Audit Manager

  • February 26, 2020

Position Summary: This position has the responsibility for assisting with developing and implementing the fiduciary audit program for the trust companies under the Argent Financial Group umbrella.  Develops and independently performs complex work assignments and problem resolution in support of risk-based assurance and advisory engagements and/or audit quality assessments in the field of fiduciary operations, administration, and/or compliance.  Maintains a high degree of business contact through fieldwork, often serving as the principal fieldwork contact.  Mentors staff auditors on audit excellence, to include theory and application of audit.  Adheres to the Institute of Internal Auditors’ Standards and Code of Ethics.  Provides input in evaluating performance and workload of fiduciary staff auditors.

Essential Duties and Responsibilities:

  1. Provides input related to the annual audit risk assessments and developing fiduciary audit plans.
  2. Assists the Master Audit Committee in fulfillment of its duties and responsibilities by performing quality audit work.
  3. Meets with the Master Audit Committee, as requested by the SVP/Senior Audit Manager, to:
    1. Annually to discuss and approve the scope and schedule for the coming year; and
    2. Quarterly to present, review and discuss audit reports, findings, and other matters.
  4. Conducts financial, operational, and compliance audits in accordance with the internal audit program. Assists with conducting follow-up reviews of any deficiencies noted during audits to ensure appropriate and timely resolution.
  5. Generally, serves as a first reviewer of audit fieldwork completed, however serves as final/second reviewer as needed and assigned by SVP/Senior Audit Manager.
  6. Reports audit findings and recommendations to the SVP/Senior Audit Manager prior to reporting to management.
  7. Manages relationships with line managers and peers across the organization helping to drive strategic objectives with each line of business. Intentionally engages with them periodically to ensure good lines of communication across all Argent trust entities.
  8. Maintains required audit reports and detailed work paper documentation for all audits conducted, ensuring industry audit standards are met.
  9. Assists with coordinating the department’s activities with independent audit firms and all applicable regulatory agencies and examiners to best utilize available resources and achieve established audit objectives.
  10. Assists with conducting investigations of irregularities discovered by or brought to the auditor’s attention.
  11. Assists with investigating, as requested by the SVP/Senior Audit Manager or the Chief Compliance Officer, fraud, embezzlements, and defalcations within the trust company. Works in cooperation with law enforcement agencies in any such cases as deemed necessary.
  12. Reviews practices and records for compliance with established internal policies and procedures.
  13. Develops recommendations for improving internal controls, operating efficiencies, and the adequacy of trust records and recordkeeping.
  14. Attends conferences/training sessions to remain current with emerging fiduciary issues and audit techniques.
  15. Performs audit and compliance consulting, as needed, for AFCS external clients.
  16. Monitors audit and regulatory exceptions, ensuring appropriate and timely remediation, as well as reporting and communicating to the Master Audit Committee.
  17. Provides input related to the supervision of fiduciary staff auditors, including assessing workloads and evaluating employee performance.
  18. Performs other duties as required, consistent with the goals, objectives, and responsibilities of the internal audit department and with the approval of the Master Audit Committee.

Additional Duties and Responsibilities:

Performs any and all other duties assigned by Senior Vice President/Senior Audit Manager and/or Chief Compliance Officer for which the employee is qualified and physically able to perform with or without reasonable accommodations.

Qualification Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The following requirements are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Education, Designations or Experience:

  • Bachelor’s degree in Business Administration, Banking, Finance, Accounting, or related field with Accounting degree preferred,
  • Sufficient knowledge of internal audit practices as defined by The Institute of Internal Auditors International Professional Practices Framework,
  • Certified Fiduciary & Investment Risk Specialist,
  • Minimum 5 years’ experience in trust, banking or accounting, or
  • An equivalent combination of education and experience.

Desired Specific Knowledge, Skills, Licenses, Certifications, etc:

  • CPA, CTA, CFA or CIA
  • In-depth knowledge of governmental regulations and industry practices pertaining to the following fiduciary areas: SOC reporting, Investment Management/Portfolio Management practices, Personal Trust Administration, Employee Benefit Administration, Corporate Trust Administration, Conflicts of Interest and Operations

Language and Communication Skills:

  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, and/or governmental regulations.
  • Excellent interpersonal, verbal, writing, organizational and analytical skills.
  • Ability to effectively present information and exchange ideas in one-on-one and small group situations to other employees, regulators, and committees.

Reasoning Ability:

  • Ability to define problems, gather and analyze information skillfully, establish facts, and draw valid conclusions in a timely manner.
  • Ability to deal with a variety of abstract and practical problems.

Other Skills and Abilities:

  • Ability to work well with others and assist others in working through problems rationally and objectively.
  • Must be able to delegate and effectively manage staff.
  • Ability to prioritize and plan work activities and use time efficiently.
  • Demonstrate accuracy and thoroughness with the ability to monitor own work to ensure quality and apply feedback to improve performance
  • Ability to meet productivity standards and complete work in a timely manner.
  • Ability to adapt to changes in the work environment, manage competing demands and deal with frequent change, delays or unexpected events
  • Consistently be present at work, follow instructions, respond to management direction and solicit feedback to improve performance.
  • Proficient with Microsoft Office Suite.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Sedentary work that involves repetitive motions of the wrists, hands, fingers and sitting most of the time. Walking and standing are infrequently required.
  • Employee exerts up to 10 pounds of force occasionally or a negligible amount of force frequently to loft, carry, push, pull or otherwise move objects.
  • Clarity of vision at less than 20 inches, with or without correction.
  • Ability to clearly express or exchange ideas by means of the spoken word, and to receive detailed information through verbal communication, with or without correction.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Inside work for the most part
  • Normal office equipment
  • Employee may be required to travel
  • May drive a vehicle and be exposed to weather and temperature fluctuations.

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