Cathay Bank - Headquarters
VP, Professional Practices Senior Audit Manager
Cathay Bank - Headquarters, El Monte, California, us, 91734
General Summary
The VP, Sr. Manager, Professional Practices Audit reports directly to the SVP, Chief Audit Executive. Internal Audit Professional Practices is responsible for: managing professional practices; coordinating work planning activities; expanding and supporting the use of technology and data analytics; monitoring and reporting the implementation of the work plan; administering the Audit system; and coordinating training and professional development activities.
Direct Reports 1–2 direct reports
Essential Functions
Responsible for the implementation and development of leading practices, strategy, and methodology. This includes proposing improvements and integrating audit professional practices, participating in bank wide meetings and working groups to support initiatives, providing or assisting in methodology / audit platform training, and producing sophisticated reporting on audit issues and KPIs to senior management and committees.
Management of professional practices: Serves as a thought leader on the evolving role of internal audit and keeps abreast of innovations, developments, and best practices in internal auditing to facilitate continuous learning and improvements in the Internal Audit Section. Includes research and drafting of standard operating procedures and guidance to ensure compliance with the IIA International Standards for the Professional Practice of Internal Auditing, coordinating, documenting, and communicating changes in policies, procedures, guidance, methodologies, and approaches, etc.
Administers and monitors the Internal Audit Section’s Quality Assurance and Improvement Program (QAIP) – ensuring the Section performs its work in accordance with IIA International Standards, planning and coordinating independent internal and external quality assurance reviews, advising the CAE on actions to further improve the internal audit services, and assisting in editing and reviewing audit outputs to ensure consistent conformance with QAIP requirements and best practices.
Coordinates the External Quality Assurance reviews.
Coordination of work planning activities: Optimize the efficiency and effectiveness of audit processes, and advise and support the CAE and the Internal Audit Management Team in scaling up assurance and advisory services in line with the evolving risk profile of the organization and stakeholder expectations, with an emphasis on rapid risk identification, mitigation, and reducing any assurance gap.
Develop and maintain the audit universe – proposing strategies and methodologies for risk‑based audit work planning, coordinating audit work planning activities, documenting, communicating, and ensuring broad acceptance of the work plan, performing ongoing and dynamic enterprise risk monitoring, and proposing reprioritization of internal audit services; maintaining and updating the audit work plan as appropriate.
Serve as focal point and primary administrator of the audit management software, leading user requirement definition, acquisition, configuration, liaison with IT, IS and vendors, and training and supporting end‑users.
Partner with the Internal Audit Management Team to identify opportunities to utilize data analytics and automation in methodology and reporting processes.
Expand and support the use of technology and data analytics in risk‑based work planning and engagement‑level planning, execution, and reporting.
Monitor and report the implementation of the work plan: Monitor progress of assurance and advisory engagements.
Prepare reports on the implementation of the internal audit work plan, including coordinating/drafting the Internal Audit Section’s input to the Executive Board and the Audit Committee.
Management Information/Performance Measurement: develop and generate exception‑based management reporting and KPIs against key department targets – plans, projects, assignments.
Prepare summary issue reports on common and cross‑cutting issues identified by assurance, advisory and investigation activities – preparing advisory communications on significant issues and audit results.
Manage the issuance and disclosure of internal audit reports – coordinating management responses and questions from management, the Risk Advisory Committee, the Board of Directors, external auditors, and regulators.
Prepare Audit Committee materials.
Regulatory Liaison: coordinate and communicate the department’s activities with key regulators, including preparation/delivery of material required for examinations.
Training and professional development program: Administer and monitor the IA Department’s training and professional development program.
Coordinate the identification of skill gaps in relation to the IIA competency framework competencies.
Develop a comprehensive training plan (medium/long‑term) based on training needs identified by staff and their managers – monitoring and reporting on implementation of the training plan.
Partner with bank management on more complex assignments to implement enterprise‑wide activities by having a high‑level understanding of the business strategies; being very knowledgeable of the organization, its operations, policies, procedures, and organizational hierarchy and representing Audit on more complex and/or critical committees, projects or forums.
Carry out other tasks as may be assigned by the CAE.
Qualifications
Education
Advanced university degree (Master’s degree or equivalent) preferably in business administration, finance, accounting or a related field. A first‑level university degree in combination with two additional years of qualifying experience may be accepted in lieu of an advanced degree.
Certification as a Certified International Auditor (CIA), Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Information Systems Auditor (CISA) or equivalent is desirable.
Experience
At least 3–5 years of professional practices experience and/or 7+ years of audit or control functions experience.
Extensive knowledge and experience in developing risk‑based audit methodologies, risk assessments, annual planning, risk and control, quality assurance practices.
Proven track record in project management and coordination/integration across multiple audit groups.
Skills
Excellent communication – presentation and writing ability; experience in communications, training, proposals, methodologies and policies.
Solid knowledge of the audit and banking/financial industry and its associated risks.
Other Details Salary
$130,000 – $160,000 per year.
Pay is determined based on job‑related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Benefits Cathay Bank offers its full‑time employees a competitive benefits package that is a significant part of total compensation. The package includes medical, dental, vision, life, long‑term disability, flexible spending accounts (FSAs), health savings account (HSA) with company contributions, voluntary coverages, and a 401(k) plan.
Privacy, Accessibility and Equal Opportunity Statement Cathay Bank may collect personal information from potential candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.
Cathay Bank is an Equal Opportunity and Affiantive Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy, related medical conditions, childbirth and breastfeeding), reproductive health decision‑making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Know Your Rights: Workplace Discrimination is Illegal Poster – English, Spanish, Chinese Traditional, Chinese Simplified.
