Chief Internal Auditor

Compensation

: $95,430.00 - $157,490.00 /year *

Employment Type

: Full-Time

Industry

: Accounting



Title: Chief Internal Auditor Group: Internal Audit Location: Midtown, NYC Purpose of Job: To assess the adequacy of internal controls for each of the auditable functions, testing for compliance to and the adequacy of the Banks policies and procedures. In addition, verify the existence and safeguard of assets, the proprietary and accuracy of income and expenses, and the reliability and integrity of accounting and reporting systems, particularly for risk management systems. A solid understanding of laws regulations relevant to the Banks business activities. Where necessary, recommend corrective action under the ?Best Practices? approach. Lastly, must be aware of and follow the ?Standards of Professional Practice of Internal Auditing? produced by the Institute of Internal Auditors (IAA) and the Internal Audit Division?s Overseas Internal Audit Policy Manual. Essential Responsibilities: Establish annual audit schedule for all areas of the New York Office based up the Bank?s Accepted Risk Assessment Program. Establish and/or revise audit procedures for each engagement. Direct and/or participate in the functional audits to asses the adequacy of the internal control environment. Examine and validate the assets, liabilities, income, expenses and related records of the Bank utilizing generally accepted auditing standards (IIA). Prepare audit reports assessing the internal control environment based upon the risk criteria approved by IAD. Recommend the corrective action for noted weakness and discuss audit results with business groups and senior management. Direct and/or participate in a detailed IT audit in coordination with the co-sourced audit partner, if necessary. Oversee and coordinate Bank audit coverage with the external auditors. Prepare and submit monthly the Issues Tracking Report to IAD and the General Manager of the Bank. Assist management in maximizing efficiency and reducing costs through performing functional audits and participation in committee meetings. Actively promote integrated auditing concepts and use of technology and analytics in all aspects of the audit plan. Additional Responsibilities: Manage and coordinate any audit co-sourcing projects with the external firm ensuring compliance with IAD policies and standards. Provide IAD and Bank senior management with status reports of Audit Plan and issues affecting the internal audit function. Keep up-to-date with developments in the banking and auditing communities by attending seminars/conferences with relevance to the Bank?s business activities. Perform special project assignments at the request of the Bank senior management or IAD. * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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