First Bank & Trust

Audit Manager

First Bank & Trust

full-time

Posted on:

Location Type: Office

Location: Sioux Falls • South Dakota • 🇺🇸 United States

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Job Level

SeniorLead

About the role

  • Manage the Internal Audit Department and act as the “third line of defense,” reporting directly to the Board Audit and Compliance Committee.
  • Execute the internal audit program covering traditional bank, national products, wealth management, and IT activities.
  • Lead the audit team; develop teamwork, open communication, mentorship, training, evaluation, and motivation of staff.
  • Assess risk across the corporation and develop the annual audit schedule for Supervisor and the Audit Committee; complete organizational risk assessment usable with Compliance and ERM.
  • Recommend enhancements to the audit program and perform audit fieldwork with oversight of all audit elements.
  • Evaluate soundness, adequacy, effectiveness, and application of accounting, financial, regulatory compliance, and operational controls; determine compliance with laws, regulations, policies, and procedures.
  • Review activity of second line of defense departments (compliance, quality control, ERM) to ensure proper checks and balances.
  • Oversee and complete FDICIA testing, coordinate with external auditors, maintain FDICIA control documentation and test results.
  • Communicate findings with senior management and issue reports with conclusions and recommendations to appropriate management levels.
  • Coordinate meeting schedule for the Audit & Compliance Committee and assist or conduct presentations to management, Audit Committee, or Board of Directors.
  • Work with business units to monitor and follow up on audit issues and ensure corrective action; participate in committee proceedings and evaluations of new policies, procedures, systems, and products.
  • Maintain current knowledge of auditing, banking, regulatory compliance, technology, and FDICIA; work closely with external auditors and examiners and assist in regulatory examination preparation.
  • Act in accordance with FBT policies and employee handbook and participate in required compliance training.

Requirements

  • Bachelor’s degree and seven years of banking and/or audit experience, or the equivalent.
  • Designation of Certified Internal Auditor, Certified Public Accountant, or relevant certification from at least one bank trade association (required).
  • Strong understanding of auditing standards, accounting principles, banking, and regulatory compliance.
  • Ability to work well independently.
  • Strong oral and written communication skills.
  • Strong analytical and problem-solving skills.
Benefits
  • Comprehensive Healthcare Benefits: Peace of mind when it comes to you and your family's well-being with generous health, dental, vision, and life insurance. Plus, optional access to additional life, disability, and other forms of insurance.
  • 401(k) & ESOP Profit Sharing: Employees are owners. Receive a match of up to 7% of your contributions to your retirement account.
  • Wellness Program: The Healthy Way Program incentivizes gym membership and hosts educational programs and challenges throughout the year.
  • Education: Student loan repayment assistance program. Tuition reimbursement. A robust internal training program that goes beyond onboarding. Job shadowing and a mentorship program.
  • Volunteer Service Hours: Paid time to volunteer. Employees get 16 hours to take part in and donate their time to local charities.
  • In-house Childcare & Preschool: Kid's World childcare and preschool in Brookings is available for the children and grandchildren of employees.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
internal auditrisk assessmentaudit fieldworkFDICIA testingregulatory complianceaccounting principlesfinancial controlsoperational controlsaudit program enhancementsaudit methodologies
Soft skills
team leadershipmentorshipcommunicationanalytical skillsproblem-solvingmotivationevaluationorganizational skillsindependencepresentation skills
Certifications
Certified Internal AuditorCertified Public Accountant