Audit Director

Audit Director

Overview

Old National Bank has been serving clients and communities since 1834. With $50 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. A unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

We are currently seeking an Internal Audit Director with an in-depth understanding of banking and wealth management operations. The Internal Audit Director will be responsible for the management, oversight, and execution of audit plans in accordance with Internal Audit standards, relevant government statutes and regulations, and Company policies. The Audit Director maintains business contact through fieldwork and oversight of audit plans and coaches and develops the assigned Internal Auditors on audit excellence, including the theory and application of audit and/or business techniques.

This position can be located anywhere in Old National's Footprint.

Salary Range

The salary range for this position is $106,100 - $214,600 per year. Final salary will be determined based on factors such as location, experience, skills and qualifications.

Key Accountabilities

Oversight and Execution of multiple, con-current, moderate to highly complex internal audits for assigned business segments.

Maintains a thorough understanding of financial services (including utilization of technology, products, organizational activities, and delivery of systems) and applies this knowledge to strategize, plan and implement audit activities for assigned business areas.
• Draws upon industry knowledge and expertise to foster effective relationships with business unit management and develop the audit team.
• Provides strategic leadership to team through application of advanced competencies in technical skills, logical reasoning and overall audit proficiency.
• Guides audit team through engagement and ensures timely, high quality audit reports and findings, and facilitates issue resolution.
• Effectively summarizes and communicates audit progress and findings to various levels of management, both orally and in written materials.
• Supervises and coaches audit staff as part of the internal audit review including the oversight of field work, reviewing and challenging the testing and work papers prepared by audit staff, and review of post-audit follow-up to appraise adequacy of corrective action taken to address audit recommendations.
• Continuously assesses and manages risks to the successful completion of audit projects and/or departmental objectives.
• Anticipates challenges which may impact Internal Audit's and the Company's success, understands the critical risks and issues, including root causes, and creatively provides input to mitigate these risks/issues.

Leads, coaches, and develops an assigned Internal Audit team.

• Shares business expertise with audit team to ensure that decisions pertaining to the nature, timing and extent of audit work are appropriate and that the skill sets of the team are continually enhanced.
• Improves and reinforces the performance of others by providing timely, candid, and constructive performance feedback; facilitates skill development through coaching.
• Communicates clear expectations, monitors and measures progress and results, rewards and recognizes success, deals with problem performance; promotes a culture of mentoring and knowledge transference to enhance the performance of the entire team.
• Drives a rewarding team member experience and facilitates the learning, growth and performance of each team member through effective on-going development discussions, support of individual development planning, and career exploration.

Serve as a key resource in the execution of assurance and adivsory work.

• Conducts a comprehensive organizational review at the strategic level to identify business risks, internal control issues and efficiency recommendations.
• Assists the Chief Audit Executive with the organizational risk assessment and development of annual audit plan.
• Leads development of strategy for ensuring assigned business areas receive high quality, timely, risk focused effective audit services.
• Applies an in-depth understanding of the inter-relationships of business and support units throughout the company and how they impact the overall control environment and the audit approach.
• Uses excellent communication skills in order to influence a wide range of internal audiences including respective segment or function leaders. May negotiate internally at higher levels on matters which will have a major impact on the area managed.
• Proactively advances integrated auditing concepts and closely follows latest trends in field and adapts them for application within own job and the business.
• May participate in major business initiatives and pro-actively advises and assists the business on change initiatives.
• Proposes creative and pragmatic solutions for risk and control problems.
• Partners with business unit management to develop approaches for addressing broader corporate emerging issues.

Key Competencies for Position

People Leadership:

• Coach & Empower Others- Provides timely feedback, support and guidance to encourage and support team members to accomplish tasks, solve problems, and enhance their professional development.
• Gaining Agreement- Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modifies one's own behavior to accommodate tasks, situations and individual's involved.

Culture Leadership:

• Communication - Shares relevant information with identified stakeholders, tailors delivery to the audience, selects appropriate delivery methods to suit the situation and audience.

Execution Leadership:

• Drive and Execution- Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance.
• Problem Solving/ Decision Making- advanced skills in defining issues, identifying and analyzing relevant .