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VP, Internal Audit Manager & Issues Management

Company: North State
Location: El Monte
Posted on: August 5, 2022

Job Description:

GENERAL SUMMARYThe VP, Internal Audit Manager & Issues Management will be primarily responsible for day-to-day supervision and guidance to the audit staff. Manages audit projects and issues and routinely interacts with senior and executive management. Performs complex audits, as needed. Plays a key role in the development and execution of the overall audit plan. DIRECT REPORTSThe incumbent will have 2 direct reports.ESSENTIAL FUNCTIONSOversee the validation of issues by evaluating effectiveness and sustainability of remediation of issues.Review and provide feedback on new issues with audit teams as they are being developed.Review and provide feedback on issue closure package submissions with lines of business.Escalate to management risks to remediation timelines.Support management by generating various metrics reports for senior management and board level committees.Identify potential risk, including awareness of risks both within span of control as well as enterprise wide.Report results in an effective and timely basis, leading to appropriate remedial action and ongoing management of risk.Primarily responsible for auditing the Financial, Operational, Compliance & Sox functions. Responsibility includes involvement in integrated audits, providing subject matter expertise and leading the execution of the audit process.Manage the audit process from start to finish autonomously, including planning and audit execution according to a risk-based approach, recommending internal control improvements (including operational enhancements or efficiencies) and preparing audit reports. Effectively manage audit budget and deadlines. Provide updates to management on progress.Guide and direct the audit staff in all audit phases (planning, fieldwork, and reporting) to facilitate the identification and reporting of critical business risks.Manage multiple assignments, including, but not limited to audits, special projects, and other administrative duties.Develop expertise of the Bank's operations, establish effective business relationships within the Bank and assist management in the understanding and adaptation of internal control principles.Conduct continuous monitoring of business initiatives/ processes to identify areas of increasing and emerging risks within designated focus areas; escalate risk issues as appropriate, follow-up on solutions and propose specific coverage. Analyze and assess related risks assumed by the various businesses and develop a forward-looking view across the Bank.Present clearly formulated observations in a timely and professional manner to management both orally and in writing.Partner with audit clients to identify constructive, practical, innovative, and value-added solutions to issues identified.Participate in the quarterly issue verification process, comprising the follow up for the satisfactory completion of outstanding issues raised by regulators and/ or audits where required.Responsible for developing the audit staff by performing effective work paper review, preparing constructive interim and annual performance evaluations, and providing training opportunities.Manages staff including time and attendance, workflow management and employee relations. Responsible for employee retention.May participate in various key management committees, acting in an advisory capacity.Identify opportunities for, and participate in approved special projects, investigations, or other significant business issues.Liaise with regulatory authorities for operational related topics, as required.QUALIFICATIONSEducation: Bachelor's degree in Accounting, Finance or related field is preferred.Experience:At least 8 years related work experience, including at least 5 years of internal or external audit supervisory/management experience with increasing levels of responsibility in a Bank or Financial Services industry preferred.Skills/Ability:Knowledgeable about the financial industry and related markets, related regulatory bodies, and current industry events and trends.Deep understanding of risk assessment, audit methodology, and audit execution.Strong analytical skills and a willingness to keep up with industry, regulatory developments and learn new concepts/ methods.Excellent written and verbal communication and experience of effectively interacting with senior stakeholders.Strong leadership skills and ability to direct, coach, motivate and supervise staff.High ethical standards with demonstrated integrity, tact, and diplomacy.Organized with ability to manage complexity, multi-task and meet operational deadlines.Excellent computer skills, Proficient in Microsoft Office Products (i.e. Excel, PowerPoint, Word, etc.).CERTIFICATIONS:CPA, CIA or other related professional certification a plus.Additional qualifications, such as CFE, CAMS also preferred.

Keywords: North State, El Monte , VP, Internal Audit Manager & Issues Management, Executive , El Monte, California

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