About this role
SUMMARY
The Internal Auditor - Compliance will work closely with the Bank's various lines of business to assess risks, evaluate control design, and test control effectiveness using a risk-based approach across the Internal Audit program, as well as evaluate the Bank's compliance with policies and regulations.
ESSENTIAL DUTIES and RESPONSIBILITIES include, but are not limited to the following:
- Support Compliance Internal Audits, Branch Operations Internal Audits, and SOX testing by performing the following:
- Lead audit planning, including identifying and analyzing risks to develop risk-based audit programs, and prepare the appropriate documentation
- Schedule and lead meetings, including walkthroughs and status meetings
- Execute and document detailed testing using appropriate auditing methodologies
- Prepare workpapers with quality and adherence to standards
- Draft audit reports based on potential issues identified, ensuring that findings are appropriately documented, and recommending value-added solutions based on root cause
- Effectively lead any external resources assigned to audit projects
- Track audit progress against planned milestones and ensure timely issuance of report
- Track open issues, follow-up with business lines on remediation status, and timely validate the remediation of audit findings
- Perform general administration, such as co-source oversight, logistics coordination, manage the inflow of audit requests and responses, and manage audit files
- Engage with regulators (e.g., OCC), as needed, and support responses to regulatory inquiries
- Ensure the overall quality, consistency, risk management, and adherence to department and professional standards and identify opportunities for audit process improvement
- Establish and maintain strong relationships with business unit management
- Remain current and increase knowledge of regulatory requirements that impact the organization, as well as in the areas of internal control, accounting, business, company products, and company information
- Adhere to Bank policies and procedures
- Complete all mandatory and elective training by the due date, including BSA (Bank Secrecy Act) and Anti-Money laundering procedures.
- Maintain compliance with all appropriate rules and regulations.
EDUCATION and/or EXPERIENCE
- Bachelor Degree in Finance/Accounting or a related field
- Minimum of three (3) years of experience in internal audit, enterprise-wide risk management, business risk, and/or compliance with banking and finance industry experience preferred
- Professional certification, such as CPA, CIA, CISA, CAMS, and/or CRCM preferred
- Knowledge of Word, Excel, Internet navigation/research, and Outlook is expected
- Knowledge of internal audit management software, such as AuditBoard preferred
- Ability to clearly and effectively communicate both verbally and in writing
Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran