Staff Auditor
South Shore Bank, Dedham, MA, United States
Staff Auditor
The Staff Auditor is responsible for supporting the internal audit function by performing audit testing, evaluating internal controls, and assessing compliance with bank regulations, internal policies, and procedures. This role helps to ensure the organizational operations are effective, adhere to policies and procedures, and comply with regulatory requirements.
Essential Duties And Responsibilities
Conducts internal audits of financial, operational, and FDICIA controls across various business units including but not limited to the following:
Perform walkthroughs, document processes, and identify key controls.
Execute audit procedures designed to assess the adequacy and effectiveness of controls.
Prepare clear, well-organized audit workpapers that support audit conclusions.
Analyze audit findings for the root cause and ensure the corrective action is appropriate.
Summarize audit findings and draft audit reports.
Communicate observations to audit management and business unit personnel.
Maintain symbiotic relationship with the Chief Accounting Officer (CAO) over FDICIA controls, including:
Performing FDICIA testing for all entities.
Coordinating control revisions, additions, and eliminations with the CAO.
Ensure controls are reasonable and auditable.
Maintain control testing records, including testing completed, passed, failed and in process.
Maintain and organize the testing documentation for all samples.
Prepare annual results reporting for management and the Audit-Risk Committee.
Conduct or assist in special audits, as necessary, at the direction of the Director of Audit.
Provide support to internal and external audit firms as needed, including:
Assisting with scheduling meetings with management for kickoff and/or exit meetings.
Coordinating request lists and uploading audit documentation.
Assist with communicating observations and findings to management and business unit personnel.
Assist with maintaining the Audit Procedures.
Assist in the management of audit findings including, but not limited to the following:
Ensuring that findings and recommendations are designed to improve internal controls, risk management, and ensure regulatory compliance.
Ensuring that third-party internal auditors communicate all findings with management and prepare comprehensive written audit reports. Also ensure the appropriateness and effectiveness of Management's response to all audit findings.
Audit remediation validation:
Perform periodic testing of high-risk and/or repeat audit findings to ensure remediation efforts are sustained.
Review remediation plans and validate sustainability of results for moderate, low, and best practice recommendations.
Collaborate with the Director of Audit to enhance audit methodologies and processes.
Pursue professional development and remain informed on auditing, accounting, regulatory developments, emerging risks, and change in banking regulations through self-directed study and attendance at meetings, courses, and seminars.
Adhere to the Bank's privacy and data security policies including, but not limited to, safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
Complete all internal Bank training as assigned and required.
Performs other related duties as assigned.
Complete all internal Company training as assigned and required.
Adhere to the Company's privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
Exhibit the ability and desire to embrace and enhance the Company culture.
Supervisory Responsibilities
None
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
Bachelor's degree in accounting, finance, business, or comparable work experience in a related field.
2-4 years audit, FDICIA, and/or banking experience preferred.
Skills
Ability to comprehend fundamental audit and FDICIA concepts (e.g., operational, credit, compliance, and internal control risks).
Basic knowledge of the banking and financial services industry including federal laws and regulations
Willingness to gain new knowledge and technical skills.
Intermediate typing skills to meet the production needs of the position.
Intermediate math skills: the ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply, and divide into all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; compute rate, ratio, and percent, including the drafting and interpretation of bar graphs.
Exceptional verbal, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze, and interpret documents and professional journals, understand procedures, write reports, correspondence, and procedures, speak clearly to customers and employees.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand, walk; use sufficient hand, arm and finger dexterity or feel objects, tools, or controls. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
Key Points
For those seeking to deliver the latest financial solutions rooted in trustworthy, high-quality service, Charlesbridge, a mutual bank holding company, provides operational support, resources, legacy, and innovative thinking to financial institutions so they can deliver a suite of flexible, personalized solutions designed to meet the evolving needs of our clients and our communities. Our local roots, dedication to the communities we serve, loyalty to our people, and commitment to excellence ensure that we remain a trusted partner in an ever-evolving financial journey, today and tomorrow. While our employees are committed to helping our clients, we are committed to our employees. To support our employees, we offer a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare Subsidy, Retirement, Life Insurance, and many other benefits.
Charlesbridge is committed to providing equal opportunity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, age, marital status, national origin, physical or mental disability, veteran or disability status, gender identity, or expression, citizenship, genetic information, ancestral origin, military status, pregnancy, childbirth, and or conditions relating to pregnancy or any other related medical conditions or any other status protected by Federal, State or local laws.
Here at Charlesbridge, we strive to foster a culture where every voice is valued and where employees have a sense of belonging and connection with each other. We are dedicated to creating a work environment that understands, supports, and welcomes diverse perspectives and backgrounds. Together, we will create an inclusive and culturally competent and supportive environment where employees model behavior that enriches both Banks and the communities we support.
Pay Range Disclosure
The pay range for this position is $64,781.70 to $83,534.29 per year and is the lowest to highest salary Charlesbridge in good faith believe we would pay for this role at the time of this posting. The Company may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, sales or revenue-based metrics, and business or organizational needs and affordability.
