Risk Audit Manager

Bank of the Ozarks, Inc.   •  

Little Rock, AR

5 - 7 years

Posted 267 days ago

This job is no longer available.

Job ID #: 4657

Job Purpose and Scope:

The Risk Audit Manager will be responsible for identifying, assessing, and determining the appropriate audit response to existing and emerging risks in Enterprise Risk Management. This position will execute internal audits and lead teammates in their execution of audit tasks as well as overseeing process documentation, risk identification, internal control identification, internal control evaluation and assurance through audit reporting. The Risk Audit Manager will build relationships with executive management for effective ongoing risk assessment and audit execution and participate in other projects/initiatives as assigned.


Essential Functions and Responsibilities:

  1. Assists in designing and developing the methodology for conducting an enterprise wide risk assessment for the purpose of developing an annual internal audit plan, and developing a risk focused approach for scope and depth of testing for, and delivery of: internal audits, project reviews, and/or continuous monitoring reports of the Bank's risk programs.

  2. Manages audit related activities by providing direct oversight of the work performed by several professionals potentially including outside service providers in assigned audits.

  3. Evaluates the Risk Management processes to ensure alignment with the regulatory requirements of a financial institution with $10 billion in assets and greater.

  4. Reviews and assesses existing risk activities across multiple business units to ensure conformity with relevant regulatory requirements.

  5. Analyzes and assesses the design, implementation, and operating effectiveness of the Bank's risk program elements and processes.

  6. Evaluates the design and operating effectiveness of compliance risk and control processes including those relating to credit, operational, market, liquidity, financial, reputational, legal and strategic.

  7. Drives the risk audit program to achieve a 'strong' internal audit function and to meet the regulatory standards of the State, FDIC and Federal Reserve Bank;

  8. Works with the key risk stakeholders to identify emerging issues, distill thematic or systemic control issues affecting the Bank operations, and update the audit strategy and program appropriately and timely.

  9. Ensures the sufficient documentation of analytical procedures is established to support audit standards and bank regulatory expectations.

  10. Establishes and nurtures relationships with senior internal stakeholders of the risk organization and business leaders impacted by risk management activities.

  11. Partners with data analysts to design and apply re-usable tools to automate full-population testing, sampling, re-performing processes, and exception testing.

  12. Serves as the department subject matter expert on risk management activities and audit procedures to test these risks.

  13. Assists the Director of Risk Audit on regulatory management and external auditor needs.

  14. Performs due diligence reviews in conjunction with the Bank's risk function to assist business units with the identification and sizing of risks management practices associated with new products & services as well as mergers or acquisitions.

  15. Performs transaction testing to determine the Bank's adherence with applicable safety and soundness laws, regulations, and supervisory guidance.

  16. Follows policies and procedures; completes tasks correctly and on time; supports the company's goals and values.

  17. Performs other duties and projects as assigned.


    Knowledge, Skills, and Abilities:

  1. Knowledge of, adherence to, monitoring and responsibility for risk management activities within a regulated financial institution.

  2. Knowledge and understanding of regulatory environment and applicable banking regulations impacting the financial services industry.

  3. Proficient In computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook

  4. Exceptional oral, written and interpersonal communication skills, and the ability to present complex and sensitive issues to senior management

  5. Excellent audit program, documentation and report writing skills

  6. Excellent analytical, audit, and investigative skills

  7. Excellent project management skills

  8. Ability to make decisions that have significant impact on the immediate work unit and cross functional departments

  9. Ability to identify and communicate solutions to complex, time-critical, or recurring business issues

  10. Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed

  11. Ability to build rapport with internal stakeholders and examiners

  12. Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations

  13. Ability to multi-task in a fast-paced environment and adapt quickly to change

  14. Ability to establish and meet goals, track and drive optimization opportunities, and present progress



Position Requirements 

Basic Qualifications:

  1. Bachelor's Degree in accounting, finance, business administration, economics, or related field.

  2. Six plus (6+) years of work experience in a control, risk, or audit role at a mid-size to large banking organization, or regulatory experience in enterprise risk management.

  3. Six plus (6+) years of management work experience directing professionals engaged in related internal audit activities.

  4. Current CPA, CIA, CFE, RIMS, CRC, CRP, PRM, FRM designation preferred.

Bank of the Ozarks is an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC