Internal Controls Testing Manager III

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Written by AI from the job title and company, not by Coastal Community Bank, so some details may not match this job. The employer's own page has the real description.

Overview

The Internal Controls Testing Manager III at Coastal Community Bank will be responsible for overseeing and executing the internal controls testing process to ensure compliance with applicable regulations and the effectiveness of the bank's internal controls framework. The successful candidate will lead a team of professionals in assessing control designs and operational effectiveness, while collaborating with various departments to facilitate the identification and resolution of control deficiencies. This role requires a deep understanding of risk management and a proactive approach to process improvement, ensuring that financial reporting and operational practices are adhered to throughout the organization.

Job Responsibilities

• Lead the planning, execution, and reporting of internal controls testing across various departments.
• Coordinate with management to develop and implement testing strategies and methodologies.
• Evaluate the design and operational effectiveness of internal controls related to financial reporting and operational processes.
• Identify, document, and communicate control deficiencies, recommending corrective actions and improvement plans.
• Develop and maintain testing documentation to ensure compliance with regulatory standards.
• Provide training and guidance to team members on internal controls testing and related methodologies.
• Collaborate with external auditors and regulators during reviews and audits.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Professional certification such as CPA, CIA, or CISA is preferred.
• Minimum of 7 years of experience in internal controls testing, compliance, or audit functions, preferably in the banking or financial services industry.
• Strong knowledge of regulatory compliance requirements related to internal controls and risk management.
• Proficient in risk assessment techniques and methodologies.
• Excellent analytical, problem-solving, and communication skills.
• Ability to manage multiple projects effectively and meet deadlines.

Technologies & Tools

The Internal Controls Testing Manager III will utilize various technologies and tools to enhance the testing and reporting processes. This includes specialized auditing software, data analytics tools, and enterprise risk management systems to evaluate compliance and effectiveness of internal controls.

Ideal Candidates

Ideal candidates for the Internal Controls Testing Manager III position will possess strong leadership qualities, demonstrating the ability to inspire and guide a team towards achieving strategic objectives. They should exhibit a proactive attitude towards identifying risks and implementing effective solutions. Exceptional interpersonal skills, combined with a detail-oriented mindset, will enable them to foster collaborative relationships across departments. A commitment to maintaining the highest ethical standards and integrity in all activities will be essential in ensuring compliance and operational excellence within the organization.