VP Internal Audit (Hybrid)
Company: Compeer Financial
Location: Bloomington
Posted on: September 13, 2023
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Job Description:
Compeer Financial is seeking collaborative, innovative and
dynamic professionals to be a part of our Top Workplace
culture!Tell me more about this opportunity.Position Overview:
This position leads the internal audit team responsible for
creating and implementing risk-based audit programs. The incumbent
provides auditing guidance to leadership and the Audit & Finance
Committee of the Board of Directors in evaluating the effectiveness
of organizational control systems that have been established.
Through on-going review of practices and operating procedures,
oversees the identification of internal control gaps in business
procedures, processes or systems and provides recommendations on
appropriate remedial action to protect and shield the organization
from creating or perpetuating methods or activities which put the
organization at risk. Reporting to the Audit Committee and the
Chief Financial Officer, the incumbent provides vital information
to the Audit & Finance Committee of the Board of Directors
regarding the effectiveness of the organization"s third line of
defense and internal control systems. Serves as the primary Compeer
audit contact for the Farm Credit Administration (FCA), AgriBank
and other regulatory bodies.
This hybrid position (50% in-office) is open to any Compeer
Financial office location in Illinois, Minnesota, or
Wisconsin.Essential Functions: * Sets and executes the vision for
internal audit including risk assessment, scoping and remediation
plans. * Establishes, implements and monitors an internal review
program to ensure a satisfactory internal control system for
administration of credit, financial services, financial operations
and administrative functions in the organization. * Is responsible
for implementing board-approved audit directives. * Oversees audit
operations and provides leadership and direction in communicating
and monitoring audit policies, practices, programs, and processes.
* Creates and manages the overall process for control risk
assessments, audit plans, audit programs, and audit reports. *
Oversees, reviews, and evaluates the organization"s system of
internal controls and determines compliance with policies and
procedures, as well as regulatory and statutory requirements. *
Supports and expands upon recommendations formulated by the
internal audit team to improve existing controls and provide
operating efficiencies. * Develops, in collaboration with the
committee members, appropriate training plans for the Audit &
Finance Committee of the Board. * Sees the big picture as well as
understands the details in formulating internal audit plans and
related implications to the Company. * Works proactively and
collaboratively with other leaders across the organization,
especially within the Credit and Risk Management and Enterprise
Financial Management teams. Includes activities such as actively
participating in the monthly meetings of the Enterprise Risk
Management Committee (ERMC - a committee established by Executive
Leadership to assist with enterprise risk identification,
assessment, prioritization and response). * Identifies and
implements short- and long-term strategies and tactics for the
department. * Aids in establishing and developing guidelines to
ensure the team provides a consistent quality level of service,
which is timely, thorough and responsive to all internal/external
clients. * Meets regularly with the Audit & Finance Committee to
report the status of Internal Audit"s ongoing monitoring
activities, educates and informs the committee of emerging risks
and/or exposures (whether internal or external to the company) that
should be considered, and serves as a "thought leader" with respect
to risk management and internal control best practices.Minimum
Qualifications & Required Knowledge, Skills and Abilities: *
Bachelor"s degree in business administration, finance, accounting,
or related field or an equivalent combination of education and
experience sufficient to perform the essential functions of the
job. * 10+ years of internal audit required with experience
auditing financial institutions. Credit review experience
preferred. * Minimum of five years of leadership and management
experience, with recent experience in supervising the audit
function. * Audit designations, preferred. * Expert knowledge of
internal auditing standards, processes, controls and audit
techniques. * Expert knowledge of Generally Accepted Auditing
Standards (GAAS) for financial reporting and advanced knowledge of
Generally Accepted Accounting Principles (GAAP). * Advanced
knowledge of lending and credit management. * Experience in the
agriculture industry preferred. * Advanced knowledge of applicable
federal and state laws, rules and regulations regarding credit
extension. * Advanced knowledge of data analytics. * Advanced
knowledge of COSO"s Enterprise Risk Management Framework and
principles. * Experience in developing and supervising information
technology audits. * Experience in supervising audits of financial
institutions. * Strong listening, written and verbal communication
skills, with ability to communicate at all levels of the
organization. * Skill in analyzing information to formulate logical
and objective conclusions. * Skill in writing concise, logical,
grammatically correct analytical reports providing audit findings
and recommendations. * Skill in utilizing a systematic approach to
problem solving. * Skill in planning and coordinating an internal
audit program. * Skill in prioritizing assignments and utilizing
time management. * Skill in establishing and maintaining
relationships with internal and external clients to provide audit
services. * Strong computer skills, including MS Office
applications. * Valid driver"s license.
Who is Compeer Financial?Compeer Financial exists to champion the
hopes and dreams of rural America. By joining our team, you will
help empower those in agriculture and rural communities to achieve
their goals and expand their possibilities. We embrace business
agility and innovative approaches to serving our clients and
communities.Why join our team? * Amazing team members who are
passionate about serving agriculture and rural America. *
Investment in our team members" education, growth and development.
* Engagement in our communities through giving back and
volunteerism. * Flexible, collaborative and dynamic work
environment. * Great benefits: * Medical, Dental, Vision insurance
* 401K (3% Compeer contribution & up to an additional 6% match) *
Paid time off (vacation, sick leave, holidays, volunteer time)Find
out why our team members choose Compeer Financial by watching this
video.How do I apply?Qualified candidates, please apply online at
www.compeer.com/careers.Compeer Financial is an equal opportunity
employer and all qualified applicants will receive consideration
for employment without regard to race, color, religion, sex,
national origin, disability status, protected veteran status, or
any other characteristic protected by law.
Keywords: Compeer Financial, Bloomington , VP Internal Audit (Hybrid), Executive , Bloomington, Illinois
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