SVP Internal Audit, Banking, Los Angeles CA

Conselium Executive Search; United States; On-site; USD 80,000 - 120,000; Full time

Job summary

Conselium Executive Search is looking for a professional to lead and improve the internal audit function for a successful consumer/community banking organization in the United States. The role entails reviewing controls, ensuring compliance with regulatory requirements, and reporting findings to the Audit Committee. Ideal candidates will have significant bank audit experience, particularly in consumer banking, and a strong understanding of GAAP and FASB. Join an organization that values empowerment and customer experience.

Qualifications

• Significant bank audit experience required.
• Strong working knowledge of GAAP and FASB.
• Experience primarily from consumer/community banking preferred.

Responsibilities

• Review quality and effectiveness of internal controls.
• Provide recommendations to management and the Audit Committee.
• Ensure compliance with State and Federal banking regulations.
• Develop an audit plan based on risk assessment.
• Report findings to the Audit Committee.
• Coordinate with third-party auditors and regulators.

Skills

Bank audit experience

Knowledge of GAAP

Understanding of FASB

Familiarity with Federal and State regulations

Risk assessment skills

Job description

• Position with opportunity to lead and improve internal audit function for an established and successful consumer / community 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, Elder Care, Sexual Harassment, 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
• This position is responsible for escalating suspicious activity to the BSA Officer

Requirements

• You must have significant bank audit experience, with a strong working knowledge of GAAP, FASB, Federal and State regulations
• Ideally your experience will be primarily from consumer / community banking