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Director of Internal Audit

The Director of Internal Audit position is responsible to the Audit Committee of the Board of Trustees ("the Board") for the internal auditing and reviewing of all functions performed by bank personnel. This position maintains and updates auditing procedures as regulated by the Board and regulatory agencies and reports to the Board results of the audits conducted. This job description is not intended to be all-inclusive. The employee may perform other related duties as required to meet ongoing needs of the Bank.
RESPONSIBILITIES
Develop, implement and maintain comprehensive internal auditing policies, procedures, risk assessment, program, work papers, plan, and audit universe that comply with International Standards for the Professional Practice of Internal Auditing
Perform financial, operational, and compliance audits in accordance with the internal audit program
Review of functions and activities in assigned areas to determine the nature of operations and adequacy of the system of control to achieve established objectives and standards
Supervise, conduct, and report on the testing and adequacy of the bank's internal controls maintained for each business unit
Investigate and determine causes of irregularities and errors
Develop recommendations for improving internal controls, operating efficiency, and the adequacy of bank records and record keeping
Report audit findings and recommendations to appropriate management based on the results of regularly scheduled audits, non-scheduled audits, and at any time when issues need to be addressed by management
Review and finalize internal audit reports to management and the Audit Committee on the results of the audit including findings and recommendations for improvement
Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits
Participate in reviews of new business products and arrangements; offering recommendations to control new processes
Report to the Audit Committee of the Board of Trustees regarding internal control matters, results of audit reviews, progression of audit plan and any other matters of discussion
Perform other duties as required, consistent with the goals, objectives, and responsibilities of the internal audit department and with the approval of the Audit Committee
Partner with management to identify constructive, practical, innovative and value-added solutions to issues identified
Guide and direct the audit staff in all audit phases to facilitate the identification and reporting of critical business risks
Follow up on engagement findings and corrective actions, and report periodically to senior management and the Audit Committee any corrective actions not effectively implemented
QUALIFICATIONS
High ethical standards with demonstrated integrity, tact, and diplomacy
Excellent written and verbal communication and experience of effectively interacting with senior stakeholders
Strong leadership skills and ability to direct, coach, motivate and supervise staff
Organized with ability to manage complexity, multi-task and meet operational deadlines
CPA or CIA certification is required. A Masters of Business Administration is a definite plus.
5+ years recent experience in related auditing position

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