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Audit Director – Los Angeles
Our client is an International Bank based in the Los Angeles area and they are looking to hire an Audit Director to lead their team. The Director will be responsible for the overall Audit function of the bank and will plan/manage/oversee audits that will be conducted by external auditing firms that the Audit Director will help select. The Audit Director will be responsible to ensure that the reports are submitted in a timely manner and adequate follow up action on issues noted is taken. Audit Director will be responsible for developing and maintaining a database tracking outstanding issues, active follow up, and presenting appropriate reporting to the Audit Committee/Board.
Primary responsibilities for this position are as follows:
• Manage, quality control, present and deliver internal audit, related risk management and audit projects. Be responsible for internal auditing (financial/operational/compliance) and risk management projects for the Bank including all the branches.
Essential job functions:
1. Direct and drive the success of multiple, concurrent engagements being executed on time and within budget with value-added insights. Effectively oversee and manage the work performed by external firm hired to conduct audits on the audit department’s behalf. Develop Audit Plans flowing from a comprehensive risk assessment ensuring adequate coverage is provided to areas of higher concern immediately and lower risk areas as appropriately needed.
2. Develops comprehensive risk-based audit and continuous monitoring programs for the area(s) of responsibility. Keeps abreast of all industry/regulatory developments, impacting the operations and risk profile of the bank.
3. Communicate effectively, clearly, concisely, and accurately using written and verbal communications with executive management. Influence and impact meaningful organizational change that strengthen the Bank’s control environment.
4. Works and partners with other department Heads to ensure suitable audit scope and coverage.
5. Ensures performance of independent and objective evaluations of the adequacy, effectiveness and efficiency of the bank’s internal and governance controls in areas(s) of audit responsibility.
6. Participates in various committees as assigned to provide reports and information on current/emerging business issues to top management.
Salary $140-175k + Bonus.
