Internal Audit Manager
About The Position
The Internal Audit Manager will conduct audits of the Credit Union to assess the effectiveness of controls, accuracy of financial records, and efficiency of operations. This role involves providing documentation of the Credit Union's internal control systems, reporting findings, and making recommendations. The manager will develop and implement an audit program and procedures, and recommend enhancements to operating systems to ensure operations are efficient and effective in accordance with credit union policy, applicable regulatory requirements, generally acceptable accounting principles, and sound business practices. They will prepare and present periodic reports to senior leadership and the Supervisory Committee, act as a liaison with external parties, and evaluate new systems and modifications to ensure proper controls. Maintaining audit records and promoting understanding of internal controls are also key responsibilities.
Requirements
- Ten years of similar or related experience.
- A bachelor's degree, or achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).
- Solid knowledge in all areas of accounting and audit procedures and the ability to work independently.
- A working understanding of credit unions and the risk and compliance environment of the business.
- Must have a working knowledge of spreadsheets and word processing software; must be able to operate a PC and all types of general office equipment.
Nice To Haves
- Certification as a certified public accountant or a certified internal auditor preferred.
Responsibilities
- Develops and implements an audit program and procedures, and recommend enhancements to the Credit Union's operating systems.
- Prepare and present periodic reports to the President/CEO, Senior Management Team, management, the Supervisory Committee, and Board of Directors.
- Acts a liaison with management, the Supervisory Committee, independent public accountants, examiners, and consultants.
- Assists during audits, examinations and reviews, and ensure responses are completed for all audits, examinations and reviews when findings or best practices are presented.
- Evaluates new systems and modifications to existing systems, policies and plans to ensure proper controls are established and/or maintained.
- Maintains copies of all audits, examinations, and reviews per HFCU’s record retention policy, including management’s responses to any findings and recommendations and the relevant corrections and remediations.
- Promote understanding and appreciation of internal controls and their application to the credit union's operations through ongoing communications with management.
- Performs other related duties as assigned.
- Include fraud detection steps in audit programs; investigate allegations of fraud, and review fraud prevention controls and detection processes put in place by management, make recommendations for improvement and on corrections or enhancements needed to maintain and improve effective and compliant operations.
- Maintain files and supporting documentation for audits and other assignments.
- Assist external auditors and other regulating agencies as requested.
- Identify and qualify key business risks to estimate the probability of occurrences and the impact on the Credit Union and make appropriate recommendations.
- Prepare reports timely, accurately and professionally.
- Provide independent, effective evaluation of internal controls, processes, policies and procedures for compliance and risk exposure.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
11-50 employees
