VP, Sr. Manager, Professional Practices Audit

About the role

The VP, Sr. Manager, Professional Practices Audit reports directly to the SVP, Chief Audit Executive. Internal Audit Professional Practices is responsible for managing professional practices; coordinating work planning activities; expanding and supporting the use of technology and data analytics; monitoring and reporting the implementation of the work plan; administering the Audit system; and coordinating training and professional development activities.

Responsibilities

• Responsible for the implementation and development of leading practices, strategy, and methodology.
• Participating in Bank wide meetings and working groups to support initiatives.
• Providing or assisting in methodology / audit platform training.
• Producing sophisticated reporting on audit issues and KPIs to senior management and committees.
• Managing professional practices: serves as a thought leader on the evolving role of internal audit and keeps abreast of innovations, developments, and best practices in internal auditing to facilitate continuous learning and improvements in the Internal Audit Section.
• Coordinating, documenting, and communicating changes in policies, procedures, guidance, methodologies, and approaches, etc.
• Administers and monitors the Internal Audit Section’s Quality Assurance and Improvement Program (QAIP).
• Optimize the efficiency and effectiveness of audit processes.
• Advise and support the CAE and the Internal Audit Management Team in scaling up assurance and advisory services in line with the evolving risk profile of the organization and expectations of stakeholders with an emphasis on rapid risk identification and mitigation and reducing any assurance gap.
• Develop and maintain the audit universe.
• Maintain and update the audit work plan as appropriate.
• Partner with Internal Audit Management Team to identify opportunities to utilize data analytics and automation in methodology and reporting processes.
• Expand and support the use of technology and data analytics in risk-based work planning and engagement-level planning, execution, and reporting.
• Monitor and report the implementation of work plan.
• Manage the issuance and disclosure of internal audit reports.
• Prepare summary issue reports on common and cross-cutting issues identified by assurance, advisory and investigation activities.
• Prepare advisory communications on issues of significance and results of audit activities.
• Manage the issuance and disclosure of internal audit reports.
• Prepare Audit Committee materials.
• Coordinate the External Quality Assurance reviews.
• Coordinate work planning activities.
• Train and support end-users.
• Partner with bank management on more complex assignments.
• Represent Audit on more complex and/or critical bank committees, projects, or tasks forums.
• Carry out other tasks as may be assigned by the CAE.

  Qualifications

  • Advanced university degree (Master’s degree or equivalent) preferably in business administration, finance, accounting or a related field.
  • (A first level university degree in combination with two additional years of qualifying experience may be accepted in lieu of the advanced university degree.)
  • Certification as a Certified International Auditor (CIA), Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Information Systems Auditor (CISA) or equivalent is desirable.
  • At least 3-5 years of professional practices experience and/or 7+ years of experience in conducting / managing audit or control functions.
  • Extensive knowledge and experience in developing risk-based audit methodologies, risk assessments, annual planning, risk and control, quality assurance practices.
  • Proven track record in project management and coordination / integration efforts across multiple audit groups.

  Skills

  • Excellent communication – presentation and writing ability: communications, trainings, proposals, methodologies, and policies.
  • Solid knowledge of the audit and banking / financial industry and its associated risks.

  Benefits

  • $180K – $185K / year Pay determined based on job-related knowledge, skills, experience, and location.
  • This position may be eligible for a discretionary bonus.
  • Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

  Other Details

  • Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users.
  • If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com.
  • This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.