Director of Internal Audit Services

Ithaca, New York, United States
Competitive salary
23 Oct 2020
24 Oct 2020
Experience level

The Director of Internal Audit Services (IAS) directs and oversees the Internal Audit Services function, reporting directly to the Chairperson of the Company's Audit and Examining Committee (AEC) and administratively to the Company's Chief Risk Officer. The Director of IAS is responsible for development of the annual risk-focused audit plan and its timely execution, including providing guidance to members of the IAS department on setting objectives, scope and testing methodologies, and coaching as needed to assist IAS team members in achieving their individual goals/objectives. The Director of IAS also serves as the liaison for outsourced and co-sourced audit engagements and other initiatives throughout Tompkins, including advisory services, and oversees Sarbanes-Oxley Section 404 testing activities.


  • Develop an annual Audit Risk Assessment and oversee the execution of the annual Internal Audit Plan pursuant to established policies and procedures and regulatory requirements.
  • Develop and update appropriate policies and procedures applicable to the Internal Audit Services department.
  • Submit Requests for Proposals for outsourced audits (such as Information Technology) or those under the purview of the AEC (such as our external auditors). Review results to ensure costs are aligned with competency, and manage the process to ensure the appropriate stakeholders are involved.
  • Manage Internal Audit Services vendor relationships. Review contracts, schedules and coordinate outsourced audits.
  • Oversee annual quality assurance assessments of the internal audit function, including annual self-assessments.
  • Review audit field work prepared and audit issues identified, and provide review/coaching feedback to IAS staff as appropriate.
  • Implement best practices and procedures to improve the efficiency and effectiveness of IAS such as CAATs (Computer Assisted Auditing Techniques).
  • Review all final audit programs to ensure scopes are adequate, revisions are appropriate and adhere to policy.
  • Ensure that senior management has completed all corrective action for findings within the agreed upon timeframes.
  • Direct presentations to the Audit/Examining Committee (AEC): Report results of internal audits on all Company affiliates at regularly scheduled Audit/Examining Committee meetings; Report mitigated risk assessments for all completed audits; Report senior management's corrective actions to Internal Audit findings; Report and discuss the annual budget proposed by CRM; Report on progress of Internal Audit related duties; Provide any additional material as requested by the AEC.
  • Coordinate work with State and Federal examiners during the Company's bank examinations.
  • Oversee Sarbanes-Oxley Section 404 (SOX) activity as follows: Review SOX changes with management for adequacy and effectiveness; Review SOX testing performed by outsourced subordinates; and Coordinate the annual SOX testing with our external auditors.
  • Perform an annual risk assessment to determine if changes are required to the annual audit plan that includes SOX 404 test work.
  • Monitor and analyze department budget to identify budget needs and/or reductions and allocates department budget funds.
  • All other duties as assigned.


  • A Bachelor's Degree in Accounting, Business, Finance, or related field, or equivalent training/experience required.
  • Minimum of eight (8) years audit experience normally required with at least two years of direct management of an audit function. Bank auditing with emphasis in finance and investments highly preferred.
  • Advanced knowledge in applying professional auditing standards and practices (Institute of Internal Auditor's Internal Professional Practice Framework).
  • Advanced knowledge of internal control identification, evaluation and testing concepts under Sarbanes-Oxley and COSO.
  • Experience with preparing detailed technical reports.
  • Proficient interpersonal relations and communication skills (oral and written).
  • Ability to communicate effectively: build consensus, facilitate working sessions, and negotiate solutions and alternatives.
  • Experienced at applying advanced audit concepts and critical thinking skills to various departmental and Company initiatives.
  • Ability to appropriately plan and organize; administer and prioritize; monitor and evaluate the work flow of projects and activities.
  • Strong motivational and leadership skills.
  • Working knowledge of project management principles, concepts and practices.
  • CIA/CISA/CBA/CPA/CFSA certification preferred.

Equal Employment Opportunity/Affirmative Action Employer Tompkins Financial Corporation is committed to the hiring, advancement and fair treatment of all individuals without regard to race, color, creed, religion, age, sex, national origin, disability, veteran status, marital status, family status, gender identity or expression, sexual orientation, and genetic information, or any other protected status in accordance with applicable federal and state laws.