Director, Internal Audit-Professional Practices (HYBRID - Richmond, VA)
Director, Internal Audit-Professional Practices (HYBRID - Richmond, VA)
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Salary Not Disclosed
1 Vacancy
Job Description
Position Description
The Director of Internal Audit Professional Practices position is responsible for providing strategic direction and leadership and acts as the steward for tools & methodologies policies & standards communication & training quality assurance & improvement program and stakeholder reporting within Atlantic Union Banks Third Line of Defense organization including Corporate Assurance and Advisory Services (CAAS) and Credit Risk Review (CRR).
The Director of Internal Audit Professional Practices promotes risk awareness in the company through a positive and collaborative relationship with executives business leaders and staff. This leader drives continuous improvement initiatives in our audit and credit review methodologies process and tools/solutions and is transformational in establishing and maintaining guidance governing all audit activities to conform with internal and professional standards. This role reports directly to the Chief Audit Executive and is a leader in our organization.
Position Accountabilities
- Leads the overall design development and implementation of CAAS and CRR tools & methodologies policies & standards communication & training quality assurance & improvement program and stakeholder reporting
- Drives the design development implementation and continuous improvement in CAAS and CRR strategies and processes including methodology enhancements
- Develops and provides training to Teammates on internal audit policy process and methodology updates
- Leverages expert internal audit knowledge to assess the relevance of gaps in audit practices and potential exposures / impact to the business and bank overall
- Oversees critical department processes including but not limited to Annual Risk Assessment Issue Management and Third-Party Risk Management and Oversight
- Develops and maintains a strong rapport with senior executives and other key stakeholders to ensure discussions are trusted constructive and valued; works diligently to understand the companys strategies and risks
- Acts as the Regulatory Liaison: coordinates and communicates the departments activities with key regulators including preparation/delivery of material required for examinations
- Ensures that CAAS and CRR methodologies tools and practices comply with the Institute of Internal Audit standards and meet regulatory expectations
- Proactively keeps team informed of current and emerging trends developments and practices affecting the professions of internal auditing and credit risk review within the banking industry
- Owns board and other stakeholder reporting ensuring completeness consistency and accuracy
- Performs other duties as assigned or requested by the Chief Audit Executive
Organizational Relationship
This position reports to the Chief Audit Executive and regularly interacts with the Audit Committee of the Board of Directors.
Position Qualifications
Education & Experience
- Bachelors degree from an accredited college or university
- Minimum of 10 years of progressive audit or examiner experience with exposure to Professional Practices in the financial services industry
- Professional designation as a Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) required. May also possess a secondary designation as Certified Information Systems Auditor (CISA) or Certified Regulatory Compliance Manager (CRCM). IIA Quality Assessor Certificate desired.
Knowledge & Skills
- Superior oral and written communication; comfortable making presentations to board members executives groups of professionals and external stakeholders
- Advanced knowledge and experience with related authoritative guidance specifically the Institute of Internal Auditors (IIA) Standards SR 13-1 and SR 20-13
- A successful track record developing strong relationships across a broad range of leadership functions
- The ability to resolve and communicate key issues to all levels
- Strong project management skills with the ability to prioritize multiple demands
- Demonstrated ability to influence and effectively challenge
- Excellent critical thinking skills including the ability to define problems collect data establish facts and draw valid conclusions.
Salary offered will be based on several factors including but not limited to education work experience certifications etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace.
Required Experience:
Director
Employment Type
Full-Time
