JOB SUMMARY

The Director of Internal Audit will oversee the internal audit function, providing strategic leadership to ensure compliance with regulatory standards, effective risk management, and robust internal controls. This role will report functionally to the Audit Committee and administratively to the COO, collaborating with senior management to enhance organizational efficiency and risk management practices. The role also involves managing relationships and processes related to third-party vendor audits to ensure compliance and mitigate risk.

JOB SPECIFICATIONS

Education: Bachelor’s degree in Risk Management, Accounting, Finance, or a related field, or equivalent relevant experience.

Experience: 8+ years of audit experience in the financial services industry, including 5+ years in a leadership role.

ESSENTIAL FUNCTIONS

Strategic Leadership:

• Develop and maintain a risk-based Internal Audit Plan aligned with the bank’s risk profile and regulatory expectations.
• Provide regular updates to the Audit Committee and senior management on audit progress, findings, and recommendations.
• Serve as a thought leader in risk management and internal controls, advising the Audit Committee and management on emerging risks and industry best practices.
• Develop and implement FDICIA compliance for management attestation over internal controls as the bank approaches $1 billion in assets.

Audit Execution:

• Manage internal and external resources to execute the Audit Plan efficiently, ensuring compliance with the Institute of Internal Auditors (IIA) standards.
• Conduct and oversee audits to identify control gaps, evaluate effectiveness, and recommend practical solutions.
• Ensure thorough documentation and reporting of audit findings, including corrective action plans.
• Complete an annual RFP process for third-party audit vendors, including review of proposed audit programs and vendor performance references, and provide the audit committee recommendations on the annual audit plan.
• Coordinate and oversee audits of third-party vendors, ensuring alignment with the bank’s risk management framework and regulatory requirements.

Collaboration and Communication:

• Engage with business units to develop knowledge of operations and ensure risk assessments align with strategic objectives.
• Collaborate with management and external auditors to support regulatory exams and other reviews.
• Communicate significant risks, exposures, and control gaps to senior management and ensure timely remediation.
• Manage the agenda and meeting packets for the Board of Director’s Audit Committee meetings.

Technology and Innovation:

• Leverage audit technology platforms to enhance efficiency and effectiveness.
• Stay current with industry trends and integrate best practices into the audit function.
• Regulatory and Special Projects:
• Act as the primary liaison for regulatory exams related to the audit function.
• Participate in special projects, investigations, and ad-hoc assignments as required.
• Oversee the certification process and internal review.
• Additional Responsibilities:
• Ensure involvement in addressing control gaps when losses or errors occur, including reviewing large sundry losses at RMC and determining necessary process changes.
• This position currently does not have any direct reports but may gain direct reports as the bank prepares for FDICIA compliance. This role is hands-on and requires active involvement in day-to-day operations.

WORK CONTEXT:

• Ability to concentrate and focus on essential functions in appropriate priority order is required.
• Requires being punctual, dependable, detail oriented and responsible for work outcomes and results.
• Requires sitting for long periods and traveling to other departments and locations, as needed.
• Requires contact with others by telephone conversations, use of electronic mail, and face-to-face discussions.
• Requires completion of assigned on-line training courses with a passing percentage.
• Professional environment requiring appropriate professional demeanor and attire.
• Work is performed indoors in environmentally controlled conditions.

SKILLS

• Extensive knowledge of banking regulations and compliance issues
• Strong understanding of auditing standards, risk management, and internal controls.
• Knowledge of applicable laws and regulations for financial institutions.
• Proven ability to lead and develop teams.
• Exceptional organizational, analytical, and communication skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Ability to manage project timelines effectively.
• Proficiency in Word, Excel, and Outlook
• Effective verbal communication and ability to compose professional correspondence and documents.
• Ability to always maintain a confidential and professional demeanor.
• Competency in communication with co-workers with tact and diplomacy
• Ability to tolerate high levels of stress.
• Ability to interpret bank policies and procedures.
• Ability to organize and prioritize.
• Ability to lift to 30 pounds if necessary.
• Ability to work hours required to fulfill job expectations.

CORE BEHAVIORS for DELIVERING ON THE PROMISE:

• Be Genuine—Conduct yourself in a consistent, honest, and compassionate manner
• Work Ethic— Be willing to go the extra mile for the client, whether internal or external
• Influence—Be an active player in participating, building, and contributing to service
• Continuous Learning—Commit to gaining knowledge, skills, and experience on an ongoing basis to better serve the client, increase personal satisfaction, and improve the Bank
• Team Play—We win together. Individuality is encouraged to advance and enrich the work of the team
• Problem Solving—Being creative, problem-solving mentality to every situation. See alternative, take initiative, and assume responsibility for your actions
• Communication—Keep other informed and up to date. Actively listen and learn from each other.
• Have a Sense of Community—We passionately believe that we’re only as strong as the communities we serve, and your involvement is an important part of who we are.

Oregon Pacific Bank is an Equal Opportunity Employer and does not discriminate on the basis of race, color, sex, sexual orientation, gender identity, age, religion, national origin, physical or mental disability,
or veteran’s status.