Director of Internal Audit

Conselium Compliance Search; Los Angeles (CA); On-site; USD 90,000 - 120,000; Full time

Job summary

A successful banking organization in Los Angeles is seeking an experienced individual to lead its internal audit function. This role involves reviewing the effectiveness of controls, ensuring adherence to regulatory requirements, and developing audit plans based on risk assessment. Candidates must possess significant bank audit experience. The organization values a culture of empowerment and superior customer service.

Qualifications

• You must have significant bank audit experience.

Responsibilities

• Responsible for reviewing quality and effectiveness of bank controls.
• Provide recommendations to management and the Audit Committee.
• Ensure compliance with banking regulations and policies.
• Develop and maintain an internal audit department's purpose and authority.
• Create an audit plan based on organization risk assessment.
• Identify and recommend third-party audit consultants.
• Oversee the audit plan implementation and ensure compliance.
• Report findings to the Audit Committee and senior management.
• Monitor progress in resolving audit findings.
• Coordinate with auditors and regulators.
• Maintain professional standards through continuing education.
• Comply with all bank policies and procedures.

Job description

Overview

• Position with opportunity to lead and improve internal audit function for an established and successful banking organization
• Financially stable business with year‑on‑year growth for the previous eight years
• Culture built on valuing empowerment and achieving goals through a superior customer experience

Responsibilities

• Reporting to the Chair of the Audit Committee, this position will be responsible for reviewing the quality and effectiveness of the controls within the bank to manage and mitigate risk and protect assets
• Provide recommendations and advice to management and the Audit Committee of the Board of Directors
• Ensuring adherence to bank policies and procedures and compliance with all State and Federal banking regulatory requirements, including but not limited to FDICIA, Bank Secrecy Act, Anti‑Money Laundering, OFAC, Customers Right to Privacy Act, Regulation D, Regulation DD/Truth in savings, USA Patriot Act, CIP, Information Security and Privacy requirements
• Develop and maintain a statement of purpose, authority, and responsibility for the internal audit department
• Develop an audit plan based upon a risk assessment of the organization
• Identify, evaluate, and recommend third party audit consultants to perform audit projects
• Oversee the implementation of the audit plan and ensure it is in accordance with audit programs, as appropriate, to ensure adequate internal controls exist; policies, procedures, laws, and regulations are adhered to and audit assignments are completed in a timely manner
• Report findings and recommendations to the Audit Committee and/or senior management for attention and action
• Monitor and report on progress in resolving audit findings to the Audit Committee
• Coordinate with third-party internal auditors and government regulators
• Comply with professional standards of conduct
• Maintain technical competence through continuing education
• Comply with the Bank Secrecy Act and Anti‑Money laundering regulations as well as all bank policies and procedures

Requirements

• You must have significant bank audit experience.