AVP, Internal Audit

CardWorks Servicing ("CWS") is one of the largest privately-held provider of outsourcing services for bankcard-related products to banks and non-bank lenders in North America.
CWS offers management expertise across the credit spectrum and supports both MasterCard and Visa accounts as well as a variety of private label debit, credit, stored value, and customer bankcards.
Position Summary: The AVP Internal Auditor is responsible for assisting the VP Internal Audit Manager in planning, performing, and reporting on a comprehensive risk-based Internal Audit Plan covering all business units, departments and functions enterprise wide.
The AVP Internal Auditor is expected to maintain internal audit subject matter expertise and to stay abreast of regulatory, industry, and other changes that affect the Company’s risk profile.
The AVP Internal Auditor is expected to have a thorough understanding of audit methodologies and to develop audit work papers in accordance with the Company’s Internal Audit Quality Assurance Improvement Program.
The AVP Internal Auditor also provides guidance, direction, and mentoring to less experienced staff.
Essential Functions: • Assists the VP Internal Audit Manager in identifying risk and controls; and in planning internal audits.
• Performs and /or leads audit evaluations to provide reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the Company to meets its objectives and goals.
• Ensures that audit objectives and testing results are adequately evaluated to conclude on the effectiveness of internal controls and develop conclusions on residual risks.
• Develops data analytics to bring efficiencies to audit testing.
• Prepares audit work papers in accordance with the Quality Assurance Improvement Program and ensures that sufficient evidence is documented to support related audit findings and conclusions.
• Reports risk management issues and internal control deficiencies via professionally written deliverables that are appropriate for all levels of management and governance.
• Provides support to the Company’s anti-fraud programs, including participation in fraud investigations and identification of fraud risks.
• Performs review of audit work papers and supervises and mentors staff as requested by the VP Internal Audit Manager.
• Complies with the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing and the Internal Audit Code of Ethics.
• Attends requisite meetings in the absence or at the request of the VP Internal Audit Manager.
• Obtains management responses and performs follow up inquiry and transactional testing to confirm remediation of audit findings.
• Participates in training and development programs to develop and maintain audit, process, or Company subject matter expertise.
• Compliance with Laws & Regulations: • Responsible for complying with all of the Company’s internal control policies and procedures.
• Responsible for understanding and complying with all laws and regulations to which the Company is subject.
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.
Education and Experience: • Bachelor’s Degree in accounting, business, or related field required; Master’s Degree preferred • Seven (7) years audit experience in financial services or public accounting required • A minimum of one professional certification such as Certified Public Accountant, Certified Internal Auditor, Certified Regulatory Compliance Manager, Certified Information Systems Auditor, or Certified Fraud Examiner required.
Summary of Qualifications: • Demonstrable knowledge of internal control best practices and the Committee of Sponsoring Organizations of the Treadway Commission Integrated Framework; • Demonstrable knowledge and prior experience in bank and financial servicing operations and the application of regulatory requirements; • Prior experience and demonstrable ability with open and closed end loan platforms; • Demonstrable ability to evaluate large quantities of data and identify errors and root causes; • Demonstrable ability to understand complex transactions and gather information from various personnel; • Demonstrable ability to utilize data analysis and tools to develop test samples; • Demonstrable knowledge of International Standards for the Professional Practice of Internal Auditing; • Demonstrable knowledge of and prior experience preparing audit work papers in accordance with industry quality standards; • Demonstrable ability to complete web-based training programs and pass related tests; • Demonstrable ability to communicate and explain any difficulties encountered in performing audit test work.
Work Environment/Physical Demands: • Work is in an office environment, sustained posture in a seated position for prolonged periods of time; works with computer equipment for prolonged periods of time.
• Some stress may occur • Travel is generally not required • This position reports to the VP Internal Audit Manager and may supervise I, II, and Senior Internal Auditors.
We are an equal opportunity employer, and we evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status or any other legally protected characteristic.
We will conduct a thorough background check for all hires in compliance with applicable law which includes (but may not be limited to) a review of factors including the applicant’s personal credit history, drug testing, and employment/personal references.