Director - Audit & Assurance at Midland States Bank – Chicago, Illinois

Position Title: Director - Audit & Assurance

Locations: Chicago_IL

Time Type: Full time

Req ID: JR1274-Chicago_IL

At Midland, we’re proud to be a little different. You can see it in our bright orange signs-but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.

For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.

We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.

Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.

You might say we’re unlike any other bank.

And you’d be right."

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Salary Range: $125,000- $200,000

Position Summary

Independently examines and evaluates internal controls governing financial reporting and business processes, including review of the Company’s relevant risks, internal controls, efficiency, effectiveness, governance, performance and compliance. Provides assurance that the Company maintains effective internal controls at a reasonable cost across all business processes.

Primary Accountabilities

• Prepares MSB’s Internal Audit Plan based on identified financial and operational risks and relevant accounting requirements for each financial year and presents it to the Senior Risk Committee for review and Audit Committee of the Board of Directors for approval.
• Manages teams of auditors specializing in financial and operational audits, as well as administrative / support personnel.
• Sponsors the Company’s Internal Audit Policy.
• Complies with professional accounting and auditing standards in the conduct of all assurance activities.
• Provides to executive management and the Audit Committee an Internal Audit progress report detailing Control measures analyzed, Internal Audit methodology, findings, recommendations and a summary of management’s responses, actions and action dates.
• Serves as the Company’s primary liaison with federal and state regulators to ensure efficient and effective completion of onsite examinations and follow-up.
• At least quarterly, supplies a summary of Internal Audit observations, actions taken and action outstanding to the Senior Risk Committee and Audit Committee of the Board of Directors.
• Works with subject matter experts within Risk Management to ensure efficient and effective conduct of independent reviews of operational, credit and regulatory risks.
• Ensures an appropriately broad range of internal audit coverage in consideration of the Company’s strategies, business processes, risks and Controls.
• Determines the reliability and integrity of financial and operating information and the means used to identify, measure, classify and report such information.
• Reviews the systems established to ensure compliance with policies, plans, procedures, laws and regulations for which non-compliance could significantly impact the Company’s operations and / or financial performance.
• Reviews the means of safeguarding assets and, where appropriate, verifies the existence of such assets.
• Continually evaluates the efficiency and effectiveness with which assurance resources are employed, identifying opportunities to improve operating performance, and recommending solutions to problems where appropriate.
• Reviews operations or programs to ascertain whether (1) results are consistent with established objectives and goals, and (2) operations or programs are being carried out as planned.
• Coordinates audit & assurance work with External Auditors to ensure completeness of coverage, reduction of redundant effort and the effective use of audit resources.
• The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
• May require work in a Midland office to ensure collaboration and support of internal and external customers.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
• Other duties as assigned.

Position Qualifications

Education/Experience:

• Bachelor’s degree from an accredited college or university on related subject.
• Significant experience in banking risk and / or audit management.
• Minimum five years of demonstrated experience in auditing and / or examinations.
• CPA or similar certifications are preferred.

Competencies:

• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Being a brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self development
• Being flexible and adaptable

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com.

Midland States Bank may use automated tools and artificial intelligence (“AI”) to assist with recruiting, screening, and hiring decisions. In accordance with the Illinois Human Rights Act (effective January 1, 2026), these tools are designed and monitored to be neutral and job-related, and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT