Senior Audit Manager

About the role

Under the general supervision of the Chief Audit Executive, assumes responsibility for overseeing the planning and executing of the annual risk-based audit plan for S&T Bancorp, Inc., and its affiliates (“S&T”). Has responsibility for assisting the CAE / Deputy CAE in establishing and monitoring Internal Audit’s performance measurements to ensure high quality standards for the audit strategy, execution, and reporting. Assists in facilitating integration of the audit strategy with S&T’s strategy by linking Internal Audit’s performance to S&T’s mission and objectives.

Responsibilities

• Sound knowledge of, follows, and instructs others on executing audits in accordance with the International Professional Practices Framework of the Institute of Internal Auditors and other applicable regulatory guidance (e.g., Federal Reserve SR13-1, etc.), including evolving interpretations or practices.
• Extensive technical competence and judgment to identify, research, and evaluate issues and risks.
• Strong application of generally accepted accounting principles (GAAP) and bank industry guidance to extract relevant information from volumes of data to identify and address risks including strategic, business, and operational risks (e.g., what can go wrong in the processing of transactions and/or impact on recording financial information accurately).
• Proactively communicate and discuss new pronouncements/standards, industry trends and understands effects on the business.
• Maintains current knowledge of these functions within the industry and developments within S&T.
• Conducting interviews of selected personnel for the purpose of documenting and evaluating business processes to determine the potential risk drivers and/or the adequacy of internal controls.
• Developing, and maintaining current, detailed audit programs for audits of these functions that include identification of risks, controls, fraud indicators, and ensuring that alignment is maintained with the changing profile/risks of the banking industry and S&T.
• Supervising professional staff, including evaluating performance, taking corrective action to address any performance issues, salary administration, directing job assignments, and identifying developmental/training opportunities to enhance their audit and banking knowledge and expertise.
• Reviewing electronic work papers and reports of subordinates or peers performing audits of these functions or processes to ensure the technical adequacy and adherence to professional internal auditing standards, including ensuring that audit work papers are documented in accordance with S&T’s audit methodology and that they meet quality requirements (e.g., procedures are properly documented to support audit findings and that the appropriate audit recognition/attention is given to important areas such as, compliance matters, significant financial statement accounts/disclosures, etc.).
• Exercising professional judgment to determine materiality of findings and adequacy and effectiveness of the operation.
• Managing the efficiency and effectiveness of each engagement assignment by leveraging dashboards / reporting from the audit software.
• For the IIA Standards, the Audit performance measurements are required to be approved by the Audit Committee on an annual basis and will assist in developing action plans for any performance measurements that do not meet the established thresholds.
• Prepares and presents Audit Committee materials, which primarily includes effectively reporting audit results and measuring, monitoring, and reporting internal audit’s performance.
• Assists with the development and facilitation of staff trainings.
• Manages day-to-day office operations such as ensuring audits are on schedule, weekly time reports are submitted, and quality assurance procedures are adhered to in operating practice.
• Evaluates audit issue responses received from management for adequacy, effectiveness, and timeliness and supervises staff to determine the necessary audit follow-up procedures.
• Undertakes self-development through attendance at training courses offered by S&T, on the job training and through the pursuit of other forms of training and development suited to achieving departmental goals and objectives and individual needs.
• Works independently, as well as motivated to work as a team player, exhibits excellent interpersonal and communication skills, to contribute to the success of the department and in turn, the organization.
• Performs additional duties as assigned.

  Requirements

  Requires a Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master's degree is preferred. Requires a minimum of 10 years of progressive experience in internal audit, banking, or a related field. Requires a CPA certification. Requires a strong understanding of GAAP and bank industry guidance. Requires extensive technical competence and judgment to identify, research, and evaluate issues and risks. Requires strong application of generally accepted accounting principles (GAAP) and bank industry guidance to extract relevant information from volumes of data to identify and address risks including strategic, business, and operational risks (e.g., what can go wrong in the processing of transactions and/or impact on recording financial information accurately).

