COMPLIANCE INTERNAL AUDITOR

Job Description

Job Description

The Compliance Internal Auditor is primarily responsible for planning and executing audits of the Bank’s regulatory compliance areas, audits of the Bank’s operations, and testing the effectiveness and efficiency of internal controls over financial reporting in accordance with the Sarbanes-Oxley Act.

The auditor will submit written reports of audit findings with meaningful recommendations to help management ensure internal controls are adequate and operating effectively and that the Bank is in compliance with banking regulations.

Responsibilities

Daily responsibilities include, but are not limited to, the following :

• Completes internal audits of regulatory compliance and operational areas of the Bank, including documenting findings and recommendations :
• Evaluates the adequacy and effectiveness of internal controls and compliance with policies and procedures.
• Performs specific audit procedures and prepares workpapers supporting and concluding on audit procedures performed.
• Submits formal written audit reports describing audit findings, the risk / effect, and practical recommendations or corrective action steps.
• Reviews the design and tests the operating effectiveness of internal controls over financial reporting in accordance with the Sarbanes-Oxley Act.
• Attend relevant training courses (minimum of 30 CPE hours)

Job Requirements

The successful candidate will have the following qualifications :

• BA / BS degree in accounting or a related business field or equivalent work experience with banking regulations.
• 2+ years of auditing experience, experience with banking compliance regulations preferred
• Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts.

Employees must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others.

Employees must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures.

Employees should also be flexible to changing working situations and able to meet deadlines as they arise.

• Ability to work independently in a fast-paced, deadline-driven environment.
• Ability to read and research FDIC or FFIEC regulations and manuals, develop compliance work programs using research tools, and perform testing to ensure compliance with banking regulations.
• Ability to multi-task and prioritize work to meet deadlines and time budgets.
• Ability to maintain discretion, independence, and objectivity.
• Ability to build trust and develop positive working relationships with all levels of management and staff.
• Must have the ability to interview employees and ask questions to determine root causes of deficiencies to make meaningful recommendations.
• Strong planning, project management and organizational skills.
• Ability to take ownership of assigned audits and produce quality work and show initiative in learning new or revised regulations.
• Strong analytical skills with the ability to summarize information, identify trends, reach conclusions, and make recommendations to reduce future deficiencies.
• Proficiency in application of internal auditing theory, documentation standards, and banking procedures.
• Knowledge of Sarbanes-Oxley Act section 404
• At least moderate experience with MS Word and Excel.
• Experience with banking regulatory compliance (including but not limited to) : HMDA, RESPA, Truth in Lending, ECOA, Flood Disaster Protection Act, Fair Lending, FACTA / FCRA, Expedited Funds, Truth in Savings, and Reg E).
• Experience using paperless audit work papers preferred.
• Experience with IDEA Data Analysis software preferred.
• CRCM preferred. CPA, CIA, CFE or other accounting / auditing / compliance certifications preferred or a willingness to obtain a relevant certification within 24 months.

Physical Requirements

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 functions of this job, the employee will continually communicate with coworkers or customers. The employee will constantly position themselves to sit or stand, and occasionally move around the office to access filing cabinets or office machinery.

The employee will constantly operate a computer, using repetitive movements of hands and fingers, and other office productivity machinery, such as a calculator, copy machinery, and computer printer.

The employee will frequently identify, observe and assess materials and information, visually or otherwise. The employee will frequently be required to lift or carry up to 10 pounds, and occasionally be required to lift or carry 11 50 pounds, with assistance if needed.

Employees must also have the ability and means to travel as necessary for the purpose of attending training, meetings, and other various business functions.