Internal Control Manager

JOB SUMMARY

The Internal Control Manager is responsible for the day to day management of the audit and control functions of the loan operations group. This includes the following functions:Management of daily loan audits and reviewsDaily monitoring of loan collateralMonthly reviews of borrowing based accounts to ensure adequacy of collateralManage process of changing interest rates and indices and ensure new loan products are adequately tested on servicing systemPerform periodic reviews of internal controls that pertain to SOX and Operational RiskRecommend process changes to ensure risk is adequately controlled and efficiencies are improved

 

The Internal Control Manager will oversee the analysis of the  groups various systems and processes with a view to increase automation in order to mitigate risk, increase productivity and build efficiencies.  Systems include AFS Xpress applications, AFS Level III, OSI Total Plus and various other Bank applications.  In this role, the candidate will structure analysis, and then synthesize detailed material to implement strategic process and system changes as needed.

 

The Internal Control Manager is a vital link between the business owners of  the various loan operations  departments and other control groups within the bank. The Internal Control Manager must be able prioritize tasks for division amongst the department, with the aim of meeting goals, and exceeding clients expectations. 

 

As a direct line of communication, the Internal Control Manager must posses excellent written and verbal communication skills. The candidate is expected to always remain positive with their staff members, and address them in a direct manner, with respect and clarity. The actions and decisions of the Internal Control Manager must reflect an understanding of the goals of the group. This also means that the goals must set forth must be practical. In this setting, teamwork is of the highest importance. In that regard, the Internal Control Manager should always be willing to offer support to their staff members and maintain a positive outlook of operations. The Internal Control Manager should be familiar with the goals of each individual member of their team, as well as the goals of the group as a whole.

DUTIES & RESPONSIBILITIESDirecting staff in the daily auditing of loan transaction to insure data integrity, minimize impacts to clients and insure the Bank and banking officers with the best information possible. The audit would include, but not limited to (1) the boarding of all loans, (2) financial transactions including payments, advances, adjustments, and (3) data indicative updates.Maintain the daily rate index for loans.Updating collateral information, including stock portfolio valuations and reviewing the portfolio to insure compliance with loan to collateral value requirements.  If required, must be able to communicate effectively with Relationship Managers for any margin calls.Updating and reviewing borrowing base certificates for Asset Based Lending lines of credit.Develop, maintain and update all operational procedure manuals related to their group.Perform periodic reviews and testing of departmental internal controls in line with SOX requirements.Perform periodic risk assessments of loan operations group as per Basle II Operational Risk Standards.Assist in implementing new system enhancements.Able to handle a high stress environment: highest at month end, quarter end and year end.  Must be flexible with overtime hours, must be able to work in an environment of constantly changing deadlines without losing required high level of accuracy and production.  Direct the identification and resolution of analytical issues to assist in driving continuous improvement of day to day operations and customer service process.Creating and managing project timelines around process design and management by working with the different departments in Loan Operations and across the Bank.  Direct the synthesis of information from the various functions to create the process, policy and organizational recommendations.

OTHER RESPONSIBILITIES

 Perform duties & responsibilities specific to department functions & activities.Performs other duties & responsibilities as required or assigned by supervisor.Responsibilities include the following:  1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.

REQUIREMENTS

 

EDUCATION: Completion of a 4 year College degree

 

EXPERIENCE:  5+ years of internal audit  experience, ideally in the areas of loan operations. Experience in operational analysis and process improvement is a plus.

 

SYSTEMS:  MS Word, Excel, Access, Outlook

    Knowledge of lending systems ideal





 

QUALIFICATIONS

 Works with partners to consistently exceed client expectationsAbility to discern among multiple tasks needed to complete projectHandles tasks delegated by management on an ongoing basisFully knowledgeable about the product offerings of the department, as well as the systems that support those productsAdheres to the level of service requirements dictated by company policyActively manages workload with the goal of exceeding client expectationsDelivers well thought out decisions in communicating with both internal and external contactsEnthusiastic commitment to organizational goals

 Please visit our website for more information:  www.firstrepublic.com

 

First Republic Bank is an Equal Opportunity Employer.