Education level preferred: Master's Degree (or Postgraduate equivalent) in Accounting, Finance, or Business Administration or related field.
Previous experience working with a public accounting or risk advisory firm is preferred.
CIA, CPA, CISA, CRCM, or CFE preferred.
Job Competencies:
Comprehensive knowledge of relevant laws and regulations impacting financial institutions.
Strong knowledge of internal audit best practices and industry standards.
Superior oral and written communication; comfortable making presentations to executives, groups of professionals, external auditors, and regulators.
Excellent quantitative and analytical skills along with a focused attention to detail.
Collaborative and takes ownership to ensure the quality of the audit team's product and success.
Ability to influence and effect change; be viewed as a trusted advisor.
Demonstrates a strong ability to build and maintain effective relationships with stakeholders b
Additional Information
Position Title
Director - Internal Audit
Location
Hicksville, NY 11801
Job Summary
The Audit Director plays a crucial role in assuring the financial integrity and operational effectiveness of the `bank working closely with senior management of the bank and overseeing a team of audit professionals. This role is a leader in the company applying critical thinking to identify key risks and value-added feedback that can lead to risk reduction in the company. This key leader also cultivates a positive and ethical work environment and encourages the professional development of the team.
The Director of Internal Audit serves as the "Engagement Owner" (EO) responsible for overseeing a select book of business. Oversees and directs the execution of audits to ensure operational efficiency in fieldwork, consistency of methodology, and proper documentation of workpapers. Works closely with the Senior Audit Leadership team assisting in strategic initiatives within the Internal Audit Department. Serves as a key contributor with respect to the long term strategy, value proposition, continued growth, and success of the Audit Department providing both leadership and management for key functions within the Internal Audit Practice. Participates in FSB Committees as relevant, providing a proactive risk view to add value making while maintaining independence. Interactions frequently involve special skills such as preparing and making presentations to senior management regarding key issues and matters of significance to the organization. Has leading role in communications and presentations with regulators and external stakeholders.
Job Responsibilities:
JOB RESPONSIBILITIES
Assisting in the identification and maintenance of the Audit Universe, conducting Risk Assessments, and effective execution of the annual Audit Plan for their select area(s).
Responsible for overseeing scoping decisions, audit opinions, and issue identification, severity, and remediation tracking validation.
Manages or otherwise leads AICs (auditors-in-charge) executing audits within their select book of business, to include ensuring proper, consistent workpaper quality and overall adherence to IA methodology.
Maintains relationship with management level leaders within select book of business. May attend as secondary (or Head of Internal Audit delegate) executive management committee meetings, steering committees, and working groups, as applicable/necessary
Specifically responsible for the following for their book of business (to include but not limited to): Reviewing/approving scoping decisions, testing approaches, conclusions, and audit workpapers across the audit lifecycle (planning, fieldwork, reporting, issue validation).
Drafting Audit Opinions and Reports.
Reviewing/approving MR(I)A workpapers.
Drafting MR(I)A validation reports.
Conducting and drafting Annual Assessments (if any).
Conducting Skills Assessments.
Conducting Continuous Monitoring.
Maintains SME designations and/or certifications as applicable.
Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
ADDITIONAL ACCOUNTABILITIES
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Required Qualifications:
Education level required: Undergraduate Degree (4 years or equivalent) in Accounting, Finance, or Business Administration or related field.
Minimum experience required: 12+ Years of progressive audit or risk management experience including in the financial services industry, preferably with a large financial services firm.
Five or more years of experience in a managerial role.
Flagstar · Hicksville/100 Duffy Avenue/3201