Internal Audit/Compliance Officer

Position Summary:

This position leads compliance efforts that ensure the organization is in compliance with bank policies/procedures as well as state and federal regulations. This position is also responsible for the internal auditing and review of all functions performed by bank personnel.

Essential Duties and Responsibilities:

Maintain a comprehensive internal audit program addressing financial and operational compliance. Perform audits in accordance with the program.

Regularly review bank’s policies for accuracy and current compliance with federal and state regulations.

Maintain comprehensive program addressing bank and regulatory compliance needs.

Regularly review bank practices, records and accounts to ensure compliance with established internal policies and procedures.

Oversee the coordination of the internal audit program with outside examiners and auditors. Review outside audit reports and follow up on exam or audit recommendations to ensure corrective measures are implemented.

Develop recommendations for improving internal controls, operating efficiency and accuracy of bank records and recordkeeping.

Prepare report of findings and recommendations on all compliance and audit functions for relevant departments and Board of Directors. Identify and recommend changes, new procedures and techniques to eliminate weaknesses in practices and procedures or operations from the standpoint of control and prevention. Make recommendations regarding internal controls and recommend policy changes to ensure compliance.

Conduct loan and deposit compliance committee meetings to disseminate necessary information and request input/participation regarding projects involving audit and compliance.

Prepare for and facilitate Board Audit committee meetings.

Prepare and compile information for required and requested reports.

Participate on various teams focusing on organization’s continual improvement initiatives.

Assist bank employees with questions/concerns relating to compliance and internal control functions.

Stay current with regard to all laws and regulations affecting the bank.

Coach, lead, and provide constructive feedback to the internal audit assistant to ensure performance is at or above the required standards for the position. Conduct annual performance evaluations. Facilitate formal and informal goal setting.

Set up compliance training plans for all employees. Maintain and monitor training records and assist employees with access to training system or questions about their respective plans.

Track consumer complaints.

Prepare annual government reporting such as Summary of Deposits, Unclaimed Property and HMDA.

Provide compliance input to various committee as required or requested.

Review Miscellaneous Core Reports and IT reports.

Other duties/projects as assigned.

Knowledge, Skills and Abilities:

Bachelor’s Degree in Accounting, Finance, Business Administration or other related field with a minimum 5-7 years of banking and/or auditing experience or 10 years of experience (in lieu of degree) required. Audit certification desired. Other required skills include intermediate computer skills, typing, 10 key skills and math skills. Excellent customer service skills and the ability to perform a variety of tasks are a must for the position. Ability to complete work with accuracy. Ability to uphold confidential information, professional in appearance and in verbal communication. To perform this job successfully, an individual must have knowledge of Word Processing software; Spreadsheet software; Accounting software; and Database software.

Job Type: Full-time

Pay: From $55,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift

Education:

• High school or equivalent (Required)

Experience:

• Banking: 5 years (Required)
• Auditing: 5 years (Preferred)

Work Location: Multiple Locations