Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central, Eastern and Northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets.

Job Title: Senior Internal Audit Officer

FLSA Status: Exempt

Department: Audit

Hours of Operation: Approximately 45 hours per week; more during seasonal and special project demands           

General Job Summary: 

The Senior Internal Audit Officer is primarily responsible for planning and executing audits of the Bank’s financial, operational and/or regulatory compliance areas and will also perform testing of the effectiveness and efficiency of internal controls over financial reporting in accordance to the Sarbanes-Oxley Act. The auditor will submit written reports of audit findings with meaningful recommendations to help management ensure adequate internal controls are operating effectively and that the Bank is in compliance with banking laws and regulations.

Organizational Duties and Responsibilities:

• Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.
• Supports all functions that maintain compliance with regulatory agencies.

Essential Duties and Responsibilities:

• Completes internal audits of financial, operational and/or regulatory compliance areas of the Bank, including documenting findings and recommendations:
• Evaluates the adequacy and effectiveness of internal controls and compliance with policies and procedures
• Performs specific audit procedures and prepares workpapers supporting and concluding on audit procedures performed
• Submits formal written audit reports describing audit findings, the risk/effect, and meaningful practical recommendations or corrective action steps

• Reviews the design and tests the operating effectiveness of internal controls over financial reporting in accordance with the Sarbanes-Oxley Act
• Assists external auditors with the annual financial audit
• Assists with bank examinations as assigned
• Conducts special projects and other duties as assigned
• Attend relevant training (a minimum of 30 relevant CPE hours per year)

Working Conditions: Occasional travel to branch locations and off-site training

Minimum Job Requirements:

Education: BA/BS degree in accounting or a related business field or equivalent work experience with bank auditing

Experience:

• 4+ years of internal or external auditing experience
• Bank audit experience preferred
• Public accounting experience preferred

Comprehensive Skills:

• Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts
• Employees must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others
• Employees must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures
• Employees should also be flexible to changing working situations and able to meet deadlines as they arise

Specific Skills:

• Ability to work independently in a fast-paced, deadline-driven environment
• Ability to read and research FDIC or FFIEC regulations and manuals, develop audit work programs using research tools, and perform testing to ensure compliance with bank policies and procedures
• Ability to multi-task and prioritize work to meet deadlines and time budgets
• Ability to maintain discretion, independence and objectivity
• Ability to build trust and develop positive working relationships with all levels of management and staff
• Must have the ability to interview employees and ask questions to determine root causes of deficiencies in order to make meaningful recommendations
• Strong planning, project management and organizational skills
• Ability to take ownership of assigned audits and produce quality work and show initiative in staying abreast of new regulations or best practices
• Strong analytical skills with the ability to summarize information, identify trends, reach conclusions, and make recommendations to reduce future deficiencies

Specialized:

• Proficiency in application of internal auditing theory, standards, documentation, procedures and techniques
• Extensive knowledge of bank policies and procedures
• Knowledge of Sarbanes-Oxley Act section 404
• Knowledge of various banking regulations
• Knowledge of generally accepted accounting principles
• At least moderate experience with MS Word and Excel
• Experience using paperless audit work papers preferred

Licenses:

• CPA, CIA, CRCM or other accounting / auditing / compliance certifications preferred
• Alternatively, a willingness to obtain a relevant certification within 12-24 months of employment

Physical requirements:

The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Primarily sedentary work performed in an office environment
• Ability to sit for extended periods of time while working at a computer
• Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment
• Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person
• Visual acuity sufficient to read computer screens, printed documents, and financial data
• Occasional standing, walking, bending, or reaching
• Ability to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies)

Benefits:

• 401(K) with a company match of up to 6%
• ESOP employer match
• Medical insurance
• Dental insurance
• Vision insurance
• Cancer/Disease insurance
• Accident insurance
• Flexible Spending Accounts
• Flexible Savings Accounts
• Health Savings Accounts
• Bank paid Life/AD&D insurance
• Voluntary Life/AD&D insurance
• Bank paid Short-Term and Long-Term Disability insurance
• Employee Stock Purchase Plan
• Employee Assistance Program