Sr. Audit Supervisor

Summary

The Senior Audit Supervisor has the responsibility for planning and designing assigned audits/projects, and directing and supervising the field work of assigned audit supervisors, senior auditors, associates and/or interns. The incumbent will also be responsible for providing technical assistance to Bank management when required and performing integrated financial, operational, IT and compliance audits/projects of greater complexity.

Essential Duties and Responsibilities 

• Under guidance, researches, designs, and participates in the development and/or implementation of new or converted products, programs or systems as required to: a) ensure adequate attention to risk management and internal controls and b) contribute to the Company’s ongoing efforts to improve quality, increase efficiency and more effectively utilize technology. Additionally, for selected new initiatives (i.e. products, programs, or systems), performs post implementation reviews to assess achievement of key management objectives and prepares applicable formal written project reports (in almost final form).
• Plans the audits of assigned areas, including the preparation of audit/project programs, time budgets and risk assessments.
• Documents the system of internal controls through flowcharts and narratives and evaluates the system for effectiveness and adequacy.
• Evaluates risk and appraises its impact on the allocation of resources and the design and scope of audit/project procedures.
• Develops effective audit/project programs including the design of all audit/project procedures and the sample sizes selected for testing.
• Directs the activities of assigned senior auditors, associates and interns and reviews and supervises their fieldwork and ensures proper completion of the audit/project.
• Prepares comprehensive and accurate workpapers and/or review and approves staff workpapers substantiating the audit work performed and the conclusions reached.
• Maintains audit time records and monitors performance against approved audit time budgets.
• Prepares and discusses audit/project observations and related audit/project recommendations with auditees to ensure proper disposition.
• Prepares formal written audit/project reports (in almost final form).
• Directs selected, and attends all, planning meetings and exit conferences with auditees.
• Monitors the status of the implementation of agreed upon audit recommendations.
• Performs audits/projects and/or audit/project procedures in areas of greater complexity.
• Performs internal control testing and prepares required documentation as assigned to assess the Company’s compliance with the provisions of Section 404 of the Sarbanes Oxley Act.
• Provides on the job training to assigned senior auditors, associates, interns and audit assistants.
• Performs periodic performance evaluations of assigned senior auditors, associates and/or interns as required subsequent to the completion of applicable individual audits/projects.
• Ensures that all audits/projects supervised conform to high professional standards.
• Assists the external auditors and regulatory authorities in the performance of their examinations.
• Consults with Company Management, as required, on internal control and risk management matters.
• Assists the Director and Senior Audit Manager in selected technical and administrative activities
• including presentations to the Audit and Risk Committee, appraisal of actions taken by management, etc.
• Must be able to travel as needed to company locations.
• Complies with all applicable federal and state laws and regulations.
• “LIVE” the Bank’s Mission Statement and “PRACTICE” the Bank’s Corporate Strategy.
• Other duties may be assigned.

Competencies 

• Proficient with spreadsheets, word processing and databases.
• Excellent written and verbal communication skills.
• Excellent interpersonal and supervisory skills.
• Excellent organization and project management skills.
• Ability to work independently, as well as in a team environment.

Education/Experience
Bachelor’s degree from a four-year college or university in Accounting, Finance or related field; and five or more years of experience in public accounting or bank internal auditing.

If candidate has less than eight years of experience, Certified Internal Auditor or Certified Public Accountant (CPA) certification is required.

Supervisory Responsibilities
This job has supervisory responsibilities. Responsible for development of staff. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints, coaching for performance and resolving problems.

Job Location
Territory ranges from North Western suburbs to the South Loop of Chicago, IL. The main office is located in Des Plains, IL.

Location
Des Plains, IL.