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First Federal Senior Internal Auditor - Washington State in United States

Description

Who We Are

First Fed is a local community bank on an exciting growth trajectory with 16 locations in 5 counties across Washington. We are committed to investing in our amazing team and technologies which enable better service for our customers and communities. In 2021, First Fed was recognized as a Best Workplace by Puget Sound Business Journal and a Best Bank by Forbes, Peninsula Daily News, and Bellingham Alive.

We welcome applicants from all backgrounds – our diversity makes us stronger. In 2023, we are celebrating our first 100 years of service.

Our Values

Optimism: We are positive and decisive. We believe the future will be better than the past. Our attitude demonstrates persistence which leads to success.

Initiative: We are self-starters and find innovative solutions. We are courageous, entrepreneurial, and passionate. We take action for good.

Respect: We include individuals from diverse backgrounds and with different perspectives. We are committed to honoring and serving others.

Growth: We learn and adapt so we can continually improve. We believe in personal growth through grit and determination.

Ownership: We are invested in our endeavors. We are accountable and take responsibility for our actions and decisions.

POSITION PURPOSE

The Senior Internal Auditor will report to the Internal Audit Manager and may manage and perform internal controls evaluation and testing (SOX COSO framework) as well as operational, and regulatory compliance audits in accordance with established department and professional audit standards throughout the Bank’s operating departments to ensure adequate internal controls are in place, maintained and functioning properly. The Senior Internal Auditor’s essential job duties are consistent with Institute of Internal Auditor standards and leading practices. Among others, they include evaluating controls, compliance, and associated risk exposures to the Bank, and preparing audit conclusions and recommendations for presentation to management and for the ultimate presentation to the Audit Committee of the Board of Directors. In doing so, the Senior Internal Auditor consistently collaborates with management on identifying controls and develops process flow documentation of key processes.

ESSENTIAL FUNCTIONS

  • With the leadership of the Internal Audit Manager, participate in and contribute to the annual risk assessment which serves as the basis for all internal audit activities.

  • May perform quarterly internal control evaluation and testing, consistent with the approved internal audit plan, and create and maintain industry standard audit documentation.

  • Act as a backup in the absence of Internal Audit Manager

  • May as needed, assist the external/outsourced auditors on mutually agreed-upon audit procedures.

  • May serve as point of contact with Moss Adams for financial control testing and findings.

  • Continually seek for ways to improve audit efficiency and lessen impact on staff.

  • With the leadership and support from the Internal Audit Manager:

  • Conduct internal audits independently to determine compliance with regulatory, investor, and internal policy requirements, adequacy of internal controls design, and effectiveness of operations.

  • Design and implement risk-based audit programs and conduct audits for all business lines, incorporating loan reviews and audits of operational, regulatory compliance, information technology, and accounting activities to determine the adequacy and effectiveness of the company’s systems of internal accounting and operating controls.

  • Follow-up on audit findings and recommendations to determine satisfactory resolution in a timely manner.

  • Provide consulting services in the areas of internal control standards and internal policies and procedures to management, where appropriate.

  • Exercise sound judgment when identifying findings and associated risk exposures in order to ensure that the appropriate information is conveyed to management and the Audit Committee in an accurate and timely manner.

  • Communicate effectively with key personnel in other departments to obtain responses to findings noted during the audit. Audit recommendations are to be developed independently and through a collaborative process with the audited department, as well as through coordination with compliance/risk group members (Compliance, ERM, IT, Security, etc.).

  • Provide for effective communication of audit findings by preparing a report on the results of the audit. These written reports are to be accurate, objective, clear, concise, constructive, and timely. These reports are to be presented and discussed with the manager of the audited department and, if applicable, the committee that oversees the operation of the department.

  • Assume additional audit duties as they arise.

REQUIREMENTS

  • Bachelor’s Degree in Accounting or Finance, or other closely related field of study, is required.

  • 3+ years audit or closely related experience is required.

  • Skilled in the auditing process, including planning, identification of risks and controls, performing fieldwork, maintaining work paper documentation, finding development, report writing, and finding follow-up; knowledgeable in accounting principles (GAAP), auditing standards (GAAS) and related requirements.

  • Experience evaluating and testing internal controls over financial reporting in support of an opinion on internal controls over financial reporting (ICFR opinion) is required. Knowledge of the COSO framework, risk assessment practices, control analysis and audit methodologies.

  • Self-starter with a high degree of initiative, dependability, and independence/ability to work with limited supervision.

  • Regular and reliable attendance is required.

  • Commitment to continuing professional education required.

  • Strong analytical skills. Excellent organizational skills. Ability to professionally handle confidential matters.

  • Strong ability, desire, and enjoyment in working with others, both employees and customers, in a cooperative, professional, and friendly spirit.

  • Proficiency with personal computer systems: experience with MS Office (Excel, Word, Outlook) is required.

  • Possess a high level of personal integrity and reflect an appropriate level of judgment and maturity.

  • Significant travel is not expected; limited regional in-state travel may be occasionally necessary.

PREFERRED/DESIRED QUALITIES

  • Professional certification is highly desired – Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified Financial Services Auditor (CFSA), Certified Regulatory Compliance Manager (CRCM), Certified Public Accountant (CPA), Certified Fraud Examiner (CFE) or Certified Risk Professional (CRP). Current certification candidates are encouraged to apply. Selected candidates will be expected to obtain certification within agreed-upon timeframe.

  • Leadership skills highly desired.

  • Data Analytics skills are highly desired.

  • Knowledge of basic technology concepts and controls, and experience in performing integrated audits are strongly preferred.

  • Audit or other working experience with a mortgage banking company or a financial institution.

  • High level of proficiency in both verbal and written communication skills, interpersonal and negotiating skills.

  • Ability to learn quickly; is accurate and timely in completing responsibilities with strong attention to detail. Ability to work on multiple concurrent audits/projects.

  • Ability to promote, accept and facilitate change, whether indicated by corporate needs, market, or regulatory requirements.

  • Ability to work independently as well as part of a team and with people of diverse backgrounds.

The statements contained herein reflect general details as necessary to describe the principal functions for this job, the level of knowledge and skill typically required, and the scope of responsibility, but should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods or otherwise to balance the workload.

Pay Range

  • The pay range for this position is $72,026.24 - $122,444.61

  • The typical hiring range for this position is $72,026.24– $82,650.11

  • The incentive plan for this position is the Officer Incentive plan. It is paid out annually with a 10% target payout.

  • This position is designated with a AVP officer title.

  • Employees will be eligible for our benefits package including medical, dental, and vision insurance, paid time off, retirement plans (401k with company match and Employee Stock Ownership Plan), gym membership reimbursement, discounts on our banking products, and more! Additional information on our benefits package can be viewed at https://www.ourfirstfed.com/careers

This position may be remote depending on the location of the final candidate based on our Remote Work Policy

Qualifications

Education

Required

  • Bachelors or better in Finance

Experience

Required

  • 3 years: 3+ years audit or closely related experience is required.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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