Job Description
POSITION SUMMARY
The internal auditor is responsible for independently assessing the bank’s adherence to regulatory requirements and internal policies. This role plays a critical part in identifying compliance risks, recommending corrective actions, and supporting a culture of compliance throughout the organization. The internal auditor will also have responsibility for providing quality control over key processes, supporting loan review programs, and preparing analytics and reports for management.
ESSENTIAL FUNCTIONS
Reasonable Accommodations Statement
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Essential Functions Statement(s)
• Oversee and implement the compliance monitoring and testing program
o Develop and execute the annual compliance monitoring and testing plan.
o Conduct periodic reviews of business units to assess compliance with applicable laws and regulations (e.g., BSA/AML, CRA, HMDA, TILA, RESPA, ECOA).
o Document findings, prepare reports, and communicate results to management and the Board of Directors.
o Track and verify remediation of compliance issues identified through monitoring, audits, or regulatory exams.
o Collaborate with business lines to enhance internal controls and mitigate compliance risks.
o Stay current on regulatory changes and assess their impact on bank operations.
o Assist in preparing for regulatory examinations and internal audits.
o Support compliance training initiatives and provide guidance to staff on regulatory matters.
• Administer internal loan review practices.
o Review commercial loans according to the established review policy, including the evaluation of underwriting, grading, and documentation practices.
o Complete independent loan review activities monthly and provide a quarterly report to Executive Management and the Board of Directors.
o Develop a risk-based internal loan review program for mortgage lending.
• Support and enhance bank practices to ensure effective compliance with FDICIA expectations on internal controls and commensurate documentation.
• Provide support for internal audit and examination processes.
o Coordinate with the business lines to document, track, and report on progress related to audit and examination findings.
o Perform ongoing evaluation of internal audit activities to recommend areas to bring in-house, as appropriate.
o Monitor corrective action plan progress with appropriate business lines.
o Provide feedback relative to policy/procedure updates resulting from the internal testing process.
• Follow Bank policies and procedures, proactively managing risk, and complying with laws and regulations.
• Maintain an uncompromising level of confidentiality.
• Other duties, as needed, to accomplish Mechanics’ Mission and Vision.
POSITION QUALIFICATIONS
Competency Statement(s)
• Accountability - Ability to accept responsibility and account for his/her actions.
• Accuracy - Ability to perform work accurately and thoroughly.
• Analytical Skills - Ability to use thinking and reasoning to solve a problem.
• Communication, Written - Ability to communicate in writing clearly and concisely.
• Communication, Oral - Ability to communicate effectively with others using the spoken word.
• Deductive Reasoning - Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems.
• Detail Oriented - Ability to pay attention to the minute details of a project or task.
• Ethical - Ability to demonstrate conduct conforming to a set of values and accepted standards.
• Honesty / Integrity - Ability to be truthful and be seen as credible in the workplace.
• Organized - Possessing the trait of being organized or following a systematic method of performing a task.
• Reliability - The trait of being dependable and trustworthy.
• Vision – Ability to see how it can be, not just how it is.
SKILLS & ABILITIES
Education: Bachelor’s degree preferred.
Preferred Qualifications
• Bachelor’s degree in Business, Finance, or related field.
• 3+ years of experience in banking, auditing, accounting, and/or compliance.
• Strong understanding of cash management products and banking operations.
• Excellent communication, presentation, and relationship-building skills.
• Industry-recognized designations such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Regulatory Compliance Manager (CRCM), etc.
• A degree from an industry-recognized graduate banking program
Computer/Hardware Skills
• Microsoft Office products, including Word, Excel, Outlook, and Access
Other Requirements
• Commitment to the bank’s vision, mission, and guiding principles
• This position may require some flexibility in work schedule due to reporting deadlines
• All duties will be performed in compliance with applicable policies
• Good written communication skills, particularly in summarizing financial information and explaining to others in non-complex terms
• Strong presentation skills to a wide variety of audiences
• Continuing education requirements
• Complete other duties as assigned
• Able to work cooperatively and provide excellent service to internal customers.
• Maintain a professional attitude and appearance.
• Dedicated work ethic to meet crucial reporting deadlines.
• Ability to adapt and embrace technological and procedural changes.
PHYSICAL DEMANDS
Physical Demands
Lift/Carry
Stand
O (Occasionally)
Walk
O (Occasionally)
Sit
F (Frequently)
Handling / Fingering
F (Frequently)
Reach Outward
O (Occasionally)
Reach Above Shoulder
O (Occasionally)
Climb
N (Not Applicable)
Crawl
N (Not Applicable)
Squat or Kneel
O (Occasionally)
Bend
O (Occasionally)
10 lbs or less
O (Occasionally)
11-20 lbs
O (Occasionally)
21-50 lbs
N (Not Applicable)
51-100 lbs
N (Not Applicable)
Over 100 lbs
N (Not Applicable)
Push/Pull
12 lbs or less
O (Occasionally)
13-25 lbs
O (Occasionally)
26-40 lbs
N (Not Applicable)
41-100 lbs
N (Not Applicable)
N (Not Applicable)
Activity is not applicable to this occupation.
O (Occasionally)
Occupation requires this activity up to 33% of the time (0 - 2.5+ hrs/day)
F (Frequently)
Occupation requires this activity from 33% - 66% of the time (2.5 - 5.5+ hrs/day)
C (Constantly)
Occupation requires this activity more than 66% of the time (5.5+ hrs/day)
Other Physical Requirements
Vision (Near)
Mechanics has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and Mechanics reserves the right to change this job description and/or assign tasks for the employee to perform, as Mechanics may deem appropriate.
