Chief Audit Executive

3 weeks ago


Marquand, Missouri, United States The Ladders Full time
Position Overview: The Chief Audit Executive will oversee the development and execution of a strategic audit framework designed to evaluate, report on, and enhance the organization's core operations, financial processes, and internal governance structures.

Key Responsibilities:
  • Formulate and implement a detailed annual audit strategy grounded in risk evaluations and compliance mandates, ensuring a thorough assessment of the organization's banking initiatives.
  • Facilitate and coordinate external audit engagements and regulatory reviews, including managing the scope and financial parameters of outsourced audit functions.
  • Conduct thorough analyses of collected data to identify any deficiencies in controls, redundancies, excessive expenditures, fraudulent activities, or non-compliance with legal standards and internal policies. Promptly notify management of any significant findings and prepare comprehensive reports with actionable recommendations for the Board Committee.
  • Effectively convey audit outcomes and suggestions to senior management and the Audit Committee, focusing on enhancements to internal controls and operational efficiencies.
  • Act as the primary liaison for the Audit Committee, organizing and managing meetings and associated responsibilities.
  • Proactively alert senior leadership to critical risks or vulnerabilities concerning internal controls, compliance, and governance that necessitate immediate attention.
  • Identify essential risks and controls, demonstrating expertise in Sarbanes-Oxley compliance and control optimization.
  • Perform transaction testing and readiness evaluations as required.
  • Design and implement a continuous auditing program for fintech partners, middleware providers, and direct internal risk-based banking initiatives.
Qualifications:
  • A minimum of ten years of experience in the financial services sector.
  • Familiarity with nontraditional banking operations, particularly in fintech and embedded banking, is preferred. Previous experience in public company audits is essential.
  • CPA certification is highly desirable.
  • In-depth understanding of internal auditing standards, accounting principles, risk management, and regulatory frameworks, including Sarbanes-Oxley.
  • A Bachelor's degree in Finance, Accounting, or a related field from an accredited institution.
  • Comprehensive knowledge of the COSO Framework, CoBIT, and other prominent business and IT control frameworks.


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