Hybrid Audit Director

at Farmers & Merchants Bank of Long Beach

• Job title: Audit Director
• Job type: Full Time
• Experience level: Lead
• Salary: $159,068 - $295,412 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Cognos
• Location requirements: Hybrid, Seal Beach, United States

About the role

• Audit Director overseeing internal audit function at Farmers and Merchants Bank. Ensuring compliance with regulatory standards and aligning audit practices with bank expectations.

Responsibilities

• Develops, maintains, and executes a risk-based internal audit plan covering Corporate, financial, operational, compliance, and IT risks.
• Directs and oversees audits designed to evaluate internal controls, risk management practices, and compliance with applicable laws and regulations.
• Works with executive and business management to identify key risk areas, emerging risks, audit priorities, and operational efficiencies.
• Plans and oversees audits of business units and functional areas to assess the adequacy and effectiveness of controls.
• Reviews, approves, and communicates audit results, including observations, root causes, and risk-rated findings.
• Presents audit results, themes, and trends to senior management and the Audit Committee.
• Develops and oversees recommendations and management action plans designed to mitigate risk and protect Bank assets.
• Ensures timely tracking, validation, and reporting of audit issue remediation are well managed.
• Coordinates audit activities with external auditors and regulatory examiners to promote coverage efficiency and reduce duplication of effort.
• Ensures the Internal Audit function complies with the Internal Audit Charter, Global Internal Audit Standards, and regulatory guidance.
• Provides strategic leadership, direction, and goal setting for the Internal Audit department aligned with Bank strategies and objectives.
• Establishes and maintains Internal Audit policies, procedures, and methodology with long-term impact on the effectiveness of the control environment.
• Leads, develops, and evaluates audit management and staff, including hiring, performance management, and personnel actions.
• Provides supervision and development of audit staff, oversight to maintain audit quality and consistency, and management of external audit partnerships and co-coursing arrangements.
• Supports the Chief Audit Executive with Audit Committee reporting, regulatory interactions, and special projects as assigned.

Requirements

• BS or BA Degree required, preferred majors in Accounting, Business Administration, Finance, Information Systems or Economics or equivalent work experience required
• Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Security Auditor (CISA) or other related certification required
• Ten (12) or more years of financial service industry experience required in: internal audit, public accounting, risk management, regulatory agency or related experience
• Thorough knowledge of Global Internal Audit Standards, COSO and bank regulatory standards
• Supervisory experience required
• Large/Regional banking experience required
• Previous “large firm” public accounting experience a plus
• Experience with audit software is preferred
• Experience in data analytics preferred
• Work experience with IT Audit knowledge preferred
• Working knowledge of AuditBoard, Jack Henry (Silverlake/Xperience), Verafin, Quantivate, COGNOS a plus

Benefits

• Hybrid work schedule available
• Requires sitting for prolonged periods of time
• Requires lifting up to 10 pounds