Internal Audit Supervisor

Job Description

Description:

Newburyport Bank and Pentucket Bank have received formal regulatory approval for the establishment of River Run Bancorp, MHC as the singular, joint mutual holding company under which both banks will operate as separate, independent community banks.

River Run manages the shared services organization supporting both Newburyport Bank and Pentucket Bank. While both Banks maintain their independent, mutual community bank status, working in tandem under River Run provides scale to the organization. Working together under River Run provides greater opportunities for advanced products and services and operational efficiencies. This will establish River Run as a dominant, sustainable, independent, and full service mutual community banking partnership in the Northeastern Massachusetts and Southern New Hampshire markets.

Under supervision of the Internal Audit Director, the Internal Audit Supervisors is responsible for performing internal audits (which includes third line of defense compliance reviews) and FDICIA controls testing according to internal audit procedures. In addition, this role maintains issues tracking reports with issues identified during internal audits and examinations and interact with department personnel to facilitate internal audits and effective working relationships.

Requirements:

Operational Effectiveness

Assist the Internal Audit Director with internal audit engagement planning, coordinate timely response to requested documents, interact with outsourced internal auditors, and perform follow up on draft reports and management responses.

Perform financial (including FDICIA), operational, and compliance internal audits of all departments, subsidiaries, and affiliates, with limited supervision.

Test controls using inquiry, observation, or examination of documents, prepare work papers, and documentation detailing work performed in a clear and concise format.

Perform analysis of controls, key controls by inquiry, observation, or examination of documents, and recommend changes in procedures/processes to reduce risk, with limited guidance from the Internal Audit Director.

Report results of work performed to the Internal Audit Director and prepare draft reports for review.

Coordinate with the independent financial statement audit firm to assist with their assessment of management’s annual testing of FDICIA controls.

Manage the completion of assigned audit tasks within allocated time limits and keeping with professional standards.

Establish and maintain effective working relationships with all employees.

Attend training required to maintain relevant certifications and knowledge of trends in the industry and internal audit.

Perform additional duties as required.

Education and Experience

Bachelor’s degree in a business-related field (e.g., Finance, Accounting, Business Administration or related discipline).

5+ years of current and/or recent Internal Audit related experience in an audit firm and/or financial organization.

Knowledge of and/or experience with relevant consumer compliance regulations.

Strong understanding of bank operations and controls.

Strong working knowledge of Word, Excel, Adobe, etc.

Strong analytical and critical thinking skills.

Excellent verbal and written communication and interpersonal skills.

Ability to organize and prioritize work assignments and projects.

Ability to travel freely among all bank and subsidiary locations.

Willingness to pursue certification in the field of Auditing (CIA or CISA) if not already acquired.

Physical Requirements

Prolonged periods of sitting at a desk and working on a computer.

Must be able to lift up to 15 pounds at times.

River Run Services, LLC is an Equal Opportunity/Affirmative Action Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Candela Borracci at or call .