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SVP, Internal Audit Director

Company: Banc of California
Location: Santa Ana
Posted on: May 23, 2023

Job Description:

Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $9.4 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A. (the "Bank"). With our 600+ dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We proudly partner with community organizations that provide financial literacy, job training, small business support, and affordable housing to help improve the communities where we live and work. With a commitment to service and building enduring relationships, we provide a higher standard of banking. JOB SUMMARY:
Responsible for overseeing and managing the internal audit framework primarily for banking operations, accounting/finance/treasury, and other business processes. The audit director role effectively manages 3 rd party co-source professional service providers by overseeing the internal audit related activities they perform to ensures performance of all duties is in accordance with the company's policies, standards, and procedures, and all U.S. state and federal laws and regulations. ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Responsible for designing and developing the audit methodology, socializing and collaborating on the methodology with management, conducting an enterprise wide banking operations risk assessment for the purpose of developing an annual internal audit plan, and developing a risk focused approach for scope and depth of testing for, and delivery of internal audits, advisory reviews, and/or continuous monitoring reports of the bank's programs.
  • Directs audit services performed by co-source internal auditors and the development of work plans for risk assessments, readiness reviews, internal audits, implementation of new business and financial accounting technologies, or reliance on third party service providers. Manages all assigned internal audit engagements with an integrated risk approach by regularly and consistently providing direct oversight of the work performed by co-source professionals.
  • Tests the design and operating effectiveness of manual and automated banking processes. Communicates testing results timely and effectively to business and executive management.
  • Ensures audit work product is completed to ensure sufficient documentation of analytical procedures is established to support conclusions and meet financial and internal audit standards and bank regulatory expectations.
  • Analyzes and assesses the design, implementation, and operating effectiveness of the bank's risk management program elements and processes.
  • Plans, designs, executes, and supervises the internal audit coverage strategy of the internal audit operational controls programs, critical system projects related to new products and services, and key implementation and modifications / upgrades to major systems that support the bank.
  • Coordinates with the key stakeholders to identify emerging issues, distill thematic or systemic control issues affecting the Bank's operations, and updates the internal audit strategy and program appropriately and timely.
  • Partners with data analysts and co-source resource providers to design and apply re-usable tools to automate full-population testing, sampling, re-performing processes, and exception testing.
  • Assists the Chief Internal Audit Officer and co-source partners on operational, regulatory, other risk management matters, and external auditor requirements.
  • Establishes and maintains collaborative relationships with all associates, senior and executive management, and external stakeholders. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
  • Demonstrates knowledge of and adherence to EEO policy; shows sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
  • Performs other duties and projects as assigned. Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner. ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:
    • Demonstrates a deep knowledge of, adherence to, monitoring and responsibility for internal audit,financial audit, and fraud matters, in compliance with state and federal regulations and laws as they pertain to this position
    • Possesses a strong executive presence and ability to establish and cultivate relationships with key risk management, external auditors, and regulatory examiners
    • Self-starter, with strong drive, and a proactive approach to auditing and client service with the ability to multi-task in a fast-paced environment and adapt quickly to change
    • Strong knowledge and deep understanding of financial services operations, regulatory environment, technology environment, and applicable banking regulations impacting the banking and financial services industry
    • Demonstrates a strong knowledge of generally accepted auditing standards, technology standards, and forensic investigative standards
    • Demonstrates a deep, strong knowledge of banking operations, including deposit and loan operations, and financial accounting, reporting, treasury management, and integrated risks
    • Ability to make decisions and recommendations that have significant impact on the immediate work unit and cross functional departments
    • Ability to identify and communicate solutions to complex, time-critical, or recurring business issues
    • Exceptional oral, written, and interpersonal communication skills. Demonstrated experience in presenting complex and sensitive issues to senior management and the Audit Committee of the Board
    • Excellent audit program, documentation, and report writing skills
    • Excellent project/engagement management skills with the ability to establish and meet goals, track and drive optimization opportunities, and present progress
    • Proficient in using audit software/applications to manage audit workflow, ensure professional practice adherence, and document testing performed
    • Proficient in the use of data analytic tools and Microsoft Office applications including but not limited to: Word, Excel, PowerPoint, and Outlook EDUCATION, EXPERIENCE AND/OR LICENSES:
      • Bachelor's Degree in accounting, finance, business administration, economics, law enforcement, or related field
      • Fifteen (15) + years of internal audit, financial audit, bank examination, or related work experience at a mid-size to large banking organization
      • Ten (10)+ or more years' experience in financial services or related industries
      • Professional certification required: CPA, CIA, CISA, or CFE preferred

Keywords: Banc of California, Santa Ana , SVP, Internal Audit Director, Accounting, Auditing , Santa Ana, California

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