Avidbank is a $2.3 billion commercial bank based in Silicon Valley serving the San Francisco Bay area and across the country. We are a highly responsive business bank, providing tailored financial solutions. We are advocates for our clients and specialize in providing innovative banking products and supportive services that exceed our clients’ expectations.
Founded in 2003, we specialize in commercial & industrial lending, technology and asset-based lending, specialty finance, real estate construction and commercial real estate lending. We have one branch in San Jose along with loan production offices in Redwood City and San Francisco.
Title of position: VP, Audit Manager
Position type: Full-time
Pay range: $130,000 - $210,000
Division: Risk and Compliance
Work Location Type: Hybrid
Location: San Jose, CA
Job Summary:
Holistically manage the coordination of the Company’s Internal and External Audits including management and execution of FDICIA internal control testing. The position will be the central point of contact for all audit-related activities including tracking audit issues and remediation and providing status updates to the Board’s Audit Committee.
Essential Functions
- Manage the scoping, facilitation, tracking and coordination of the Company’s Internal Audit Plan in accordance with IIA Standards ensuring quality and timely execution of Internal Audits. The internal audit process is outsourced to a professional services firm.
- Facilitate the scheduling of External Audits including management of audit requests and synchronization of audit activity timelines.
- Execute the Company’s FDICIA testing strategy ensuring management’s attestation to an effective internal control infrastructure.
Responsibilities
- Responsible for the timely execution of internal audits and review audit workpapers for quality assurance
- Report to the Audit Committee on the audit plan, outstanding issues, and management remediation efforts
- Update and maintain audit-related policies, procedures, and governance obligations
- Develop and/or maintain FDICIA risk and control matrices, process documentation, and testing results
- Execute testing of key financial controls and partner with management to enhance quality of control design
- Challenge and advise management on issue remediation with an audit and regulatory perspective
- Build and maintain strong relationships with key stakeholders and Bank management team
- Note: Other duties may be assigned as required.
Qualifications
Required:
- Bachelor’s Degree Business, Finance, or related field
- 7+ years of risk and control testing experience
- 3+ years’ experience in Banking or Financial Services industry
- Strong understanding of SOX and FDICIA compliance requirements
- Strong communication skills with Board and Executive level management
Preferred:
- Professional certification in accounting and/or audit discipline preferred, e.g., CIA, CISA, CPA, or equivalent
- PCAOB experience
Physical Requirements:
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift 15 pounds at times.
Benefits
Avidbank offers full-time employees competitive compensation, medical, dental, vision, life insurance, long term disability insurance, 401k with matching, paid holidays and a competitive paid time off policy.
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. It is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case.
Avidbank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
We are an AA/EEO/Veterans/Disabled employer.
