AVP, Internal Audit Supervisor

GENERAL SUMMARY

Under the supervision of the SVP, Chief Internal Auditor and the VP, Internal Audit Manager, the AVP, Internal Audit Supervisor conducts operational, compliance, and financial audits, of central operations departments, administrative departments, lending units and other business activities of Cathay General Bancorp and its subsidiaries.  The audits may cover any functional or organizational activity, with emphasis on complex and higher risk areas.  As an AVP, Internal Audit Supervisor, when assigned as Lead Auditor-in-Charge, plans, conducts, coordinates, and directs the activities of assisting auditors.  The AVP, Internal Audit Supervisor performs all duties in accordance with the International Standards for the Professional Practices of Internal Auditing.

ESSENTIAL FUNCTIONS

• Prepares high level flowcharts or control narratives, risk assessment and audit program of the audit area/function/department to determine the nature of the operations and the existence of sufficient internal controls used to achieve established objectives and minimize the risk exposure to the Bank.
• Reviews, verifies and analyzes transactions, documents, records, and reports for accuracy, completeness and appropriateness.
• Evaluates the adequacy and effectiveness of internal control methods, policies, and procedures. 
• Determines that duties are performed in accordance with company policies, operating procedures, other management instructions, and regulatory requirements.
• Determines that transactions are recorded promptly and accurately.
• Determines that assets are safeguarded adequately.
• Conducts interviews with appropriate Company personnel to supplement assigned audit test.
• Prepares professional work papers including supporting documentation for each audit issue identified.
• When acting as Lead Auditor-in-Charge, performs the following additional duties:
  
  • Plans the audit including development of the risk assessment, high level process flows,   internal control documentation, and the audit program.
  • Assigns segments of the program to assisting auditors.
  • Provides guidance to assisting auditors to ensure they conduct themselves in a professional manner.
  • Oversees staff assignments to ensure completion within established time budgets.
  • Immediately informs the Chief Internal Audit and/or Audit Manager of any conditions that may adversely impact the audit or the Company’s safety and soundness.
  • Reviews work papers prepared by assisting auditors for accuracy and completeness.
  • Prepares Exit Grid with findings and recommendations for the review and approval of the Audit Manager and Chief Internal Auditor.
  • Presents audit findings to management in Exit meeting.
  • Prepares draft audit reports for the review and approval of the Audit Manager and Chief Internal Auditor.
  • Performs follow up to determine the existence and adequacy of corrective actions taken by management in response to audit recommendations.  
• Develops good working relationships with auditees and collaborates with auditees during the audit process.
• During the professional performance of their duties, the Senior Auditor is expected to:
  
  • Recommend revisions to audit programs resulting from changes in operating activities.
  • Recommend the scope of audit testing and the resources needed, including the use of computer assisted auditing techniques (CAAT)
• Performs fraud investigations as assigned.
• Provides on-the-job training to Senior Auditors.  
• Performs special projects as assigned by the Chief Internal Auditor and/or Audit Manager.
• Maintains and enhances technical and professional competence through continuing education.

QUALIFICATIONS

• Education:    BA/BS in accounting, business, finance or related field.
• Experience:    At least 5+ years audit experience, including at least 3 years in financial services, preferred but not required.
• Skills/Ability:    Strong verbal, written, and analytical skills with demonstrated ability to deal effectively with all levels of management.  Strong understanding of internal control theory and audit techniques, and a good working knowledge of computer assisted audit techniques. Effective project management skills. Must be a team player.  Work independently and in a team environment.  Ability to make certain decisions in absence of management guidance.  High level of integrity and discretion in handling confidential information. Ability to travel, including occasional overnight and overseas assignments.
• Certifications:    Hold or be actively pursuing certification, such as CIA, CPA, CFSA, and/or CISA.

OTHER DETAILS

$110K – $135K / year 
Pay determined based on job-related knowledge, skills, experience, and location.