Sr Audit Manager, Consumer Banking, Mortgage, and Commercial Lending
US-VA-McLean
Careers (External)
Req #: 10956
Type: Full-Time
|
|
|||||||||||
|
||||||||||||
Overview: Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members "do better." Joining PenFed is more than being an employee; it's about being a part of the PenFed family. PenFed is hiring a (Hybrid) Sr. Audit Manager, Consumer Banking, Mortgage, and Commercial Lending at our Tysons, Virginia location. The primary purpose of this job is to lead the consumer and mortgage lending and compliance-related audit portfolio for PenFed's Internal Audit department. The role is a leadership position responsible for the development and execution of a risk-based audit plan that addresses the significant risks relevant to the assigned departments. The role is responsible for developing/ maintaining strong relationships with assigned business partners to obtain an understanding of the risks facing the credit union and stay aware of new developments impacting the business. Additionally, the role will be responsible for leading, directing, evaluating, and developing audit professionals to ensure audit activities are conducted to high standards of accuracy, rigor, and credibility and according to regulations and industry standards. Responsibilities: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. * In conjunction with the Senior Vice President (SVP), develop and execute a comprehensive audit plan for the assigned departments that addresses key regulatory requirements and relevant emerging trends and mitigates potential risk. Areas of audit responsibility may include consumer and mortgage lending, commercial and business lending, credit risk and other types of financial risk management, and all aspects of regulatory compliance related to this portfolio. * Monitor the assigned audit universe for changing risks and identify and address audit coverage requirements. * Develop and deliver the risk-based annual audit plan by forecasting audit hours and balancing staffing requirements, due dates, and stakeholder availability. * Provide oversight in the audit plan execution through proactively and independently reviewing and providing audit teams guidance on audit scope, risk and controls, and testing procedures, and formulating audit results. * Support Internal Audit's strategic direction by proactively monitoring emerging risks and the changing regulatory environment and understand the impact to PenFed's operations. * Direct and lead audits within the assigned portfolio and integrated audits leveraging information technology auditors. * Develop the audit team through on-the-job training, real-time feedback, and coaching for career development and audit performance. * Effectively and proactively perform root cause analysis on audit issues to identify appropriate corrective action. * Effectively and proactively communicate both orally and in writing on complex audit reporting and implications to senior executives and governance bodies (e.g., the Supervisory (Audit) Committee). * Coordinate with the SVP to prepare and deliver materials and responses for regulators. * Assist the SVP with executing and evolving department strategy and governance. * Demonstrate commitment to professional growth by assuming progressively more challenging assignments (in-line with standard audit career progression), proactively seeking relevant education and training opportunities, and expanding professional network. Qualifications: Equivalent combination of education and experience is considered. * Bachelor's degree required; Business Administration, Finance, Accounting, or related degree strongly preferred. * Minimum of ten (10) years of experience required assessing the risk of and/or auditing aspects of consumer and mortgage lending, commercial and business lending, credit risk and other types of financial risk management, and regulatory compliance related to this portfolio. * Minimum of two (2) years of direct management experience required. * Demonstrated ability to manage audits within this portfolio independently with minimal supervision, delivering high quality, timely audit reporting and analysis. * Experience preparing/ validating comprehensive materials and responses for regulators. * Prior experience working in the financial services industry strongly preferred. * Strong knowledge of topics within this portfolio, regulatory requirements, industry standards, and procedures and controls. * Proven leadership skills with demonstrated ability to motivate and lead a team of professionals. * Demonstrated knowledge of and ability to apply auditing standards to a financial services environment, including the ability to effectively perform root cause analysis. * Prior experience developing and delivering written and oral communications to senior level executives and regulators. * Strong project management skills, with demonstrated ability to proactively prioritize, manage, and communicate on multiple initiatives and deadlines. * High ethical standards and a commitment to integrity in all aspects of work. Supervisory Responsibility This position will supervise employees. Licenses and Certifications CIA, CPA, CAMS, or other relevant professional designation required. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. *Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.* Travel Ability to travel to various worksites and be on-call may be required.
Share this job:
