Sr. Auditor

Job Description

Job Description

Summary: Senior Auditor will be responsible for leading and performing complex and/or high-risk audits for the Bank. Assess and develop system reviews and audit programs for assigned audits under the direction of the Audit Officer/ Technical Audit Officer. Responsibilities include the maintenance of audit programs to meet the needs of the Bank and ensure compliance with Bank’s and Regulatory guidelines. Audit reviews will be inclusive but not limited to the review of internal controls for both design and operational effectiveness, development/enhancement of audit programs when needed, identification of findings, assessment of findings for impact, presenting findings to Department Heads, coordinating management responses, and ensuring all exceptions are remediated.

Job Responsibilities:

Audit Responsibilities

• Coordinate and conduct audits within the framework established by the Internal Audit Manager which involves planning the audit, performing walk-throughs, assessing risks and controls, executing fieldwork in accordance with generally accepted auditing standards, evaluating the adequacy of internal controls, and preparing detailed working papers to document findings and support conclusions.

• Execute assigned audit procedures accurately, timely and with minimal supervision.
• Assign, delegate, and monitor/review work of auditors with less experience.
• Trains and assists other auditors when required.
• Interact with the Internal Audit Manager for monitoring and remediation of issue management, where applicable.
• Ensure all activities conform to established audit procedures.
• Resolve any unusual problems that may occur.

Audit Strategy

• Risk Assessment: Identify potential compliance and operational risks within the Bank by analyzing customer transactions, account activity, and internal processes.
• Policy and Procedure Review: Evaluate the effectiveness of the Bank's compliance policies and procedures, recommending updates as needed.
• Planning and Fieldwork: Assist with audit scoping, planning, testing, evaluation, and reporting, including evaluating the effectiveness of an area’s internal control structure through detailed walkthroughs, discussions with management, and reviewing departmental policies and procedures.
• Assess results of applicable monitoring and testing / quality control, and available reporting. Based on the evaluation, develop, and execute detailed fieldwork testing to assure management controls are operating as designed.
• Document clear audit work papers that articulate purpose, scope, procedure, and conclusions of test work performed.
• Prepare detailed audit reports outlining findings, recommendations, and corrective actions, ensuring proper documentation of audit processes.

Audit Analysis

• Identify control gaps or control deficiencies and assess the impact to the Bank based on testing performed.
• Develop and draft audit findings and recommendations for management to execute to remediate any identified control gaps.
• With support from the Audit Officer, present audit results to internal audit leadership as well as business management. Track and validate the sufficiency and suitability of business corrective actions to address audit recommendations.

Continuous Internal Audit Management

• Contribute to the completion of continuous monitoring activities for assigned auditable entities and escalate matters that may impact the timing of the next audit assignments.

Risk Assessments

• Prepare and update risk assessments for assigned auditable entities for supervisory review.

Continuing Education

• Maintain a current knowledge of laws, regulations and emerging risks governing the Bank, Compliance, and Risk Management. Monitor changes in banking regulations and update compliance procedures accordingly.

Other Responsibilities

• Performs other job-related duties as may be assigned.

Job Requirements:

• BS/BA degree in Business, Accounting, Finance, Risk, or other related field experience required.

• A minimum of 5 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.
• Strong proficiency in Microsoft Word, Excel, PowerPoint, and audit software.
• 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.
• Analytical skills with the ability to analyze complex data, identify patterns, and draw accurate conclusions.
• Excellent verbal, written and interpersonal 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 effectively and articulate complex concepts with both technical and business partners as well as executive management.
• Ability to deal with sensitive and confidential information.

• Highly organized and capable of shifting priorities and manage scheduling and deadlines.
• Strong knowledge of regulations governing financial institutions including the rules and regulations of the FRB, OCC, FINRA, SEC, FDIC and CFPB.

Columbia Bank offers the following benefits:

• Medical, Dental, Vision and Rx which are contributory.
• Bonus programs.
• Employee Stock Option Program (ESOP).
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
• Paid Time Off (PTO) which includes Personal and Vacation Time.
• Paid Sick Time.
• Bank Holidays.
• Employees may participate in the 401k program.

Schedule:

This role is eligible for a hybrid schedule; 3 days in the office and 2 days work from home based on business need.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.