Job Description

Description

The Director of Internal Audit Services (IAS) directs and oversees the Internal Audit Services function, reporting directly to the Chairperson of the Company's Audit and Examining Committee (AEC) and administratively to the Company's Chief Risk Officer. The Director of IAS is responsible for development of the annual risk-focused audit plan and its timely execution, including providing guidance to members of the IAS department on setting objectives, scope and testing methodologies, and coaching as needed to assist IAS team members in achieving their individual goals/objectives. The Director of IAS also serves as the liaison for outsourced and co-sourced audit engagements and other initiatives throughout Tompkins, including advisory services, and oversees Sarbanes-Oxley Section 404 testing activities.

Responsibilities:

Develop an annual Audit Risk Assessment and oversee the execution of the annual Internal Audit Plan pursuant to established policies and procedures and regulatory requirements.
Develop and update appropriate policies and procedures applicable to the Internal Audit Services department.
Submit Requests for Proposals for outsourced audits (such as Information Technology) or those under the purview of the AEC (such as our external auditors). Review results to ensure costs are aligned with competency, and manage the process to ensure the appropriate stakeholders are involved.
Manage Internal Audit Services vendor relationships. Review contracts, schedules and coordinate outsourced audits.
Oversee annual quality assurance assessments of the internal audit function, including annual self-assessments.
Review audit field work prepared and audit issues identified, and provide review/coaching feedback to IAS staff as appropriate.
Implement best practices and procedures to improve the efficiency and effectiveness of IAS such as CAATs (Computer Assisted Auditing Techniques).
Review all final audit programs to ensure scopes are adequate, revisions are appropriate and adhere to policy.
Ensure that senior management has completed all corrective action for findings within the agreed upon timeframes.
Direct presentations to the Audit/Examining Committee (AEC): Report results of internal audits on all Company affiliates at regularly scheduled Audit/Examining Committee meetings; Report mitigated risk assessments for all completed audits; Report senior management's corrective actions to Internal Audit findings; Report and discuss the annual budget proposed by CRM; Report on progress of Internal Audit related duties; Provide any additional material as requested by the AEC.
Coordinate work with State and Federal examiners during the Company's bank examinations.
Oversee Sarbanes-Oxley Section 404 (SOX) activity as follows: Review SOX changes with management for adequacy and effectiveness; Review SOX testing performed by outsourced subordinates; and Coordinate the annual SOX testing with our external auditors.
Perform an annual risk assessment to determine if changes are required to the annual audit plan that includes SOX 404 test work.
Monitor and analyze department budget to identify budget needs and/or reductions and allocates department budget funds.
All other duties as assigned.

Requirements

A Bachelor's Degree in Accounting, Business, Finance, or related field, or equivalent training/experience required.
Minimum of eight (8) years audit experience normally required with at least two years of direct management of an audit function. Bank auditing with emphasis in finance and investments highly preferred.
Advanced knowledge in applying professional auditing standards and practices (Institute of Internal Auditor's Internal Professional Practice Framework).
Advanced knowledge of internal control identification, evaluation and testing concepts under Sarbanes-Oxley and COSO.
Experience with preparing detailed technical reports.
Proficient interpersonal relations and communication skills (oral and written).
Ability to communicate effectively: build consensus, facilitate working sessions, and negotiate solutions and alternatives.
Experienced at applying advanced audit concepts and critical thinking skills to various departmental and Company initiatives.
Ability to appropriately plan and organize; administer and prioritize; monitor and evaluate the work flow of projects and activities.
Strong motivational and leadership skills.
Working knowledge of project management principles, concepts and practices.
CIA/CISA/CBA/CPA/CFSA certification preferred.

Equal Employment Opportunity/Affirmative Action Employer Tompkins Financial Corporation is committed to the hiring, advancement and fair treatment of all individuals without regard to race, color, creed, religion, age, sex, national origin, disability, veteran status, marital status, family status, gender identity or expression, sexual orientation, and genetic information, or any other protected status in accordance with applicable federal and state laws.

This job was posted on Fri Oct 09 2020 and expired on Mon Nov 02 2020.

Minimum $37K /yr

$123K /yr Average

Maximum $205K /yr

Tasks

Prepare detailed reports on audit findings.

Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.

Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.

Supervise auditing of establishments, and determine scope of investigation required.

Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.

Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.

Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.

Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.

Confer with company officials about financial and regulatory matters.

Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.

Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.

Examine inventory to verify journal and ledger entries.

Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.

Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.

Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.

Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.

Examine records, tax returns, and related documents pertaining to settlement of decedent's estate.

Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.

Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.

Conduct pre-implementation audits to determine if systems and programs under development will work as planned.

Skills

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Speaking - Talking to others to convey information effectively.

Mathematics - Using mathematics to solve problems.

Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.

Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.

Coordination - Adjusting actions in relation to others' actions.

Persuasion - Persuading others to change their minds or behavior.

Negotiation - Bringing others together and trying to reconcile differences.

Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.

Time Management - Managing one's own time and the time of others.

Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.

Knowledge

Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.