SOX & Internal Audit Director

Farmers-and-Merchants-Bank-of-Central-California-1; Lodi (CA); On-site; USD 95,000 - 118,000; Full time

Job summary

The AVP Internal Audit and SOX Supervisor at F&M Bank in Lodi, CA oversees the bank's IA and SOX programs, coordinating with business partners, external auditors and the risk team to identify and mitigate risks through effective controls. This role requires strong knowledge of risk assessment, control design, testing strategies and remediation.

You will review reports, update control narratives and risk matrices, and present results to senior management and the Board, driving improvements in the

Qualifications

• Bachelor's degree in Accounting or Finance required.
• CPA, CIA or CISA preferred.
• 5+ years in public accounting or internal audit, banking experience preferred.

Responsibilities

• Manage IA and SOX programs and program execution.
• Update internal controls documentation (narratives and risk control matrices).
• Recommend and implement enhancements to the internal control environment.
• Work with business partners and external auditors to ensure compliance.
• Address control deficiencies and provide timely status updates to management.
• Summarize testing results for senior management and the Board.

Skills

Independent judgment

MS Word

MS Excel

PowerPoint

Communication skills

Education

Bachelor's degree in Accounting or Finance

CPA / CIA / CISA preferred

Tools

SOC-1 reports

IT General Controls

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Internal Audit & SOX Supervisor

Full Time Equivalent Professional Lodi, CA, US

Salary Range: $95,000.00 To $117,500.00 Annually

Internal Audit and SOX Supervisor

Location(s): Lodi Supervises Others: No

F&M Bank believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this position description is designed to outline primary duties, qualifications and job scope, but not limit the incumbent nor the organization to just the work identified. It is our expectation that each employee will offer their services wherever and whenever necessary to ensure the success of our endeavors.

Job Summary

The AVP Internal Audit and SOX Supervisor reports to the VP Risk and Control Manager and is responsible for managing and facilitating the Bank’s Internal Audit (IA) and SOX programs to effectively identify, assess and report on the Bank’s full range of risks and risk mitigation action steps related to internal controls. The AVP IA and SOX Supervisor must have expertise in IA and/or SOX methodologies (risk assessment, control design and operating effectiveness, testing strategies, and scoping, etc.), documentation, and control deficiency evaluation and remediation. This position works closely with internal business partners, outsourced internal audit function, and external financial audit team to ensure key controls are operating in accordance with IA and SOX requirements.

• Responsible for all IA and SOX related activities including implementation, coordination and overall execution of the IA and SOX programs


• Manage the updating of internal controls documentation (narratives and Risk Control Matrices) for financial and IT processes in collaboration with business partners


• Make recommendations and implement enhancements to the internal control environment in alignment with best practices of SOX compliance


• Responsible for working with a variety of business partners across the organization on implementation, execution, and testing compliance with internal controls.


• Recommend steps needed to address any control deficiencies, work with control owners to ensure all deficiencies are address timely and provide status updates to management


• Consult on new business initiatives, system implementations, accounting policy changes and assess the impact on internal controls


• Review audit reports to ensure deficiencies are properly identified and remediated


• Perform ERM and other risk assessments as needed for the organization


• Assist in managing the Key Report Inventory Listing. Identifying Key Reports and assisting process owners in managing the Key Report Inventory


• Summarize and present results of testing to internal stakeholders, senior management and the Board


• Other duties as assigned

Education and Experience

• Bachelor's degree in Accounting, Finance or related field


• Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA), preferred


• 5 years of experience working in public accounting, internal audit or similar role within a public company, preferably a bank or financial institution. Familiarity with banks or financial institutions is a plus


• Comprehensive knowledge of best practices and principles of accounting and IT internal controls, SOX compliance and US GAAP


• Experience identifying and addressing financial, operational and IT risks in business processes, evaluating the design of internal controls, and assessing the effectiveness of processes and controls.


• Familiarity with IT General Controls and SOC-1 or SSAE 16 reports a plus


• Strong project management skills and demonstrated ability to manage changing priorities


• Experience collaborating and working in a team environment

Skills

• Demonstrated ability to exercise independent judgment, initiative and tact in dealing with management, supervisors, staff, etc.


• Strong or above average Word, Excel and Power-point skills


• Excellent oral and written communication skills required

F&M Bank