Director Internal Audit

Fort Liberty Federal Credit Union•Fort Bragg, NC

About The Position

The Director Internal Audit is responsible for the examination and evaluation of the adequacy and effectiveness of the credit union's system of internal controls. This role advises on control deficiencies discovered during reviews and audits. The position provides assistance and means for the Supervisory Committee to help fulfill its oversight role by offering an independent and objective appraisal of the credit union's compliance with its policies, procedures, and federal and applicable state regulations, including the Bank Secrecy Act, OFAC, USA Patriot Act, and other requirements.

Requirements

Bachelor’s degree is required with a concentration in Accounting or Finance preferred.
CPA or CCUIA certification is desirable.
On an annual basis, required to complete mandatory Bank Secrecy Act, OFAC and Red Flag Identity Theft training.
5 or more years of public accounting and/or internal audit experience within financial institutions.
3 or more years of management experience.
3 or more years of experience with regulatory compliance with financial institutions is preferred.
Excellent analytical and technical skills.
Strong communication skills, both written and verbal, and the ability to explain and discuss complex topics.
Strong working knowledge of financial accounting concepts and related regulatory compliance.
In-depth knowledge of BSA, USA Patriot Act, OFAC and all applicable deposit and lending regulations.
Knowledge and experience with privacy regulations, data security risk mitigation concepts and IT control governance.

Nice To Haves

Advanced degree is a plus.

Responsibilities

Develops an audit plan for the Credit Union with input from management and approval of the Supervisory Committee.
Keeps the Supervisory Committee informed of all activities.
Ensures timely completion of all audit functions with minimum supervision.
Manages the credit union’s internal audit activities, policies, and procedures.
Prepares written and verbal reports of audit activities.
Provides recommendations to accomplish required actions.
Implements changes to audit procedures as directed by the Supervisory Committee.
Serves as liaison with external auditors and regulatory examiners.
Conducts independent audits and examinations of credit union records to ensure compliance with laws and regulations.
Evaluates the effectiveness of internal controls and processes and makes recommendations for improvements.
Participates in the interviewing and hiring of the Staff Auditor.
Directs work activity and provides training, coaching, and mentoring of the Staff Auditor.
Conducts investigations of suspected fraud or irregularities within the credit union.
Conducts investigations or special reviews at the request of the President/CEO.
Addresses member complaints directed to the Supervisory Committee from regulators.
Obtains, analyzes, and appraises data as a basis for an informed objective opinion on the systems and activities being reviewed.
Confers with personnel within the credit union or external sources as it relates to audit activities.
Attends monthly Supervisory Committee meetings and provides audit comments to the Chair.
Complies with the Federal Bank Secrecy Act, Anti-Money Laundering & Customer Identification Policy (BSA), the OFAC Policy, and the Identity Theft Policy.