Senior Audit Manager, Lending Operations Auditor - FVP

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

The Senior Auditor Manager will lead and perform audits with a focus on credit risk and related operational processes ranging from simple to complex; generate appropriate work papers based on testing of audit procedures established during the planning phase of the audit process; effectively communicate findings; and follow up on outstanding audit and regulatory issues.

We are looking to hire an experienced Senior Audit Manager to lead and perform audits with focus on credit risk across the Bank’s lending portfolios and related support operations functions. Responsibilities include performing audits that provide an independent and objective evaluation of credit risk within the commercial and consumer lending portfolios. You will provide an assessment of the accuracy and timeliness of credit risk management processes and the effectiveness of credit administration activities including risk analysis, portfolio monitoring, portfolio metrics, credit and portfolio quality, policy compliance, underwriting guideline adherence, problem loan management, management information system data completeness and accuracy, and other credit risk servicing areas. We are seeking both appetite and ability for hands-on work in a smaller team environment.

Essential functions include:

·         Effectively prepare a well-developed audit approach and document high quality work papers for credit and operational audits;

·         Understand and document business systems / processes;

·         Identify risks, assess mitigating controls, determine “root causes” and make recommendations to improve the control environment;

·         Prepare audit report summarizing background of audit performed, audit scope, recommendations and audit conclusion;

·         Prepare work papers documenting and supporting audit procedures, findings and results;

·         Follow-up on open audit issues and their resolution; and

·         Participate in department-wide initiatives and perform other duties as assigned.

#LI-Hybrid

Qualifications

• Approximately 10 – 15 years of professional auditing, credit risk or comparable experience.
• Bachelor’s Degree in Finance, Accounting, Economics or a related field is required.
• One of the following additional certifications is preferred: CPA, CIA, or MBA.
• Significant experience required in review of, or auditing of: credit risk management, credit review, underwriting, and/or lending in a variety of industry types.
• Proven experience required with assessing credit risk and implementing or recommending process improvements to mitigate risk.
• Strong knowledge/understanding of banking products and practices, operations, regulatory, industry, banking competition, and potential risk areas is preferred.
• Strong financial analysis skills and commercial credit structure knowledge.
• Ability to interpret quantitative and qualitative data, formulate sound conclusions, and make consultative recommendations.
• Excellent verbal and written communication skills.
• Microsoft Office (Word and Excel)

Compensation

The expected annual salary for this position is between $160,000 and $195,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties,