Caliber Financial Services
Kansas
Job Description:
Job Title: Director of Internal Audit
Department: Legal/Compliance
Position location: This role is required to be in the office Tues-Thurs on a weekly basis
Approved Date: 09/30/2024
Summary: The Director of Internal Audit is responsible for providing strategic direction, leadership, and coordination of the Company’s Annual Audit Plan which includes both regulatory and operational risk. The Company is seeking an experienced auditor with strong knowledge of audit, risk management, and regulatory expectations at small to mid-size financial institutions. This individual will have skills and experiences to effectively manage deliverables, own and lead the risk management audit plan, provide oversight of audit activities over risk management activities, and deliver updates to committees, senior management, and other key stakeholders. However, given that the department is small (initially 2-3 people), this individual will also be expected to roll up their sleeves and perform audits as necessary.
Responsibilities:
- Driving the execution and coordination of the risk-based Annual Audit Plan. Includes identifying auditable entities and assessing regulatory operational risk across all auditable entities; determining appropriate audit cycles and audit strategy for the risk framework; and determining necessary audit resources and estimated expenses associated with completion of a forward looking 12-month audit plan. Maintaining an effective Continuous Monitoring Program which monitors key risks within auditable entities across multiple business lines and identifies any key emerging/evolving risks by routinely interfacing with independent peer institutions on regulatory trends and industry events.
- Lead a small team of auditors (both internal and contractors) and is expected to recruit, hire, and develop assigned personnel in accordance with Company policies. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing periodic performance feedback and annual performance evaluations for assigned personnel. Also includes addressing performance problems promptly.
- Perform audits of key processes and supervise audit team in the completion of audit engagements, ensuring the highest quality work is delivered timely. Supervision includes:
- Coordinating with audit team to plan audit engagements.
- Ensuring reviews are performed to ensure audit engagement work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.
- Reviewing audit reports which communicate audit opinions and audit issues in a timely, clear, and concise manner.
- Monitoring progress of audit engagements against plan and schedule and working with senior audit managers/audit managers to make necessary adjustments.
- Overseeing stakeholder reporting for completeness, consistency with other internal audit material and accuracy of the most up-to-date information. Overseeing ongoing progress and remediation by management for all outstanding issues across the entire enterprise. Presenting as needed at committee and senior management meetings as needed to communicate audit findings.
- Develop and deepen relationships through regular interactions with key internal and external stakeholders that include but are not limited to; senior management; internal control partners; regulatory agencies; external auditors; external subject matter experts; and industry peers. This includes regular participation within industry peer groups.
- Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating audit activities by integrating other internal audit subject matter teams (e.g., Operations, Human Resources, Technology, Compliance, Risk Management, Data, etc.) to ensure appropriate and efficient coverage of the business products, services, and processes. Managing the team’s workload to assist other teams when resources are needed for areas of higher risk.
The Right Candidate for This Position Will Exhibit:
- Business and Commercial Acumen – Has impressive intellectual and critical thinking skills and can be accretive to the senior management teams. Knowledgeable of emerging industry and regulatory laws. Must be able to “deep dive” into the details and the business while staying focused on the big picture and be able to “connect the dots”. Able to quickly integrate complex information and different points of view in problem solving exercises. Effectively probes for information critical to the decision at hand. Can quickly make effective decisions. Demonstrates new insights into situations. Is adept in data driven storytelling.
- Executing Results – Exhibits competitive drive. Is not afraid to challenge the status quo; exhibits a mindset of creativity, innovation, and an energetic drive to succeed. Creates healthy tension to yield optimal outcomes. Able to set and meet aggressive goals and action plans, both as an individual and leading a team. Able to execute against multiple projects/workstreams, adapt quickly and excel in a fast-paced environment. Exhibits a highly disciplined approach to developing and executing initiatives that reflect the broader business objectives; able to incorporate key inputs from multiple stakeholder groups. Closely manages initiatives for impact.
- Leadership – A proven leader able to build, lead, motivate and retain a high performing team. Gets the best performance from people. Taps into people’s needs, interests, and goals to motivate them to achieve. Inspires commitment from people and mobilizes teams toward high performance and goal achievement.
Preferred Skills/Experience
- Bachelor’s degree (preferably in Accounting, Finance, Management Information Systems).
- 8 or more years of progressive experience in internal auditing, public accounting, or other relevant experience.
- 5 or more years of financial services operations audit experience and expert understanding of applicable laws, regulations, financial services, and regulatory trends that impact operations. Examples of applicable laws include:
- Consumer Financial Protection Act; Restrictions on Unfair, Deceptive, or Abusive Acts or practices; Consumer Credit Protection Act; Truth in Lending Act; Fair Credit Reporting Act; Equal Credit Opportunity Act; Fair Debt Collection Practices Act; Electronic Fund Transfer Act; Gramm-Leach-Bliley Act; Electronic Signatures in Global and National Commerce Act; Controlling the Assault of Non-Solicited Pornography and Marketing Act; Military Lending Act; Servicemembers’ Civil Relief Act; Telephone Consumer Protection Act; Bank Secrecy Act; Anti-Money Laundering Act; and Telemarketing Sales Rule
- Five or more years of managerial experience. CIA, CPA, CISA or other relevant professional designation
- Strong knowledge of audit, risk management, and regulatory expectations (e.g., Office of the Comptroller of Currency’s Heightened Standards and Federal Reserve Board’s Large Financial Institution Rating System) at large financial institutions.
- Proven leadership skills. Expert level of verbal and written communication, relationship building and negotiation skills. Expert skill in managing challenging situations.
- Ability to manage multiple tasks and deadlines simultaneously.
- Expert understanding of Institute of Internal Auditors’ Standards and the common definition of internal controls. Expert understanding of the business line’s operations, products/services, systems and associated risks/controls.
Work Environment
This role is required to be in the office Tues-Thurs on a weekly basis
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