to the IIA competency framework competencies.
Developing a comprehensive training plan medium/long-term training plan based on training needs.
Monitoring and reporting on implementation of training plan.
Partnering with bank management on more complex assignments to implement enterprise-wide activities.
Representing Audit on more complex and/or critical bank committees, projects, or tasks forums.
Carrying out other tasks as may be assigned by the CAE.