Manager of Internal Audit- Ford Credit Bank

About the role

The Manager of Internal Audit is responsible for planning, executing, and reporting on the Bank’s internal audit program. This role involves leading a team of auditors to assess the adequacy and effectiveness of internal controls, identify areas of risk management and regulatory compliance, and provide actionable insights to management and the audit committee.

Responsibilities

• Aid in the development and implementation of a risk-based audit plan aligned with the bank's strategic objectives and regulatory landscape.
• Lead end-to-end operational, financial, and compliance audits for key banking activities, including lending and deposit operations.
• Identify and assess key risks inherent in the bank's business processes. Evaluate the bank’s risk management frameworks and help build awareness of emerging risks and regulatory changes impacting the banking industry to ensure proactive risk management.
• Draft clear, concise, and well-supported audit reports and work-papers that articulate audit findings, associated risks, root causes, and actionable recommendations for management.
• Effectively communicate audit results to relevant stakeholders, including senior management, and track the implementation of corrective action plans to ensure timely resolution of identified deficiencies.
• Supervise, mentor, and develop internal audit staff, fostering a culture of continuous improvement and professional development.
• Conduct performance evaluations, identify training needs, and promote a collaborative and high-performing work environment within the internal audit department.
• Maintain a thorough understanding of relevant banking regulations and industry best practices. Ensure audit procedures are designed to assess and test internal controls to ensure adherence to applicable laws and regulations.
• Assist in preparing documentation and manage coordination with external auditors and regulatory examiners (e.g., FDIC, UDFI).
• Proactively identify opportunities to enhance the efficiency and effectiveness of the internal audit function through the implementation of innovative audit techniques, data analytics, and technology solutions.
• Contribute to the development and maintenance of internal audit policies and procedures to ensure alignment with industry standards and regulatory requirements.

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Minimum of 7-10 years of experience in internal audit, public accounting, or a related field within the banking industry.
• Strong understanding of FFIEC guidelines, internal control frameworks (e.g., COSO) and Federal banking regulations.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficient in audit methodologies, risk assessment techniques, and sampling methodologies.
• Excellent written and verbal communication skills, with the ability to effectively communicate with all levels of management.
• Ability to work independently and as part of a team.
• Strong organizational and time management skills including managing multiple audit projects simultaneously.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
• Familiarity with audit software and data analytics tools is a plus.

Preferred Qualifications

• Active CIA (Certified Internal Auditor) or CPA (Certified Public Accountant) certification.