The Bank of Elk River - Elk River, MN



Location:
Elk River, MN

Job Title:
Senior Internal Auditor

Overview:
Job Title: Senior Internal Auditor Updated: 9/2022 Department: Internal Audit Reports To: Chief Operating Officer FLSA Status: Exempt Management Role: Yes At The Bank of Elk River, our passion is people. Our employees, our customers, and our community are the reason we love to come to work each day. We know that when people come together with a shared vision, amazing things happen. We are a company of ambitious, tireless people working together to build a better financial future for our customers and our communities. Being in business for over 135 years means we know what we are doing, and we do it well. We are constantly challenging ourselves to deliver better, faster, and more meaningful, personalized services. Our customers know our name and we know generations of business owners. We are committed to making a difference in our customers lives through our unceasing pursuit of innovation and transcendence. People join the Bank of Elk River for the opportunity of a new job, but stay because they have found a dynamic, challenging career. Discover what is possible. SUMMARY The Senior Internal Auditor is responsible for performing or overseeing objective, independent, and reliable assessments of the effectiveness of the bank’s risk management activities, its compliance with applicable regulations, and its internal control-environment. Directs outsourced vendors and is the primary collaborator with all regulatory agencies. Appraises all existing internal controls, operations and administrative functions for efficiency and effectiveness and acts as an advisor to management on issues such as the creation of monitoring techniques, risk management, internal controls and the inclusion of risk management in the implementation of new processes and systems. The Senior Internal Auditor is also responsible for reporting audit results, giving relevant and reasonable recommendations and collaborating with management on resolution strategies. This position reports administratively to the Chief Operating Officer and will have direct access to the Audit Committee of the Board of Directors. SUPERVISORY RESPONSIBILITIES Provides leadership and management to the Audit Department. Responsible for the overall direction, coordination, and evaluation of the department, which includes planning and directing work, appraising performance, rewarding, and disciplining employees, addressing complaints, and resolving problems. Develops employees’ skill sets and encourages growth by providing ongoing coaching and encouraging personal and professional development. Continually works to improve management skills and takes responsibility for employees’ activities. QUALIFICATIONS To perform this job successfully the individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill and ability required. ESSENTIAL DUTIES AND RESPONSIBILITIES • Determines the scope and objectives of audits, leads, performs, and reviews audit testing, drafts audit reports, and completes risk assessments. • Act as the primary liaison between the Bank and providers of external audit services and examiners of federal and state regulatory agencies. • Understands and applies audit methodology practices and reports on the effectiveness of internal controls. • Summarizes and analyzes data obtained for evidence of deficiencies in controls, duplication of effort, fraud, or lack of compliance with laws, government regulations and management policies or procedures. • Provides clear, concise, and appropriate documentation of work performed, as well as issues and observations identified using oral and written forms of communication • Effectively communicates and collaborates with the Audit Committee of the Board of Directors, the Chair of the Audit Committee and executive management. • Stays informed of emerging issues involving internal audit, changes to federal and state banking laws, and rules and regulations that could impact the organization. COMPETENCIES The competencies listed below are critical to the success of this role. Business Acumen: Quickness in understanding and dealing with a particular business situation in a manner that is likely to lead to a good outcome. Technical Skills: Proficient with Microsoft Office and bank computer programs. Communication: Excellent oral and written communication skills. Communicates effectively and respectfully with all points of contact. Treats others with respect and shows sensitivity for differences. Time Management: Uses time management skills to prioritize, plan out work activities, and completes work on time. Reacts well under pressure and can multitask to meet deadlines. Teambuilding: Fosters a working environment where employees are encouraged to contribute and build a positive team spirit. Balances team and individual responsibilities. Exhibits objectivity and openness to others' views. Customer Service: Provides excellent customer service with external and internal customers of the bank. Works well with others. Development: Accepts responsibility for own actions. Meets challenges with resourcefulness. Pursues training and development opportunities and strives to continuously build and share knowledge and skills. Attention to Detail: Demonstrates a high level of accuracy, attention to detail and is able to edit work for errors. Highly organized in order to manage multiple projects efficiently and effectively. Change Management: Adapts to changes in the work environment. Changes approach or method to best fit the situation. Able to deal with frequent change, delays or unexpected events. Problem Solving: Finds new ways to improve practices, identify inefficiencies and provides suggestions for improving work processes. Applies common sense to resolve problems in a timely manner. Uses workflow methodology. EDUCATION/EXPERIENCE • Bachelor’s degree (BA) from a 4 year college or university preferred and/or 5+ years related experience and/or training or equivalent combination of education and experience. CERTIFICATES AND LICENSES Internal Audit certification (ICBA preferred) or Certified Public Accountant (CPA) PHYSICAL DEMANDS While performing the duties of this job, the employee is regularly required to sit, stand, walk, reach with hands and arms and use computer for extended periods. This employee may occasionally lift and/or move up to 10 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with The Bank of Elk River’s “Code of Ethics Policy.” Each employee is also expected to maintain an awareness of the laws, regulations, internal policies, and procedures that are appropriate for his/her position. Each employee must also comply with consumer protection laws that relate to his/her position. The Bank of Elk River seeks individuals who share our core values of customer service, loyalty, and integrity. We are a community bank where our customers know they can count on our staff for experience, knowledge, and superior service to meet all their banking needs. The Bank of Elk River is an Affirmative Action-Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

Responsibilities:
• Determines the scope and objectives of audits, leads, performs, and reviews audit testing, drafts audit reports, and completes risk assessments. • Act as the primary liaison between the Bank and providers of external audit services and examiners of federal and state regulatory agencies. • Understands and applies audit methodology practices and reports on the effectiveness of internal controls. • Summarizes and analyzes data obtained for evidence of deficiencies in controls, duplication of effort, fraud, or lack of compliance with laws, government regulations and management policies or procedures.

Requirements:
BA Degree and 5 years of experience

Deadline:
10/29/2022

How to Apply:
https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=866a05de-daf5-4899-b621-06da5a9bb99c&ccld=19000101_000001&type=MP&lang=en_US&selectedMenuKey=CurrentOpenings