AVP, Internal Audit Supervisor

GENERAL SUMMARY

Under the supervision of the SVP, Chief Audit Executive and the VP, Internal Audit Manager, the AVP, Internal Audit Supervisor will lead operational, compliance, lending and/or financial audits, of central operations departments, administrative departments, lending units, and other business unit activities of Cathay General Bancorp and its subsidiaries. The audits may also cover any functional or organizational activity, with emphasis on complex and higher risk areas. As an AVP, Internal Audit Supervisor, when assigned as Lead Auditor-in-Charge, plans, conducts, coordinates, and directs the activities of assisting auditors. The AVP, Internal Audit Supervisor, performs all duties in accordance with the International Standards for the Professional Practices of Internal Auditing. The focus on the AVP, Internal Audit Supervisor may vary depending on the unit manager to whom they report.

ESSENTIAL FUNCTIONS

• Prepares high level flowcharts or control narratives, risk assessments, and audit programs for the audit area/function/department to determine the nature of the operations and the existence of sufficient internal controls used to achieve established objectives and minimize the risk exposure to the Bank.
• Reviews, verifies, and analyzes transactions, documents, records, and reports for accuracy, completeness, appropriateness, and compliance with laws, regulatory requirements, policies, and procedures.
• Continuously monitors external and internal sources for updates to the Bank's requirements and emerging risk topics, then amends audit work programs and documentation as appropriate.
• Evaluates the adequacy and effectiveness of internal control methods, policies, and procedures.
• Supports the Audit Manager with annual planning, issue validation, and regulatory compliance exams.
• Determines that duties are performed in accordance with company policies, operating procedures, other management instructions, and regulatory requirements.
• Determines that transactions are recorded promptly and accurately.
• Determines that assets are safeguarded adequately.
• Conducts interviews with appropriate Bank personnel to supplement assigned audit test.
• Prepares professional work papers including supporting documentation for each audit issue identified.
• When acting as Lead Auditor-in-Charge, performs the following additional duties:
  
  
  
  
  • Plans the audit including development of the risk assessment, high level process flows, internal control documentation, and the audit program.
  • Assigns segments of the program to assisting auditors.
  • Provides guidance to assisting auditors to ensure they conduct themselves in a professional manner.
  • Oversees staff assignments to ensure completion within established time budgets.
  • Immediately informs the Chief Audit Executive and/or Audit Manager of any conditions that may adversely impact the audit or the Bank's safety and soundness.
  • Reviews work papers prepared by assisting auditors for accuracy and completeness.
  • Prepares Exit Grid with findings and recommendations for the review and approval of the Audit Manager and Chief Audit Executive.
  • Presents audit findings to management in Exit meetings.
  • Prepares draft audit reports for the review and approval of the Audit Manager and Chief Audit Executive.
  • Performs follow up to determine the existence and adequacy of corrective actions taken by management in response to audit recommendations.
  
  
  
  
• Develops good working relationships with auditees and collaborates with auditees during the audit process.
• During the professional performance of their duties, is expected to:
  
  
  
  
  • Recommend revisions to audit programs resulting from changes in operating activities.
  • Recommend the scope of audit testing and the resources needed, including the use of computer assisted auditing techniques (CAAT).
  
  
  
  
• Performs fraud investigations as assigned.
• Provides on-the-job training to other internal audit team members as needed.
• Performs special projects as assigned by the Chief Audit Executive and/or Audit Manager.
• Maintains and enhances technical and professional competence through continuing education.

QUALIFICATIONS

• Education: BA/BS in accounting, business, finance, or related field.
• Certifications: Hold or actively pursue certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Compliance Specialist (CAMS), Certified Fraud Examiner (CFE), and/or other internal audit related certifications.
• Experience: Minimum 5 years of audit experience leading audits in a public accounting or private industry internal audit function, including at least 2 years in a Bank or Financial Services industry and at least 3 years supervising audit teams is required.
• Skills/Ability:
  
  
  
  • Strong verbal, written, and analytical skills with demonstrated ability to deal effectively with all levels of management to effect impactful control environment changes.
  • Strong understanding of internal control theory and audit techniques, plus a good working knowledge of computer assisted audit techniques.
  • Effective project management skills.
  • Must be a team player.
  • Work independently and in a team environment.
  • Ability to make certain decisions in absence of management guidance.
  • High level of integrity and discretion in handling confidential information.
  • Ability to travel, including occasional overnight and overseas assignments.
  
  
  
  

OTHER DETAILS

$110K - $135K / year
Pay determined based on job-related knowledge, skills, experience, and location.

This position may be eligible for a discretionary bonus.