Job Description
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:
We are seeking an experienced Internal Auditor who will be responsible for applying risk management and audit principles to help identify, measure, and document the bank's response to current and emerging risks. This includes analyzing loan contracts and related documentation, financial statements, lien documentation, accounting transactions, and regulatory compliance materials. It will also include 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. It may also involve reviewing the work of less-experienced auditors 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.
- 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.
- Conduct audit work in conformance with the Institute of Internal Auditors (IIA) Global Internal Audit Standards, which includes professional conduct and adherence to the IIA's Code of Ethics and performing responsibilities with integrity, objectivity, competency, due professional care, professional skepticism, and confidentiality.
- 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).
- 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 commitments are met.• Performs other duties as assigned.
- 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 to meet business objectives.
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.
- Experience with data management in Excel, Smartsheet's, and other data analytics systems.
- Capability of dealing with sensitive or confidential data.
Required and Preferred Level of Experience:
- 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.
What's in it for YOU?
- Comprehensive benefits including medical, dental, vision, disability, and life insurance
- 401K with a company match
- PTO including 11 federal paid holidays off, 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
Please note that if selected, you are required to pass a pre-employment background check and maintain a clear background.
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