Staff auditor, Financial Compliance

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INTERNAL AUDIT Full Time Admin - Mid Level Taunton, MA, US

3 days ago Requisition

Salary Range: $32.00 To $37.00 Annually

Position: Staff Auditor
Job Type: Full Time
Location: Taunton, Massachusetts

The Staff Auditor performs internal audits and related activities under the direction of the Chief Audit Executive or Audit Manager. The position is responsible for evaluating the adequacy and effectiveness of internal controls, risk management, and governance processes; assessing compliance with Bank policies and procedures and applicable federal and state laws and regulations; and supporting the Bank’s safe, sound, and efficient operations.

This role performs work in accordance with the Bank’s internal audit methodology and applicable professional standards, including the IIA Global Internal Audit Standards
, with an emphasis on integrity, objectivity, confidentiality, competency, and due professional care.

• Perform operational, financial, compliance, and other risk-based internal audits to assess risk, evaluate the adequacy and effectiveness of internal controls, and support compliance with Bank objectives, policies, procedures, and applicable laws and regulations.
• Perform various audits as directed by the Audit Manager to assess control efficiency and effectiveness and the adequacy of governance, risk management, and internal control processes.
• Provide assistance to external auditors, banking examiners, and other independent reviewers, including gathering requested information and maintaining organized supporting documentation.
• Perform ongoing reviews and compile reports of activity, findings, conclusions, and recommendations.
• Conduct surprise branch audits, cash counts, and other operational reviews, and prepare reports summarizing control observations, exceptions, and recommendations.
• Assist with cash counts for teller shortages and perform follow-up work in connection with teller errors, including researching teller terminal source reports, transaction tickets, and processing activity.
• Ensure test work is documented in a clear, complete, and reproducible manner to facilitate reviewer understanding of source data, procedures performed, rationale, results, and conclusions.
• Document test work in accordance with department standards, records retention requirements, and internal audit quality expectations.
• Assess the accuracy of financial information and the adequacy of existing controls to support reliable and accurate financial reporting. This includes proving trial balances, testing for mathematical accuracy, reviewing for abnormalities, ensuring appropriate scope is met, and performing alternate test work under the direction of the Audit Manager.
• Evaluate the design and operating effectiveness of key controls and identify opportunities for process improvement or strengthening.
• Assess the effectiveness of management’s risk management efforts and develop recommendations to improve risk management, internal controls, operational efficiency, and regulatory compliance.
• Perform follow-up reviews to validate management’s corrective actions and support the tracking, and reporting of audit issues through remediation.
• Maintain and develop work papers, templates, and other audit documentation to improve efficiency, consistency, and quality within the department.
• Use available systems, reports, and data analysis tools to support audit testing, issue tracking, and reporting.
• Maintain awareness of changes in banking regulations, consumer compliance requirements, BSA/AML/OFAC obligations,…