Audit Manager, Risk Management, Finance, and Lending

IDB Bank; New York (NY); On-site; USD 130,000 - 170,000; Full time

Job summary

IDB Bank is seeking an experienced Audit Manager to oversee audits in risk management, finance, and lending. This role demands strong analytical skills and the ability to communicate findings effectively within a collaborative team environment. The position offers competitive compensation and a comprehensive benefits package.

Benefits

Generous paid time off

Medical coverage

401(k) plan

Annual bonus eligibility

Tuition reimbursement

Qualifications

• 7-10 years of professional audit experience.
• Ability to interpret quantitative and qualitative data.
• Strong verbal and written communication skills.

Responsibilities

• Perform audits focusing on risk management, treasury, finance, and lending.
• Prepare audit reports summarizing findings and recommendations.
• Follow up on open audit issues and their resolution.

Skills

Verbal communication

Written communication

Project management

Time management

Data interpretation

Education

Bachelor’s Degree in Finance, Accounting, Economics or related field

Tools

Microsoft Office (Word and Excel)

Job description

Audit Manager, Risk Management, Finance, and Lending

1 day ago Be among the first 25 applicants

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

The Auditor Manager will perform audits with a focus on risk management, treasury, finance, and lending and related operational processes ranging from simple to complex; generate appropriate work papers based on testing of audit procedures established during the planning phase of the audit process; effectively communicate findings; and follow up on outstanding audit and regulatory issues.

We are looking to hire an experienced Audit Manager to perform audits across the above areas and related support operations functions. Responsibilities include performing audits that provide an independent and objective evaluation of controls across all risk management stripes, asset and liability management, liquidity risk, financial reporting, CECL, FP&A, and vendor management, as well as loan origination, underwriting, and credit portfolio management.

The role offers the opportunity to join a highly cohesive team with deep finance, risk and audit knowledge. We are seeking both appetite and ability for hands-on work in a smaller team environment.

Essential functions include:

1. Effectively prepare a well-developed audit approach and document high quality work papers for credit and operational audits;
2. Understand and document business systems / processes;
3. Identify risks, assess mitigating controls, determine “root causes” and make recommendations to improve the control environment;
4. Prepare audit report summarizing background of audit performed, audit scope, recommendations and audit conclusion;
5. Prepare work papers documenting and supporting audit procedures, findings and results;
6. Follow-up on open audit issues and their resolution;
7. Participate in department-wide initiatives and perform other duties as assigned.

Qualifications - Must have:

• Bachelor’s Degree in Finance, Accounting, Economics or a related field.
• 7 – 10 years of professional audit experience, with direct audit experience covering either financial (market, liquidity, model) risk or commercial banking (underwriting, credit analysis).
• Ability to interpret quantitative and qualitative data, formulate sound conclusions, and make consultative recommendations.
• Strong verbal and written communication skills; ability (and desire) to work in a small team environment.
• Strong project management and time management skills, ability to effectively balance competing priorities.
• Microsoft Office (Word and Excel) proficiency.

Qualifications - Nice to have:

• Audit certification / credentials: CPA, CIA, etc.
• Technical subject matter knowledge in financial (market, liquidity, credit, model) risk, financial reporting (CECL, FP&A, funds transfer pricing) and / or commercial lending (credit underwriting).

Compensation: The expected annual salary for this position is between $130,000 and $170,000 at the start of employment. A salary offer is determined on an individual basis, considering skills and experience. Our total rewards package includes eligibility for an annual bonus, medical, dental, vision plans, life and disability insurance, wellness programs, retirement plans with employer contributions, generous paid time off, parental leave, and tuition reimbursement.

Additional Information: The Bank will make reasonable accommodations for employees with disabilities, pregnant individuals, victims of domestic violence, and those with religious observance obligations, in accordance with applicable laws. Employees should contact HR to request accommodations. All requests will be handled confidentially and in good faith.

Disclaimer: This description provides a general overview of the role and responsibilities. Duties outside of this scope may be required from time to time.

We are committed to equal employment opportunity and maintaining a diverse and inclusive workplace.