Senior Auditor

3 weeks ago


Miami, Florida, United States City National Bank Full time
Job Description

Job Title: Senior Auditor

Job Summary:

The Senior Auditor is a critical role at City National Bank, responsible for conducting independent audits of all Bank activities to evaluate the adequacy and effectiveness of internal control systems and operating procedures. This position requires a high level of expertise in auditing, risk management, and regulatory compliance.

Key Responsibilities:

  • Conduct comprehensive audits of all accounting records of the bank, including assets, liabilities, income, expenses, and related operations, following the audit program approved by the Audit Committee.
  • Communicate audit findings and recommendations to senior management, stakeholders, and regulatory bodies, providing insights that drive improvements and ensure compliance with standards and regulations.
  • Develop and discuss Corrective Action Plans during the audit fieldwork with appropriate bank management, addressing areas for improvement and ensuring corrective measures are effectively implemented.
  • Draft comprehensive audit reports detailing the scope, observations, management discussion items, enhancement opportunities, and Corrective Action Plans derived from the audit work performed, and engages with management at appropriate levels to discuss these findings.
  • Collaborate with Bank Examiners and External Auditors during their examinations and audits, ensuring alignment with regulatory expectations and providing necessary information and insights.
  • Develop and revise audit procedures and internal control questionnaires as required, adapting to changing regulatory requirements and operational needs.

Requirements:

  • 5-7 years experience in bank internal auditing, external auditing of financial institutions, or regulatory examination, with a thorough understanding of banking practices, principles, and the inter-relationships between banking functions, capital markets, and wealth management.
  • Requires skills in fact-finding, analysis, problem-solving and decision making.
  • Strong regulatory requirements and risk framework knowledge and other relevant guidelines governing credit, liquidity, interest rate and fiduciary risks.
  • Advanced PC skills including working knowledge of TeamMate, Word and Excel.
  • Experience in creating process documentation, developing audit plans, and performing audits.
  • Ability to plan, execute and evaluate audit test plans within a risk based audit methodology.
  • Strong written and verbal communication skills.
  • Knowledge of internal controls, financial terminology and bank documentation requirements.
  • Experience in assessing financial models and knowledge of testing effectiveness and recommending improvements.
  • Ability to communicate with various levels of staff and management.
  • Ability to manage scheduling and deadlines.

Education:

  • Bachelor's Degree in Accounting, Business Administration, or related field.
  • Master's Degree in Accounting, Finance, Business Administration, or related field.
  • CIA, CPA, CISA, CIFRS, or other relevant audit or risk certification is required.

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