Director of Internal Audit

COMPANY SUMMARY: CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $5 billion in assets by 2023. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as "Best Place to Work" by the Baltimore Business Journal in 2022, 2023 and 2024, our primary goal is making each team member feel choosing CFG Bank was their best career decision. Join us for professional growth and a positive work environment that sets CFG Bank apart. POSITION SUMMARY: The Director of Internal Audit is responsible for developing and implementing the annual audit plan, ensuring compliance with regulatory requirements and internal control frameworks. This role involves overseeing audit engagements, managing the internal audit team, and communicating findings to senior management and the board of directors. The Director also collaborates with key stakeholders to enhance risk management, governance processes, and operational efficiency within the organization. ESSENTIAL DUTIES AND RESPONSIBILITIES: --- Collaborate with the Chief Risk and Audit Executive, VP Assistant Audit and Risk Manager, and CPA Firm to prepare the annual audit risk assessment, evaluating residual risk levels and trends. --- Develop and implement the annual audit plan for the organization, ensuring alignment with the bank's strategic objectives and regulatory requirements. --- Oversee the execution of audit engagements, including planning, fieldwork, reporting, and follow-up to ensure compliance with established internal control frameworks and industry standards. --- Manage and mentor the internal audit team, providing guidance, training, and performance evaluations to enhance their skills and effectiveness. --- Collaborate with senior management and the board of directors to communicate audit findings, risk assessments, and recommendations for improving internal controls and operational efficiency. --- Evaluate the adequacy and effectiveness of the bank's risk management, control, and governance processes. --- Ensure the internal audit function adheres to relevant regulatory requirements, professional standards, and best practices. --- Conduct special investigations and audits as requested by senior management or the board of directors. --- Monitor emerging risks and trends in the banking industry and adjust the audit plan accordingly to address potential impacts on the organization. --- Foster a culture of continuous improvement within the internal audit department, incorporating new technologies and methodologies to enhance audit effectiveness and efficiency. --- Coordinate with external auditors and regulatory examiners to facilitate their reviews and ensure alignment of audit activities. --- Prepare and present comprehensive audit reports to the audit committee, senior management, and other stakeholders, highlighting key findings, risks, and action plans. --- Develop and maintain strong working relationships with key stakeholders, including business units, compliance, risk management, and external auditors. --- Ensure timely follow-up on audit recommendations to ensure remediation of identified issues and continuous improvement in internal controls. --- Maintain up-to-date knowledge of regulatory changes, industry developments, and best practices in internal auditing. QUALIFICATIONS AND REQUIREMENTS: --- Bachelor's degree in Accounting, Finance, Economics or related business discipline preferred --- 7+ years' experience within internal audit or external audit --- Active CPA or CIA preferred --- Knowledge of Banking, deposit and lending regulations strongly preferred --- Familiarity with highly regulated industries --- Strong analytical skills - Excel, spreadsheet/graphs; PowerPoint presentations --- Excellent interpersonal skills and partnership capabilities --- Strong verbal and written communication skills COMPENSATION DISCLOSURE: In accordance with Maryland's Equal Pay for Equal Work Act, we are committed to providing transparent wage information for all posted job opportunities. The wage range for this position is $140,000 to $160,000 annually. Compensation is determined based on factors such as Experience, Qualifications, and Internal equity. BENEFITS AND ADDITIONAL COMPENSATION: Additionally, this position includes a comprehensive benefits package and other forms of compensation, including: --- Employer-provided health benefits: medical insurance, dental & vision insurance, disability insurance, life insurance, mental health support services, wellness program & free health club membership (for Baltimore-based employees) --- Paid time off: vacation days, sick leave, volunteer days --- Retirement plan: 401(k) with employer match --- Other compensation elements: Discretionary annual bonus and overtime pay for non-exempt positions #LI-HYBRID #LI-CL1Compensation details: 140000-160000 Yearly SalaryPI09f20e1cf4ad-25660-36101491