Senior Internal Audit Consultant

University of Michigan Credit Union • Ann Arbor, MI

13h • Hybrid

About The Position

The Senior Internal Audit Consultant is responsible for conducting and executing audits and compliance reviews across Credit Union operations, products, and procedures in accordance with the annual audit plan. Serves as a subject matter resource for audit and regulatory matters, identifying and addressing risk, control, and all regulatory compliance changes. Actively contributes to the development, refinement, and execution of the annual audit plan based on organizational risk assessments, regulatory expectations (NCUA/DIFS), and industry best practices. Oversee audit reporting deliverables and presents audit conclusions, findings, and recommendations to Senior Leadership and the Audit Committee.

Requirements

• Bachelor’s degree in a related field
• 2 to 5 years of progressively responsible internal audit, compliance, or regulatory experience
• Strong working knowledge of regulations governing financial institutions
• Demonstrated experience leading audits independently from planning through reporting
• Proficiency with Microsoft Office and audit-related tools and familiarity with mainframe reporting systems
• Excellent written and verbal communication skills, with the ability to present complex audit concepts to both technical and non-technical audiences
• Proven ability to build effective working relationships with all levels of the organization and external stakeholders
• Strong organizational skills with the ability to manage multiple priorities and deadlines
• Ability to exercise discretion and maintain strict confidentiality

Nice To Haves

• Professional certifications such as CPA, CIA, CISA, CAMS, or similar are strongly preferred

Responsibilities

• Leads and performs operational, compliance, and regulatory audits, assessing the effectiveness of internal controls, governance, and risk management practices across UMCU functions
• Independently assesses regulatory and internal compliance and provides objective, well-supported conclusions and advisory recommendations to management
• Evaluates the adequacy and effectiveness of policies, procedures, and processes to ensure compliance with applicable laws, regulations, and Credit Union standards
• Determines the sufficiency of controls designed to safeguard UMCU assets and, when appropriate, verify the existence of assets
• Exercises professional judgment to identify emerging risks, control gaps, and process inefficiencies; escalates significant issues to management as appropriate
• Obtains, analyzes, and evaluates audit evidence to form sound conclusions regarding operational efficiency, effectiveness, and compliance
• Prepares comprehensive audit workpapers and documentation that meet internal standards, regulatory expectations, and professional audit practices
• Develops clear, actionable audit recommendations and communicates results effectively to management; facilitates discussions to ensure understanding and practical remediation
• Partners with other departments to support remediation efforts and strengthen control environments.
• Prepares and contributes to audit reports presented to Senior Leadership and the Audit Committee, including scope, findings, and recommendations
• Participates in the development and ongoing refinement of the annual risk assessment and audit plan, incorporating regulatory changes, industry trends, and organizational priorities
• Maintains knowledge of credit union regulatory requirements including BSA, OFAC, USA PATRIOT Act, AML, SAFE Act, CFPB regulations, and Customer Identification Program, and assesses organizational adherence to these requirements
• Coordinates and arranges periodic audit activities internally and externally with auditors and regulators as required
• Volunteers in various activities with UMCU or EMCU partners and in the community.
• Other duties as assigned

Benefits

• Comprehensive benefits including low cost/high coverage medical, dental, vision, leave of absence and more!
• Very generous paid time off
• Very flexible work environment
• Tuition reimbursement
• Student loan debt repayment program
• Fidelity 401k program with employer match
• Parental leave
• Pet insurance
• Home office credits

What This Job Offers

• Job Type: Full-time
• Career Level: Senior