Choice Bank
Chief Internal Audit Officer
Choice Bank, Fargo, North Dakota, us, 58126
The Chief Audit Officer is responsible for overseeing enterprise-wide planning and development of the audit strategy, managing audit functions, influencing business executives, and helping business partners balance business strategy with risk management controls. This leader is responsible for establishing, institutionalizing, measuring, and continuously evolving that strategy and execution of these functions across Choice leveraging their expertise in the industry and regulatory environment. This position will report functionally to the Board of Directors and collaborate closely with leadership as an internal yet independent verification of policies. The Chief Audit Officer must demonstrate a proven ability to cultivate, guide, and inspire a dynamic team.
The Chief Audit Officer is responsible for effectively managing all aspects of the internal audit function in accordance with professional internal audit standards (i.e., Global Internal Audit Standards) and applicable regulatory requirements and expectations. The Chief Audit Officer provides the Board, Executive/Senior Management and other stakeholders with independent, risk-based, and objective assurance, advice, insight and foresight. The Chief Audit Officer, through leadership of internal audit, strengths’ Choice’s ability to create, protect and sustain value
Leadership
Establish strong reputation and credibility with Stakeholders
Demonstrate objectivity, integrity, and independence
Communicate objectively and influence change
Plan and execute strategically
Manage resources to deliver high quality internal audit services
Conduct regular one-on-ones to align cultural & business objectives, prioritize the most important work and coach to high performance.
Facilitate execution through effective situational leadership tools.
Support engagement and action by listening to team member feedback – what’s working, what’s not – support them in initiating and executing positive changes and provided them with adequate resources.
Support in the team members professional and personal.
Catch team members being approximately right through timely, individualized recognition.
Promote collaboration and face to face interaction.
Responsibilities
Support and enhance the achievement of business objectives
Influence the advancement of corporate governance, internal controls, and risk management
Enhance Internal Audit Quality Assurance and plan audit engagements effectively
Exercise professional skepticism and due professional care
Effectively track the status of open internal audit and regulatory issues to ensure timely resolution by management and independent audit validation
Reports functionally to the BOD Audit Committee
Develops agendas and reports in coordination with the Audit Committee Chair
Provides presentations to the Committee to keep members apprised of completed and ongoing audit and investigation activities, including audit findings, recommendations for improvements, and management’s implementation of recommendations
Advocate for a culture of risk awareness and security throughout the organization
Guide and directs the internal audit processes within the organization
Assess risk and determine frameworks relevant to the business
Develop auditing strategies for operational and mandatory compliance checks
Create independent processes for ethics and compliance violation reporting
Evaluate internal governance processes and improve said processes
Understanding relevant frameworks and how they apply to the business
Identify and assess new security controls and their implementation
Maintain confidentiality
Experience
Required
Banking/Financial Services experience
Proven ability to exercise professional judgement in evaluating information and making recommendations.
Demonstrated effective written and oral communication skills.
Experience in communicating and coordinating with bank regulators
Advanced experience in building high performing audit teams, creating a culture of engagement, learning, accountability, trust, coaching, mentoring, talent assessment and performance management.
Active CIA and/or CPA certifications.
Experience and understanding of the three lines of defense model and internal audit’s role as the third line of defense
Successful track record in assessing resources and skill needs, budget and headcount planning, and attracting and retaining top audit talent
Expertise and experience in understanding and applying internal control concepts and frameworks (e.g., COSO – Interna Control Integrated Framework)
Demonstrated success in establishing internal audit strategic plans, mission, goals objectives and key performance indicators
Deep expertise in the development and ongoing maintenance of a comprehensive audit universe, auditable entities and audit risk assessment supporting a sound a dynamic risk-based audit plan
12 - 15 years: Relevant experience with requisite competencies in internal audit leadership or equivalent risk and controls experience
Education
Preferred
Bachelors or better
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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The Chief Audit Officer is responsible for effectively managing all aspects of the internal audit function in accordance with professional internal audit standards (i.e., Global Internal Audit Standards) and applicable regulatory requirements and expectations. The Chief Audit Officer provides the Board, Executive/Senior Management and other stakeholders with independent, risk-based, and objective assurance, advice, insight and foresight. The Chief Audit Officer, through leadership of internal audit, strengths’ Choice’s ability to create, protect and sustain value
Leadership
Establish strong reputation and credibility with Stakeholders
Demonstrate objectivity, integrity, and independence
Communicate objectively and influence change
Plan and execute strategically
Manage resources to deliver high quality internal audit services
Conduct regular one-on-ones to align cultural & business objectives, prioritize the most important work and coach to high performance.
Facilitate execution through effective situational leadership tools.
Support engagement and action by listening to team member feedback – what’s working, what’s not – support them in initiating and executing positive changes and provided them with adequate resources.
Support in the team members professional and personal.
Catch team members being approximately right through timely, individualized recognition.
Promote collaboration and face to face interaction.
Responsibilities
Support and enhance the achievement of business objectives
Influence the advancement of corporate governance, internal controls, and risk management
Enhance Internal Audit Quality Assurance and plan audit engagements effectively
Exercise professional skepticism and due professional care
Effectively track the status of open internal audit and regulatory issues to ensure timely resolution by management and independent audit validation
Reports functionally to the BOD Audit Committee
Develops agendas and reports in coordination with the Audit Committee Chair
Provides presentations to the Committee to keep members apprised of completed and ongoing audit and investigation activities, including audit findings, recommendations for improvements, and management’s implementation of recommendations
Advocate for a culture of risk awareness and security throughout the organization
Guide and directs the internal audit processes within the organization
Assess risk and determine frameworks relevant to the business
Develop auditing strategies for operational and mandatory compliance checks
Create independent processes for ethics and compliance violation reporting
Evaluate internal governance processes and improve said processes
Understanding relevant frameworks and how they apply to the business
Identify and assess new security controls and their implementation
Maintain confidentiality
Experience
Required
Banking/Financial Services experience
Proven ability to exercise professional judgement in evaluating information and making recommendations.
Demonstrated effective written and oral communication skills.
Experience in communicating and coordinating with bank regulators
Advanced experience in building high performing audit teams, creating a culture of engagement, learning, accountability, trust, coaching, mentoring, talent assessment and performance management.
Active CIA and/or CPA certifications.
Experience and understanding of the three lines of defense model and internal audit’s role as the third line of defense
Successful track record in assessing resources and skill needs, budget and headcount planning, and attracting and retaining top audit talent
Expertise and experience in understanding and applying internal control concepts and frameworks (e.g., COSO – Interna Control Integrated Framework)
Demonstrated success in establishing internal audit strategic plans, mission, goals objectives and key performance indicators
Deep expertise in the development and ongoing maintenance of a comprehensive audit universe, auditable entities and audit risk assessment supporting a sound a dynamic risk-based audit plan
12 - 15 years: Relevant experience with requisite competencies in internal audit leadership or equivalent risk and controls experience
Education
Preferred
Bachelors or better
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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