Head of Audit

Head of Audit

Miami, FL, US

8 days ago Requisition ID : 1201

ABOUT BCI

BCI provides financial services to individuals and corporations. We focus on being a global leader in innovations and personalized client experience and, with more than 10,500 employees, BCI is recognized as one of the best companies in which to work and develop a career. It is the third largest privately owned bank in Chile and it has more than 300 branch offices throughout Chile and representative offices in other countries.

Equal Opportunity Employer

BCI is an Equal Opportunity Employer - All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, age, disability, veteran status, or any other factor determined to be unlawful under applicable law.

JOB SUMMARY

The Head of Audit is responsible for directing and administering the internal audit function by developing an annual Audit Plan which meets internal auditing and regulatory standards and fulfills objectives established by the Audit Committee. Directs independent internal audits of all Bank, affiliates, subsidiaries and holding company activities to evaluate the adequacy and effectiveness of the system of internal control and operating procedures. Appraises the fairness and reliability of financial records and information for internal management purposes. Determines compliance with laws, regulations and operating procedures. Monitors overall risk management practices established by management and evaluates the adequacy of procedures for safeguarding assets and prevention and detection of loss. Promotes the quality and efficiency of ongoing operations.

Has a sense of urgency and works as a team in providing “Best in Class Client Experience”. This position requires the exercise of discretion and independent judgment, within the scope of the individual’s authority, with respect to matters of significance to the Bank.

DUTIES OF THE POSITION

The duties of the position include, but are not limited to, the following :

• Works closely in the recruitment and selection process, such as conducting and providing feedback from interviews, recruiting within the budget, identifying opportunities for cost savings and ensuring proper departmental specifics for on-boarding.
• Provides timely feedback to employees (check-ins, reports, annual evaluations, coaching, and disciplinary action).
• Development of high potential employees, identifying, providing growth opportunities with training, meeting inclusion, shadowing, etc., in conjunction with the Center for Professional and Organizational Development.
• Ensuring assignment and accomplishment of goals holding employees accountable, measuring results cross training, and eliciting innovation and process improvement.
• Maintaining employee motivation, engagement & recognition.
• Inspiring employee commitment and integrity, modeling cultural values and positive behaviors.
• Managing over-time control in a timely manner, within the requirements of FLSA standards.
• Ensuring regulatory excellence in all aspects of employee responsibilities by monitoring regulatory expectations specific to each report and holding employees accountable to their specific regulatory responsibilities.
• Oversees the internal audit function by establishing overall goals and objectives and setting work standards. Plans and schedules audits of the books, records and operations of the bank, branches, affiliates, subsidiaries and holding company to meet departmental objectives, regulatory requirements, professional standards and objectives of the Audit Committee. Ensures that the allocation of audit staff time provides appropriate audit coverage commensurate with risk exposure.
• Performs final review of audit work papers prepared by staff auditors to ensure they meet professional standards and support conclusions reached during the field work.
• Reviews and edits final internal audit reports to management to ensure that findings and recommendations developed during the audits in Corrective Action Plans are communicated appropriately to management and the Audit Committee. Evaluates management responses for adequate corrective action.
• Coordinates Audit Committee meetings including responsibility for establishing agenda for meetings to ensure that the Committee performs duties that are required by regulatory authorities. Communicates results of internal audit activities to the Audit Committee.
• Responsible for training, counseling, evaluating performance, making employment, promotion and salary recommendations and supporting and implementing personnel policies for the department.
• Consults with management as requested on issues of operating procedures, internal controls and risk management. Serves as a non-voting member of various Bank committees including Technology Steering Committee, Trust Administration Committee and Community Reinvestment Act Committee.
• Works with bank examiners in order to assist with examinations by ensuring that requested information, other than lending, is provided during various examinations.
• Coordinates management responses to the examination findings as necessary.
• Coordinates engagement and activities of the independent audit consultants to ensure appropriate coverage to meet regulatory requirements and provide reasonable audit coverage and presents results to the Audit Committee.
• Coordinates activities with independent external auditors and provides appropriate audit staff support in order to minimize external audit expenses.
• Completes other duties as required, including, but not limited to : interrelating with fellow employees and / or clients as needed to get the job done, managing the stress of the position (for example, deadline pressures), attending Bank training and / or meetings as required and meeting deadlines.
• Using good judgment and application of security awareness training when opening emails from unknown senders which can contain malicious software (Phishing, Spear Phishing, Social engineering, etc.); not clicking on a link and contacting the sender by phone or email and / or contacting Technical Services.
• Assists in identifying BSA / AML / OFAC compliance risk and helps ensure that proper controls, procedures, processes and training are adhered to.
• Regulatory Excellence : Every employee is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate bank department (e.g. BSA, HR, Legal, Fraud, etc.) Authority in a timely fashion.
• Maintains confidentiality and keeps a professional demeanor at all times.
• Maintains compliance with established thresholds for Regulatory Excellence key risk indicators.
• Attends training and remains current on rules and regulations required to successfully perform the role.

COMPLIANCE RESPONSIBILITIES

In the performance of their duties, all BCI - Miami Branch staff members are required to comply with all state and federal regulatory and legal requirements, including the Bank Secrecy Act, the Federal Election Campaign Act of 1979, the Foreign Corrupt Practices Act, and the Bank Bribery Amendments Act. Additionally, all staff members must comply with the BCI’s Personnel Manual and Code of Ethics and other policies of BCI which are either currently in place or which may become effective during the staff member’s employment.

PRE-HIRE REQUIREMENTS FOR THIS POSITION

COMPUTER

Ability to operate IBM compatible personal computers; fluency with Microsoft Word, Microsoft Excel, Microsoft PowerPoint and

EDUCATION

Bachelor's Degree in business, finance or related field required

EXPERIENCE

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