Director Internal Audit, Corporate Functions

About the position Cultivates a systematic and disciplined approach to evaluate and improve the effectiveness of the credit union’s risk management and control processes, and direct internal audit department resources to safeguard credit union assets. Oversees, directs and manages daily workflow of Corporate Functions audits. Administers internal audit functions as well as performs audits of corporate functions (Finance, Risk Management, Compliance, HR, Legal, Marketing and others). Leads the Corporate Functions audit team under the direction of the SVP and Supervisory Committee.

Responsibilities

• Conducts organizational audit risk assessment for purposes of developing the Corporate Functions annual audit plan, and reviews and revises the plan quarterly or as needed.
• Communicates and reviews results of risk assessment and annual audit plan with Supervisory Committee.
• Oversees, directs and manages daily workflow of Audit Manager, Senior and Staff auditors to ensure audit schedule is maintained.
• Oversees quality control activities of the Corporate Functions audit team, including coordinating regular peer reviews of department processes.
• Evaluates and assesses governance, culture, risk, and control structure and environment.
• Oversees performance of Corporate Functions audits throughout the credit union.
• Evaluates efficiency and effectiveness of team and consults with SVP to continuously improve all Corporate Functions audit processes.
• Analyzes and prepares annual Corporate Functions team financial budget based on assessed needs, and submits these requests to the SVP of Internal Audit.
• Reviews or oversees review of work papers prepared by Corporate Functions team for adherence to department procedures and the Institute of Internal Auditors (IIA) standards.
• Provides appropriate feedback, as necessary.
• Reviews all Corporate Functions internal audit reports prior to issuance for adherence to department procedures and the IIA standards.
• Provides appropriate feedback, as necessary.
• Evaluates new auditing standards, regulations, and accounting pronouncements, as applicable.
• Assists SVP in developing, maintaining, and distributing monthly internal audit status reports for distribution to Executive Management, Supervisory Committee, and Board of Directors
• Complies with all regulations as required by law, including but not limited to Bank Secrecy Act, OFAC, FACT Act, GLBA, Regulation CC (funds availability), Regulation DD (TIS) and other regulations as required by law as it relates to the position.
• Performs other duties as assigned.

Requirements

• 10+ years of experience in an internal audit role within the financial services industry including at least five years in an internal audit management capacity.
• Expertise in risk management practices, including financial and non-financial risks.
• Advanced knowledge of auditing Finance, Risk Management and Compliance functions.
• Comprehensive knowledge and understanding of the regulatory requirements as they relate to the areas of governance and risk management.
• 4-year degree in a finance, accounting, or quantitative discipline, or related field.
• One of the following professional certifications: CIA, CPA, CFA is required.
• Advanced level skill for Microsoft Office (Outlook, Word, PowerPoint, Excel), especially Excel.
• Experience with data analysis required.
• Must have the ability to read, understand and carry out instructions in written and oral form.
• Ability to communicate effectively and courteously.
• Strong written communication skills required.
• Understanding of financial institution operations and transactions.
• Advanced understanding of accounting principles and COSO framework.
• Advanced understanding of applicable regulations, as outlined in Essential Duties and Responsibilities above.
• Understanding of credit union data system and ability to use a computer and software applications.
• Ability to think critically and recognize and analyze problems, improprieties, and opportunities for improvement.

Nice-to-haves

• Graduate degree in a related subject preferred.
• Prior experience with Big 4 accounting firm preferred.
• Knowledge of computer assisted audit techniques preferred.

Apply tot his job Apply To this Job