Senior Internal Auditor

Busey Bank; Champaign (IL); Hybrid; USD 68,000 - 94,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical insurance

Dental insurance

Vision insurance

Company-paid life insurance

Long-term disability

Short-term disability

Wellness incentives

Employee assistance program

Pre-tax health savings accounts

Flexible spending accounts

Job summary

The Senior Internal Auditor at Busey Bank assesses IT and financial reporting controls, ensuring SOX compliance and accurate financial statements. You will lead IT, operational, and SOX audits, report findings, and collaborate with management to implement improvements.

This role is hybrid eligible and requires being in office three days a week at one of the listed locations, with a focus on risk-based testing and professional development within a regulated financial services environment.

Qualifications

• Bachelor’s degree in Accounting, Information Systems, Finance, Business Administration, or a related field.
• Requires 4+ years of audit experience.
• CPA / CIA / CISA certification preferred.
• Experience with data analytics and audit management tools.

Responsibilities

• Plan and perform IT, operational, compliance, and SOX audits in accordance with internal audit standards.
• Evaluate design and effectiveness of internal controls related to business processes, financial reporting, and information technology.
• Lead and execute SOX compliance testing, ensuring ICFR designed, documented, and operating effectively.
• Conduct risk assessments to identify and prioritize financial reporting risks.
• Review and update internal control documentation to reflect current processes and regulatory requirements.
• Perform detailed testing of financial and operational controls for SOX 404 compliance.
• Identify control deficiencies, propose remediation, and work with management on action plans.
• Coordinate with external auditors to integrate SOX compliance into the annual audit.
• Participate in ongoing professional development in financial services and auditing standards.
• Stay up-to-date with IT, SOX regulations and related frameworks.

Skills

Oral and written communication

Accounting knowledge

Organizational skills

Project management

Microsoft Office

SOX knowledge

Education

Bachelor’s degree in Accounting/ISM/Finance/Business

4+ years audit experience

CPA / CIA / CISA preferred

ITGC testing experience preferred

Tools

Data analytics tools

Audit management tools

Job description

Position Summary

The Senior Internal Auditor is responsible for determining, by continuous review, that internal controls over IT/financial reporting are adequate and practiced, that the financial statements are properly stated, that company policies and procedures that mitigate financial reporting risks are followed, and that the company is compliant with Sarbanes-Oxley (SOX) specific regulations.

This role is hybrid eligible and requires to be in office, in one of the locations listed, 3 days a week.

Duties & Responsibilities

• Plan and perform IT, operational, compliance, and SOX audits in accordance with internal audit standards and methodology.


• Evaluate the design and effectiveness of internal controls related to business processes, financial reporting, and information technology.


• Testing: Lead and execute Sarbanes-Oxley (SOX) compliance testing, ensuring that all internal controls over financial reporting (ICFR) are designed, documented, and operating effectively.


• Risk Assessment: Conduct risk assessments to identify and prioritize key financial reporting risks, ensuring that appropriate controls are in place to mitigate them.


• Internal Control Documentation: Review and update internal control documentation, including flowcharts, narratives, and control matrices, to ensure they reflect current processes and regulatory requirements.


• Control Evaluation: Perform detailed testing of financial and operational controls, including walkthroughs and control testing, to ensure compliance with SOX 404 requirements.


• Issue Identification and Reporting: Identify control deficiencies or gaps, provide recommendations for remediation, and work closely with management to develop action plans for improvement.


• Collaboration with External Auditors: Coordinate with external auditors to facilitate their testing and ensure that SOX compliance is properly integrated into the annual financial statement audit process.


• Professional Development: Participate in ongoing educational opportunities to update knowledge and skills related to financial services and internal auditing standards.


• Regulatory Compliance: Stay up-to-date with changes in IT, SOX regulations and other related compliance frameworks, and ensure the organization remains compliant with all applicable laws and regulations.


• Management Reporting: Prepare and present detailed reports to management, outlining the status of SOX compliance, control deficiencies, and progress on remediation efforts.


• Process Improvement: Collaborate with business units to identify opportunities for control improvements and process efficiencies, ensuring a balance between control effectiveness and operational efficiency.


• Ad hoc Projects: Complete special projects and/or participate in task forces or committees as requested by Audit Committee, Board of Directors and senior management.


• Time Management: Contribute to team effort by completing assigned projects within the scheduled timeframe.


• Assist IA Directors as needed.

Education & Experience

Knowledge Of

• Strong oral and written communication skills


• Understanding of accounting and financial processes


• Strong organizational and project management skills


• Knowledge of Microsoft Office


• Bank operations knowledge preferred


• Familiarity with Sarbanes-Oxley (SOX) requirements preferred

Ability To

• Multi-task and work independently


• Perform duties under frequent time pressures, prioritize workflow, meet deadlines


• Solve problems independently while applying logic and discretion

Education And Training

• Bachelor’s degree in Accounting, Information Systems, Finance, Business Administration, or a related field


• Requires 4 or more years of audit experience


• Experience with data analytics and audit management tools


• Certified Public Accountant or Certified Internal Auditor or Certified Information Systems Auditor (CISA) certification preferred


• ITGC Testing Experience Preferred

Benefits And Compensation

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range: $ $68,000 – $94,000/year)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.

• 401(k) match


• profit sharing


• employee stock purchase plan


• paid time off


• medical


• dental


• vision


• company-paid life insurance and long-term disability


• supplemental voluntary life insurance


• short-term and long-term disability


• wellness incentives


• an employee assistance program


• pre-tax health savings accounts


• flexible spending accounts

Visit Busey Total Rewards for more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.