Audit Director-Regulatory Reporting

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Job description

Overview: This is a hybrid role (located in Charlotte or Raleigh, NC) with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office. Open to remote in several markets for highly qualified candidate.

This Audit Director-Regulatory Reporting position manages and implements the audit plan for assigned Bank Divisions and provides strategic and tactical insight into the Bank's business practices. Supports the strategic development and implementation of operational policies and procedures with Internal Audit to protect organizational assets while ensuring compliance with regulations. Collaborates with the Bank's senior leadership to build and foster strategic, productive, and influential relationships ensuring alignment with departmental strategy and direction to overall goals of the Bank. Plans, staffs, and oversees projects, assigned internal audits, internal and external issue validation, and continuous monitoring efforts. Oversees a team of associates who assess business unit and corporate risk and initiates high leverage action to reduce identified risks.

Responsibilities: Project Management - Manages and drives assigned business unit audits to ensure results meet identified timelines for the assigned portion of the annual audit plan. Determines appropriate scope, makes strategic decisions, and ensures there is sufficient evidence to successfully audit the internal control system. Reviews test of design and operating effectiveness. Organizes and plans for projects involving or impacting the Internal Audit Department. Conducts special projects and performs other duties as related.

Managerial Functions- Administratively manages audit managers and directs a team, including those in charge of the engagement, responsible for conducting various internal audits for assigned Bank Divisions, ensuring compliance with financial laws, rules, and regulations. Directs short and long-term development of associates across the department. Manages the recruitment, training, and evaluation of assigned staff. Provides audit and professional development to enhance performance.

Risk Mitigation - Investigates and manages key interdependencies that impact risk. Develops complex risk assessment strategies, goals, and processes to ensure maximum coverage of the Bank. Advises leadership on the appropriate resolution of identified issues and drives with the annual risk assessment of audit plan.

Business Strategy - Establishes audit scope and strategy for audit plan/program. Shapes department policy enhancement and transformation. Analyzes business processes to identify efficiencies, key objectives, and optimal level of control/risks. Utilizes external networks and other resources to keep current on and provide insight on industry risks, regulatory updates, and pronouncements to assess relevance and impact to the Bank. Keeps senior leadership and staff informed of practices and regulations affecting internal auditing.

Relationship Development - Builds and maintains influential relationships with multiple levels of management, external auditors, and regulators. Serves on committees and liaises with key parties to represent Internal Audit.

Qualifications: Bachelor's Degree and 10 years of experience in Internal auditing including at least 6 years management

License or Certification Type:

Possess designation as Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Certified Public Accountant (CPA) or other relevant industry certifications.

Required Skills:

Knowledge of internal and external laws, policies, and procedures regulating Internal Audit actions.

Knowledge of Generally Accepted Accounting Principles (GAAP), SEC Rules and SOX Act.

Ability to anticipate future risks and trends, and evaluate alternative strategies.

Ability to demonstrate courage and independence when communicating with executive and senior leadership when presenting complex issues, recommendations, and audit opinions.

Preferred Skills:

Knowledge of standard regulatory filings, including the FFIEC 031 and FRY9C, including the ability to interpret regulatory reporting instructions and guidance.

Audit Project experience with all phases of the audit lifecycle.

Strong analytical skills, with the ability to manage multiple priorities and tasks.

Audit or regulatory reporting experience at a Large Financial Institution.

Ability to effectively communicate with internal and external parties, including leading key meetings with the business.

Regulatory issue validation experience in the regulatory reporting area.

Licensed and active CPA.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: (url removed).

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