Farmers National Bank of Canfield
Sr. Internal Auditor - Compliance
Farmers National Bank of Canfield, Canfield, Ohio, United States, 44406
Description
SUMMARY:
Works closely with the Bank's various lines of business to ensure appropriate control design and test of control effectiveness across compliance programs and processes.
This position is responsible for planning and executing compliance audits, including but not limited to the following areas: BSA/AML, Lending Compliance, Deposit Compliance, Fair Lending, UDAAP, CRA, Fraud, FCRA, and NACHA.
This position will also provide control consultation on risks and controls throughout the Bank and its subsidiaries.
ESSENTIAL DUTIES and RESPONSIBILITIES:
Lead the Internal Audit Annual Risk Assessment for Compliance audit areas
Lead audit planning, including identifying and analyzing risks to develop risk-based audit programs, and preparing the appropriate documentation
Schedule and lead meetings, including walkthroughs and status meetings
Execute and document detailed testing using appropriate auditing methodologies
Prepare workpapers with quality and adherence to standards
Draft audit reports based on potential issues identified, ensuring that findings are appropriately documented, and recommending value-added solutions based on root cause
Effectively lead any resources assigned to audit projects
Track audit progress against planned milestones and ensure timely issuance of report
Track open issues, follow-up with business lines on remediation status, and timely validate the remediation of audit findings
Perform general administration, such as co-source oversight, logistics coordination, manage the inflow of audit requests and responses, and manage audit files
Engage with regulators (e.g., OCC), as needed, and support responses to regulatory inquiries
Ensure the overall quality, consistency, risk management and adherence to department and professional standards and identify opportunities for audit process improvement
Establish and maintain strong relationships with business unit management
Remain current and increase knowledge of regulatory requirements that impact the organization, as well as in the areas of internal control, accounting, business, company products and company information
Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money laundering procedures. Maintain compliance with all appropriate rules and regulations.
Regular, predictable attendance is an essential requirement of this position
Complete all other duties as assigned
EDUCATION and/or EXPERIENCE:
Bachelor's degree in Finance, Accounting, or related field
Professional certification, such as CPA, CIA, CISA, CAMS, and/or CRCM
5+ years of experience in internal audit, enterprise-wide risk management, business risk, and/or compliance with banking and finance industry experience preferred
Strong understanding of Banking and Financial Industry and consumer banking regulatory requirements
Sound knowledge and experience in auditing skills and standards, including understanding regulatory risks and control identification
Knowledge of Word, Excel, Internet navigation/research, and Outlook is expected
Ability to clearly and effectively communicate both verbally and in writing
E-Verify is used to confirm the identity and employment eligibility of all newly hired employees.
Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran
Qualifications Education
Bachelors of Finance (required) Licenses & Certifications
Cert Internal Auditor (preferred) Bachelor's Degree (preferred) Cert Public Accountant (preferred) Skills
Compliance (preferred)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
SUMMARY:
Works closely with the Bank's various lines of business to ensure appropriate control design and test of control effectiveness across compliance programs and processes.
This position is responsible for planning and executing compliance audits, including but not limited to the following areas: BSA/AML, Lending Compliance, Deposit Compliance, Fair Lending, UDAAP, CRA, Fraud, FCRA, and NACHA.
This position will also provide control consultation on risks and controls throughout the Bank and its subsidiaries.
ESSENTIAL DUTIES and RESPONSIBILITIES:
Lead the Internal Audit Annual Risk Assessment for Compliance audit areas
Lead audit planning, including identifying and analyzing risks to develop risk-based audit programs, and preparing the appropriate documentation
Schedule and lead meetings, including walkthroughs and status meetings
Execute and document detailed testing using appropriate auditing methodologies
Prepare workpapers with quality and adherence to standards
Draft audit reports based on potential issues identified, ensuring that findings are appropriately documented, and recommending value-added solutions based on root cause
Effectively lead any resources assigned to audit projects
Track audit progress against planned milestones and ensure timely issuance of report
Track open issues, follow-up with business lines on remediation status, and timely validate the remediation of audit findings
Perform general administration, such as co-source oversight, logistics coordination, manage the inflow of audit requests and responses, and manage audit files
Engage with regulators (e.g., OCC), as needed, and support responses to regulatory inquiries
Ensure the overall quality, consistency, risk management and adherence to department and professional standards and identify opportunities for audit process improvement
Establish and maintain strong relationships with business unit management
Remain current and increase knowledge of regulatory requirements that impact the organization, as well as in the areas of internal control, accounting, business, company products and company information
Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money laundering procedures. Maintain compliance with all appropriate rules and regulations.
Regular, predictable attendance is an essential requirement of this position
Complete all other duties as assigned
EDUCATION and/or EXPERIENCE:
Bachelor's degree in Finance, Accounting, or related field
Professional certification, such as CPA, CIA, CISA, CAMS, and/or CRCM
5+ years of experience in internal audit, enterprise-wide risk management, business risk, and/or compliance with banking and finance industry experience preferred
Strong understanding of Banking and Financial Industry and consumer banking regulatory requirements
Sound knowledge and experience in auditing skills and standards, including understanding regulatory risks and control identification
Knowledge of Word, Excel, Internet navigation/research, and Outlook is expected
Ability to clearly and effectively communicate both verbally and in writing
E-Verify is used to confirm the identity and employment eligibility of all newly hired employees.
Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran
Qualifications Education
Bachelors of Finance (required) Licenses & Certifications
Cert Internal Auditor (preferred) Bachelor's Degree (preferred) Cert Public Accountant (preferred) Skills
Compliance (preferred)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.