Director of Fdicia and Internal Controls - Baltimore, United States - CFG Bank

CFG Bank

Verified Company

Baltimore, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

COMPANY SUMMARY:

CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region.

As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $5 billion in assets by 2023.

With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service.

Recognized as "Best Place to Work" by the Baltimore Business Journal in 2022 and 2023, our primary goal is making each team member feel choosing CFG Bank was their best career decision.

Join us for professional growth and a positive work environment that sets CFG Bank apart.

***: As the Director of FDICIA & Internal Controls at CFG Bank, you will report to the Chief Financial Officer. You will partner with the Internal Audit team and will be responsible for overseeing the FDICIA process from start to finish. The role would also be focused on ensuring the completeness, accuracy, and relevance of controls surrounding financial reporting and compliance with regulatory requirements, including primarily FDICIA. You will monitor FDICIA findings centrally tracked by Risk Management, and collaborate with those responsible for addressing the findings, updating the responses, and monitoring the progress through completion or remediation.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Monitor all FDICIA findings including the source and timing of the finding from inception through completion or remediation.
Assist the Chief Financial Officer with the reporting of the status of any FDICIA findings and corrective actions to the Audit Committee and the risk management team.
Develop and assist financial management in the implementation of strategies to strengthen internal controls related to financial reporting processes, ensuring adherence to FDICIA.
Meet with process owners, review each FDICIA control for relevance and accuracy; edit, or develop controls as appropriate.
Work with the Director of Technical Accounting and Capital to develop new controls where none existed for new processes and products and delete controls for processes that are no longer relevant.
Stay abreast of evolving regulatory standards and industry best practices to proactively enhance the internal control environment.
Provide guidance and leadership to the internal controls posture, fostering a culture of accountability, integrity, and continuous improvement.
Ensure alignment with business and control objectives Audit Committee and regulatory expectations.
Perform walkthroughs of each control, as appropriate.
Coordinate with external auditors, regulatory examiners, and Internal Audit during audits and examinations, facilitating the timely resolution of issues and inquiries.
Participate in crossfunctional projects and initiatives to assess and mitigate risks associated with new products, systems, or processes.

QUALIFICATIONS AND REQUIREMENTS:

Bachelor's degree in accounting, finance, or a related field; advanced degree preferred.
CPA (Certified Public Accountant) or CIA (Certified Internal Auditor) certifications are encouraged.
Minimum of 5 years of relevant experience in internal controls, audit, or risk management, in the banking or financial services industry.
Strong understanding of FDICIA, SOX, and other regulatory requirements impacting internal controls around financial reporting.
Excellent analytical skills, attention to detail, and ability to effectively communicate with stakeholders at all levels.
Strong, balanced relationship skills to collaborate across business lines and obtain necessary information from colleagues, affiliates and 3rd parties, as appropriate.

WORK ENVIRONMENT:
We offer a hybrid schedule, with 3 days inoffice and 2 days remote after the initial 90-day period.