Internal Auditor - Financial & Shared Services
Flagstar Bank FSB

Troy, Michigan

Posted in Banking

Job Info

Job Summary
The Auditor will be responsible for completing auditing work within FSB for Financial and Shared Service audits under the direction of management. This person will utilize data analytics and other audit testing techniques to ensure that internal controls are in adequate and effective, in compliance with policies, procedures, regulatory and agency guidelines and laws. Experience in financial services industry is desired. In addition, data analysis capabilities as well as strong written and oral communication is required in order to effectively execute internal audit work. Responsible for planning and executing audits under the direction of management; demonstrate proficiency by the exercising of professional auditor judgment; maintaining objectivity and independence in forming audit conclusions and reports.
Areas of Financial expertise will include but not be limited to: Financial Accounting and Reporting, Accounts Payable, Fixed Assets, Forecast and Budgeting, Asset Liability Management, Corporate Tax, Liquidity and Investments, Capital Planning and Current Expected Credit Loss (CECL).
Areas of Shared Services expertise will include: Enterprise/Operational Risk Management, Human Resources, Third Party Management, Automated Clearing House (ACH), Legal Operations and Corporate Governance.

This position will be Hybrid. (50% at our Troy, MI location and 50% work from home MI)

Job Responsibilities:

  • Audit Fieldwork
    • Execute fieldwork, conduct data requests and analysis, document audit testing and work papers in compliance with IIA professional standards and the Flagstar IA methodology.
    • Review results with Lead/Senior Auditor and management, and assist in communications on the systems of internal controls to ensure that internal controls are adequate and effective, comply with internal policies and procedures, agency guidelines and applicable statutes, regulations, and regulatory requirements.
    • Research potential issues or concerns and make recommendations to improve processes and address risk accordingly.
  • Audit Planning & Reporting
    • As needed, assist Lead/Senior Auditors, department managers and designated employees with:
      • The audit planning process, including announcement memo, audit scope and planning, opening meeting, and work paper assignments under the direction of Lead/Senior Auditor and management.
      • Assist in activities related to coordination of audit communications throughout the audit including status update meetings, and exit meetings.
      • Perform wrap up activities, including clearing of review notes and assisting in draft of findings, observations and audit reports.
  • Data Analytics
    • Work with Lead/Senior Auditor, management and IT / data analytics team members to plan to maximize opportunities for data analytics, automation and/or continuous monitoring.
  • Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.

Job Requirements:
  • Bachelor's Degree Required (Accounting, Financial or Related Field)
  • Minimum of 3 years of experience working in internal audit, operations, financial, risk, or similar type of function.
  • Financial services or other highly regulated industry experience is preferred.
  • Experience with regulatory compliance guidelines preferred.
  • Strong knowledge of bank/corporate operating policies and procedures and Federal and State regulations
  • Excellent interpersonal communication skills (written & verbal).
  • Strong quantitative and analytical skills (e.g. Excel, ACL, other data analysis tools)
  • Strong organizational skills.
  • Strong critical thinking skills.
  • Experience with regulatory compliance guidelines.
  • Ability to work well with various levels of management
  • CIA or CPA, Certifications Preferred
  • 0-10% Travel Required

Internal Use Only: Band G

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