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#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?

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#110059 - 08/26/03 10:04 PM Re: Audit Staff numbers
zitch70 Offline
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.

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#110060 - 08/26/03 11:58 PM Re: Audit Staff numbers
Jayda's Mom Offline
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!

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#110061 - 08/27/03 02:11 PM Re: Audit Staff numbers
Quadspapa Offline
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Quadspapa
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....
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#110062 - 08/27/03 02:16 PM Re: Audit Staff numbers
LinMarie Offline
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LinMarie
Joined: Nov 2001
Posts: 243
We are at $300 million with 11 branches with an audit department of one.

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#110063 - 08/27/03 02:46 PM Re: Audit Staff numbers
DawgFan Offline
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DawgFan
Joined: Jul 2002
Posts: 1,678
United States
Quote:

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 am in the same position as you, my bank is smaller, around 160 million.
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#110064 - 08/27/03 05:53 PM Re: Audit Staff numbers
Skittles Online
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Skittles
Joined: Sep 2002
Posts: 13,963
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.
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#110065 - 08/27/03 07:27 PM Re: Audit Staff numbers
rexinaudit Offline
Gold Star
rexinaudit
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.
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#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.

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#110067 - 08/27/03 08:52 PM Re: Audit Staff numbers
Joe Offline
Member
Joe
Joined: Aug 2003
Posts: 74
Overseas
Over 200 million and 39 branches. We are in total 15 auditors, including IT. Do you think that we are too many ??

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#110068 - 08/27/03 09:23 PM Re: Audit Staff numbers
AnnRoy Offline
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AnnRoy
Joined: Jun 2002
Posts: 771
South
You're kidding, right?

Just over 345 million with 11 physical branches & audit staff of 2.
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#110069 - 08/28/03 04:43 PM Re: Audit Staff numbers
Last Mango Offline
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.
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#110070 - 08/28/03 05:21 PM Re: Audit Staff numbers
Walleye Woman Offline
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Walleye Woman
Joined: Jul 2002
Posts: 832
We are 155MM and I am the Internal Auditor/Compliance Officer.
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#110071 - 08/28/03 09:36 PM Re: Audit Staff numbers
Go Royals Offline
Member
Go Royals
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
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#110072 - 08/29/03 03:57 PM Re: Audit Staff numbers
jnelson Offline
Member
jnelson
Joined: Aug 2003
Posts: 58
WI
The bank I work for is approximately $100 million. I am responsible for Auditing/Compliance/Loan Review

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#110073 - 08/29/03 07:30 PM Re: Audit Staff numbers
baseballfan Offline
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baseballfan
Joined: Aug 2003
Posts: 169
Midwest
We are a $500 million org and have 1 Compliance Officer/Internal Auditor (supervisor of department), I am an Internal Auditor, and we have 1 Quality Control Auditor. My job was created due to the last exam report, it wasn't what they wanted to do.

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#110074 - 08/29/03 09:31 PM Re: Audit Staff numbers
Red Offline
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Red
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.
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#110075 - 08/29/03 11:43 PM Re: Audit Staff numbers
jason Offline
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?
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#110076 - 09/02/03 06:07 PM Re: Audit Staff numbers
Red Offline
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Red
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.
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#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.

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#110078 - 09/03/03 01:29 PM Re: Audit Staff numbers
IUalum Offline
Platinum Poster
IUalum
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.
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Opinions expressed are mine and not necessarily that of my employer.

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#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!

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#110080 - 09/03/03 03:11 PM Re: Audit Staff numbers
Risk Officer Offline
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.
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#110081 - 09/03/03 03:19 PM Re: Audit Staff numbers
rexinaudit Offline
Gold Star
rexinaudit
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.
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My opinions are not legal advice, not my employer's, and may change anytime.

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