EOE/F/M/Vet/Disabled
Salary Description $64,781.70
The Staff Auditor is responsible for supporting the internal audit function by performing audit testing, evaluating internal controls, and assessing compliance with bank regulations, internal policies, and procedures. This role helps to ensure the organizational operations are effective, adhere to policies and procedures, and comply with regulatory requirements.
Essential Duties And Responsibilities
Conducts internal audits of financial, operational, and FDICIA controls across various business units including but not limited to the following:
Perform walkthroughs, document processes, and identify key controls.
Execute audit procedures designed to assess the adequacy and effectiveness of controls.
Prepare clear, well-organized audit workpapers that support audit conclusions.
Analyze audit findings for the root cause and ensure the corrective action is appropriate.
Summarize audit findings and draft audit reports.
Communicate observations to audit management and business unit personnel.
Maintain symbiotic relationship with the Chief Accounting Officer (CAO) over FDICIA controls, including:
Performing FDICIA testing for all entities.
Coordinating control revisions, additions, and eliminations with the CAO.
Ensure controls are reasonable and auditable.
Maintain control testing records, including testing completed, passed, failed and in process.
Maintain and organize the testing documentation for all samples.
Prepare annual results reporting for management and the Audit-Risk Committee.
Conduct or assist in special audits, as necessary, at the direction of the Director of Audit.
Provide support to internal and external audit firms as needed, including:
Assisting with scheduling meetings with management for kickoff and/or exit meetings.
Coordinating request lists and uploading audit documentation.
Assist with communicating observations and findings to management and business unit personnel.
Assist with maintaining the Audit Procedures.
Assist in the management of audit findings including, but not limited to the following:
Ensuring that findings and recommendations are designed to improve internal controls, risk management, and ensure regulatory compliance.
Ensuring that third-party internal auditors communicate all findings with management and prepare comprehensive written audit reports. Also ensure the appropriateness and effectiveness of Management's response to all audit findings.
Audit remediation validation:
Perform periodic testing of high-risk and/or repeat audit findings to ensure remediation efforts are sustained.
Review remediation plans and validate sustainability of results for moderate, low, and best practice recommendations.
Collaborate with the Director of Audit to enhance audit methodologies and processes.
Pursue professional development and remain informed on auditing, accounting, regulatory developments, emerging risks, and change in banking regulations through self-directed study and attendance at meetings, courses, and seminars.
Adhere to the Bank's privacy and data security policies including, but not limited to, safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
Complete all internal Bank training as assigned and required.
Performs other related duties as assigned.
Complete all internal Company training as assigned and required.
Adhere to the Company's privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
Exhibit the ability and desire to embrace and enhance the Company culture.
Supervisory Responsibilities
None
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
Bachelor's degree in accounting, finance, business, or comparable work experience in a related field.
2-4 years audit, FDICIA, and/or banking experience preferred.
Skills
Ability to comprehend fundamental audit and FDICIA concepts (e.g., operational, credit, compliance, and internal control risks).
Basic knowledge of the banking and financial services industry including federal laws and regulations
Willingness to gain new knowledge and technical skills.
Intermediate typing skills to meet the production needs of the position.
Intermediate math skills: the ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply, and divide into all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; compute rate, ratio, and percent, including the drafting and interpretation of bar graphs.
Exceptional verbal, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze, and interpret documents and professional journals, understand procedures, write reports, correspondence, and procedures, speak clearly to customers and employees.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand, walk; use sufficient hand, arm and finger dexterity or feel objects, tools, or controls. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
Key Points
For those seeking to deliver the latest financial solutions rooted in trustworthy, high-quality service, Charlesbridge, a mutual bank holding company, provides operational support, resources, legacy, and innovative thinking to financial institutions so they can deliver a suite of flexible, personalized solutions designed to meet the evolving needs of our clients and our communities. Our local roots, dedication to the communities we serve, loyalty to our people, and commitment to excellence ensure that we remain a trusted partner in an ever-evolving financial journey, today and tomorrow. While our employees are committed to helping our clients, we are committed to our employees. To support our employees, we offer a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare Subsidy, Retirement, Life Insurance, and many other benefits.
Charlesbridge is committed to providing equal opportunity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, age, marital status, national origin, physical or mental disability, veteran or disability status, gender identity, or expression, citizenship, genetic information, ancestral origin, military status, pregnancy, childbirth, and or conditions relating to pregnancy or any other related medical conditions or any other status protected by Federal, State or local laws.
Here at Charlesbridge, we strive to foster a culture where every voice is valued and where employees have a sense of belonging and connection with each other. We are dedicated to creating a work environment that understands, supports, and welcomes diverse perspectives and backgrounds. Together, we will create an inclusive and culturally competent and supportive environment where employees model behavior that enriches both Banks and the communities we support.
Pay Range Disclosure
The pay range for this position is $64,781.70 to $83,534.29 per year and is the lowest to highest salary Charlesbridge in good faith believe we would pay for this role at the time of this posting. The Company may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, sales or revenue-based metrics, and business or organizational needs and affordability.
EOE/F/M/Vet/Disabled
Salary Description $64,781.70