Senior Internal Auditor

Please Note:

This is a Utah-based hybrid position, which will require some regular in-office days each week. Additionally, employment with Medallion Bank is contingent on passing both a background check and maintaining a clean background.

At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact.

We recognize our employees as our greatest asset and have a culture to prove it!

Responsible for applying risk management and audit principles to help identify, measure, and document the bank’s response to current and emerging risks, and executing the annual audit plan in accordance with the Institute of Internal Auditors (IIA) Global Internal Audit Standards. This includes analyzing loan contracts and related documentation, financial statements, lien documentation, accounting transactions, and regulatory compliance materials. It also includes reviewing information security measures, cybersecurity controls, and other information technology (IT) systems.

The position requires the ability to work independently and interact with senior management, and reviewing second line functions and leveraging their expertise when analyzing audit findings, developing recommendations, and communicating those results to management.

• Conduct audits of all operational areas within the bank including consumer lending,accounting, model risk, compliance, and third-party lending strategic partnerships.
• Evaluate the effectiveness of governance, risk management, and internal control processes.
• Identify control deficiencies, process improvement opportunities, and emerging risks.
• Conduct audits of the bank’s IT infrastructure, applications, security protocols, information security systems, general controls, and processes to ensure compliance with bank policies and procedures, industry standards, and regulatory requirements.
• Assist with the bank’s continuous Sarbanes-Oxley monitoring through regular sampling and testing of bank transactions, including a review of the bank’s internal controls over financial reporting (ICFR).
• Conduct independent reviews of consumer credit underwriting activities, particularly of thebank’s strategic partnerships, to assess adherence to lending policies, regulatory requirements, and prudent banking practices.
• Prepare engagement letters, request lists, risk assessments, and other documentation as part of the annual audit schedule.
• Gather, review, and organize request items and supporting documents for both internal and external parties.
• Collaborate with internal bank departments and external auditors to ensure audit findings are resolved in a timely manner and management’s commitments are met.
• Prepare audit reports and summarize findings in audit work programs and present findings to senior management, the Chief Audit Executive, and the bank’s Audit Committee.
• Performs other duties as assigned.

• Ability to manage deadlines and multiple tasks in various stages of completion.
• General understanding of information security systems and related controls.
• Understanding of lending documents such as promissory notes, security agreements,guaranties, forbearance agreements, UCC filings, etc.
• Understanding of financial statements such as balance sheets, income statements, profit andloss statements, budgets, etc.
• Experience working autonomously and…