Senior Internal Auditor

Job Description

Job Description

Please Note: This is a Utah-based hybrid position, which will require some regular in-office days each week. Additionally, employment with Medallion Bank is contingent on passing both a background check and maintaining a clean background.

Who We Are: 

At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it! 

How You Will Support the Team:

Responsible for applying risk management and audit principles to help identify, measure, and document the bank’s response to current and emerging risks, and executing the annual audit plan in accordance with the Institute of Internal Auditors (IIA) Global Internal Audit Standards. This includes analyzing loan contracts and related documentation, financial statements, lien documentation, accounting transactions, and regulatory compliance materials. It also includes reviewing information security measures, cybersecurity controls, and other information technology (IT) systems. The position requires the ability to work independently and interact with senior management, and reviewing second line functions and leveraging their expertise when analyzing audit findings, developing recommendations, and communicating those results to management.

What We Are Looking For:

• Conduct audits of all operational areas within the bank including consumer lending, accounting, model risk, compliance, and third-party lending strategic partnerships.
• Evaluate the effectiveness of governance, risk management, and internal control processes.
• Identify control deficiencies, process improvement opportunities, and emerging risks.
• Conduct audits of the bank’s IT infrastructure, applications, security protocols, information security systems, general controls, and processes to ensure compliance with bank policies and procedures, industry standards, and regulatory requirements.
• Assist with the bank’s continuous Sarbanes-Oxley monitoring through regular sampling and testing of bank transactions, including a review of the bank’s internal controls over financial reporting (ICFR).
• Conduct independent reviews of consumer credit underwriting activities, particularly of the bank’s strategic partnerships, to assess adherence to lending policies, regulatory requirements, and prudent banking practices.
• Prepare engagement letters, request lists, risk assessments, and other documentation as part of the annual audit schedule.
• Gather, review, and organize request items and supporting documents for both internal and external parties.
• Collaborate with internal bank departments and external auditors to ensure audit findings are resolved in a timely manner and management’s commitments are met.
• Prepare audit reports and summarize findings in audit work programs and present findings to senior management, the Chief Audit Executive, and the bank’s Audit Committee.
• Performs other duties as assigned.

 

You would be a GREAT fit with these skills: 

• Ability to manage deadlines and multiple tasks in various stages of completion.
• General understanding of information security systems and related controls.
• Understanding of lending documents such as promissory notes, security agreements, guaranties, forbearance agreements, UCC filings, etc.
• Understanding of financial statements such as balance sheets, income statements, profit and loss statements, budgets, etc.
• Experience working autonomously and following instructions with limited supervision.
• Capability of dealing with sensitive or confidential data.
• Experience with data management in Excel, Smartsheet’s, and other data analytics systems

Credential, Education, and/or experience needed:

• Minimum of 6 years previous experience with lending, compliance, or audits in the financial industry required.
• Bachelor’s degree in accounting, finance or a related field or combination of experience and education required.

Physical Demands and Requirements:

• Work is performed in a professional office environment, including a private office, cubicle workspace, or approved home office setting that supports the effective and secure performance of job duties.
• A hybrid work schedule may be permitted and must include a minimum of three (3) days per week in the office, subject to business needs and management approval.
• Frequent use of a computer, telephone, and standard office equipment for extended periods.
  
• Regular sitting, speaking, hearing, and viewing computer screens; occasional standing, walking, bending, reaching, and lifting of materials weighing up to 20 pounds may be required.
• Additional hours may be required periodically to support business needs, client events, business development activities, strategic initiatives, or time-sensitive projects.
  

Special Requirements:

• Must successfully pass a pre-employment background check and maintain eligibility for continued employment.
• Must comply with all Bank policies, procedures, and applicable regulatory requirements.
• Must maintain professionalism, discretion, and confidentiality when handling customer, employee, and business information.
• Must possess and maintain a valid driver’s license and acceptable driving record, if travel is required for the position.
• Must be authorized to work in the United States without current or future sponsorship requirements.

What’s in it for YOU?:

• Comprehensive benefits including medical, dental, vision, disability, and life insurance
• 401K with a company match
• PTO including 11 paid holidays, vacation time and sick time
• Financial Wellness Program
• Volunteer Opportunities
• Awesome company culture and co-workers who love to work here!
• Work Life Balance – We don’t use that term lightly!
• Company Wide Open Door Policy