Senior Automotive Dealer Floorplan Audit Analyst - Remote

The Senior Automotive Dealer Floorplan Audit Analyst reviews, analyzes, evaluates, or renders risk-based processing and reporting to reduce operating losses and maintain maximum protection of the organization's assets and services through the review and preparation of floorplan audit results.

This individual will support the second line of defense and recommend opportunities and propose resolutions for improved efficiency, effectiveness, and risk minimization.

Job Description:

• Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification, and remediation.
• Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards.
• Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations and that the company complies with legal/regulatory statutes and jurisdictions.

Job Function:

• Ensures adherence to the policies and procedures established by the company.
• Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies.
• Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages, and reports on the company's risk areas.
• Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

Essential Functions/Responsibility Statements:

• Ensure floorplan audit exam procedures are implemented in accordance with credit policies, standards, and procedures.
• Ensure exams/audits are scheduled and performed following requirements.
• Engage with field auditors (vendors) to ensure compliance with department policies and procedures.  Escalate auditor/vendor-related issues to audit department manager and vendor as appropriate.
• Ensure escalation of issues identified in exams with First Line of Defense (FLOD) and Second Line of Defense (SLOD) / Credit including Workout as appropriate.
• Obtain appropriate approvals as required (i.e., Floorplan Audit Dept Manager on rating changes, etc.).
• Provide FLOD / SLOD Audit Summary Report with corresponding Final Audit Score upon completion of the audit reconciliation, including recommendations for additional controls/improvements.  
• Assist with special reviews, projects, and departmental processes as required.
• Analyzes trends in risk data and escalates developments according to company policy and procedures for risk escalations.
• Shares insight to causes of risk indicators and proposes recommendations to resolve or mitigate identified risks with the team.
• Reviews identified risks and liabilities; informs and recommends resolutions with business lines to mitigate risk potential.
• Assists in processing risk assessments by analyzing risk data and identifying any plausible risks affecting the business and operations.
• Operates …