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Job Details

VP Audit Specialist

Company name
Mb Financial Bank

Rosemont, IL

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The Audit Specialist has the primary responsibility for planning and designing assigned audits/projects, directing and supervising the field work of assigned audit supervisors, senior auditors and/or staff auditors providing technical assistance to Bank management when required and performing integrated financial, operational, IT and compliance audits/projects of greater complexity. Acts as a subject matter expert on matters with a high degree of complexity, and reviews the work of others; position also may have a dotted-line reporting relationship to managers of specific engagements on larger projects.


These are the most significant job duties performed. The size, scope and complexity of assigned duties and responsibilities are dependent on the level and experience of the incumbent. To perform this job successfully, an individual must be able to perform each assigned essential duty satisfactorily. Other responsibilities or special projects not specifically mentioned may also be assigned. Researches, designs, and participates in the development and/or implementation of new or converted products, programs or systems as required to a) ensure adequate attention to risk management and internal controls and b) contribute to the Company’s ongoing efforts to improve quality, increase efficiency and more effectively utilize technology. In addition, for selected new initiatives (i.e. products, programs, or systems) performs post implementation reviews to assess achievement of key management objectives and prepares applicable formal written project reports, in close to final form.

Plans the audits of assigned areas including the preparation of audit/project programs, time budgets and risk assessments.

Documents the system of internal controls through flowcharts and narratives and evaluates the system for effectiveness and adequacy.

Evaluates risk and appraises its impact on the allocation of resources and the design and scope of audit/project procedures.

Develops effective audit/project programs including the design of all audit/project procedures and the sample sizes selected for testing.

Directs the activities of assigned senior audit supervisors, audit supervisors, senior auditors, associates and interns and reviews and supervises their fieldwork and ensures proper completion of the audit/project.

Prepares comprehensive and accurate work papers and/or review and approve staff work papers substantiating the audit work performed and the conclusions reached.

Maintains audit time records and monitors performance against approved audit time budgets.

Prepares and discusses audit/project observations and related audit/project recommendations with auditees to ensure proper disposition.

Prepares formal written audit/project reports, in close to final form.

Directs selected, and attends all, planning meetings, audit status meetings and exit conferences with auditees for audit this position leads .

Monitors the status of the implementation of agreed upon audit recommendations.

Performs audits/projects and/or audit/project procedures in areas of greater complexity.

Performs internal control testing and prepares required documentation as assigned to assess the Company’s compliance with the provisions of Section 404 of the Sarbanes Oxley Act.

Provides on the job training to assigned senior audit supervisors, audit supervisors, senior auditors, associates, interns and audit assistants.

Performs periodic performance evaluations of assigned audit specialists, senior audit supervisors, audit supervisors, senior auditors, associates and/or interns as required subsequent to the completion of applicable individual audits/projects.

Ensures that all audits/projects supervised conform to high professional standards.

Assists the external auditors and regulatory authorities in the performance of their examinations.

Consults with Company Management as required on internal control and risk management matters.

Assists the Director and Senior Audit Managers in selected technical and administrative activities including presentations to the Audit Committee, appraisal of actions taken by management, etc.

Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management. Required to successfully complete all required Compliance training.

Continuously supports the Bank’s Mission Statement and Core Values.

Supervisory Responsibilities

This position has supervisory responsibilities but generally has no formal direct reports. Responsibilities include training employees; planning, assigning, and directing work as the in-charge on the audit; appraising performance; addressing complaints, coaching for performance and resolving problems.

Incumbents in this position with direct supervisory responsibilities carry out these responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints, coaching for performance and resolving problems.


The requirements listed below are representative of the knowledge, skill, and/or ability required to perform this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Bachelor's degree in accounting, finance or other business major and minimum 10-15 years of related experience in banking and/or prior experience in bank internal auditing; or equivalent combination of education and experience.

MBA is a plus.

Knowledge and experience with audit data analytics tools and/or audit software tools, in particular Teammate, is a plus.