  Qualifications

  Requires a Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master's degree is preferred. Requires a minimum of 10 years of progressive experience in internal audit, banking, or a related field. Requires a CPA certification. Requires a strong understanding of GAAP and bank industry guidance. Requires extensive technical competence and judgment to identify, research, and evaluate issues and risks. Requires strong application of generally accepted accounting principles (GAAP) and bank industry guidance to extract relevant information from volumes of data to identify and address risks including strategic, business, and operational risks (e.g., what can go wrong in the processing of transactions and/or impact on recording financial information accurately).

  Skills

  Ability to inspire others to be strategic/critical thinkers and recognize the risks to the achievement of business objectives, evaluate related control implications and communicate these effectively to senior management.

• Sound knowledge of, follows, and instructs others on executing audits in accordance with the International Professional Practices Framework of the Institute of Internal Auditors and other applicable regulatory guidance (e.g., Federal Reserve SR13-1, etc.), including evolving interpretations or practices.
• Extensive technical competence and judgment to identify, research, and evaluate issues and risks.
• Strong application of generally accepted accounting principles (GAAP) and bank industry guidance to extract relevant information from volumes of data to identify and address risks including strategic, business, and operational risks (e.g., what can go wrong in the processing of transactions and/or impact on recording financial information accurately).
• Proactively communicate and discuss new pronouncements/standards, industry trends and understands effects on the business.
• Maintains current knowledge of these functions within the industry and developments within S&T.
• Conducting interviews of selected personnel for the purpose of documenting and evaluating business processes to determine the potential risk drivers and/or the adequacy of internal controls.
• Developing, and maintaining current, detailed audit programs for audits of these functions that include identification of risks, controls, fraud indicators, and ensuring that alignment is maintained with the changing profile/risks of the banking industry and S&T.
• Supervising professional staff, including evaluating performance, taking corrective action to address any performance issues, salary administration, directing job assignments, and identifying developmental/training opportunities to enhance their audit and banking knowledge and expertise.
• Reviewing electronic work papers and reports of subordinates or peers performing audits of these functions or processes to ensure the technical adequacy and adherence to professional internal auditing standards, including ensuring that audit work papers are documented in accordance with S&T’s audit methodology and that they meet quality requirements (e.g., procedures are properly documented to support audit findings and that the appropriate audit recognition/attention is given to important areas such as, compliance matters, significant financial statement accounts/disclosures, etc.).
• Exercising professional judgment to determine materiality of findings and adequacy and effectiveness of the operation.
• Managing the efficiency and effectiveness of each engagement assignment by leveraging dashboards / reporting from the audit software.
• For the IIA Standards, the Audit performance measurements are required to be approved by the Audit Committee on an annual basis and will assist in developing action plans for any performance measurements that do not meet the established thresholds.
• Prepares and presents Audit Committee materials, which primarily includes effectively reporting audit results and measuring, monitoring, and reporting internal audit’s performance.
• Assists with the development and facilitation of staff trainings.
• Manages day-to-day office operations such as ensuring audits are on schedule, weekly time reports are submitted, and quality assurance procedures are adhered to in operating practice.
• Evaluates audit issue responses received from management for adequacy, effectiveness, and timeliness and supervises staff to determine the necessary audit follow-up procedures.
• Undertakes self-development through attendance at training courses offered by S&T, on the job training and through the pursuit of other forms of training and development suited to achieving departmental goals and objectives and individual needs.
• Works independently, as well as motivated to work as a team player, exhibits excellent interpersonal and communication skills, to contribute to the success of the department and in turn, the organization.
• Performs additional duties as assigned.

  Benefits

  N/A

  Pay

  $95,000.00 - $283,500.00

  Schedule

  Monday - Friday 8:00AM-5:00PM (Additional hours as necessary to meet the objectives of the department)