VP, Internal Audit

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What We Do

At CardWorks, we aim to help people connect with possibility and opportunity using our financial servicing expertise. Building meaningful, long-term relationships with consumers, our employees, and our clients is what matters most.

Who We Are

CardWorks Servicing, LLC provides end-to end operational servicing functions for credit cards, secured cards, and installment loans.  We service consumer and small business loans across the credit spectrum and offers backup servicing and due diligence services to capital providers and trustees.

Merrick Bank is an FDIC-insured Utah Industrial Loan Bank.  Merrick operates three main business lines:  credit cards, recreational lending, and merchant services.

Carson Smithfield, LLC provides a variety of post-charge-off debt recovery services, including digital self-service, IVR, live agent, and external agency management.

This position is located onsite in our Woodbury, Long Island, NY office or our South Jordan, UT office with hybrid/remote work flexibility.

Position Summary:

The VP Internal Auditor – Financial Controls is responsible for assisting the SVP Head of Internal Audit in planning, performing, and reporting on a comprehensive risk-based Internal Audit Plan covering all business units, departments and functions enterprise wide.  The VP Internal Auditor – Financial Controls is expected to maintain specialized technical financial reporting control expertise and to stay abreast of regulatory, industry, and other changes that affect the Company’s risk profile. The VP Internal Auditor – Financial Controls is expected to have a thorough understanding of audit methodologies and to develop audit work papers in accordance with the Company’s Internal Audit Quality Assurance Improvement Program.  The VP Internal Auditor – Financial Controls also supervises and mentors audit staff.

Essential Functions:

• Assists the SVP Head of Internal Audit in identifying risk and controls related to financial reporting functions, and in planning internal audits.
• Performs and /or leads audit evaluations to provide reasonable assurance that risk management, control, and governance systems are functioning as intended.
• Ensures that audit objectives and testing results are adequately evaluated to conclude on the effectiveness of internal controls and develop conclusions on residual risks.
• Develops data analytics to bring efficiencies to audit testing.
• Prepares audit work papers in accordance with the Quality Assurance Improvement Program and ensures that sufficient evidence is documented to support related audit findings and conclusions.
• Reports risk management issues and internal control deficiencies via professionally written deliverables that are appropriate for all levels of management and governance.
• Provides support to the Company’s anti-fraud programs, including participation in fraud investigations and identification of fraud risks.
• Performs review of audit work papers and supervises and mentors staff.
• Complies with the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing and the Internal Audit Code of Ethics.
• Attends requisite meetings in the absence or at the request of the SVP Head of Internal Audit.
• Obtains management responses and performs follow up inquiry and transactional testing to confirm remediation of audit findings.
• Participates in training and development programs to develop and maintain audit, process, or Company subject matter servicing and supporting services expertise

Compliance with Laws & Regulations: 

• Responsible for complying with all of the Company’s internal control policies and procedures.
• Responsible for understanding and complying with all laws and regulations to which the Company is subject.
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.

Education and Experience:

• Bachelor’s Degree in accounting, business, or related field is required; Master’s Degree is preferred.
• Five (5) years’ public accounting experience is required.
• Ten (10) years audit experience in financial reporting, financial services, and/or public accounting is required.
• A minimum of one professional certification such as Certified Public Accountant, Certified Internal Auditor, Certified Regulatory Compliance Manager, Certified Anti-Money Laundering Specialist, or Certified Fraud Examiner is required.

Summary of Qualifications:

• Demonstrable knowledge of risk management frameworks and techniques for auditing them
• Demonstrable knowledge of internal control best practices and the Committee of Sponsoring Organizations of the Treadway Commission Integrated Framework
• Demonstrable knowledge and prior experience in bank and financial servicing operations and the application of consumer compliance and other regulatory requirements
• Prior experience with Sarbanes-Oxley Act Section 404 compliance requirements
• Demonstrable ability to evaluate large quantities of data and identify errors and root causes
• Demonstrable ability to understand complex transactions and gather information from various personnel
• Demonstrable ability to utilize data analysis and tools to develop test samples
• Demonstrable knowledge of International Standards for the Professional Practice of Internal Auditing
• Demonstrable knowledge of and prior experience preparing audit work papers in accordance with industry quality standards
• Demonstrable ability to complete web-based training programs and pass related tests
• Demonstrable ability to communicate and explain any difficulties encountered in performing audit test work

The salary range for this position, if located in NY Metro/NY State is $190,000 to $210,000. However, please note that the salary range will vary for other geographic areas.

#INDHP

Our Employee Value Proposition

• Competitive Pay, including a Bonus Target or Variable Pay Incentive Program 
• Benefits Package -Medical, Dental, and Vision (plus much more) 
• 401(k) Plan with Company Match 
• Short- & Long-Term Disability 
• Wellness Programs 
• Group Life and AD&D Insurance 
• Paid Vacation, Sick Days and bank Holidays 
• Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition

We offer a total rewards package comprised of a competitive base rate of pay, variable pay incentive programs based on the role, and a comprehensive benefit suite.  Offered rates of pay are determined based on job-related knowledge, relevant experience, skills, certifications, and geographic location.

We are an equal opportunity employer, and we evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status or any other legally protected characteristic.  We will conduct a thorough background check for all hires in compliance with applicable.