Internal Auditor

TAPCO Credit Union•University Place, WA

11h•$31 - $36•Onsite

About The Position

Assures credit union control effectiveness by performing regular internal audits utilizing a risk-based approach. Responsible for the overall internal audit program (through a combination of internal audits and third-party audits), including the managing of the risk-based audit program, focusing on control effectiveness, documentation of deficiencies, and communication within the management team. This role will be required to assist the Director of Compliance and Risk Management with reporting to the Supervisory Committee and interface with regulatory agencies, including Washington State DFI and NCUA. Additionally, the Internal Auditor will identify and promote internal audit best practices by developing and maintaining up-to-date audit methods, programs, and other supporting infrastructure. The Internal Auditor operates within a dual-reporting structure, reporting administratively to the Director of Compliance and Risk Management and functionally to the Supervisory Committee.

Requirements

Bachelor’s Degree in the areas of Accounting, Business, Finance or a related field, or equivalent combination of education and experience
Three to five years’ auditing and/or compliance experience in a financial institution
Intermediate-to-advanced level experience with Microsoft Office programs (e.g. Word, Excel, PowerPoint)

Nice To Haves

Previous credit union experience
Operational and compliance auditing experience
Ability to read and comprehend complex instructions, regulations, and correspondence
Excellent critical thinking and problem solving
Strong organizational and project management skills, including accuracy and high attention to detail
Excellent analytical, written/verbal communication, interpersonal, and relationship building skills

Responsibilities

Develops and executes risk-based operational, compliance, and internal control audits in accordance with the approved annual audit plan and applicable audit standards, including the Institute of Internal Auditors (IIA) Global Internal Audit Standards, to evaluate the effectiveness of controls, identify risks, and assess compliance with applicable laws, regulations, policies, procedures, and established Credit Union standards.
Develops audit programs, perform testing, document audit procedures and results, maintain audit workpapers, analyze findings, and prepare draft audit reports that clearly communicate observations, root causes, risk implications and recommendations for improvement.
Reviews audit findings with the Director of Compliance and Risk Management and appropriate management stakeholders, obtains management responses and corrective action plans, finalizes audit reports, and presents audit results and recommendations to the Supervisory Committee.
Reports functionally to the Supervisory Committee and has direct access to the Supervisory Committee to report any impropriety as deemed necessary.
Monitors and tracks audit findings and corrective actions by performing follow-up reviews and validating that management has implemented effective remediation.
Remains current on applicable laws, regulations, regulatory guidance, industry trends, and internal audit practices, incorporating relevant changes into audit activities as appropriate.
Collaborates with management, employees, and external stakeholders to research discrepancies, communicate audit results, coordinate audit activities, and support corrective action.
Maintains professional skepticism, objectivity, confidentiality, and independence while protecting the Credit Union’s assets, member information, and sensitive business information through adherence to established security and privacy policies and procedures.
Identifies opportunities to strengthen internal controls, enhance operational effectiveness, and reduce compliance and operational risk by recommending improvements to policies, procedures, processes, and systems.
Demonstrates an understanding of and adheres to the requirements of all federal, state, and local laws, including those of the Bank Secrecy Act (BSA) and the Office of Foreign Assets Control (OFAC), as it specifically relates to the job functions.
Performs other duties and special projects as assigned.

Benefits

100% Employer-paid medical, vision, prescription, and dental insurance option for all full-time teammates
50% Employer-paid spouse coverage, 65% Employer-paid dependent children coverage
Flexible Spending Account (FSA), Dependent Care FSA, & Health Savings Account (HSA)
401(k) Plan with up to 7% match
100% Employer-Paid Life Insurance/AD&D package
Paid Vacation and Sick Time, 11 Paid Holidays + 1 Floating Holiday
Optional Short- and Long-Term Disability
Employee Assistance Program
Community impact, on us (Up to 40 paid volunteer hours)
Shared Bonus Plan (when company goals are achieved)