• Job Description

  Req#: 2147

  SVP, Chief Internal Auditor

  El Monte, CA, USA Req #2147

  Friday, February 16, 2024

  People Drive Our Success

  
  Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.

  
  Apply today!

  
  What our team members are saying:

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  Learn more about us at cathaybank.com

  GENERAL SUMMARY

  The Chief Internal Auditor reports directly to the Audit Committee and on a dotted line basis to the Chief Executive Officer. The Chief Internal Auditor serves in an advisory capacity to the Audit Committee, board, and senior management.

  Under the general direction of the Audit Committee, plans, develops, prioritizes, and coordinates the operational, IT, regulatory compliance, financial, and fraud audits of branch offices, operations administration departments, administrative departments, lending departments, information technology and other business functions of Cathay Bancorp Inc. and its subsidiaries. Assures regulatory developments, recent accounting releases, technological advances and corporate business objectives are incorporated, as appropriate, into the administration of the Audit function. The audits may cover functional or organizational activity, with emphasis on sensitive, higher risk or complex areas.

  Through subordinates, the Chief Internal Auditor ensures implementation and execution of the approved annual audit plan. The Chief Internal Auditor is also responsible for management of the Bank’s SOX program. The Chief Internal Auditor, along with the Audit Managers and the SOX Compliance Manager, are responsible for developing, managing, and mentoring all members of the Internal Audit and SOX staff. The Chief Internal Auditor effectively manages the Internal Audit and SOX activity to ensure it adds value to the organization and is in compliance with applicable bank policies and procedures and applicable laws.

  DIRECT REPORTS

  The incumbent supervises, directly or through subordinates, the entire staff of the department.

  ESSENTIAL FUNCTIONS

  • Leads in the development of a strategic risk-based annual audit plan. Communicates the internal audit plans and resource requirements, including interim changes, to the Audit Committee for review and approval and to the board.
  • Directly and through subordinates, manages, and directs an effective and timely execution of the audit plan and the SOX plan.
  • Provides leadership, administration, training, direction and guidance for all Internal Audit and SOX staff and the Audit and SOX activities of the Bank.
  • Ensures resources of the Internal Audit and SOX departments are efficiently and effectively deployed. Manages relationships with any co-sourced or outsourced audit service providers. Shares information and coordinates activities with other internal and external providers of relevant assurance and consulting services to ensure sufficient coverage and minimize duplication of efforts while managing cost.
  • Establishes risk-based plans to determine the priorities of the Internal Audit Department, consistent with the organization goals.
  • Identifies and assesses internal control weaknesses, audit exceptions and inefficiencies, and makes recommendations for improvement.
  • Ensures that timely and accurate reports are provided to the Audit Committee summarizing audits conducted, significant findings, status of corrective actions, progress on the audit schedule and status of examinations conducted by regulators and external auditors. Reporting should also include significant risk exposures and control issues, corporate governance issues, and other matters needed or required by the Audit Committee, board, and senior management.
  • Evaluates and recommends procedures and internal controls to ensure compliance with laws, policies, and procedures. Competently investigates fraud.
  • Establishes policies and procedures to guide the internal audit activity. Ensures that audit policies and procedures are kept current in applicable policy manuals.
  • Maintains independence and freedom from interference in determining the scope of internal audits, performing work, and communicating results.
  • Obtains competent advice and assistance to resolve issues if the Internal Audit staff lacks the knowledge, skills, or other competencies needed to perform all or part of the audit activity.
  • Establishes credibility within the Bank and develops and fosters partnerships with business line management.
  • Performs special projects as directed by the Audit Committee or executive management as appropriate.

  QUALIFICATIONS

  Education:

  • BA/BS in accounting, finance, business, or related discipline. CPA preferred.
  • Certified Internal Auditor (CIA) designation preferred.

  Experience:

  • At least 8 to 10 years related work experience, including at least five years of internal or external audit management experience with increasing levels of responsibility, preferably in banking.

  Skills/Ability:

  • Familiarity with Federal and State banking regulations.
  • Demonstrated effective oral and written communications skills, and analytical skills with the demonstrated ability to deal effectively with all levels of management.
  • An effective understanding of, and the ability to work effectively within an IT-oriented business environment, including a demonstrated knowledge concerning the use of PC applications.
  • An effective understanding of computer assisted audit techniques.
  • The ability to perform assigned duties with minimum supervision.
  • The willingness and ability to travel, including occasional overnight assignments.
  • Strong conceptual and analytical skills necessary to evaluate the functions, operations, and activities of Cathay Bancorp, Inc. and its subsidiaries, Strong organizational and supervisory skills necessary to motivate, develop, and supervise the Audit and SOX staff. Diplomacy and the ability to keep confidence is a must.

  OTHER DETAILS

  
  $260K – $310K / year
  Pay determined based on job-related knowledge, skills, experience, and location.

  Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

  Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.

  Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

  Click here to view the EEO is the Law poster in English. Poster- English
  Click here to view the EEO is the Law supplement in English.Supplement- English

  Clic aquí para ver la EEO es la Ley póster en español. Poster- Spanish

  Clic aquí para ver la EEO es la Ley suplemento en español.Supplement- Spanish

  点击这里查看EEO是法律海报的中文Poster- Chinese

  点击这里查看EEO是法律和补充條例的中文"Supplement- Chinese

  Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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• About the company

  Cathay Bank is a Sino-American bank based in Los Angeles, California.

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