The Compliance Senior Internal Audit Officer is primarily responsible for planning and executing audits of the Bank’s regulatory compliance areas, audits of the Bank’s operations, quality control reviews of at least 10% of mortgage banking to ensure compliance with investor’s requirements, and testing the effectiveness of internal controls over financial reporting in accordance to the Sarbanes-Oxley Act. The auditor will submit written reports of audit findings with meaningful recommendations to help management ensure internal controls are adequate and operating effectively and that the Bank is in compliance with banking regulations.
Audit experience with a Bachelor’s Degree in Accounting or related field is required while Stock Yards Bank will provide a professional environment to continually improve the candidate’s skills and to further his/her career goals for advancement to higher levels within the banking profession.
Daily responsibilities include, but are not limited to, the following:
Completes internal audits of regulatory compliance and operational areas of the Bank, including documenting findings and recommendations: Evaluates the adequacy and effectiveness of internal controls and compliance with policies and procedures.
Performs specific audit procedures and prepares workpapers supporting and concluding on audit procedures performed.
Submits formal written audit reports describing audit findings, the risk/effect, and meaningful practical recommendations or corrective action steps.
Reviews the design and tests the operating effectiveness of internal controls over financial reporting in accordance with the Sarbanes-Oxley Act.
Assists external auditors with the annual financial audit.
Assists with bank examinations as assigned Conducts special projects and other duties as assigned
Attend relevant training courses (minimum of 30 CPE hours)
The successful candidate will have the following qualifications:
BA/BS degree in accounting or a related business field or equivalent work experience with banking regulations.
5+ years of auditing experience
Proficient understanding and application of banking compliance regulations required
Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts.
Employees must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others.
Employees must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures.
Employees should also be flexible to changing working situations and able to meet deadlines as they arise.
Ability to work independently in a fast-paced, deadline-driven environment.
Ability to read and research FDIC or FFIEC regulations and manuals, develop compliance work programs using research tools, and perform testing to ensure compliance with banking regulations.
Ability to multi-task and prioritize work to meet deadlines and time budgets.
Ability to maintain discretion, independence, and objectivity. Ability to build trust and develop positive working relationships with all levels of management and staff.
Must have the ability to interview employees and ask questions to determine root causes of deficiencies to make meaningful recommendations.
Strong planning, project management and organizational skills.
Ability to take ownership of assigned audits and produce quality work and show initiative in learning new or revised regulations.
Strong analytical skills with the ability to summarize information, identify trends, reach conclusions, and make recommendations to reduce future deficiencies.
Proficiency in application of internal auditing theory, documentation standards, and banking procedures.
Knowledge of Sarbanes-Oxley Act section 404 At least moderate experience with MS Word and Excel.
Experience with banking regulatory compliance (including but not limited to): HMDA, RESPA, Truth in Lending, ECOA, Flood Disaster Protection Act, Fair Lending, FACTA/FCRA, Expedited Funds, Truth in Savings, and Reg E).
Experience using paperless audit work papers preferred.
Experience with IDEA Data Analysis software preferred.
CRCM strongly preferred. CPA, CIA, CFE or other accounting / auditing / compliance certifications preferred or a willingness to obtain a relevant certification within 12 months.
Stock Yards Bank is an equal opportunity employer M/F/Disability/Veteran
Additional Salary Information: Salary is negotiable. Candidate selected will need to live and work in one of our markets: Louisville, Indianapolis or Cincinnati
About Stock Yards Bank & Trust Co.
Stock Yards Bank & Trust Company is a wholly owned subsidiary of Stock Yards Bancorp, Inc. (NASDAQ; SYBT), with company assets totaling over $4 billion. Founded in 1904, Stock Yards Bank has evolved from a small bank serving the Louisville livestock industry to a nationally recognized bank known for exceptional service and financial performance. Our capabilities align well with those of national banks, but our focus has always been building a strong relationship with our customers while providing an engaging work environment for our employees. Stock Yards Bank & Trust employs over 650 people and has consistently received recognition for being one of the best places to work.
Since 1904, Stock Yards Bank & Trust has become one of the region's premier community banks - renowned for the close, personal attention that distinguishes us from other financial institutions in our market. Our bank actively seeks individuals to help us build trusted partnerships and further our success.