Job Description and Requirements
The Internal Auditor III will lead, perform, and provide guidance in performing operational, financial, and compliance engagements using a risk-based, consultative approach designed to add value and improve the Credit Union's operations. The Auditor will recommend enhancements to internal controls to ensure credit union compliance with all applicable internal policies and procedures, insurance and vendor agreements, state and federal regulations, safety and soundness considerations, as well as improve the effectiveness of risk management, control, and governance processes. In addition, will coordinate and support external regulatory examinations by providing the primary point of contact internally for the Business Units for clarification and information gathering, as well as consolidate request items and provide to the examiners, participate on investigations or other departmental projects and perform duties in a manner which enhance the image and promote the growth of the Credit Union and the Internal Audit department.
Essential Functions and Responsibilities:
- Thoroughly document audit work performed with clear explanations to illustrate understanding of concepts as well as support the procedures performed and conclusions reached; plan appropriately to ensure target deadlines are met, including communicating resource needs to department management; conduct internal audits in accordance with IIA Global Internal Audit Standards and established engagement procedures/guidelines with limited supervision and limited rework.
- Independently plan and perform operational, financial, and/or compliance engagements using a risk-based, consultative approach designed to add value and improve operations. Plan appropriately to ensure target deadlines are met. Manage the audit team to ensure assigned tasks are completed, communicating resource needs to prioritize and complete projects within established milestones and/or in response to rapidly changing business needs. Create formal audit reports using a consistent language and a format designed to influence change and promote management buy-in.
- Execute professional skepticism and curiosity, including the ability to probe for answers and apply sufficient root cause analysis of observations, continuous issues, or internal control weaknesses, and identify potential solutions. Review corrective action plans and validate implementation efforts to ensure risks are mitigated to an acceptable level based on the risk appetite of the organization. Serve as a key resource for Auditor in Charge in providing recommendations surrounding the design of audit procedures to maximize the likelihood of identifying internal control gaps and procedural variances.
- Demonstrate savvy business acumen and in-depth understanding of risk management to assist business units in problem identification and solutions. Look for value-add recommendations that improve overall efficiency. Perform duties in a manner which enhances the image and promotes the growth of the Credit Union and the Internal Audit department.
- Apply intellectual abilities required to absorb and apply knowledge to establish audit scope, develop audit procedures, perform testing and detailed review of staff workpapers, and report results on new and existing engagements.
- Identify opportunities to maximize Audit department efficiencies and expand testing coverage by incorporating data analytics and other computer assisted audit techniques (CAATs) to review and perform testing on large data sets and identify unusual relationships or trending.
- Synthesize complex or diverse information and use intuition and experience to complement data as well as consistently exercise advanced judgment and critical thinking including making informed decisions through independent verification.
- Facilitate external audits and regulatory examinations, including coordinating vendor due diligence procedures and reviewing the audit procedures performed to ensure adequate coverage, as well as fielding questions and defusing concerns.
- Display conflict resolution, tact, and negotiation skills through appropriate persuasion and genuine empathy to assist business units in problem identification and creative solutions.
- Assist department management in providing guidance, training, and oversight of less experienced auditors, including delegating tasks and showing a desire and willingness to assist and share assignments with other auditors to promote meeting departmental goals.
- Communicate effectively with various levels of management to promote strong departmental relationships and create a Credit Union team environment. Vet audit testing results with business management to ensure solid understanding of exceptions and adequately document conclusions. Conduct testing to ensure adequate remediation of audit findings.
- All other duties as assigned (note: essential functions and responsibilities may change or new ones may be assigned at any time with or without notice).
Requirements:
- Bachelor's Degree
- A minimum of 3 years experience in public accounting, internal audit, risk or compliance, and/or financial services industry
- Audit related designation or certification such as, Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Information Systems Auditor (CISA) is required within 12 months in this role
- Proficiency in utilizing Microsoft Office and Adobe Professional products including ability to research, learn, and apply features not previously utilized. Demonstrate the ability to utilize more complex Microsoft Excel features, such as, complex formulas and advanced pivot tables.
Preferred:
- Bachelor's degree in Business, Accounting, Finance, or Technology
- Experience creating and leading an audit engagement
All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
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