Senior Auditor

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range

Annual Salary: $72,500.00 - $96,500.00 (Amount based on relevant experience, skills, and competencies.)

As a member of the Internal Audit Department, you will be a trusted advisor and partner with the various lines of business.  The Internal Audit Department will offer independent, objective, and risk-based assurance and consulting services that add value and identify solutions. Senior Internal Auditors should be skilled in auditing techniques and familiar with internal auditing standards. Depending on the level of experience, you may be considered for Senior Auditor or Audit Analyst.

About This Job

The main purpose of this job is to ensure the Bank’s management of controls and risks as well as adherence to policies and procedures through analysis and testing throughout specific lines of business.

Essential Functions

• Lead projects of mid-level complexity, including determining details of work required and documenting project plans. Projects typically involve leading 2-4 auditors for a 6-8 week timeline.

• Determine audit scope by incorporating knowledge from experience and existing audit documentation, completing process walk-throughs, evaluation of management’s strategic plans, discussions with business unit management, and overall evaluation of risk. Develop detailed audit steps based on results of scope evaluation and assign them to audit team members.

• Provide guidance to employees regarding assignments and issues identified. Be willing and capable of answering day-to-day questions for team members. Manage team’s performance on completing assignments accurately and timely.  Review work of team members to ensure they meet department standards and audit objectives.

• Complete detailed test work on audits led or when working for others

• Review and evaluate the quality of the documented processes and procedures that management has put in place to manage the risks that are most consequential to the company’s financial performance and reputation; while also ensuring they meet regulatory expectations

• Find ways to use data analytics when evaluating controls and performing detailed audit procedures to improve the efficiency and effectiveness of assignments

• Identify internal control strengths and weaknesses or accounting errors.  While performing internal control testing, use experience to make judgments as to effectiveness of controls in both design and operation.  Recognize unmitigated risks or controls that are deficient and make decisions as to risk rating assignment for the identified issues.

• Communicate effectively with management regarding the scope of audit, on-going progress, and details on the identification of audit issues.  Present issues and recommendations along with possible solutions to business unit management.  Identify and communicate the root cause of issues.

• Prepare audit reports that effectively summarize the scope and results of the audit.  Monitor and review to ensure outstanding audit issues are properly resolved. 

• Perform special projects as assigned.  Participate in significant business unit projects/consulting arrangements and periodically report status of projects to audit management

• Monitor risk throughout the bank and complete risk assessments as part of annual audit planning

• Perform duties assigned in a manner to maintain agreed upon productivity levels, allow for timeliness of audit reporting, meet time budget goals, and other department performance metrics set by management

Knowledge Skills & Abilities Required

• Strong knowledge of audit standards

• Ability to mentor team members with proven ability to achieve results through collaboration and teamwork

• Independent thinker with strong decision-making skills