Internal Auditor

Title:   Internal Auditor                                              

Department:  Internal Audit

Reports to:     VP/Audit Director

FLSA Status:    Exempt          

Location:        Old Bridge, New Jersey   

Salary: $50,000/yr. - $65,000/yr.    

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Position Summary

The Internal Auditor is responsible for evaluating the effectiveness of the bank's internal controls, risk management practices, operational processes and compliance with regulatory requirements.  This role ensures that financial and operational activities are conducted with integrity, efficiency and adherence to established policies. The Internal Auditor provides independent and objective assurance designed to strengthen governance, improve operations and safeguard the bank's assets. 

Essential Functions

·   Conduct financial, operational, compliance and IT audits across all business units of the bank.

·   Perform walkthroughs, document processes, and identify control gaps, inefficiencies and opportunities for improvement. 

·   Evaluate the adequacy and effectiveness of internal controls, including those related to lending, deposits, BSA/AML compliance, and financial reporting.

·   Test controls using appropriate sampling methodologies and audit techniques.

·   Prepare clear, concise and well-supported audit reports that summarize findings, root causes and recommend corrective actions. 

·   Present audit results to management, facilitating discussions that promote understanding of risks and agreement on remediation strategies.

·   Track and validate the implementation of corrective actions to ensure timely and effective resolution of audit findings.

·   Perform follow-up audits to confirm that remediation efforts have been implemented and are functioning as intended.

·   Evaluate compliance with internal policies, procedures and regulatory requirements

·   Recommend process improvements that enhance operational efficiency, reduce risk, and strengthen the Bank's overall control environment.

·   Coordinate with external auditors and regulatory examiners as needed.    

·   Assist with special projects as needed. 

·   Participate in continuing education and development of practical and enhanced internal audit processes for financial institutions.

Job Requirements and Qualifications

·         Job requires knowledge of banking regulations, guidelines and familiarity with key banking procedures and operational processes.

·         Job requires thorough analysis of information and use of logic to address complexity of data and information.

·         Job requires strict attention to detail and thoroughness in the completion of duties.

·         Job requires a high level of coordination, planning and prioritization of work and management of one's own time.

·         Job requires honesty, integrity, and ethical behavior.

·         Job requires independence and objectivity. 

·         Job requires the ability to manage multiple audits simultaneously and meet deadlines. 

·         Job requires a willingness to take on responsibility and challenges.

·         Job requires travel to branch locations and off-site locations for training.    

Education and Experience

·         Bachelor's Degree in Finance or Accounting

·         Five years' experience in banking or internal audit

Knowledge, Skills, and Abilities

·         Knowledge of banking regulations, industry standards and compliance requirements. 

·         Strong presentation skills with the confidence to deliver information effectively to groups at all organizational levels.

·         Strong analytical skills, with the ability to define problems, gather and evaluate data, establish facts, and draw sound conclusions.

·         Ability to interpret and apply government regulations, industry guidance and professional financial audit standards to audit work.             

·         Ability to write professional reports and business correspondence.

·         Ability to communicate clearly, both in writing and speaking, to ensure information is understood and tailored to the needs of the audience.     

·         Ability to work independently with little supervision.  

·         Ability to maintain strict confidentiality when handling sensitive information.       

·         Ability to collaborate effectively, build rapport across teams and maintain constructive relationships using tact and diplomacy.   

Physical Requirements

·         Ability to sit for long periods of time up to 85% of work hours.

·         Ability to use hands to grasp, handle or feel.

·         Ability to use computer keyboard and system to enter data and process information.

·         Ability to read a computer screen at a close distance.

·         Ability to read, talk clearly so that others understand, hear, comprehend the written and spoken language, and see.

·         Ability to use telephone to communicate with others.

Working Conditions

·         Moderate sound as in business office with office machines, computers, and people traffic.

All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability.