Job Description

: Exact compensation may vary based on skills, experience and/or education, and location. This position is also eligible for an annual bonus. Summary The Chief Audit Executive (CAE) is a senior level management position responsible for delivering audit assurance on a range of the financial and operational activities, across diverse business units within Citizens Business Bank (Bank) and CVB Financial Corp, ensuring the reliability and effectiveness of financial and internal controls. The CAE will focus on examining the internal control structure and design, as well as the operating effectiveness of key controls across the Company. The CAE directly supervises the Internal Audit Department and will report to the Audit Committee of CVB Financial Corp. The CAE role will ensure the execution of insightful audits, continuous risk assessments and value added reporting that detail findings and corrective actions to management, the Audit Committee, and other key stakeholders. The role will also maintain a complete, comprehensive and accurate auditable environment for the assigned areas of responsibility and ensure IA maintains appropriate focus on the risks and regulations unique to the Bank and CVB Financial Corp. Also, this role will be responsible for building and maintaining effective working relationships with Executives, Senior Team Leaders, and key stakeholders. Works closely with Executives and Senior Team Leaders on strategic priorities that include transformation, operational change, and enhancing risk management. This role will be leading a team of auditors, and will be responsible for supervising the Audit Department. Managerial duties include recruiting and attracting talent with required expertise to meet the risk profile of the Bank, developing talent, building an effective team, and managing the IA budget. Essential Duties and Responsibilities Execution

• Leads the strategic direction of Internal Audit function in the establishment of risk based auditing, which include reporting methodologies, organizational design and effective positioning of the function to ensure independent assurance that the Company's key financial and business controls are effectively designed and operating effectively. This is to be consistent and aligned with the Company's business objectives, strategic business plans, and all applicable regulatory and legal requirements. Complies with and stay abreast of all policies, procedures, federal and state laws/regulations applicable to the job.
• Develop the annual audit plan and direct comprehensive audit activities, in accordance with applicable standards, policies, and regulations. Develop enterprise risk assessment and oversees the planning, organization, direction, and control of financial, operational and lending audits for the Bank; develop audit objectives, design audit programs and schedules, including audit hours necessary for timely completion audits; ensures audit programs achieve objectives to safeguard Bank assets and ensure compliance with policies, procedures, regulations and laws. The plan should be responsive to and aligned with the risk profile of the Bank.
• Manage third party consultants in the execution of the audit plan both business process and IT related, including walk-throughs, controls testing, deficiency remediation, process improvement, operational audits, compliance monitoring, etc.
• Coordinate with CFO on the scoping efforts for management's SOX assessment and reporting on assessments of internal controls over financial reporting for the fiscal year-end for management's review. Also coordinate with CFO the updating and development of process documentation to support management's SOX assessment.

Communication

• Escalate significant issues and corrective actions, and coordinate the assessment and mitigation of emerging risks and issues with Executives and the Audit Committee.
• Make recommendations to management to mitigate risk in the areas of preventative actions, policies, procedures, documentation, or capitalizing upon other opportunities where the Company/Bank can improve upon its operations and internal control.
• Demonstrate the ability to collaborate across the Company/Bank to ensure proper management, communication and controls are in place to ultimately close all open audit issues leveraging Executive/Senior Management and the Audit Committee as needed.
• Meet regularly with the Audit Committee to report the status of Internal Audit's ongoing monitoring activities, educate/inform the committee of emerging risks and/or exposures (whether internal/external to the Company/Bank) that should be considered, and serve as a “thought leader” with respect to risk management, operations, financial accounting, and internal control best practices.

Leadership

• Develop and maintain effective working relationships with Executives, Senior Leaders, and stakeholders to develop potential solutions and help build consensus for transformation, operational change, and enhancing risk management. Actively participate in management meetings/committees to ensure that Internal Audit is well-informed of key business priorities that could have an impact on audit priorities/plans.
• Manage an Audit team, and recruit, develop, and build effective teams, and create succession plans. Performs talent management actions including performance appraisals, disciplinary actions, and interviewing candidates for employment; supervises the daily activities of department staff including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training; arranges daily department workflow to ensure audit schedules and deadlines are met.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the Company/Bank's reputation and safeguarding its customer and assets, by driving compliance with applicable laws, rules and regulations, adhering to policies, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing, and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
• Optimizes utilization of both internal and external resources to perform and oversee the execution of individual audits defined in the audit plan ensuring the highest level of service quality and customer satisfaction. Coordinates audit plans/programs with regulatory examiners.

Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Advanced knowledge of banking industry financial accounting, operations and lending functions and services; related state and federal laws and regulations, and other banking related operational policies and procedures. Excellent organizational and time management skills with the ability to provide leadership, supervision and training for one or more employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills. Education and/or Experience Bachelor's degree in Business, Accounting, or Finance and 15 years related experience. Work related experience should consist of an audit background in financial institution operations, lending and financial reporting. Language Skills Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries from business units, board of directors, management or regulatory agencies. Ability to effectively present information to senior management, examiners, and boards of directors. Mathematical Skills Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. Reasoning Ability Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. Computer Skills To perform this job successfully, an individual should have knowledge of Word, Excel, PowerPoint and Microsoft Access. Certificates, Licenses, Registrations Current driver's license. CPA, ACA, CFA, CIA, CISA or similar preferred. Other Qualifications Must be able to travel 25% to 35% of the time. Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee is frequently required to sit and reach with hands and arms. The employee is occasionally required to stand; walk and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision and ability to adjust focus. Work Environment The 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. The noise level in the work environment is usually moderate. Salary Range: $100,000.00 To 1,000,000.00 Annually 40 hours per week.

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