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Head of Internal Audit

Company: Amerantbank
Location: Miami
Posted on: May 26, 2023

Job Description:

This function will coordinate with an Outsourced Audit Firm the overall process to conduct Internal Audit functions. Design and coordinate the implementation of the Audit Plan and Risk Assessments. Present to Board Audit Committee the status of the Audit Plan and estimated completion dates.Responsibilities:Act as a liaison between the Amerant Bancop and its subsidiaries with the Outsourced Audit Firm. Coordinate the internal audits to be performed between the Outsourced Audit Firm and each of the subsidiaries of Amerant Bancorp.Trusted advisor to the management and the Board Audit Committee in items related to exposure to losses, reputation damage, regulatory sanctions and fines, litigation, criminal charges, or loss of charter by ensuring that management, employees, and the Board of Directors are in compliance with the rules and regulations of supervisory authorities, that company policies and procedures are being followed, and that behavior in the organization meets its Code of Ethics.Responsible for the coordination of the risk assessment process with Outsourced Audit Company and Internal Controls Department to identify and assess levels of risk on different activities.Development of the Annual Audit Plan to be presented to the Board Audit Committee for annual approval.Monitor expenses related with the execution of the audit plan performed by the Outsourced Audit Firm. Evaluate if work is being performed accordingly with projected hours and costs.Certify to the CEO and CFO any significant item that arise during each reporting period before a critical SEC filing occurs.Identify, evaluate, and report to Management and the Board Audit Committee any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules, regulations, prescribed practices, internal policies and procedures or ethical standards.Prepares the Summary of Aggregated Deficiencies (SAD) to document and support Management's assessment over Internal Control Deficiencies and remediation plans.Communicate and report to external auditors' status of testing being performed over the Internal Control (SOX) over the financial reporting function.Coordinate with the Outsourced Audit Firm and the Internal Controls Department the determination of audit objectives and procedures to review and assess the adequacy and application of internal controls and the adherence to established policies and procedures.Maintain close communication with management and promptly inform about status of the audit process. Report to the Chairman of the Audit Committee any delay or special situation arising from the developing of the Audit Plan.Monitor the performance of audit procedures, including identifying and defining findings and recommendations, developing criteria, reviewing, and analyzing relevant information, evaluating evidence, documenting business processes and procedures, and completing audit documentation.Permanent guest of the Board Audit Committee, Internal Controls Committee, and Code of Conduct Committee.Coordinate and validate the effectiveness of the entity level controls and coordinate required walk-throughs and the necessary testing and validation of the controls that contribute to mitigate the risk of significant misstatements on the financial records of the Bank for the annual certifications of FDCIA and the Section 404 of the Sarbanes-Oxley Act.Prepare supplemental information to be included into the FDICIA letters to document findings and conclusions over the effectiveness of the company's internal controls over the financial reporting function.Reviews Management's Action Plans and tests for satisfactory remediation of any outstanding deficiencies and ensures that said action plans properly address the findings and recommendations in the respective audit reports. Progress on outstanding action plans must be reported to the Board Audit Committee.Participate on the kickoff and exit meetings for each of the internal audits being performed. Proactively communicate any material findings identified during the audit to the incumbent auditee.Verify the completion of the audit work and the final report of audit, including the audit conclusion, audit findings and recommendations and the audit rating. Approve and submit the reports of audit to management and the Board Audit Committee as necessary.Ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA PATRIOT Act, OFAC and other AML related issues.Minimum Education and/or Certifications Requirements:CPA or bachelor's degree in accounting. Possibly MBA in Business or Finance.Minimum Work Experience Requirements:At least 5 years of senior auditing experience in national or international Accounting Audit Firm.Technical and/or Other Essential Knowledge:Experience with MS Outlook, Internet, and MS Office Skills, including MS Word Advanced, MS Excel Advanced, MS PowerPoint Advanced, MS Project Advanced and MS Visio Advanced required. Strong organizational skills, preferably with ability to communicate in professional range of English and Spanish. Extensive knowledge of audit processes and banking products. Internal Auditor Certification

Keywords: Amerantbank, Miami , Head of Internal Audit, Accounting, Auditing , Miami, Florida

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