AUDIT MANAGER at Sterling Bank & Trust in Southfield, Michigan

Job Description:

Job Category: MIDDLE MANAGERS
Requisition Number: AUDIT001090
Posted: Apr 22, 2024
Full Time
MICHIGAN MAIN OFFICE
SOUTHFIELD, MI 48076, USA

Job Details

Description

About Sterling Bank & Trust, FSB: Sterling Bank & Trust provides a comprehensive choice of banking solutions, innovative loan products, and outstanding personal service to individuals, professionals, businesses, and commercial customers as a trusted neighborhood bank. We're known for highly competitive deposit rates, expertise in mortgage lending, and keeping deposits at work in the local community. Our customers know that they can stop by any branch and be treated like family. Since the Bank was founded in 1984, our customers have trusted us to help them handle their banking and financial needs. With over $2 billion in assets, Sterling Bank & Trust continues to grow to better serve our customers in communities across the U.S

Position Summary: The Audit Manager is responsible for assisting the Chief Auditor in managing the day-to-day operations and workload of the Internal Audit team. The overall objective of this role is to assist in developing and executing a bank Audit Plan and directing complex audit activities. The Manager is responsible for reviewing audit work performed by audit staff and providing coaching and mentorship. Some audit planning and fieldwork will be required at times. This role requires a knowledge of and familiarity with the regulatory environment of a large complex financial institution, as well as a working knowledge of Sarbanes-Oxley (SOX) requirements.

Essential Duties and Functions (include but are not limited to):

• Assist in the development and execution of a bank-wide Audit Plan, for assigned entities in accordance with Internal audit standards, relevant government statutes and regulations, and Bank policies.
• Direct complex audit activities assigned by the Chief Auditor per the Audit Plan.
• Deliver on time high quality audit reports, perform Internal Audit and regulatory issue validation as needed, and serves as lead reviewer for a variety of areas.
• Proactively advance integrated auditing concepts and use of technology. Closely follow the latest trends in banking and adapt them for application within own job and the business.
• Manages a team of Internal Audit professionals. Develops talent, builds effective teams, and manages the workload of the department.
• Possess a broad and comprehensive understanding of different Internal audit standards and principles, laws and regulations; apply a broad and comprehensive knowledge of high-risk areas including: consumer banking, regulatory compliance, technology management, and project/program management.
• Lead the professional development of Internal Audit staff and serve as a mentor.
• Develop effective senior line management relationships and have a strong understanding of the businesses.
• Apply an in-depth understanding of the inter-relationships of business and support units throughout the corporation and how they impact the overall control environment and the audit approach.
• Use excellent communication skills in order to influence a wide range of internal audiences including respective product, function, or regional executive management partners. May negotiate internally often at higher levels on matters which will have a major impact on the area managed.
• Demonstrates strong judgment, political astuteness, and sensitivity to cultural diversity.
• Possess strong project management and interpersonal skills, make sound decisions, and exhibit initiative and intuitive thinking.
• Participate in major business initiatives and pro-actively advise and assist the business on change initiatives.
• Frequently involved in matters that require complex judgments and solutions based on sophisticated analytical thought such as identifying solutions for a variety of complex audit control issues.
• Analyze reporting findings; recommend appropriate interventions where needed.
• Propose creative and pragmatic solutions for risk and control problems.

• Complete all required product, service, and compliance training as it relates to the position and employment with Sterling and adheres to BSA/AML and OFAC Policy and procedures.
• Perform all the above duties consistent with professional ethical standards, including reporting any observed ethical violations to the appropriate management, management and/or Board level committees, and/or the Bank’s ethics hotline.

Core Competencies:

• Integrity
• Sets high standards of honesty for self and others; transparent intentions
• Self imposes standards of excellence to ensure no aspect of work is neglected
• Demonstrates trustworthiness and takes responsibility for one’s actions
• Keeps commitments that align with Sterling’s Code of Business Conduct and Ethics

• Inclusion
• Treats people with dignity and respect
• Objectively considers others’ ideas and opinions
• Creates a welcoming environment and promotes cultural competency
• Actively seeks opportunities to volunteer and partner with non-profit agencies

• Continuous Learning
• Completes all required training to ensure compliance
• Identifies and participates in learning activities that lead to professional growth
• Stays informed on industry trends and changes to achieve individual, team and organizational goals
• Actively seeks and utilizes feedback to improve and continue to grow professionally within the Bank
• Synergy
• Utilizes oral and written communication to enhance the relationships between teams, customers and the community members
• Collaborates together using teams’ expertise and knowledge to maximize results
• Actively seeks information to understand team members and customers’ circumstances, problems, expectations and needs
• Dedicated to creating opportunities allowing teams and individual reach full potential

Technical Competencies:

• Demonstrated knowledge of U.S. banking laws and regulations and accounting standards.

• In depth knowledge of Sarbanes-Oxley (SOX) requirements.
• Excellent interpersonal skills, including oral and written communications.
• Strong critical thinking and problem-solving skills required to effectively identify and evaluate risks and controls.
• Demonstrated ability to multi-task and prioritize multiple projects

Required Experience and Education:

• Bachelor’s degree in accounting or related business field from four-year College or university.
• Eight or more years of experience in either external or internal audit in a financial services/banking environment.
• Three or more years of prior supervisory experience.
• Candidate is required to possess one or more of the following credentials in good standing: CIA, CPA, or CISA.
• Demonstrated knowledge of U.S. banking laws and regulations and accounting standards.

• In depth knowledge of Sarbanes-Oxley (SOX) requirements.

Pay & Benefits

This position is eligible for full-time employee benefits. The base pay range for this role is between $124,000 - $145,000 per year and is remote. At Sterling Bank & Trust, FSB, the pay range only includes base compensation. Your base pay will depend on your skills, qualifications, experience, and location.

Sterling’s compensation and benefits packages are highly competitive. Full-time Sterling employees have access to a comprehensive health care plan, dental and vision coverage, flexible spending accounts, 401(k) plans with matching contributions, PTO, and more.

Physical Demands

While performing the duties of this job the employee may be required to use hands to finger, handle, or feel; and talk and hear. The employee frequently is required to walk and reach with hands and arms and stand for long periods of time. The employee is required to occasionally sit, stoop, kneel, or crouch. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and ability to adjust focus.

Work Environment

Generally, works in an office environment, may occasionally be required to perform job duties outside of the typical office setting. The employee will be exposed to moderate stress levels associated with the performance of the job duties described above. There may be extended periods of computer and telephone use while performing job duties. Employee will be intermittently seated, standing and/or walking during the course of a normal business day. While every precaution is taken to avoid exposing employees to dangers in the workplace, working in a financial institution may expose employees to certain hazards in the event of criminal activity including robbery and/or attempted robbery.

EOE Statement

Sterling Bank and Trust is proud to be an equal employment employer. We do not discriminate in hiring or any employment decision based on race, color, religion, national origin, age, sex, (including pregnancy, childbirth, or related medical conditions), marital status, ancestry, physical or mental disability, genetic information, veteran status, gender identity or expression, sexual orientation, or other applicable legally protected characteristic.

California Consumer Privacy Act (CCPA)

The employee will adhere to all Information Security and Privacy Policies along with applicable procedures to ensure that customer information (PII) is not altered and remains accurate and complete. Participation in required training to maintain knowledge of how to ensure all customer information (PII) remains protected is required.

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Licenses & Certifications

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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