About Working at Commerce Wouldn't it be great to build your career at a bank that's known for helping people with their financial challenges? That's exactly what you'd be doing when you join the team at Commerce Bank. We're looking for teammates who are ready to do whatever it takes to help our customers with their everyday financial needs. You'd be helping yourself too, because Commerce has a tradition of recognizing and rewarding team members for their talent, skills and contributions.
No wonder we've been an industry leader for over 150 years and have developed a reputation as a great place to work in the financial services world. If you'd like to be a part of a team and culture that is respected by its peers and in your community, we should talk. We're always looking for the best and brightest.
Job Expectations: Job Summary As an important member of the audit team, which is part of the overall risk management oversight program, the Auditor will ensure the Bank's regulatory compliance through analysis and testing throughout specific lines of business. Auditor Seniors are skilled in auditing techniques and familiar with internal auditing standards. You will use your own knowledge of the Commerce business units along with discussions with business unit management to evaluate the business processes that pose the greatest risks within each unit being audited.
*Position could be located at any of the Commerce branch locations within the market footprint*
Essential Functions - Lead projects of mid-level complexity, including determining details of work required and documenting project plans with scope and sample size justification. Typically involves leading 2-4 auditors for a 6-8 week project. - Determine audit scope by incorporating knowledge from past experience and existing audit documentation, information obtained from business unit management, and risk assignments in Audit Step Inventory (ASI) documents and develop audit steps based on results of scope evaluation and assign to audit team members. - Identify internal control strengths and weaknesses, accounting errors, or compliance violations - Communicate project periodic progress to audit and business unit management. - Assign tasks/supervise field work and prepare clear, concise reports of audit results. - Recommend issues identified including expectations for the nature and timing of action plans and provide them to management in writing. - Present issues to business unit management at planning and exit meetings. - Review and evaluate the quality of the documented processes and procedures that management has put in place to manage the risks that are most consequential to the company's financial performance and reputation. - Perform audit steps assigned as part of SOX 404 testing effort and as participants in other risk-rated audit projects. While performing internal control testing, use experience to make judgments as to effectiveness of controls in both design and operation. Recognize unmitigated risks or controls that are deficient and make decision as to risk rating assignment for the identified issues. - Present issues and recommendations along with possible solutions to business unit management, along with expectations for the nature and timing of corrective action. - Incorporate data analysis tools into the audit process when possible. Create ways to utilize technology to improve the efficiency and effectiveness of assignments. - Oversee projects team workflow and effectively communicate decisions, priorities and relevant information to team members. - Provide guidance to employees on departmental projects/issues, coach and develop training plans, lead development conversations and answer day-to-day questions for team members. - Perform special projects as assigned. Participate on significant business unit projects and periodically report status of projects to audit management. Monitor risk throughout the bank and complete Risk Assessment Questionnaires (RAQ's) as part of annual audit planning. - Perform duties assigned in a manner to maintain chargeability, allow for timeliness of audit reporting, meet time budget goals, and other department performance metrics set by management.
Work Schedule - Full Time, 40 hours per week. - Monday - Friday, 8:00am-5:00pm.
Knowledge, Skills, & Abilities - Strong knowledge of the audit industry, consumer compliance regulations and ability to comprehend and interpret written regulations. - Ability to develop and coach team members with proven ability to achieve results through collaboration and teamwork. - Self-starter with strong decision-making skills. - Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities - Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills. - Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values. - Intermediate level proficiency with Microsoft Word, Excel and Outlook.
Education/Experience - Required: - Bachelor's Degree, preferably in Accounting, Business Administration, or Law, or equivalent combination of education and experience. - 4+ years of industry audit experience and/or public accounting. Other banking knowledge will be also be considered. Preference of financial institution experience. - Preferred: - Master's Degree or equivalent combination of education and experience. - Certified Public Accountant (CPA), Certified Internal Auditor (CIA) or Certified Regulatory Compliance Manager (CRCM) preferred. Time Type: Full time