Senior Auditor or Auditor at Flagstar Bancorp, Inc in Troy, MI

Job Summary

Sr. Auditor:

The Senior Auditor will be responsible for executing audit activities, as assigned. This person will ensure that internal controls are in compliance with policies, procedures, agency guidelines, and laws while supervising audits and internal audit staff. This position requires experience in the audit and/or risk management profession. In addition, strong written and oral communication is required in order to effectively undertake sophisticated audits which are material to FSB.

Responsible for supervising organizational audits; developing and maintaining positive relationships with auditees; coordinating with FSB Internal Audit leadership and staff; exercising professional auditor judgment; ensuring quality in compliance with regulatory and Institute of Internal Auditors professional guidance (the IPPF); maintains objectivity and independence in forming audit conclusions and reports.

Auditor:

The Auditor will be responsible for auditing operational, regulatory, IT and/or financial areas within the Bank under the direction of management. This person will utilize data analytics and other audit testing techniques to ensure that internal controls are in adequate and effective, in compliance with policies, procedures, regulatory and agency guidelines and laws. Experience in financial services industry is desired. In addition, data analysis capabilities as well as strong written and oral communication is required in order to effectively execute internal audit work. Responsible for planning and executing audits under the direction of management; demonstrate proficiency by the exercising of professional auditor judgment; maintaining objectivity and independence in forming audit conclusions and reports.

Job Responsibilities:

Sr Auditor:

• Document, review, perform testing, evaluate, and communicate on the organizations systems of internal controls to ensure adherence to policies and procedures, agency guidelines and applicable statutes, and regulatory requirements.
• Work with department management and designated employees on audit objectives and manage the audit planning process, including announcement memo, audit scope, and work paper assignments.
• Coordinate audit communications throughout the audit, including planning memos, opening meeting, status update meetings, and exit meetings. Perform wrap up activities, including work paper detailed (1st level) review, compiling audit reports and audit finding follow-up.
• Researches issues and makes recommendations to improve policies or procedures accordingly.
• Collaborate and leverage resources to maximize audit effectiveness & efficiency and enhance staff development.
• Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar’s internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies.

Auditor:

Audit Fieldwork

• Execute fieldwork, conduct data requests and analysis, document audit testing and work papers in compliance with IIA professional standards and the Flagstar IA methodology.
• Review results with Lead/Senior Auditor and management, and assist in communications on the systems of internal controls to ensure that internal controls are adequate and effective, comply with internal policies and procedures, agency guidelines and applicable statutes, regulations, and regulatory requirements.
• Research potential issues or concerns and make recommendations to improve processes and address risk accordingly.

Audit Planning & Reporting

• As needed, assist Lead/Senior Auditors, department managers and designated employees with:
• The audit planning process, including announcement memo, audit scope and planning, opening meeting, and work paper assignments under the direction of Lead/Senior Auditor and management.
• Assist in activities related to coordination of audit communications throughout the audit including status update meetings, and exit meetings.
• Perform wrap up activities, including clearing of review notes and assisting in draft of findings, observations and audit reports.

Data Analytics

• Work with Lead/Senior Auditor, management and IT / data analytics team members to plan to maximize opportunities for data analytics, automation and/or continuous monitoring.

Job Requirements:

Sr Auditor:

• Bachelor’s degree required; field of study preferred in Accounting, Finance, Business Administration or a related field.
• Professional Certification/License: CIA, CPA, CISA, CRCM or CFE Certifications Preferred
• Specialized Training: Commercial Loan Knowledge Preferred
• Minimum of 5 years of experience working in internal audit, bank operations, financial, risk, or similar type of function.
• Ability to supervise staff, when needed.
• Financial institution industry experience is highly preferred.
• Thorough knowledge of Bank/Corporate operating policies and procedures and Federal and State regulations.
• Previous experience working with a public accounting firm is preferred.
• Excellent interpersonal communication skills (written & verbal).
• Excellent quantitative and analytical skills.
• Strong organizational skills.
• Requires significant independent thinking – interprets and adapts from established practices
• Travel: 0 to 10%

Auditor:

• Bachelor’s Degree Required (Accounting, Finance, Technology, or Related Field)
• Minimum of 3 years of experience working in internal audit, operations, financial, risk, or similar type of function.
• Financial services or other highly regulated industry experience is preferred.
• Experience with regulatory compliance guidelines preferred.
• Strong knowledge of bank/corporate operating policies and procedures and Federal and State regulations.
• Excellent interpersonal communication skills (written & verbal).
• Strong quantitative and analytical skills (e.g. Excel, ACL, other data analysis tools)
• Strong organizational skills.
• Strong critical thinking skills.
• Experience with regulatory compliance guidelines.
• Ability to work well with various levels of management
• CIA, CPA, CISA, CRCM or CFE Certifications Preferred
• 0-10% Travel Required