Thread Options
|
#110058 - 08/26/03 10:02 PM
Audit Staff numbers
|
Anonymous
Unregistered
|
We are a 150M bank with only one employee in the department. Is this about standard for the industry?
|
Return to Top
|
|
|
|
#110059 - 08/26/03 10:04 PM
Re: Audit Staff numbers
|
Gold Star
Joined: Apr 2001
Posts: 331
Edinburg, Texas
|
You are lucky if you are full time auditor for a 150 million bank.
We are 750 million with me as full time auditor and one audit clerk who is parttime college student.
|
Return to Top
|
|
|
|
#110060 - 08/26/03 11:58 PM
Re: Audit Staff numbers
|
100 Club
Joined: Jul 2002
Posts: 220
North
|
We are at 180 million and our Audit Department consists of only one person who is also the Compliance officer to boot. During our last FDIC exam (under the new guidelines) the comment was made that we should look into additional staff, at least a part-time assistant but I don't see that happening soon!
|
Return to Top
|
|
|
|
#110061 - 08/27/03 02:11 PM
Re: Audit Staff numbers
|
Power Poster
Joined: Aug 2002
Posts: 3,275
Quadrupletville, Texas
|
I am Auditor/Compliance Officer at our 250mm bank. i don't know if it is standard or not, but it sures takes up my time doing both jobs, and sometimes get behind....
_________________________
"I don''t make jokes. I just watch the government and report the facts." - - Will Rogers (still relevant today)
|
Return to Top
|
|
|
|
#110064 - 08/27/03 05:53 PM
Re: Audit Staff numbers
|
10K Club
Joined: Sep 2002
Posts: 13,965
TN
|
We are a $500 million dollar holding company with 2 banks. We have one compliance officer (me), one internal auditor, one internal audit assistance, and one security officer.
_________________________
My Opinions Only
|
Return to Top
|
|
|
|
#110065 - 08/27/03 07:27 PM
Re: Audit Staff numbers
|
Gold Star
Joined: Dec 2001
Posts: 292
New England
|
We are a 400 million dollar community bank with 10 branches. We process data in-house. We have a full-time compliance officer with a full-time asssitant, a full-time auditor with full-time assistant, and a security officer who also has other duties. We engage consultants for commercial loan review since we have a large commercial portfolio.
_________________________
My opinions are not legal advice, not my employer's, and may change anytime.
|
Return to Top
|
|
|
|
#110066 - 08/27/03 08:08 PM
Re: Audit Staff numbers
|
Anonymous
Unregistered
|
over 900 million and 40 branches. We have 3 auditors but we aren't at the same location. Spread out to help cover the entire bank.
|
Return to Top
|
|
|
|
#110068 - 08/27/03 09:23 PM
Re: Audit Staff numbers
|
Platinum Poster
Joined: Jun 2002
Posts: 771
South
|
You're kidding, right?
Just over 345 million with 11 physical branches & audit staff of 2.
_________________________
CAMS
|
Return to Top
|
|
|
|
#110069 - 08/28/03 04:43 PM
Re: Audit Staff numbers
|
Gold Star
Joined: Mar 2001
Posts: 293
Too Far From the Beach
|
We're about $160 mill. I have one full time assitant with little experience. Our department handles internal audit, compliance, loan review, internal consulting, fraud investigations, and filing SARs. I know that I am lucky to have an assitant but . . . we are still swamped.
_________________________
If you keep living straight from the heart, you will know when to stop and to start.
|
Return to Top
|
|
|
|
#110070 - 08/28/03 05:21 PM
Re: Audit Staff numbers
|
Platinum Poster
Joined: Jul 2002
Posts: 832
|
We are 155MM and I am the Internal Auditor/Compliance Officer.
