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  • Posting Date Apr 29, 2014
  • Closing Date N/A
  • Contact Name Cathy Hurst
  • Salary N/A
  • Category Banking & Finance
  • Location Woods Cross, Utah
  • Job Type Full-time
  • Years of Experience 5-7 years
  • Industry Banking
Ad Number 516199
Member Since: May 2010
Favorite of: 2 People
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    Internal Auditor

    Prime Alliance Bank Woods Cross, UT | Posted Apr 29, 2014

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    Job Description

    General outline of the position Responsible for implementing and overseeing the Bank’s internal auditing program. Conducts and directs audits and ongoing reviews of financial controls, operating procedures, and compliance with policies and regulations. Reviews and appraises the soundness, effectiveness, and proper application of accounting and financial policies and procedures. Assesses the adequacy and extent of programs designed to safeguard Bank assets. Compiles and issues reports detailing conclusions and providing recommendations for improvements. Directs and appraises the activities of audit personnel. Develops and implements employee training and modifies procedures and manuals as needed. Serves as a liaison for all external audit and regulatory agencies. Serves as a non-voting member and reports to Board Audit Committee monthly as requested.


    Essential day-to-day functions and basic duties Day-to-day activities would generally include, but not necessarily be limited to, the following activities: 1. Assumes responsibility for the development and implementation of effective audit strategies. a. Assists in developing short and long-term goals and objectives. Prepares an annual plan for auditing all departments and operations. b. Executes established operational goals and ensures that institution-wide plans are complemented and supported. Coordinates internal auditing programs with those formulated by the Bank’s independent and regulatory auditors. c. Develops policies and procedures for auditing operations in conjunction with Senior Management recommendations. Conducts periodic reviews of existing policies to ensure accuracy, efficiency, and effectiveness. Acts as an internal controls/system consultant. d. Ensures that policies and procedures are current and in compliance with evolving regulations, legal requirements, and industry trends. 2. Ensures the effective and accurate performance of auditing functions. a. Oversees and reviews operational audits ensuring adherence with Bank policies, regulations, financial controls, and industry standards. Ensures adequate test work, conducts related discussions with management, develops recommendations, and provides risk assessments. b. Oversees and reviews financial and credit audit analyses. Examines and/or directs examination of credit and investment portfolios to determine compliance with established policies, standards, and legal requirements. Ensures that credit documentation is appropriate. Discusses reviews with appropriate managers and develops recommendations and risk assessments. c. Oversees, directs, and reviews Information Systems audits. Ensures that necessary computer controls exist and are developed and modified as needed. Ensures the appropriate review of systems specifications, tests of transactions, control documents, documentation, and backup procedures. d. Conducts, oversees, and reviews internal fraud investigations. Oversees employee audits, screens, and background checks. e. Performs special investigations or audits upon the request of the President, Board of Directors, or Senior Management. f. Is Part of and reports monthly (or as requested) to Board Audit Committee. 3. Assumes responsibility for establishing and maintaining effective communication and coordination with Bank personnel and management. a. Assists and supports Bank personnel and management as required. b. Keeps the President informed of area activities and of any significant problems. c. Completes and submits required reports, records, and related documents. Prepares reports of progress towards completion of the annual plan. Reviews and discusses audit reports with the President. d. Attends meetings as required. 4. Assumes responsibility for ensuring that professional business relationships are established and maintained with regulators contacts and external audit professionals. a. Ensures that appropriate levels of security and confidentiality are maintained. b. Acts as a principal representative of the Bank in contact with business and trade associations and external auditors and regulatory personnel. Promotes the Bank’s interests. 5. Assumes responsibility for related duties as required or assigned. a. Ensures that the Bank’s professional reputation is maintained. b. Stays informed of changing auditing procedures, policies, and industry trends. c. Ensures that work area is clean, secure, and well maintained. PERFORMANCE MEASUREMENTS 1. Strategic auditing plans and goals are developed and implemented that are supportive of Bank objectives. 2. Auditing functions are efficiently and accurately performed in accordance with established policies, procedures, and regulatory requirements. 3. Auditing needs are appropriately assessed, problems are identified, and effective controls and systems are implemented to meet them. Recommendations are provided as needed. 4. Auditing functions are well implemented within all Bank departments. Good coordination exists with independent and regulatory auditors. 5. Auditing personnel are well trained, effective, and their activities well-coordinated. Good working relationships exist with Bank personnel. Assistance is provided as needed. 6. Senior Management and the President are appropriately informed of Audit activities and of any significant problems. Suggestions for improved effectiveness and control are provided. Required reports are accurate, timely, and informative. Bank Secrecy Act / Anti Money Laundering “As an employee of Prime Alliance Bank you are responsible to assure that you remain compliant with all regulations and laws relevant to the functions of your position”. This includes the Bank Secrecy Act / Anti Money Laundering.


    QUALIFICATIONS EDUCATION/CERTIFICATION: Bachelor’s degree in accounting or finance. CIA or CPA preferred. Other industry certification considered. REQUIRED KNOWLEDGE: Thorough knowledge of audit procedures, government regulations, and Bank operations. Understanding of audit and other related computer applications. EXPERIENCE REQUIRED: At least ten years of progressive auditing experience required. Supervisory experience required. SKILLS/ABILITIES: Demonstrated management, supervisory, and organizational abilities. Strong analytical, research, and problem-solving skills. Creative and able to develop innovative solutions. Attentive to details. Excellent written and oral communications skills. Excellent public relations skills. Able to use all related computer software applications, viewers, copy machines, telephone, and other basic business machines.

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