Senior Auditor

Time zone
Anywhere 🌎
Type
Full Time
Opening date
Closing date
25 Nov 2021
Views
135

Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The Company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the world. Silvergate is enabling the rapid growth of digital currency markets and reshaping global commerce for a digital currency future. Challenging convention by empowering people allows us to exceed expectations for our clients while cultivating an awesome culture.

The mission of Internal Audit (IA) is to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight. Internal Audit helps Silvergate accomplish its objective by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management and control process. IA is directly responsible to the Audit Committee of the Board and this role will report to the Director of Internal Audit and contribute to the development and implementation of a comprehensive, risk-based internal audit program, including the management of outsourced work.

This role will have great exposure to many areas across the bank, the opportunity to collaborate with employees at different levels of the entity, and will participate in various internal audit processes, such as the development of audit plan and risk assessment, audit project planning and coordination, issue management, Quality Assurance and Improvement Program, and/or strategic initiatives within IA.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Internal Audit Project Management and Delivery

  • Act as liaison to firms contracted to perform outsourced internal audits
  • Coordinate the planning, organization and reporting of internal audit projects in accordance with the International Professional Practices Framework (IPPF)
  • Lead quality assurance and improvement review of internal audit work as required
  • Monitor audit project billing and delivery status
  • Lead the follow-up process to facilitate the documentation and resolution of audit issues and ensure process and control improvements have been timely implemented
  • Assist / counsel management on how they can properly document their internal controls and processes
  • Assist external auditors and regulators in the execution of their duties as needed
  • Assist with ad-hoc requests or project as needed
  • Identify and report any practices that may be misleading, unfair, deceptive and/or abusive in nature and cause harm to consumers
  • Select and use appropriate research, business intelligence and problem-solving techniques to analyze and solve complex situations
  • Apply the organization’s audit methodology and carries out the audit procedures to meet the specific audit engagement objectives
  • Maintain objectivity throughout the audit engagements
  • Maintain up-to-date competencies required for effective internal audit delivery

Governance, Risk and Control Culture

  • Assist in the vendor procurement and management process
  • Assist in continuous periodic risk assessment process
  • Assist with strategic initiative within Internal Audit Department
  • Contribute to the development of risk-oriented culture within the organization
  • Maintain a comprehensive insight into the organization’s current and emerging risk profile
  • Create audit engagement plans based on the risk and its impact on the organization
  • Apply the concepts of controls during audit activities
  • Ensure internal audit activities are aligned with and enhance the organization’s enterprise risk management strategy and risk profile
  • Ensure that proposals for improvements to internal controls are balanced with organizational objectives and capabilities
  • Assess and accounts for the potential for fraud risk and identifies common types of fraud associated with the organization
  • Assess and accounts for the potential for fraud risk and identifies common types of fraud associated with the internal audit engagement
  • Maintain an understanding of the processes used to support fraud investigations
  • Maintain knowledge of the organization and its risks
  • Maintain industry specific knowledge appropriate to the audit engagements, and to the organization
  • Maintain a current understanding of the latest global developments, regulatory and legal requirements and assesses the relevance to the audit engagements
  • Maintain a current understanding of the latest global developments and regulatory and legal framework within which the organization operates
  • Maintain knowledge of the technical aspects of financial, managerial and cost accounting concepts, standards, systems and reporting processes appropriate to the audit engagements
  • Assess and take account of the technical aspects of financial, managerial and cost accounting concepts, standards, systems and reporting processes appropriate to the organization
  • Demonstrate sound working knowledge of the quality control frameworks relevant to the audit engagements
  • Evaluate the quality control frameworks operated by the organization
  • Take into account cultural aspects of the organization
  • Take into account the mission, strategic objectives and business nature of the organization

Communication and Collaboration

  • Secures the trust of others through positive use of communication
  • Fosters open communication
  • Demonstrates respect for others and customizes messages to reflect the needs of the target audience
  • Upholds service orientated attitude
  • Maintains independence and objectivity in all situations

General

  • Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures
  • Must adhere to the company’s core values of Challenge Convention, Do What’s Right, Take Ownership, Empower People, Exceed Expectations, and Cultivate Awesome all while keeping our “Why?” front of mind. Our Why? Silvergate is the banking platform for innovators, and we believe in the power of entrepreneurs to create prosperity for our communities.
  • Not to harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice

Decision Making

  • Supervision is generally provided to establish and review broad objectives relative to basic job duties
  • Independent judgment is required to study previously established, often partially relevant, guidelines, plan various interrelated activities and coordinate such activities while completing a project
  • Problem solving involves identification and analysis of diverse problems, answers are usually found by reviewing complex regulatory reference materials, Bank procedures and applying them to Bank practices. Guidance is usually provided on specific sources to review and solutions/recommendations are reviewed prior to report finalization.

KNOWLEDGE, SKILLS AND ABILITIES

  • Minimum 5 years of experience in internal audit/external audit/risk control positions, preferably in banking or Fintech organizations
  • Minimum 2 years of experience leading or managing internal audit projects
  • Strong demonstrated commitment to continuously obtain and maintain knowledge of existing and evolving lending regulations and key compliance priorities
  • Deep demonstrated commitment to continuously obtain and maintain knowledge of existing and evolving banking statutes and regulations and associated advisory opinions/interpretive letters
  • Strong analytical skills, particularly assessing the probability and impact of an internal control weakness
  • Strong project management and organizational skills
  • Strong oral and written communication skills
  • Ability to build strong relationships and communicate with stakeholders at all levels, provide a high degree of customer service, learn quickly, be flexible, multi-task and adjust priorities and focus as needed
  • Ability to coordinate multiple projects concurrently in an efficient and effective manner with minimal supervision
  • Enthusiastic, effective under pressure and willing to take ownership
  • Active CIA or CISA
  • IT audit background preferred but not required

BANK SECRECY ACT REQUIREMENTS

Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the Company’s customer identification program (CIP) rules, observing all Company policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.

WORK CONDITIONS

Standard office environment with a moderate noise level or working remotely.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is:

  • Regularly required to talk or hear
  • Required to communicate with customer and coworkers verbally and in writing
  • Occasionally required to stand; walk
  • Occasionally required to lift up to 25 pounds
  • Required to sit for long periods and reach with hands and arms
  • Able to read documents, computer screens, reports, other communications and have the ability to adjust focus and close vision.

Management reserves the right to add to, change and revise this description at any time. This description does not include any marginal functions that are incidental to the essential functions. Also, it does not imply that these are the only tasks to be performed by the incumbent. Employees are required to follow any other job-related instructions and to perform any other job-related tasks requested by their supervisor. Any requirement may be modified to reasonably accommodate individuals with disabilities.

Silvergate is an EEO/AA/Disability/Vet

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Position: Senior Auditor.


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