• Local travel between branches or other locations required occasionally.

• Non-local travel estimate is 5 - 20% per year.

Certificates and Licenses

Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) designation preferred.

Job –Specific Knowledge

To perform this job successfully, the individual needs to demonstrate knowledge of these areas as they relate to the primary functions of the job. Business Analysis

– demonstrated experience with identifying trends and tracking key deliverables and risks such as: costs associated with proposed changes to programs and systems; and effectiveness of programs year-over-year in improving overall performance and achieving desired business results.

Customer Service

- Highly professional demeanor and etiquette. Utilizes various interpersonal styles and communication methods to positively assist and influence customers.

Finance & Accounting

- Intermediate/Advanced knowledge of accounting principles, bank accounting and general ledgers, operating procedures within accounting/finance area, applicable laws, regulations and practices, financial markets, financial analysis, and reporting of financial data.

Operational/Regulations Processes

– Knowledge of resources allocation, organization’s policies, regulations, objectives, and initiatives according to the job’s responsibilities. Ability to audit operational processes properly, and recommend process improvements and/or changes.

Project Management

- Knowledge of project coordination, identification of business needs, work plan, budget control, time management, resource allocation, team management and status reports. Must demonstrate leadership, logic, and reasoning skills. Identify risks/issues affecting project work progress and recommend solutions.


- Knowledge of Auditing, Compliance and Risk Management processes and procedures including an understanding of applicable local and federal laws and regulations. Be alert for signs or “red flags” for potential fraud.


To perform the job successfully, an individual should demonstrate the following competencies. Strong financial reporting skills and knowledge of IIA Standards.

Advanced user of Windows applications and Microsoft Office programs such as Word, Excel, PowerPoint, and Outlook.

Knowledge of Teammate Audit Software tool is a plus.

Quickly learns and achieves proficiency in new software applications as needed. Analytical Skills

Produces unambiguous, comprehensive and accurate interpretations.

Develops insightful, value-added and actionable analyses with detailed explanations regarding drivers of those results.

Identifies opportunities to increase accuracy and optimize resources and develops / recommends / implements solutions.

Composes thorough and detailed written documentation.

Writes clearly and informatively. Edits work for spelling and grammar.

Presents organized and thorough information and data appropriate for intended audience.

Utilizes variety of interpersonal styles and communication methods to effectively adapt to new work structures, processes, or cultures.

Demonstrates group presentation skills and excellent negotiation skills to deal effectively with individuals and groups within and outside the organization.

Demonstrates follow-up skills.

Provides timely and professional support to all internal/external customers and vendors.

Prioritizes regular workload, special tasks and concurrent projects, allocating time and resources to ensure that work is completed accurately and efficiently within established time frame.

Self-motivated. Team-oriented. Works with minimal supervision.

Ability to work independently and in a team environment.

Consults with Team members and management as needed to complete assigned responsibilities.

Establishes and maintains effective, collaborative work relationships both internally and externally.

Effective organizational, leadership, interpersonal and presentation skills.

Strong business focus with demonstrated ability to act in partnership with management teams.

Proven leadership and collaboration skills with the ability to effectively supervise, coach and influence employees.


The physical demands and work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands

While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel; and to talk or hear.

The employee is frequently required to stand; walk; sit in an office / cubicle work space with moderate noise level during normal business hours with occasional extended hours as needed (which may include nights and/or weekends).

This job is frequently fast-paced and deadline sensitive and stress levels may increase due to seasonality and/or job scope/special projects and/or during peak times.

• Local travel between branches or other locations required occasionally.

• Non-local travel estimate is 5 - 20% per year.

MB Financial is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

As a part of the MB Financial hiring process all applicants will be required to submit to and pass a pre-employment urine drug screening.


Company info

Mb Financial Bank
Website :

Company Profile
MB Financial Bank N.A. is a Chicago-based commercial bank with approximately $19 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB Financial Bank offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success.

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