Internal Auditor Internal Auditor …

Cathay Bank
in El Monte, CA, United States
Permanent, Full time
Be the first to apply
Cathay Bank
in El Monte, CA, United States
Permanent, Full time
Be the first to apply
Internal Auditor
Menu Chief Internal Auditor/Chief Audit Executive El Monte, CA, USA Req #782 Tuesday, April 7, 2020

About Cathay Bank

More than half a century ago, we opened our doors at Cathay Bank to serve the growing Chinese American community in Los Angeles. We helped our customers put down new roots with cars and homes, and we supported their businesses, which continue to sustain generations. We remain committed to enriching the journeys of our customers and the diverse communities we serve.
Over time, weve expanded along with our customers. Today, were a subsidiary of Cathay General Bancorp (NASDAQ: CATY), a publicly held bank holding company. We operate in nine states across the United States, including California, New York, Illinois, Washington, Texas, Maryland,Massachusetts, Nevada, and New Jersey, and we have outposts in Hong Kong, Beijing, Shanghai and Taipei. Forbes named us the #10 Best Bank in America in 2019. Along with our extensive experience and innovative thinking, we bring an open mind to every interaction and a willingness to work with customers and communities in ways that best suit their needs. Our lines of business include personal banking, home mortgages, business banking, corporate lending, cash management, SBA loan programs, community lending, international banking, foreign exchange, and wealth management.

Whats Next

Are you passionate about a potential career in the financial services industry? Cathay Bank is excited about whats to come for our company and customers. Our employees are the reason our customers can get where they want to go and aspire to whats next. If you bring your best self to work, see opportunities instead of obstacles, and always want to advance in your career, then Cathay Bank may be a great fit for you. Were excited to offer our employees opportunities to grow and develop in their

career journey. We also provide the resources, support and freedom so that employees can best deliver an extraordinary customer experience. Join Cathay Bankand be energized by whats possible for your career!


The Chief Internal Auditor reports directly to the Audit Committee and on a dotted line basis to the Chief Risk Officer. The Chief Internal Auditor serves in an advisory capacity to the Audit Committee, board and senior management.

Under the general direction of the Audit Committee, plans, develops, prioritizes, and coordinates the operational, IT, regulatory compliance, financial, and fraud audits of branch offices, operations administration departments, administrative departments, lending departments, information technology and other business functions of Cathay Bancorp Inc. and its subsidiaries. Assures regulatory developments, recent accounting releases, technological advances and corporate business objectives are incorporated, as appropriate, into the administration of the Audit function. The audits may cover functional or organizational activity, with emphasis on sensitive, higher risk or complex areas.

Through subordinates, the Chief Internal Auditor ensures implementation and execution of the approved annual audit plan. The Chief Internal Auditor is also responsible for management of the Banks SOX program. The Chief Internal Auditor, along with the Audit Managers and the SOX Compliance Manager, are responsible for developing, managing and mentoring all members of the Internal Audit and SOX staff. The Chief Internal Auditor effectively manages the Internal Audit and SOX activity to ensure it adds value to the organization and is in compliance with applicable bank policies and procedures and applicable laws.


The incumbent supervises, directly or through subordinates, the entire staff of the department.


1. Leads in the development of a strategic risk-based annual audit plan. Communicates the internal audit plans and resource requirements, including interim changes, to the Audit Committee for review and approval and to the board.

2. Directly and through subordinates, manages and directs an effective and timely execution of the audit plan and the SOX plan.

3. Provides leadership, administration, training, direction and guidance for all Internal Audit and SOX staff and the Audit and SOX activities of the Bank.

4. Ensures resources of the Internal Audit and SOX departments are efficiently and effectively deployed. Manages relationships with any co-sourced or outsourced audit service providers. Shares information and coordinates activities with other internal and external providers of relevant assurance and consulting services to ensure sufficient coverage and minimize duplication of efforts while managing cost.

5. Establishes risk-based plans to determine the priorities of the Internal Audit Department, consistent with the organization goals.

6. Identifies and assesses internal control weaknesses, audit exceptions and inefficiencies, and makes recommendations for improvement.

7. Ensures that timely and accurate reports are provided to the Audit Committee summarizing audits conducted, significant findings, status of corrective actions, progress on the audit schedule and status of examinations conducted by regulators and external auditors. Reporting should also include significant risk exposures and control issues, corporate governance issues, and other matters needed or required by the Audit Committee, board and senior management.

8. Evaluates and recommends procedures and internal controls to ensure compliance with laws, policies and procedures. Competently investigates fraud.

9. Establishes policies and procedures to guide the internal audit activity. Ensures that audit policies and procedures are kept current in applicable policy manuals.

10. Maintains the independence and freedom from interference in determining the scope of internal audits, performing work, and communicating results.

11. Obtains competent advice and assistance to resolve issues if the Internal Audit staff lacks the knowledge, skills, or other competencies needed to perform all or part of the audit activity.

12. Establishes credibility within the Bank and develops and fosters partnerships with business line management.

13. Performs special projects as directed by the Audit Committee or executive management as appropriate.


BA/BS in accounting, finance, business, or related discipline. CPA preferred.

Certified Internal Auditor (CIA) designation preferred.

At least 8 to 10 years related work experience, including at least five years of internal or external audit management experience with increasing levels of responsibility, preferably in banking.

Familiarity with Federal and State banking regulations.

Demonstrated effective oral and written communications skills, and analytical skills with the demonstrated ability to deal effectively with all levels of management.

An effective understanding of, and the ability to work effectively within an IT-oriented business environment, including a demonstrated knowledge concerning the use of PC applications.

An effective understanding of computer assisted audit techniques.

The ability to perform assigned duties with little supervision.

The willingness and ability to travel, including occasional overnight assignments.

Strong conceptual and analytical skills necessary to evaluate the functions, operations, and activities of Cathay Bancorp, Inc. and its subsidiaries, Strong organizational and supervisory skills necessary to motivate, develop, and supervise the Audit and SOX staff. Diplomacy and ability to keep confidences a must.

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our .

Cathay Bank is an equal opportunity employer. It is the Banks policy to provide equal employment opportunities to all qualified applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Cathay Bank endeavors to make accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Lori Burquez, VP, Sr. Employee Relations Manager, at (626) 279-3666 or . This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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Other details
  • Pay Type Salary
  • El Monte, CA, USA
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