Contact for accommodations: This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
Mickey Hsu, FVP, Employee Relations Manager – (626) 582‑7370 or mickey.hsu@cathaybank.com.
#J-18808-Ljbffr
Direct Reports 1–2 direct reports
Essential Functions
Responsible for the implementation and development of leading practices, strategy, and methodology. This includes proposing improvements and integrating audit professional practices, participating in bank wide meetings and working groups to support initiatives, providing or assisting in methodology / audit platform training, and producing sophisticated reporting on audit issues and KPIs to senior management and committees.
Management of professional practices: Serves as a thought leader on the evolving role of internal audit and keeps abreast of innovations, developments, and best practices in internal auditing to facilitate continuous learning and improvements in the Internal Audit Section. Includes research and drafting of standard operating procedures and guidance to ensure compliance with the IIA International Standards for the Professional Practice of Internal Auditing, coordinating, documenting, and communicating changes in policies, procedures, guidance, methodologies, and approaches, etc.
Administers and monitors the Internal Audit Section’s Quality Assurance and Improvement Program (QAIP) – ensuring the Section performs its work in accordance with IIA International Standards, planning and coordinating independent internal and external quality assurance reviews, advising the CAE on actions to further improve the internal audit services, and assisting in editing and reviewing audit outputs to ensure consistent conformance with QAIP requirements and best practices.
Coordinates the External Quality Assurance reviews.
Coordination of work planning activities: Optimize the efficiency and effectiveness of audit processes, and advise and support the CAE and the Internal Audit Management Team in scaling up assurance and advisory services in line with the evolving risk profile of the organization and stakeholder expectations, with an emphasis on rapid risk identification, mitigation, and reducing any assurance gap.
Develop and maintain the audit universe – proposing strategies and methodologies for risk‑based audit work planning, coordinating audit work planning activities, documenting, communicating, and ensuring broad acceptance of the work plan, performing ongoing and dynamic enterprise risk monitoring, and proposing reprioritization of internal audit services; maintaining and updating the audit work plan as appropriate.
Serve as focal point and primary administrator of the audit management software, leading user requirement definition, acquisition, configuration, liaison with IT, IS and vendors, and training and supporting end‑users.
Partner with the Internal Audit Management Team to identify opportunities to utilize data analytics and automation in methodology and reporting processes.
Expand and support the use of technology and data analytics in risk‑based work planning and engagement‑level planning, execution, and reporting.
Monitor and report the implementation of the work plan: Monitor progress of assurance and advisory engagements.
Prepare reports on the implementation of the internal audit work plan, including coordinating/drafting the Internal Audit Section’s input to the Executive Board and the Audit Committee.
Management Information/Performance Measurement: develop and generate exception‑based management reporting and KPIs against key department targets – plans, projects, assignments.
Prepare summary issue reports on common and cross‑cutting issues identified by assurance, advisory and investigation activities – preparing advisory communications on significant issues and audit results.
Manage the issuance and disclosure of internal audit reports – coordinating management responses and questions from management, the Risk Advisory Committee, the Board of Directors, external auditors, and regulators.
Prepare Audit Committee materials.
Regulatory Liaison: coordinate and communicate the department’s activities with key regulators, including preparation/delivery of material required for examinations.
Training and professional development program: Administer and monitor the IA Department’s training and professional development program.
Coordinate the identification of skill gaps in relation to the IIA competency framework competencies.
Develop a comprehensive training plan (medium/long‑term) based on training needs identified by staff and their managers – monitoring and reporting on implementation of the training plan.
Partner with bank management on more complex assignments to implement enterprise‑wide activities by having a high‑level understanding of the business strategies; being very knowledgeable of the organization, its operations, policies, procedures, and organizational hierarchy and representing Audit on more complex and/or critical committees, projects or forums.
Carry out other tasks as may be assigned by the CAE.
Qualifications
Education
Advanced university degree (Master’s degree or equivalent) preferably in business administration, finance, accounting or a related field. A first‑level university degree in combination with two additional years of qualifying experience may be accepted in lieu of an advanced degree.
Certification as a Certified International Auditor (CIA), Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Information Systems Auditor (CISA) or equivalent is desirable.
Experience
At least 3–5 years of professional practices experience and/or 7+ years of audit or control functions experience.
Extensive knowledge and experience in developing risk‑based audit methodologies, risk assessments, annual planning, risk and control, quality assurance practices.
Proven track record in project management and coordination/integration across multiple audit groups.
Skills
Excellent communication – presentation and writing ability; experience in communications, training, proposals, methodologies and policies.
Solid knowledge of the audit and banking/financial industry and its associated risks.
Other Details Salary
$130,000 – $160,000 per year.
Pay is determined based on job‑related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Benefits Cathay Bank offers its full‑time employees a competitive benefits package that is a significant part of total compensation. The package includes medical, dental, vision, life, long‑term disability, flexible spending accounts (FSAs), health savings account (HSA) with company contributions, voluntary coverages, and a 401(k) plan.
Privacy, Accessibility and Equal Opportunity Statement Cathay Bank may collect personal information from potential candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.
Cathay Bank is an Equal Opportunity and Affiantive Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy, related medical conditions, childbirth and breastfeeding), reproductive health decision‑making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Know Your Rights: Workplace Discrimination is Illegal Poster – English, Spanish, Chinese Traditional, Chinese Simplified.
Contact for accommodations: This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
Mickey Hsu, FVP, Employee Relations Manager – (626) 582‑7370 or mickey.hsu@cathaybank.com.
#J-18808-Ljbffr