DIRECTOR OF AUDIT FINANCE
WHAT IS THE OPPORTUNITY?
The Director of Audit for Finance will manage a team of audit professionals in overseeing various audits and continuous risk monitoring for finance auditable entities including Accounting Operations, Tax, Liquidity Risk Management, IRRBB, Financial Performance (FP&A), Financial & Regulatory Reporting, and other areas. Evaluates business risks, analyzing business processes and controls, and making recommendations where appropriate to improve the control environment for Finance. Serves as an audit representative during internal development projects, management committees, and champions the development of an effective internal control environment.
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What you will do
- Audit Assurance: Prepare annual risk assessment and audit plan for Finance audit entities and design multi-year audit approach for the Finance audit universe to assess the adequacy and effectiveness of the internal control environment. Ensure timely and complete execution of audits in the annual plan. Review audit findings and audit reports drafted by the audit team for submission to the Senior Director. Lead the execution of continuous monitoring and adjust audit plan as necessary. Evaluate and escalate opportunities for internal control improvements.
- Support FDICIA / SOX activities, including overseeing FDICIA / SOX testing that are completed by internal audit shared services.
- Data Analytics and Technology: Leverage data analysis and insights across the enterprise, and across all stages of the audit lifecycle, to apply to the audit portfolio. Foster the development of key relationships with data stewards and heads of platform technology to understand key applications and data sources. Achieve deeper insight into the root-causes and potential impact of audit issues using analytics.
- Advise Executives on internal controls and governance during audit fieldwork and reporting. Conduct proactive and ongoing discussions with business leaders. Influence key sponsors and stakeholders to gain buy-in, overcome challenges, and deliver high priority initiatives.
- Work with efficiency and effectiveness, maintaining Internal Audit methodology and standards, in the planning, execution and reporting of deliverables.
- Supports the continuous improvement of audit methodologies, audit approach and related practices with particular emphasis towards collaboration with key partners, leveraging the use of analytics, business intelligence, and other enabling approaches, technologies, and tools.
- Direct, counsel, and manage a staff of internal auditors assigned to engagements and review audit plan, findings, and reports for sufficient scope, accuracy, appropriateness of conclusions and compliance with requirements.
- Coordinate and manage regulatory requests and examinations with bank regulators and external audit.
Must-Have
- Bachelor's Degree
- Minimum of 10 years of progressive experience within a top tier financial services organization or Big "4" public accounting firm
- Minimum of 5 years experience managing staff
Skills and Knowledge
- Professional Designation (CIA, CPA, CISA, CISSP, CISM) preferred
- Demonstrated history of building inclusive and diverse teams or committees
- Demonstrated experience in working in a matrixed organization with proven ability to multitask and prioritize activities
- Experience leading, coaching and mentoring direct reports
- Audit assurance and advisory experience
- Strong understanding of financial and regulatory compliance risk
- Experience working with US regulators such as OCC, Federal Reserve, etc
- Strong experience in use of data analytics, visualization and reporting - e.g. Tableau.
- Experience planning integrated business audits with technology auditors
- Understanding of core technology (applications and infrastructure)
- Experience in data analytics (data gathering, transformation, analytics, and reporting)
- Strong leadership skills. Excellent communication skills, oral and written. Ability to interact effectively with management and staff at all levels
Compensation
Starting base salary: $141,830 - $263,408 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.