AVP, Internal Audit Supervisor

AVP, Internal Audit Supervisor - Issues Management

El Monte, CA

Direct Hire

We are looking for an Internal Audit Supervisor. This is a direct hire opportunity and is onsite in El Monte, CA

This position is responsible for overall issues management of the assigned business areas and regulatory issues. This includes supervision of the execution of assigned issues, including issue tracking, follow-up, and remediation validation. The position is responsible for internal stakeholder management and the supervision of and accountability for the quality of and judgment calls in audit issues management work.

Qualifications:

• BA/BS in accounting, business, finance, or related field.
• 5+ years of experience in internal or external audit, IT Audit, or risk management experience, including management.
• Oral, written, and analytical skills with demonstrated ability to deal effectively with all levels of management.
• Strong understanding of internal control theory and audit techniques, and a good understanding of computer-assisted audit techniques.
• Strong understanding of internal control theory and audit techniques and Project management.
• Familiarity with US regulatory, compliance, and governance.
• Experience with the financial industry and related markets (e.g., Consumer Banking, Consumer Lending, Wealth Management, Capital Markets, Commercial Loans, Trade Services, Payment Operations, Fund Services, etc.).
• Demonstrated proficiency in technology as required for assigned areas (MS Office, audit data analytics, etc.).
• Knowledge of issues management, including testing and evaluating processes and controls, risk assessment, and audit methodology.
• Certifications: CIA, CPA, CFSA, and/or CISA or in progress are a huge plus.

Responsibilities:

• Prepares high-level flowcharts or control narratives, risk assessment and audit program of the audit area/function/department to determine the nature of the operations and the existence of sufficient internal controls used to achieve established objectives and minimize the risk exposure to the Bank.
• Reviews verify and analyze transactions, documents, records, and reports for accuracy, completeness, and appropriateness.
• Evaluates the adequacy and effectiveness of internal control methods, policies, and procedures.
• Determines that duties are performed in accordance with company policies, operating procedures, other management instructions, and regulatory requirements.
• Determines that transactions are recorded promptly and accurately.
• Determines that assets are safeguarded adequately.
• Conducts interviews with appropriate Company personnel to supplement assigned audit tests.
• Prepares professional work papers including supporting documentation for each audit issue identified.
• Plans the audit including the development of the risk assessment, high-level process flows, internal control documentation, and the audit program.
• Assigns segments of the program to assist auditors.
• Oversees staff assignments to ensure completion within established time budgets.
• Immediately informs the Chief Internal Audit and/or Audit Manager of any conditions that may adversely impact the audit or the Company’s safety and soundness.
• Reviews work papers prepared by assisting auditors for accuracy and completeness.
• Prepares Exit Grid with findings and recommendations for the review and approval of the Audit Manager and Chief Internal Auditor.
• Presents audit findings to management in Exit meeting.
• Prepares draft audit reports for the review and approval of the Audit Manager and Chief Internal Auditor.
• Performs follow-up to determine the existence and adequacy of corrective actions taken by management in response to audit recommendations.
• Develops good working relationships with auditees and collaborates with auditees during the audit process.
• Validate issues by evaluating the 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 management risks to remediation timelines.
• Support management by generating various metrics reports for senior management and board-level committees.
• Identify potential risks, including awareness of risks both within a span of control as well as enterprise-wide.
• Report results on an effective and timely basis, leading to appropriate remedial action and ongoing management of risk.
• Maintain compliance with audit methodology, while also operating within industry best practices, applicable regulations, and internal and external professional practice expectations

About the Client

Our client is one of the largest commercial banks in Southern California.