Senior Auditor

Who We Are

At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.

With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!

Position Overview

The Senior Auditor, Internal Audit is responsible for leading and executing risk-based internal audit engagements across the Bank’s operations. This role provides independent and objective assurance over the effectiveness of governance, risk management, internal controls, regulatory compliance, and operational processes while also offering practical recommendations that strengthen the control environment and support responsible business growth.

This position reports to the Vice President, Internal Audit Manager and works closely with business leaders, control owners, outsourced internal audit partners, external auditors, and other stakeholders across the three lines of defense. The successful candidate will demonstrate strong audit judgment, professional skepticism, effective communication, intellectual curiosity, and a commitment to continuous improvement.

Essential Job Functions

Lead and execute internal audit projects from planning through reporting, including scope development, walkthroughs, control evaluation, testing, issue development, and follow-up.

Perform audits across financial, operational, compliance, regulatory, branch and internal control areas within a financial services environment.

Evaluate the design and operating effectiveness of internal controls, including controls supporting financial reporting, FDICIA/SOX readiness, regulatory compliance, operational processes, and governance expectations.

Develop audit procedures, testing approaches, workpapers, and conclusions that are clear, well-supported, and aligned with department methodology and applicable professional standards.

Identify control gaps, process inefficiencies, policy or procedure exceptions, and emerging risks; perform root cause analysis and develop practical, risk-based recommendations.

Prepare clear audit reports, committee-ready summaries, and management communications that accurately describe the audit scope, conclusions, findings, risk ratings, and agreed-upon corrective actions.

Monitor and validate management’s remediation of audit findings, regulatory examination matters, third-party assessments, and other control improvement commitments.

Coordinate with outsourced audit partners, external auditors, and business process owners to support efficient audit execution, evidence gathering, issue validation, and timely completion of deliverables.

Use data analytics, reporting tools, and audit technology to identify trends, anomalies, risk indicators, and opportunities to improve audit coverage and efficiency.

Support the development and ongoing maintenance of the risk-based Internal Audit Plan by contributing risk insights, business knowledge, and awareness of changes in products, systems, regulations, and the external environment.

Review work performed by staff auditors or project team members, provide coaching and feedback, and help develop audit skills across the department.

Maintain and enhance Internal Audit procedures, templates, quality practices, and documentation standards to support consistency, efficiency, and audit readiness.

Participate in special projects, advisory reviews, change initiatives, and other departmental priorities as assigned.

Demonstrate excellent verbal and written communication skills, preparing clear audit reports and committee summaries.

Collaborate effectively and build strong relationships across the three lines of defense, educating stakeholders on risk and control concepts.

Exhibits integrity by upholding high ethical standards and promoting a culture of accountability and excellence.

Minimum Requirements

Bachelor’s degree in Accounting, Finance, Business Administration or related field; and three or more years of internal audit, risk advisory, compliance, accounting or financial services control experience; or equivalent combination of education and experience.

Competencies

Experience auditing or evaluating banking, financial services, risk management, internal control, regulatory compliance, or operational processes.

Strong understanding of internal controls, risk assessment, audit methodology, financial reporting concepts, and governance practices.

Familiarity with professional frameworks and standards such as the Global Auditing Standards, COSO Internal Control Framework, and applicable banking regulatory expectations.

Ability to develop audit programs, document work performed, evaluate evidence, identify exceptions, and support conclusions with clear, objective rationale.

Strong written and verbal communication skills, including the ability to present audit results and recommendations to management in a clear and professional manner.

Demonstrated ability to manage multiple priorities, meet deadlines, exercise sound judgment, and work independently and collaboratively in a dynamic environment.

Proficiency with Microsoft Office, including Excel, Word, and PowerPoint.

Exceptional communication and interpersonal skills.

Demonstrated ability to work effectively in a team-oriented, fast-paced environment

Preferred, but not required

Professional certification or progress toward certification, such as CPA, CIA, CFSA, CFE, CRCM, or a comparable risk, audit, accounting, or compliance credential.

Prior experience in a bank, financial institution, public accounting firm, risk advisory practice, or regulatory environment.

Experience with FDICIA, SOX testing, financial reporting controls and other banking-related processes.

Experience using audit management systems (Workiva), data analytics tools, visualization tools or similar technology to enhance audit planning and execution.

Experience supervising, coaching, or reviewing the work of junior auditors or project team members.

NOTE: This job description is not intended to be all-inclusive. Employee may perform other duties as assigned to meet the ongoing needs of the organization.

Location Details

This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Actual schedule requirements may vary based upon business needs.

Compensation & Benefits

Base pay: $78,000 - $110,000

Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent’s knowledge, skills and experience.

Benefits: How We Support You - Old Second

Thanks for considering Old Second!