VP of Internal Audit

GESA CREDIT UNION•Richland, WA

About The Position

Responsible for all aspects of the Internal Audit department by planning, organizing, and directing all audit department functions, and reporting results to the Credit Union's Supervisory Committee and to Management. Under the direction of the Supervisory Committee and dotted line reporting to the Chief Risk Officer, the VP of Internal Audit shall ensure the safety and soundness of Gesa Credit Union's assets through an ongoing program of planning, organizing and executing various financial, compliance, and operational internal audits in accordance with accepted professional standards to determine compliance with the credit union’s policies and procedures and adherence to applicable laws and regulations. Direct and manage all practices and activities in the Internal Audit functions to ensure compliance with State and Federal rules and regulations. Assist the Supervisory Committee by providing an independent and objective appraisal of the effectiveness of the credit union’s internal control systems. Provide day-to-day direction and supervision to assigned staff. Expect to assist with other business needs as they are identified and/or arise as approved by the Supervisory Committee.

Requirements

Ability to be bonded for business purposes
Able to work independently with minimal supervision, as well as collaboratively in a team environment
Able to successfully and professionally communicate both orally and in writing
Must be a collaborative across departments, respectful, and able to assist departments with incorporating risk-based audit principles into daily operational functions
Able to prioritize tasks, organize work schedules, and provide direction to subordinates
Strong organizational skills with the ability to prioritize and manage multiple complex tasks
Ability to supervise and motivate staff and work well in a team environment
Maintain a high level of integrity
Possess good oral and written communication and interpersonal skills. Must be able to make effective presentations at Supervisory Committee, Executive Team and Board meetings
Experience with Microsoft suite (Word, Excel, PowerPoint) and common accounting software applications and proficient with reporting. Comprehensive knowledge and exercise of credit union state and federal laws and regulations and accounting rules pertaining to assigned areas of responsibility
Strong problem-solving and decision-making skills and process improvement ability
Bachelor's degree with a major in accounting or related field
Minimum of ten years of audit-related experience
Minimum of four (4) years of managerial/supervisory experience
Knowledge and understanding of generally accepted auditing standards, generally accepted accounting principles, DFI regulations, NCUA regulations, and Federal and state consumer laws and regulations required
Must be able to communicate clearly and effectively both verbally and in writing, with team members, direct reports, external audit firms to gather information, explain issues and help craft dispute responses
Excellent problem-solving skills: ability to effectively weigh competing options and make tough, timely decisions; required to work well under pressure, manage multiple priorities and tight deadlines
Must be highly organized with strong attention to detail
Must have the ability to initiate and prioritize regular work duties and projects; strong organizational and time management skills, exercising discretion and independent judgment

Nice To Haves

Financial institution experience is strongly preferred. Large Bank/Credit Union or Big 4 experience preferred
CPA, CIA or CISA preferred

Responsibilities

Perform annual risk assessments correlating credit union initiatives and audit results.
Collaborate with department leaders in the organization.
Clearly communicate goals and objectives to leadership to obtain accurate feedback.
Utilize the Risk Assessment to prepare the audit plan
Prepare and oversee the execution of the annual audit plan, including planning, fieldwork, and reporting, to ensure proper review of credit union risk areas timely.
Ensure proper scoping and timing of audits in coordination with the credit union’s needs, the audits firms’ availability, and department leadership
Engage and manage the internal audit team and external audit firms as needed to ensure completion of the annual audit plan with accuracy and timeliness.
Manage the follow-up and reporting of audit issues, validation, and remediation to the Supervisory Committee
Provide accurate monthly reporting to the Supervisory Committee regarding the audit plan, issues, or special projects as necessary.
Monthly reporting includes all tracking of audit issues or regulatory recommendations/findings with detailed remediation actions and timing
Maintain responsibility to the Supervisory Committee; is responsible for independent reporting of internal risk or control concerns as well as researching and responding to questions or issues presented by the Committee
Manage relationships with all internal stakeholders and outside parties, including department leadership, DFI and NCUA regulators, and external audit firms, to objectively discuss organizational risk and controls
Act as a partner to internal management to assess risk while balancing the larger goals and initiatives within the organization.
Work in conjunction with department leaders to resolve audit and/or risk issues in a manner consistent with credit union goals and needs
Represent Internal Audit as a proactive participant in new credit union initiatives.
Educate leaders within the organization on the value and appropriateness of controls to manage risk and achieve organizational goals
Ensure all audit documentation is accurately retained and organized
Provide leadership and manage the internal audit team to achieve high performance and high-quality, reliable work.
Provide performance reviews, coaching and development as required
Ensure full compliance with Gesa service standards, policies, procedures, and the Bank Secrecy Act