Audit & Compliance Administrator

POSITION:                  Audit & Compliance Administrator
PAY GRADE:                To be determined based on experience

DEPARTMENT:           Control Division
SUPERVISOR:             Senior Vice President/Chief Risk Officer

JOB FUNCTION: Under the supervision of the Control Division Manager (Internal Audit Liaison), the Audit & Compliance Administrator is responsible for assisting in the administration of the activities of the Bank's Internal Audit Department.  Additionally, the Audit & Compliance Administrator will assist the Control Division Manager (Compliance Officer) in the development and execution of the annual Compliance Plan. Serve as a liaison with the Bank's external auditors and regulators and facilitate the execution of the annual external audits and bank regulatory examinations.


  • Participate in an annual audit risk assessment that addresses the major control risks to the Bank while meeting regulatory and auditor expectations and promoting a sound internal control
  • Participate in an annual compliance risk assessment that addresses the major compliance risks to the Bank while meeting regulatory and auditor expectations and promoting a sound internal Compliance Management System.
  • Assist in the coordination of the planning, execution, and reporting of assigned internal audits that are performed by our contracted internal auditing firm.
  • Participate in other internal audits by completing assigned audit procedures and preparing audit working papers.
  • Participate in the administration of the annual external audit cycle and recurring regulatory bank examinations performed by the Bank’s regulators, and external accountants.
  • Execute assigned compliance testing, monitoring, or product implementation projects and prepare compliance working papers.
  • Maintain knowledge of banking laws and regulations and prepare written compliance audit plans for the assigned areas and document testing objectives and scopes.
  • Maintain appropriate source documentation for all work performed.
  • Discuss matters of importance throughout each Prepare a written summary of the project, drawing an overall conclusion, and documenting any findings, observations, and recommendations for improvement.
  • Work with Management to ensure corrective action of findings and recommendations occurs in a timely Maintain a list of open (unresolved) items and periodically review ongoing compliance with previous findings and recommendations.
  • Participate in any investigations or special projects that are assigned by the Audit Committee or Senior Management.
  • Assist in vendor oversight by reviewing SOC (Statement of Control) reports of selected vendors and work with Management to complete User Control statements.
  • Participate in the Bank's Retail
  • Comply with all Bank policies and administrative and training requirements, specifically with the Bank’s Code of Ethics Policy.
  • Develop a complete understanding of the banking laws and regulations that pertain to the
  • Complete all required training requirements; actively participate in Control Division and Bank wide meetings; communicate matters of potential risk and/or unusual activity to
  • Treat people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
  • Exhibit leadership by example, pursuing high performance and


  • Bachelor’s degree in relevant field and/or a minimum of 3-5 years of experience including prudent supervisory and administrative experience, with a bank, CPA firm, bank regulator, or equivalent experience.
  • Demonstrated knowledge of principles and techniques of accounting, auditing, internal control, compliance, and bank regulations.
  • Ability to communicate effectively, orally and in
  • Ability to read, analyze and interpret financial reports and legal
  • Ability to respond to common inquires or complaints from customers and regulatory
  • Demonstrated knowledge of current technical developments and other matters relevant to the auditing and compliance professions.
  • Demonstrated knowledge of principles and techniques of accounting, auditing, internal control, compliance, and regulatory compliance. Advanced degree or professional certification is
  • Ability to define problems, collects data, establishes facts, and draw valid Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
  • Proficient personal computer skills including electronic mail, record-keeping, routine database activity, word processing, spreadsheet, graphics.
  • Ability to handle multiple projects Ability to prioritize and organize assignments.
  • A desire to achieve Certified Internal Auditor, Internal Audit Practitioner, or Certified Regulatory Compliance Manager designation is preferred but not required.
  • A desire to achieve Certified Public Accountant designation is preferred but not
  • Previous Bank Examiner or internal or external audit experience is preferred but not

PHYSICAL DEMANDS: The physical demands described below must be met by an employee to successfully perform the essential functions of this job.

  • Required to stand for intermittent periods of
  • Required to sit for prolonged
  • Dexterity is mandatory as this job requires frequent use of hands and
  • Required to walk, reach with hands and arms, push items overhead, occasionally climb or balance, stoop, kneel, crouch or crawl.
  • Required to talk, hear, see, read and
  • Specific vision abilities required by this job include close vision, color vision and ability to adjust
  • This position requires occasional lifting and moving of up to 10