VP Internal Audit (Part-Time)

Are you an Internal Auditor with banking regulatory experience seeking a part-time opportunity? We invite you to join our team, where you will play a pivotal role in our organization. As the VP of Internal Audit, you will be responsible for conducting independent and objective assessments of the bank’s financial and operational processes. The role involves evaluating the effectiveness of risk management, control, and governance processes to ensure compliance with regulations and internal policies, as well as identifying opportunities for improvement. This exciting role is the third line of defense for the bank.

About the Company

Numisma Bank is a new Greenwich Connecticut-based technology-forward bank focused on currency trading with physical deliveries.

As an internationally focused organization, Numisma Bank’s customers include foreign and global banks, central banks and a select group of non-bank financial institutions. Numisma Bank’s leadership team is comprised of former senior executives with Goldman Sachs, White & Case, Morgan Stanley, and Dimensional Fund Advisors.

This newly formed, fully funded bank offers an extremely attractive opportunity to be engaged in the early stages of a high growth global unicorn that is backed and led by preeminent industry leaders.

Responsibilities

Audit Planning and Execution

• Develop and implement audit plans and programs.
• Conduct risk assessments and identify areas of audit.
• Perform audits of financial, operational and compliance areas

Risk Management and Internal Controls

• Evaluate the adequacy and effectiveness of internal controls.
• Assess the risk management processes in place.
• Recommend improvements to mitigate identified risks.

Compliance and Regulatory Oversight

• Ensure compliance with applicable laws, regulations, and internal policies.
• Conduct audits of regulatory and compliance processes
• Monitor changes in regulations and update audit practices accordingly.

Reporting and Documentation

• Prepare clear, concise, and accurate audit reports.
• Document audit findings and recommendations.
• Present audit results to management and relevant committees

Follow-up and implementation

• Monitor the implementation of audit recommendations.
• Conduct follow-up audits to ensure corrective actions are taken.

Continuous Improvement

• Identify opportunities for process and controls improvements.
• Stay updated on best practices in internal auditing.
• Participate in professional development activities.

Collaboration and Communication

• Work closely with management and other stakeholders.
• Provide guidance on internal control matters.
• Foster a culture of compliance and ethical behavior.

Preferred Qualifications

• Bachelor’s degree in finance, accounting, economics, Business Administration, or related field.
• 10+ years of experience in internal audit, and/or regulatory agency examiner role withing the financial services industry.
• Big 4 Accounting Firm experience preferred.
• Preferred Certifications: CFSA, CIA, CPA, CAMS or related field certification
• Strong knowledge and experience in auditing Bank Secrecy Act and Anti-Money Laundering (BSA/AML) and financial crimes.
• Highly motivated with strong analytical skills, willing and able to learn new business and system processes quickly
• Strong risk and control mindset.
• Flexibility and adaptability that is consistent with a startup environment.
• Ability to multi-task, under pressure and tight deadlines; strong project management skills, and ability to thrive in a dynamic environment.
• Effective communication and people skills.
• Demonstrated team collaboration and relationship-building skills.
• Strong orientation to ethical values and a compliance culture

GEOGRAPHICAL LOCATION

Numisma Bank is in Greenwich, Connecticut and is commutable via car and mass transit from the tristate area. The bank’s team currently works remotely on Monday and Friday

NON-DISCRIMINATION

Numisma Bank firmly supports the principle and philosophy of equal opportunity for all individuals, regardless of age, race, gender, creed, national origin, disability, veteran status or any other protected category pursuant to applicable federal, state or local law.