Assistant Auditor

Offering new and exciting career opportunities, BankNewport is committed to providing our employees the resource and guidance to develop careers that are challenging and rewarding.

So if you’re looking for a great professional opportunity, know that BankNewport will empower and invest in you.

Under supervision of the Audit Director and other Audit team members, responsible for performing audits of bank departments and subsidiaries according to generally accepted auditing standards.

PRIMARY ACCOUNTABILITIES / RESPONSIBILITIES:

• Perform segments of financial, operational, compliance and follow-up audits of all bank operations, including retail banking, deposit operations, lending, information systems and accounting, as well as any Bank subsidiaries.
• Perform analysis of controls, identifying areas of exposure, and recommend changes in procedures/processing and policy to reduce risk, with limited supervision.
• Assist in developing and maintaining audit engagement planning, audit objectives and programs for activities under review.
• Prepare audit work papers and documentation detailing work performed in a clear and concise format. Write reports for audit areas and review findings with appropriate levels of management.
• Keeps abreast of regulatory developments and banking laws. Attends and participates in relevant online courses and seminars through professional development resources.
• Reviews and updates existing audit programs or develop new programs. Creates work papers, documents results and issues reports.  Communicates results to departmental managers.
• Perform exit meeting with management to present audit findings, if required.
• Verify compliance to key controls by inquiry, observation, or examination of documents.
• Manage the completion of assigned audit tasks within budgeted time frames allocated.  
• Establish and maintain effective working relationships with all employees and department managers.
• Perform Audit confirmations including ordering confirmations, track responses, sending second requests and researching discrepancies. 
• Performs related and unrelated duties as required.

POSITION REQUIREMENTS:

• Bachelor’s degree in a business-related field, preferably Accounting, Finance or Information Systems a plus.
• Current and/or recent Audit related experience in an audit firm and/or organization; bank experience a plus
• Knowledge of and/or experience with regulatory compliance a plus.
• Strong understanding of bank operations, deposit and lending a plus.
• Strong working knowledge of Windows – Word, Excel, etc. and the ability to learn new digital platforms.
• Excellent verbal and written communication and interpersonal skills.
• Ability to organize and prioritize work assignments and projects.
• Ability to travel freely among all banking locations.
• Willingness to pursue certification in the field of Auditing, Compliance or Risk. (i.e. CIA, CISA, or CRCM).

BANKNEWPORT CORE VALUES:

• We celebrate
• We empower employees to be creative problem solvers.
• We invest the time to know our customers, communities, and employees.
• We commit to serving the financial needs of Rhode Islanders.

Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

BankNewport is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity or expression, pregnancy, childbirth or related medical conditions, military service, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.