• Principal Internal Auditor

    Posted Date 9 months ago(7/18/2017 4:05 PM)
    Job ID
    # of Openings
    Access National Bank
  • Position Summary

    The principal internal auditor is responsible for leading and performing internal audits and special reviews, as part of the ANB’s internal audit plan. The successful candidate will assist internal audit management to complete the annual risk assessment, and develop the annual audit plan. For assigned audits or special reviews, the candidate will effectively plan and execute risk-based audits of varying levels of complexity. This responsibility will include developing internal audit scope, performing internal audit procedures, and preparing internal audit workpapers and reports reflecting the results of the work performed. Assigned audits will include coverage of functional and operating units, and focus on financial, compliance, Information Technology, and operational processes. Additionally, the principal auditor will perform follow-up on the status of outstanding internal audit issues. He/she will also assist internal audit management with periodic reporting to the audit committee, and championing internal control and corporate governance concepts throughout the enterprise. The principal auditor may often direct and review the work performed by other internal audit personnel, including resources from consultants in the case of outsourced engagements.

    Essential Functions

    • Assists internal audit management in the completion of the annual risk assessment and development of the annual audit plan.
    • Plans and leads assigned internal audits and special reviews timely, in a manner that is risk-based, and to an acceptable level of quality
    • Reviews the work of other auditors, and provide coaching to ensure that engagements are completed in accordance with the internal audit department’s methodology
    • Documents, evaluates and tests systems and controls to determine their adequacy and effectiveness
    • Works with management to conduct root-cause analysis of apparent deficiencies, and documents audit findings clearly and concisely
    • Develops and discusses audit findings; comes to agreement on recommendations and timelines for corrective actions with responsible business management of the auditable entity
    • Develops sound draft reports for entire engagement, or a portion of it, and confidently presents audit issues to senior management
    • Performs tracking of open audit finding, and evaluates the adequacy of corrective actions prior to closure of the issues
    • Understands the requirements of Sarbanes-Oxley (SOX) 404. Independently completes and documents quarterly testing of SOX key controls, including design reviews
    • Performs other duties related to the Internal Audit Department, as required

    Additional Responsibilities:


    • Takes initiative in identifying appropriate audit tools, best practices, and identifies/performs tasks aimed at ensuring that the audit/assignments are conducted in accordance with the internal audit methodology
    • Completes review of workpapers prepared by consultants on outsourced engagements
    • Attends training sessions and seminars to maintain adequate knowledge


    • Bachelor’s degree in accounting or equivalent combination of experience and education in internal audit
    • 6+ years of experience in related auditing position, preferably in banking, financial services, and/or a recognized public accounting firm
    • CIA, CPA, CRCM or other equivalent professional certification
    • Exercises due professional care, and has ability to quickly comprehend business process and identify areas of risk
    • Strong verbal and written communication skills, to effectively present to peers and management
    • Good interpersonal, supervisory, communication and analytical skills
    • Strong team building and organizational abilities
    • Conceptual thinking and problem solving abilities


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