Internal Audit Manager

BLACK HILLS FEDERAL CREDIT UNION•Rapid City, SD

About The Position

The Internal Audit Manager supports the VP of Internal Audit in safeguarding the Credit Union’s assets by overseeing the execution of the internal audit program. This role leads risk-based audits, evaluates internal controls, and partners with management to enhance operational effectiveness, compliance, and member service. The Audit Manager ensures that audit work aligns with the International Standards for the Professional Practice of Internal Auditing (IIA).

Requirements

Knowledge of laws and regulations affecting Credit Union operations as well as Credit Union auditing procedures.
Strong understanding of internal auditing standards, COSO, and risk assessment practices.
Working knowledge of credit union operations, regulations, products, and services.
Ability to interpret financial reports and evaluate internal controls.
Proficiency with Microsoft Office and related audit software.
Strong analytical, problem-solving, and decision-making skills.
Ability to communicate clearly and professionally with all levels of the organization.
Ability to set priorities and manage multiple tasks effectively.
Ability to express oneself clearly and concisely, both orally and in writing.
Ability to prepare and maintain confidential records and reports.
Ability to analyze data, identify trends, and develop practical solutions.
Ability to work independently and collaboratively in a team environment.
Ability to produce a high volume of work in a timely manner that is accurate, complete and of high quality.
Ability to maintain a positive attitude and professionalism under pressure.
Ability to think critically with an improvement focused mindset.
Five years of audit or related experience required; financial services experience strongly preferred.
Job requires a four-year college level of understanding in accounting, finance, information systems or business.
Continuing education is required.
Must maintain active membership in The Institute of Internal Auditors (IIA); membership fees covered by employer.
Vision: A sighted person to read and interpret financial data and to verify funds.
Speech/Hearing: Ability to communicate verbally and in writing with volunteers, staff, members, and appropriate outside parties.
Manual Dexterity: Ability to perform necessary computer related input.
Physical Mobility: Limited mobility required. Travel may be occasionally required. Ability to work flexible hours. May periodically be required to lift bags of coin or other items up to 30 lbs.
Must be capable of climbing/descending stairs in emergency situation.
Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator.
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.
Must be capable of regular, reliable and timely attendance.
Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.
Must be able to perform job functions with supervision and work effectively either on own or as part of a team.
Must be able to read and carry out various instructions and follow oral instructions.
Must be able to speak clearly and deliver information in a logical and understandable sequence.
Must be able to perform basic mathematical calculations with extreme accuracy.
Must be 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.
Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace.
Must be able to effectively handle multiple, simultaneous, and changing priorities.
Must be capable of exercising highest level of discretion on confidential matters.

Nice To Haves

Professional certification (CFE, CIA, CISA or similar) strongly preferred.

Responsibilities

Lead and manage the day-to-day activities of the internal audit function, ensuring the annual audit plan (approved by the VP and Supervisory Committee) is executed effectively.
Supervises, mentors, and evaluates audit staff, providing guidance on methodology, risk assessment, and audit quality.
Develop audit scopes, testing plans, and procedures based on risk assessments.
Review audit workpapers and reports to ensure quality, accuracy, and adherence to IIA Standards before escalating to the VP of Internal Audit.
Prepare clear, well-supported audit reports that outline strengths, weaknesses, and recommendations.
Build effective working relationships with management to promote transparency and drive control improvements.
Validate corrective actions taken by management and monitor remediation progress.
Assist with annual risk assessment(s) and development of the annual audit plan.
Supports the VP during regulatory exams, external audits as needed.
Contribute to departmental quality assurance and continuous improvement initiatives.
Attend Supervisory Committee meetings as requested and assist with preparation of materials.
Keep abreast of changes to policies, procedures, and internal controls by reading pertinent materials and attending relevant training courses.
Travel to member service centers to review operations as required by the VP of Internal Audit.
Aide in the oversight of insider activity monitoring, to include tracking of employee and official loans and deposits, employee and related-party fraud alerts, employee/related-party prohibited transactions and quarterly regulatory reporting.
Perform other duties that may be assigned by the VP of Internal Audit or Supervisory Committee.