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Director of Internal Audit

Chevy Chase, Maryland
COMPANY DESCRIPTION:  Forbright Bank is a full-service bank, commercial lender, and asset manager headquartered in Chevy Chase, Maryland. Forbright is a banking and financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.

COMPANY CULTURE:  We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance (ESG) practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back.  We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.

COMPANY MISSION:  We are a values-driven institution with an uncommon commitment to decarbonization and sustainability. As the need to build a more sustainable, low-carbon economic system grows increasingly urgent, we are dedicating half of our assets to financing the companies, investors, and innovators driving that change. We are reimagining how a bank should operate in a changing world.

JOB SUMMARY:  Director of Internal Audit coordinates internal audits to ensure the bank has a comprehensive system of financial and operational internal controls in place to minimize risks and validate compliance. They will serve in an independent capacity, report directly to the Audit Committee of the Board, and work closely with the executive leadership and other key stakeholders to align the risk-based audit program with strategic business objectives.

DUTIES AND RESPONSIBILITIES:
  • Lead Internal Audit by implementing action plans related to risk assessment and annual planning, audit execution, audit reporting, staff recruiting and development, third party coordination, audit technology, and Audit Committee reporting.
  • Oversee the execution of individual audits defined in the audit plan ensuring the highest level of service quality and client satisfaction.
  • Coordinate staffing and/or RFPs for third parties to execute audit plan.
  • Issue all Internal Audit reports ensuring the reports are clear, concise, identify root causes with practical solutions and delivers value to management.
  • Meet regularly with the Audit Committee to report the status of Internal Audit’s ongoing monitoring activities, inform of internal and external emerging risks and/or exposures that should be considered
  • Proactively inform senior management of significant risk exposures related to internal controls, compliance, and/or governance requiring attention.
  • Actively participate in meetings to ensure that Internal Audit is well-informed of key business developments that could have an impact on audit priorities and plans.
  • Full understanding of and experience implementing FIDICIA Controls requirements, program policies, procedures, regulations, and applicable laws.
  • Maintain a team of high-performing audit professionals who possess outstanding knowledge, experience, ethics, and integrity.  
  • Maintain open communication with management and Audit Committee
  • Engage to continuous knowledge development regarding regulations, best practices, tools, techniques and performance standards.

DESIRED QUALIFICATIONS:
  • Bachelor’s degree from a 4-year, accredited institution, Accounting and Finance preferred
  • Certified Internal Audit (CIA) or Certified Public Accountant (CPA) required
  • 7 or more years’ experience in auditing with at least 3 years in a management role
  • Thorough knowledge of auditing standards, procedures, laws and banking regulations
  • Ability to interact effectively with all levels of management, regulators, and examiners while maintaining strict confidentiality
  • Proactive, hands-on results-driven management philosophy
  • Excellent professional and technical writing skills
  • Ability to effectively present information to staff, management, and the Board of Directors
  • Sound independent judgement

ADDITIONAL DUTIES:  For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.

PERKS/BENEFITS:
💼 Comprehensive health, dental, and vision plans
🌴 4 weeks PTO
💰 401k + company match
🚉 Metro SmartTrip benefits ($50/mo)
💻 WFH flexibility
🚴 Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
🍎 Paid subscriptions to Veterans Compost, Imperfect Foods and more!



Forbright Bank is committed to cultivating an environment that promotes diversity as a fundamental value. We welcome employees with a range of experiences, backgrounds, and perspectives. Forbright Bank is an Equal Opportunity Employer.
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