The Role
The Audit Manager oversees internal audits, assesses business risks, manages audit teams, and communicates findings to ensure compliance and effectiveness of internal controls.
Summary Generated by Built In
Job Summary & Responsibilities
Preferred Qualifications
SUMMARY: The Audit Manager is responsible for managing internal audit assignments throughout the Bank including operational, compliance, and financial audits, utilizing internal staff. The Audit Manager directs the activities of staff to ensure all assigned audits are appropriately staffed and completed in accordance with the Internal Audit Department policies. The Audit Manager must provide objective assurance on the effectiveness of the Bank's risk management activities to help ensure key business risks are being managed appropriately and that the system of internal control is operating effectively.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
- Performs both management and field testing responsibilities on routine and advanced internal audit assignments in multiple disciplines.
- Oversees audit engagements and approve the overall purpose, scope, and approach for audits ensuring practical coverage is achieved considering risk and regulatory requirements.
- Assess risk factors relating to each assignment to ensure that the engagement identifies significant business risks.
- Performs independent appraisal of the design and operational effectiveness of policies and procedures and established controls.
- Ensures that detailed audit work is effectively focused on areas assessed as high risk.
- Reviews audit assignment reports and ensures that the supporting audit fieldwork can be re-performed and is sufficient to demonstrate compliance with applicable laws/regulations, established policies/procedures, regulatory guidance, accounting pronouncements, and industry practices.
- Drafts or reviews complex audit reports and conducts audit status and exit meetings with management to discuss. findings and management's response.
- Performs critical project management duties in the planning, scheduling, coordinating, reviewing and reporting of the work of audit teams.
- Interacts and works with the information technology lead auditors in coordinating the nature, timing, and extent of audit fieldwork and reporting.
- Provides expertise in auditing standards and performance criteria, audit requirements, and information technology skills.
- Develops a thorough understanding of the Company's operations and banking requirements.
- Communicates identified control deficiencies to management effectively, both orally and in writing.
- Promotes an atmosphere of mutual trust and respect amongst internal audit team members and with all levels of BankUnited management.
- Keeps current with audit and business trends, issues, complexities, and challenges associated with institutions in the financial services industry.
- Ensures professionalism and independence and the constant appearance of professionalism and independence.
- Oversees staff in the planning, execution, reporting, and follow-up phases of audit assignments, providing on-the-job training, coaching, and development.
- Evaluates the performance of and provide timely feedback to staff after the completion of each assignment.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
SUPERVISORY RESPONSIBILITIES
- Supervises function, projects or services and/or one or more employees, as applicable.
- Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
- Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems.
EDUCATION
Bachelor's Degree in Accounting, Business Administration, IS/IT, or related field required
EXPERIENCE
- 7-9 Years of business experience, including auditing, consulting and/or management, of which at least four years were in a supervisory capacity required
- Experience in performing risk assessments, developing audit plans, performing financial and operational audits and reporting results to audit committeesrequired
- Experience in scoping, developing documentation, determining key risks, testing and assisting with management final assessment required
KNOWLEDGE, SKILLS AND ABILITIES
- Professional Competence and Industry Knowledge
- Demonstrates the ability to discuss technical and industry trends and related solutions.
- Exhibits integrity and ethical behavior.
- Possesses highly effective communication skills.
- Manages time and projects effectively.
- Develops expertise in specific technical areas.
- Seeks opportunities to train and mentor senior and staff auditors.
- Exhibits professional growth resulting from self-development efforts.
- Maintains appropriate professional or technical certification.
- Comprehends how systemic and manual controls interrelate in the control environment.
- Customer Focus
- Effectively builds and manages customer relationships.
- Adds value by identifying customer expectations.
- Displays sound project management and job administration skills.
- Effectively plans, budgets, and manages audits.
- Provides audit customers with timely top quality audit work.
- Understands the audit customers business including critical success factors.
- Keeps abreast of industry changes and how they will affect the audit customer's business.
- Routinely seeks information from audit customers regarding their needs and concerns.
- Teamwork and Leadership
- Exhibits mentoring and supervisory capabilities.
- Emphasizes team-building and makes use of real-time supervision during all phases of an engagement to develop audit team. * Involves team members in plans and decisions that affect them.
- Provides timely and actionable evaluations.
- Is a positive role model by setting an example for integrity, fairness and respect.
- Generates enthusiasm and cooperation among audit team members.
- Identifies training opportunities for self and various team members.
- Matches tasks to skill levels of personnel to maximize leverage and skill development.
- Sets project team goals and prioritizes workload.
- Responsive to management's concerns and comments.
- Takes initiative in leading departmental discussion and infrastructure projects.
- Drives for Quality and Results
- Displays ability to manage multiple audit engagements.
- Continuously communicates with audit customers throughout the year to comprehend customer needs and changes affecting their business.
- Produces documentation that describes risk, controls, and audit conclusions clearly and concisely (RCM, Process Flows, Reports).
- Looks for innovative ways to improve the audit process.
- Exhibits a high degree of initiative and commitment to the IAD's mission and the Bank.
- Adept at leading discussions with audit customers so that agreed action plans reduce risks to acceptable levels.
- Utilizes at least 80% of time on assurance and advisory engagements.
- Knowledge of financial company regulations and regulatory auditing standards.
- Excellent communication, organization and time management skills with appropriate attention to detail.
- Ability to manage and perform multiple projects simultaneously.
- Ability to deal with challenging situations.
- Strong oral and written communication skills.
- Knowledge of MS Word, Excel, Visio and PowerPoint; ACL & MS Access a plus.
CERTIFICATES, LICENSES, REGISTRATIONS
- Certified Public Accountant (CPA) required Or
- Certified Information Systems Auditor (CISA) required Or
- CIA or other relevant certification. required
ADDITIONAL INFORMATION
- Candidates residing in locations within BankUnited's footprint may be given preference.
#GoForMore
Candidates residing in locations within BankUnited's footprint may be given preference.
Top Skills
Acl
Ms Access
Excel
Ms Powerpoint
Ms Visio
Ms Word
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The Company
What We Do
BankUnited, Inc., with total consolidated assets of $35.2 billion at March 31, 2021, is a bank holding company with one wholly owned subsidiary, BankUnited.
BankUnited, a national banking association headquartered in Miami Lakes, Florida, provides a full range of banking services to individual and corporate customers through banking centers in Florida and New York. The Bank also provides certain commercial lending and deposit products on a national platform.
Here at BankUnited, we endeavor to provide, through experienced lending and relationship banking teams, personalized customer service and offer a full range of traditional banking products and services to both commercial and retail customers.