_________________________
Marilyn, CRCM
I'd rather be fishing.
|
Return to Top
|
|
|
|
#110071 - 08/28/03 09:36 PM
Re: Audit Staff numbers
|
Member
Joined: Apr 2003
Posts: 79
Lincoln, Nebraska
|
We are a $500 million bank and I am the lone control/compliance/IT auditor and we have 1 person who is compliance officer/security officer/about 5 other titles
_________________________
Void where prohibited, prohibited where void, void and prohibited where not allowed.
|
Return to Top
|
|
|
|
#110074 - 08/29/03 09:31 PM
Re: Audit Staff numbers
|
Gold Star
Joined: Dec 2002
Posts: 345
New England
|
We are over $6OO mil. We used to have an audit director, a staff auditor and audit assistant. Now we outsourced IA and have compliance officer, outsourced loan review, a risk officer and we picked up in house legal counsel.
_________________________
Its risky business, but someone has to do it.
|
Return to Top
|
|
|
|
#110075 - 08/29/03 11:43 PM
Re: Audit Staff numbers
|
100 Club
Joined: May 2003
Posts: 234
Almost Heaven
|
we are close to 500mil with one auditor, one assistant, and the feds "want" us to hire another. do any of you run into this with the feds? <><
|
Return to Top
|
|
|
|
#110076 - 09/02/03 06:07 PM
Re: Audit Staff numbers
|
Gold Star
Joined: Dec 2002
Posts: 345
New England
|
That's why I was initially hired. There was one Audit Director and one assistant. I think they pushed for a CPA, too.
_________________________
Its risky business, but someone has to do it.
|
Return to Top
|
|
|
|
#110077 - 09/02/03 10:09 PM
Re: Audit Staff numbers
|
Anonymous
Unregistered
|
We're $700 million, 10 branches. I'm the audit manager and have a staff of 2 auditors. We also have 2 compliance officers (deposit & loans), two compliance assistants, and 2 security officers.
|
Return to Top
|
|
|
|
#110078 - 09/03/03 01:29 PM
Re: Audit Staff numbers
|
Platinum Poster
Joined: Mar 2002
Posts: 942
Kentucky
|
We're $120 million with one internal auditor, one compliance officer (me), and one "assistant" that was just assigned to me. Actually, I think we're overstaffed, as the assistant has yet to actually perform any compliance duties.
_________________________
Opinions expressed are mine and not necessarily that of my employer.
|
Return to Top
|
|
|
|
#110079 - 09/03/03 02:53 PM
Re: Audit Staff numbers
|
Anonymous
Unregistered
|
We are a $250 million bank. One CIA, an Assistant (me) and one Compliance Officer....which we are trying to figure out what he does all day because he isn't helping us out!
|
Return to Top
|
|
|
|
#110080 - 09/03/03 03:11 PM
Re: Audit Staff numbers
|
100 Club
Joined: Apr 2001
Posts: 205
Dallas
|
$500MM+ w/11 locations. One auditor and one assistant auditor. Part time compliance officer with one full time assistant; however, we use a compliance committee comprised of representatives of each functional area in order to push the responsibility closer to the day to day activities.
Some observations from when I was an examiner...We would normally see the compliance / audit functions combined for banks under $100MM. Somewhere between $100MM and $250MM we would see these functions split. Somewhere between $250MM and $500MM an assistant was normally thrown into the mix, both audit and compliance.
Of course, more than asset size, you have to look at number of branches; number and type of subsidiaries; type of activities, which will impact your scope (i.e. in-house data processing, network, internet banking, trust department, nondeposit investment sales, etc.); how much is outsourced; is internal audit involved with reviewing activities such as macro risks (i.e. interest rate risk management, liquidity management, credit risk and loan portfolio management, etc.); etc.
_________________________
My opinions are just that...my opinions.
|
Return to Top
|
|
|
|
#110081 - 09/03/03 03:19 PM
Re: Audit Staff numbers
|
Gold Star
Joined: Dec 2001
Posts: 292
New England
|
Risk officer,
Thank you for the observations from your examiner experience.
Note to other present or former examiners, your experiences and observations will be helpful as well. Please add your replies.
_________________________
My opinions are not legal advice, not my employer's, and may change anytime.
|
Return to Top
|
|
|
|
|
|