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Internal Audit Manager

Located about 60 miles east of Pittsburgh. Salary range of $70-77k

Qualifications

1.) 5 years of progressive assurance services experience in public accounting with exposure to audits of publicly traded banking institutions, including two years of supervisory experience.

2.) Bachelor’s degree in Accounting from an accredited college or university.

3.) Certification as a CPA or CIA.

4.) Experience with analyzing internal control structures and business processes in connection with the requirements of Section 404 of the Sarbanes-Oxley Act of 2002.

5.) Working knowledge of generally accepted accounting principles (GAAP) and experience with financial reporting requirements.

6.) Demonstrated ability to manage, mentor, and coach individuals in order to successfully accomplish the audit team’s overall objectives.

7.) Strong interpersonal and client service skills.

8.) Proven verbal and written communication skills, including active listening skills and skill in presenting findings and recommendations.

9.) Effectively define issues and propose solutions.

10.) Ability to adhere to strict client confidentiality.

11.) Ability to handle multiple priorities and meet tight deadlines.

12.) Competent with all standard computer applications (Word, Excel, PowerPoint, etc.)

Function:

Under the general supervision of the Chief Audit Executive, assumes responsibility for planning and executing or overseeing audits of specific assigned functions and processes throughout corporation and its affiliates to determine and report on the adequacy and effectiveness of internal controls over financial reporting, operations and regulatory compliance. Also has the ability to be a strategic thinker who understands banking business issues, recognizes the risks to the achievement of business objectives, can evaluate related control implications and communicate these effectively to senior management.

Duties and Responsibilities:

• Has sound knowledge of, follows, and instructs others on executing audits in accordance with the International Professional Practices Framework of the Institute of Internal Auditors, including evolving interpretations or practices.
• Possesses technical competence and judgment to identify, research, and evaluate issues and risks.
• Knowledgeable of the application of generally accepted accounting principles (GAAP) and bank industry guidance in order to extract relevant information from volumes of data to identify and address audit risks including strategic, business, and operational risks (e.g., what can go wrong in the processing of transactions and/or impact on recording financial information accurately).
• Ability to identify, analyze, and interpret themes not only from internal audit's work, but also from data gathered from management and other assurance functions within the organization.
• Proactively communicate and discuss new pronouncements/standards, industry trends and understands effects on the business.
• Assumes primary responsibility for assigned functional areas or processes within organization and serves as the “expert” or primary contact in these areas by:
  • Maintaining current knowledge of these functions within the industry and developments within organization.
  • Conducting interviews of selected personnel for the purpose of documenting and evaluating business processes to determine the potential risk drivers and/or the adequacy of internal controls.
  • Developing, and maintaining current, detailed audit programs for audits of these functions that include identification of risks, controls, fraud indicators, and ensuring that alignment is maintained with the changing profile/risks of the banking industry and organization.
  • Supervising professional staff, including evaluating performance and identifying developmental/training opportunities to enhance their audit and banking knowledge and expertise.
  • Reviewing work papers and reports of subordinates or peers performing audits of these functions or processes to ensure the technical adequacy and adherence to professional internal auditing standards, including ensuring that audit work papers are documented in accordance with organization's audit methodology and that they meet quality requirements (e.g., procedures are properly documented to support audit findings and that the appropriate audit recognition/attention is given to important areas such as, compliance matters, significant financial statement accounts/disclosures, etc.).
  • Exercising professional judgment to determine materiality of findings and adequacy and effectiveness of the operation.
    Managing the efficiency and effectiveness of each engagement assignment. For example, reviewing periodic budget updates to monitor the actual time incurred and estimates to complete to manage one's own time and the audit team within the parameters of a project and to utilize resources in the most effective manner.
  • Maintaining contact with and providing, input and advice to functional managers on risks and controls associated with new or revised products, services, or functions as requested or assigned.

Assists the Chief Audit Executive by:

• Helping to ensure that current, efficient audit techniques and approaches are being considered and used in order to more efficiently and effectively accomplish the overall objectives and responsibilities of the internal audit department. For example, leverage technology to reduce costs and enhance the quality of internal audit services.
• Assisting in the development of the annual risk-based audit plan and overall audit strategy by identifying and prioritizing areas of risk and exposure, and overall audit needs within assigned functional areas and by providing specific input on audits, timing and resource allocation.
• Implements the annual risk-based audit plan, as approved, including; as appropriate, any special projects requested by management or the Audit Committee.
• Assisting in the preparation and presentation of Audit Committee materials which primarily includes effectively reporting audit results and measuring, monitoring and reporting internal audit's performance.
• Serving as the secondary liaison (coordinator) with the independent auditors and regulatory examiners as they seek information to complete their audits/reviews in these areas.
• Briefs departmental management and staff throughout organization on the audit objectives and scope, progress of ongoing audit work and final audit results. These briefings include a discussion of findings and recommendations for corrective actions and an evaluation of the adequacy of management's actions. These interactions require resourcefulness, tact and diplomacy in order to gain the trust and cooperation of the audited.
• Prepares and/or reviews written reports on the results of audit work which are distributed to the auditee, Senior Management, independent auditors, regulatory examiners and the Audit Committee of the Board of Directors. These reports must clearly describe the audit scope, objectives and findings, leading to sound conclusions and recommendations for corrective action.
• Evaluates audit issue responses received from management for adequacy, effectiveness, and timeliness and supervises staff to determine the necessary audit follow-up procedures.
• Manages day-to-day office operations such as ensuring audits are on schedule, weekly time reports are submitted, and quality assurance procedures are adhered to.
• Undertakes self-development through attendance at training courses offered by organization, on the job training and through the pursuit of other forms of training and development suited to achieving departmental goals and objectives and individual needs.
• Demonstrates a strong ability to work independently, as well as motivated to work as a team player, exhibits excellent interpersonal skills, in order to contribute to the success of the department and in turn, the organization.
• Performs additional duties as assigned