Chief Internal Audit Officer

Beacon-Bank; Boston (MA); On-site; USD 180,000 - 240,000; Full time

Job summary

Beacon Bank seeks a Chief Internal Audit Officer to oversee the Company’s internal audit function, aligning audit plans with COSO and IIA standards. The role requires strong leadership, independence, and collaboration with the Audit Committee to enhance controls across finance, operations and compliance.

The incumbent will manage risk-based auditing, develop policy, and coordinate with regulators and external auditors while mentoring a high-performing team.

Qualifications

• BS degree in Accounting, Financial Management or Business Administration; MBA preferred.
• CIA/CPA/CFE/CISA preferred or equivalent professional certifications.

Responsibilities

• Develops and oversees the internal auditing program and annual audit schedule.
• Communicates audit findings and recommendations to the Audit Committee and management.
• Liaises with regulators and coordinates with external auditors as necessary.
• Manages budget and leads a team of audit professionals, ensuring independence and quality.
• Stays current with professional standards and conducts ongoing staff training.

Skills

Audit leadership

COSO framework

Regulatory knowledge

Data analytics

Communication with board

Independent judgment

Education

Bachelor's degree in Accounting/Finance/Business

MBA preferred

Tools

Data analytics tools

AI auditing tools

Job description

Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Purpose/Objective

The Chief Internal Audit Officer is responsible for the oversight of the Company’s third line of defense, Internal Audit. This role is responsible for preparing and implementing a risk-based audit plan in accordance with COSO and IIA guidelines to assess, report on, and make suggestions for improving the Company’s key operational, compliance and finance activities and internal controls. This role manages all aspects of the Company’s Internal Audit policies, practices, and programs in line with the Company’s mission and values.

This position requires discretion and tact in handling confidential and sensitive information relating to overall Beacon Financial Corporation and Beacon Bank & Trust policies and operations, specific divisions and departments, personnel, and/or clients. Auditors must remain independent from management and operational duties while exercising significant professional judgment regarding the interpretation of issues and requirements in an environment of change and complexity.

Key Accountabilities

• Accountable for the development and coordination of the Company’s internal auditing activities. Develops and implements internal auditing policies, procedures, and programs. Surveys functions and activities in assigned areas to determine the nature of operations, compliance, and adequacy of the system of control to achieve established objectives. Advises top management and the Audit Committee of the Board of Directors on audit and internal control matters and recommends improvements.
• Prepares and executes an annual audit schedule that is approved by the Audit Committee.
• Prepares and reviews work papers as well as prepares written reports of audit activities for the Audit Committee.
• Responsible for the overall preparation and delivery of materials for the Audit Committee meetings. May include but not be limited to taking meeting minutes.
• Acts as a liaison with federal regulators as necessary.
• Coordinate activities with external auditors as necessary.
• Responsible for the oversight and administration of the Anonymous Reporting Line of the Company at the direction of the Audit Committee. Partners with business line leaders such as legal, compliance, HR, etc. to investigate anonymous reports.
• Identifies and communicates changes in professional standards, pronouncements, laws, guidelines and audit requirements to department personnel and the Audit Committee as necessary.
• Leads the team through regular quality assessments, including periodic external quality assessments.
• Manages and develops a talented team of audit professionals, utilizing outside experts as necessary.
• Attends, presents and/or participates in continuing professional education classes and training courses.
• Responsible for the oversight and adherence to the internal audit financial budget.
• Serves as a non-voting member of several Management Committees.

Education

• BS degree in Accounting, Financial Management or Business Administration; MBA preferred
• Certified Internal Auditor, Certified Public Accountant, Certified Fraud Examiner and/or Certified Information Systems Auditor preferred

Experience

• 10+ years of progressively more responsible experience in a banking or financial services environment (Internal Audit, Risk Management, Compliance and/or Loan Review)
• 10+ years demonstrated effective team management.

Skills & Knowledge

• Demonstrated ability to develop and implement an organized, productive, structured, and disciplined methodology to accomplish results
• Strong analytical skills, including the ability to define problems, collect data, establish facts, and draw valid conclusions
• Strong technical internal audit skills, including:
  • Knowledge of financial services compliance regulations including Bank Secrecy Act/Counter-Terrorism Financing
  • Advanced knowledge of regulatory reporting rules, their interpretation and application in the financial services industry, including Sarbanes-Oxley Act / ICFR requirements
  • Proficiency in technology and technology audit techniques including data analytics and artificial intelligence
• Strong communication (verbal/ written) and management skills. Ability to interact comfortably with all levels of staff and the Board of Directors
• Strong influencing and negotiation skills
• Passion to help improve operations and controls across the organization
• Ability to act independently and use sound judgment
• Demonstrated ability to maintain independence in thought and action

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us [e-mail] .

We endeavor to make this site accessible to any and all users.

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at [e-mail] .