SVP, Chief Auditor at Merchants Bank of Indiana – Carmel, Indiana

Merchants Bank is seeking a dynamic and strategic leader to serve as our SVP, Chief Auditor. This executive role is pivotal in safeguarding the integrity of our operations and driving a culture of accountability across the organization. Your responsibilities will include leading the annual risk assessment of the audit universe, drafting and executing the internal audit plan, and performing and reviewing financial and operational audits. You will facilitate Sarbanes-Oxley 404 testing, prepare and present budgets, reports, and memos to Senior Management and the Audit Committee, and coordinate seamlessly with external auditors. Additionally, you will drive the development and training of the internal audit department, fostering a culture of excellence and accountability across the organization.

The Chief Auditor should be able to confidently and independently do the following...

• Perform and/or review financial and operational audits in accordance with the internal audit program.
• Complete and/or review the planning of audit engagements.
• Supervise Audit Staff.
• Oversee new staff training.
• Drafting required reports.
• Draft and submit the Internal Audit Budget for approval.
• Complete the annual Internal Audit Risk Assessment. Draft and submit for approval the Internal Audit Plan.
• Coordinate response to external requests for internal audit information.
• Attend Audit Committee meetings and coordinate information for the Audit Committee Packet.
• Assist the Audit Committee, as needed.
• Review Bancorp’s practices and records for compliance with established internal policies and procedures.
• Develop recommendations for improving internal controls, operating efficiency, and the adequacy of records and recordkeeping.
• Report audit findings and recommendations to the appropriate management and the Audit Committee based on the results of regularly scheduled audits, non-scheduled audits, and at any time when issues need to be addressed by management.
• Supervise follow-up reviews of financial or operational findings noted during audits.
• Conduct or supervise investigations of irregularities discovered by or brought to the auditor’s attention.
• Perform other duties as required, consistent with the goals, objectives, and responsibilities of the Internal Audit Department.
• Engage in continuous knowledge development regarding industry rules, regulations, best practices, tools, techniques, and performance standards. A minimum of 40 hours should be obtained annually.

What we are looking for...

• Bachelor’s degree required. Major in Accounting or Finance with a minimum of 10 years’ experience in related auditing position preferred.
• CIA (Certified Internal Auditor) designation preferred.
• Experience in banking or a financial services industry background is required.
• Advanced computer skills in MS Office.
• High attention to detail and excellent analytical skills required.
• Excellent verbal and written communication skills needed as well as maintaining confidentiality required.
• Must be able to travel to branches and/or corporate office as needed.
• CPA or other designation required.

About Merchants

Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016–2022). For more information read the entire article here.

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