PRIMARY OBJECTIVE OF POSITION
Responsible for management of the Internal Audit function to assess the credit union’s compliance with internal policies and procedures, applicable laws and regulations by providing reviews to measure and evaluate the effectiveness of controls.
ESSENTIAL JOB FUNCTIONS
Work closely with the CRO to assess the level and volume of financial statement and regulatory/compliance risk to prepare and execute the risk based internal audit plan.
Manage the internal audit function, including third party providers, to ensure that the audit assignments are carried out in accordance with the internal audit plan.
Responsible for coordination and oversight of all internal audits, including vetting audit observations/recommendations and reporting to management.
Work with management to develop risk-based action plans for recommendations.
Monitor corrective action(s) taken to address recommendations and perform independent validation, as necessary.
Review and suggest credit union policy revisions to ensure internal controls are properly addressed.
Communicate audit activities to the Audit Committee and ensure compliance with the Audit Committee Charter.
Assist in the review of new products or services to ensure internal controls are properly implemented to reduce risk to an acceptable level.
Maintain and improve knowledge of internal controls, risk mitigation, and all applicable state and federal compliance statues and regulations.
Participate in special projects or assignments as necessary.
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MANAGER RESPONSIBILITIES
Manages approximately 1-3, including third party service providers.
EDUCATION/CERTIFICATION REQUIRMENTS
Bachelor’s degree in accounting or related field
Certified Public Accountant (CPA)
EXPERIENCE
Eight (8) years internal auditing and two (2) years audit management experience.
Public accounting and financial institution experience would be an asset.
REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES
Knowledge of internal controls and risk management principles and practices.
Ability to analyze complex data and identify trends.
Ability to speak clearly and deliver information in a logical and understandable sequence.
Capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public.
Ability to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.
Ability to effectively handle multiple, simultaneous, and changing priorities.
Capable of exercising highest level of discretion on both internal and external confidential matters.
Proficient with Microsoft Office, including Word and Excel with the ability to learn other software packages as necessary.
Up to 10%, requires a valid driver’s license and reasonable transportation.
WORKING CONDITIONS AND PHYSICAL DEMANDS:
Physical requirements are minimal; however, position involves wrist/hand/finger's manipulation; frequent viewing of computer/PC monitor; abilities to bend, stoop and reach overhead.
Primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
Must be able to routinely perform work on computer for an average of 6-8 hours per day.
Must be able to work extended hours whenever required or requested by management.
EQUIPMENT SKILLS
Personal computer with windows environment, printer, copy machine, fax, and multi-media training equipment.
The above statements reflect the general details considered necessary to decide the principal functions of the job identified and shall not be construed as detailed description of all work requirements that may be inherent in the job.
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