Internal Audit Manager– Regulatory Compliance (HYBRID, Richmond VA)

position Description

The Internal Audit Manager – Compliance is primarily responsible for managing and performing multiple audits, managing audit projects, and managing the staff required to perform those audits and projects. The Internal Audit Manager – Compliance will also be assigned individual audits, portions of audits, or specific internal controls to test to determine the nature of operations, compliance with state and Federal regulations and the adequacy of the system of control to achieve established objectives.

Work is varied in nature with changing priorities and may require more than 40 hours per week.

Position Accountabilities

• Manage and perform Regulatory Compliance Audits. This includes updating the risk assessment on the area to be audited, planning the objectives and scope of the audit to be performed, preparing the audit program, establishing milestone completion dates and perform audit procedures
• Manage staff assigned to the audits, including performing the detailed review of audit work papers and reports prepared by staff.
• Directs performance of Regulatory Compliance Audits. This includes ensuring audit staff obtains, analyzes and appraises evidential data, audit work is stopped when sufficient data has been obtained to support audit finding, work papers that record, summarize and support audit findings are properly prepared, and that audits or projects as assigned are completed in accordance with established milestones.
• Manage and perform audits such that audit output meets the requirements of Atlantic Union Bank’s Internal Audit Policies and Procedures as well as The Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing (Standards).
• The Internal Audit Manager – Compliance is responsible for obtaining the applicable regulatory compliance training. This position also performs a critical role in the mentoring and development of staff and senior auditors.
• Evaluates the adequacy and effectiveness of the system of control and the efficiency of performance of the activities being reviewed.
• Conducts discussions with personnel to verify facts and to obtain explanations for apparent deficiencies. Evaluates or assists in evaluating the adequacy of the corrective actions proposed by management.
• Prepares and presents the preliminary and final report to management, detailing audit findings and recommendations for corrective actions and improvements
• Evaluates the adequacy and effectiveness of the system of control and the efficiency of performance of the activities being reviewed.
• Conducts discussions with personnel to verify facts and to obtain explanations for apparent deficiencies. Evaluates or assists in evaluating the adequacy of the corrective actions proposed by management.
• Prepares and presents the final report to management, detailing audit findings and recommendations for corrective actions and improvements.
• Lead regulatory compliance special project work as assigned..
• Complete regulatory compliance related research work as requested, provide conclusion and recommended action if needed.
• Provides backup for other compliance auditors during peak periods, employee absences or staffing emergencies.

Organizational Relationship

This position reports to the Director of Internal Audit – Regulatory Compliance. This position works closely with the Internal Audit Team as well as with all members of the first and second lines of defense

Position Qualifications

education & experience

• Undergraduate degree in Business Administration or business related field.
• Seven+ years of auditing regulatory compliance experience, including 2 years in a supervisory role.

Knowledge & Skills

• In-depth knowledge of auditing concepts, principles and practices as applied to regulatory compliance within a financial institution
• In-depth knowledge of banking or financial institution rules, regulations and operations.
• Advanced PC skills including word processing, spreadsheet and database applications
• Demonstrated analytical and problem-solving skills.
• Advanced written, oral, interpersonal and negotiating skills with ability to prepare and present technical presentations.
• Ability to work in and to lead teams. Includes supervising staff and senior auditors as assigned to audit projects.
• Ability to manage competing and changing priorities.
• In-depth knowledge of banking or financial institution rules, regulations and operations.

Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.

We are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace.