Internal Audit Officer

PRIMARY PURPOSE OF JOB

The Internal Audit Officer position is accountable for supporting the execution of the annual audit plan. Oversees and manages the daily operations of the Internal Audit Department. Manages and ensures adherence to the Sarbanes Oxley Act. Audits a variety of technical and operating records and procedures requiring the application of professional auditing principles and standard operating procedures for the various business units.

EXPECTATIONS OF ALL SOUTHERN BANK TEAM MEMBERS

• Southern Bank team members are a family, rooted in the communities we serve and working together to be the best in our industry, utilizing innovative ideas and strong products. The Southern Bank Patch illustrates these ideals.
• Ensures the confidentiality of customer non-public personal information and secures information systems to comply with bank regulations.

ESSENTIAL FUNCTIONS AND PERFORMANCE AREAS

• Supervise the audit team in the completion of audit engagements, ensuring the highest quality work within the budgeted hours and delivered in a timely manner;
• Provide an independent and objective assurance and advisory service to senior management and the Audit Committee;
• Oversee the preparation and development of the Audit Plan with on-going amendments to address emerging risks;
• Assess the control environment and devise techniques to analyze and evaluate audit evidence and results to measure compliance with the established control framework;
• Produce high quality working papers and reports to document the tests performed, findings, conclusions and recommendations;
• Follow up to ensure corrective actions are achieved within agreed timetables;
• Provide meaningful assessments of financial, risk and regulatory reporting control environment;
• Contribute to the strategic management of financial services;
• Ensure that all allegations of financial irregularity, fraud and corruption are promptly and fully investigated; and,
• Prepare reports for and advises committees and relevant groups;
• Maintain a working knowledge of relevant legislation, statutory instruments, codes of practice, departmental policies and ensures these are adhered to;
• Provide adequate training and oversight to the internal audit department to ensure that individual and audit objectives are met; and,
• Oversee internal auditors in adherence to Sarbanes Oxley Act