Responsible for providing risk-based and objective assurance, advice and insight for key risk areas of the bank.
Audit
- Understand and learn business objectives and services and the related risks and controls for assigned risk areas of the Bank, including those of a moderately complex nature.
- Plan, manage, perform and document audits and reviews for assigned risk areas of the Bank. Report significant issues and potential improvements to Internal Audit management, bank management, and the Audit Committee.
- Supervise and review the activities of others assisting in the performance of these audits.
- Implement changes and upgrades to audit practices to meet or exceed applicable industry standards such as the IIA’s Global Internal Audit Standards.
- Participate as an ex-officio member of various Bank committees. Serve as a “Trusted Advisor” and provide guidance to management on internal control matters as needed.
- Assist, as needed, in the investigation of significant suspected fraudulent activities within the organization
- Assist in other audits and reviews as assigned. Perform special projects and administrative duties, as assigned.
Other
- Assist in the overall technology planning for the department. Promote automation and efficiency. Manage or assist in the administration of the department’s technology tools, including the department’s automated workpaper system.
- Assist in the development and maturation of the audit analytics / visualization program.
- Assist with the Audit Departments Quality Assurance and Improvement Program.
- Assist in overall audit planning and reporting to the Audit Committee.
- Assist in the coordination of the external audit and exam.
- Comply with IIA Global Standards regarding confidentiality and do no use information for personal gain or in a manner contrary or detrimental to the organization’s legitimate and ethical objectives.
- Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank’s internal policies
- Perform other related work and duties as assigned.
Supervisor Responsibilities
- Supervises available bank staff in the performance of audits and reviews. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include training employees and planning, assigning, directing and reviewing work.
Bachelor’s degree in accounting, business administration/management, finance, or equivalent from an accredited college. Degree requirement can be substituted with specified experience and/or relevant coursework. Other auditing certifications are a plus (e.g., CRMA, CIA, CPA, CISA). Working knowledge of Microsoft Office Products.
TECHNICAL SKILLS
Ability to operate a personal computer and job-related software. (Web-based systems, Word, Excel, Core Operating System DNA). Must be willing to learn new systems and not have any issues with emerging technology.
LANGUAGE SKILLS
Ability to read and interpret documents such as procedure manuals. Ability to write business correspondence, and policies using proper grammar and accurate spelling.
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts and interest, etc.
REASONING ABILITY
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
PHYSCIAL DEMANDS
- While performing the duties of this job, the employee is required to use hands and fingers to operate office equipment, telephones, etc.
- The employee must occasionally lift and/or move up to 25 pounds
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Specific vision abilities required by this job include close vision, and ability to adjust focus
WORK ENVIRONMENT
- The noise level in the work environment is usually moderate.
BENEFITS AND ADDITIONAL INFORMATION
- Bank wide bonus, 401(k), ESOP, Medical, Dental & Vision insurance, Health Savings Account, Life Insurance, Paid Holidays, PTO, and Paid Volunteer Time.
- Work Schedule is Monday through Friday
- Full-time 37.5 – 40 hours per week
- Flex Schedule Information
This job description is not designed as a comprehensive list of activities, duties, and/or responsibilities and may change at any time with or without notice. The duties and qualifications stated within this job description are representative of the knowledge, skill, and/or ability required for this position.
Somerset Trust Company is an Equal Opportunity Employer, including disability and protected veteran status. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
