The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.
Position Title: Internal Auditor II
Reports To: Internal Audit Manager
Department: Internal Audit
FLSA Status: Exempt
Purpose:
The Internal Auditor II performs financial, operational, and compliance audits, Sarbanes-Oxley (“SOX”) Section 404 control testing, investigations as required, and consultative engagements throughout the company to help achieve completion of the risk-based Internal Audit Plan. This position interacts with associates in all areas of the bank’s footprint and all internal departments. The role has high visibility to both senior and executive leadership of the organization as well as external financial auditors.
Under supervision, work is spot checked in progress and reviewed upon completion to determine adequacy of procedures, soundness of judgment, compliance with professional standards, and adherence to clearly established methods and techniques. All interpretations are subject to close professional review. The work emphasizes carrying out routine audit functions and detailed work, serving as a member of a team on assignments intended to provide exposure to a variety of situations. Prepares complete audit segments or audits of moderate difficulty.
Supervisory Responsibilities:
Degree of Supervision Received: Moderate
Supervision Received (title): Internal Audit Manager
Degree of Supervision Given: None
Supervision Given to (Titles): N/A
Essential Functions:
Demonstrates the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders;
Incorporates the high-performance behaviors of the Five Star Bank HEART Values in every facet of work;
Maintains current knowledge of internal auditing concepts and audit practices, including the IPPF;
Maintains financial institution specific knowledge through required Compliance trainings, webinars, conferences, and other means to stay abreast of the ever-changing environment and requirements the Company operates in;
Responsible for providing input and assisting in the development of the scope of assigned audits and Sarbanes-Oxley (SOX) Section 404 control testing;
Discusses and reviews work programs with audit department management and/or others assigned to the audit before commencing test work to maintain consistent, effective audit coverage;
Performs appropriate planning activities for smaller, less complex full-scope audit engagements;
Exercises professional judgment to recommend scope adjustments to Internal Audit management;
Evaluates management’s internal controls to confirm they are designed appropriately;
Performs tests of operating effectiveness on the Company’s system of internal controls;
Evaluates activities across the organization for adherence to policies, procedures, and regulations;
Prepares work paper documentation to support testing performed and conclusions reached;
Explains, clarifies, or corrects documentation to clear any review comments by audit department management or experienced auditor’s review of workpapers, conclusions, and recommendations;
Discusses irregularities, exceptions, and deficiencies identified with audit department management or lead auditor prior to communicating with the area’s supervisory personnel;
Inputs confirmed findings and management’s responses into the Audit Management System for tracking and reporting purposes;
Participates in department initiatives & projects as necessary, such as periodic reporting of KRI metrics to Enterprise Risk Management.
Job Related Qualifications – Education and Prior Experience:
Required:
Education: Bachelor’s degree in Finance, Accounting, Auditing, Information Systems, Information Technology, Data Management/Analytics
Prior Experience: 3+ years of Internal Audit or Public Accounting experience
-OR-
Required:
Education: Associate Degree in Accounting, Finance, or related field
Prior Experience: 4+ years of Internal Audit or Public Accounting experience
Preferred:
Education: Bachelor’s Degree in Accounting, Finance, or related field
Prior Experience: 4+ years of Audit experience in the Financial Services industry
Competencies:
Strong communication skills both verbal (i.e., telephone, virtual meetings, etc.) and written (i.e., email, presentations, etc.), including the ability to explain results at a level that resonates across many different audiences;
Strong organizational skills and ability to prioritize, multitask, and work in fast-paced environment;
A strong understanding of auditing principles and concepts, financial institutions regulatory requirements, and Sarbanes-Oxley requirements is expected to be acquired;
Focused on meeting the expectations and requirements of both internal and external customers;
Self-motivated, takes initiative, and has an ability to perform under pressure to ensure work is completed on schedule and meets high-quality standards;
Proficient PC skills including Microsoft Office Suite, (Excel, Word, PowerPoint, Outlook, Teams) and familiarity with audit management software (e.g. AuditBond, TeamMate, AuditBoard, etc.);
Desire to pursue audit-related certifications or related career path preferred;
High level of attention to detail with the ability to follow detailed procedures and ensure accuracy;
Able to handle all bank and customer related information, and sensitive matters professionally and confidentially;
Exhibits a high level of integrity, judgment, accountability, and follow-through;
Able to interact effectively with area associates and leaders during audit duties;
Exceptional analytical skills;
Exhibits intermediate capabilities to assess processes for gaps in internal controls;
Exhibits basic abilities to lead and influence others by example, coaching, and mentoring;
Physical Requirements:
Able to regularly sit for prolonged periods of time.
Extensive computer usage is required.
Able to travel occasionally within Company footprint.
Work style
100% In-office or Hybrid
After initial onboarding experience, the incumbent will be required to in a Five Star Bank office location (Warsaw, Rochester, or Amherst administrative offices) a minimum of 2 days per week.
This job description is not exhaustive. The Internal Auditor II may be required to perform other duties as assigned.
