Description

The primary purpose of this position is to perform independent appraisals on all aspects of the credit union’s operations and internal controls to ensure that established policies and procedures are followed, operational and financial standards are met, and resources are used economically and efficiently.

Requirements

• Ensure execution of the Internal Audit Charter in compliance with the Institute of Internal Auditors International Professional Practices Framework.
• Perform internal audits of all departments and functional areas of the Credit Union (CU) on a periodic and methodical basis. 
• Prepare & present findings and recommendations to the AVP of Enterprise Risk Management.
• Appraise the adequacy and effectiveness of corrective action taken to resolve internal control weaknesses and operational deficiencies.
• Recommend improvements to policies and procedures to improve the CU’s overall risk profile and deter employees and volunteers from committing fraud or becoming involved in dishonest acts.
• Review established systems to ensure compliance with procedures, policies, plans, laws, and regulations which govern the credit union. Suggest changes as appropriate.
• Perform periodic quality assurance reviews of various departmental functions and processes for accuracy, completeness, and compliance with policies, procedures, and regulations. Recommend corrective action to address any inadequacies.
• Maintain complete files documenting audit procedures used, all completed audit reports, and any written responses to such reports for the appropriate retention period.
• Serve as a liaison between regulatory examiners, outside auditors, and the CU’s staff. Assist external auditing firms in the CU’s audits.
• Perform special reviews, examinations, or investigations at the request of management or the Supervisory Committee.
• Assist with risk assessments to identify and measure risks associated with potential and current products, services, and systems.
• Maintain a strong relationship with management and communicate emerging best practices.
• Attend conferences, seminars and training sessions relating to areas of responsibility to stay informed of regulatory and industry changes affecting the CU. 
• Participate in professional organizations and obtain necessary continuing education.
• Maintain the highest level of ethical conduct and practice extreme confidentiality.

Job Specifications

• Minimum (2) two years of experience in a related field with equal responsibilities. 
• Education equivalent to (4) four years of college and/or bachelor’s degree in accounting or business is preferred.
• Proficient with Microsoft Office.
• Knowledge of the fundamentals of the financial industry, including an understanding of the Fed Reserve System, the check clearing process, and the legal theory of negotiable instruments.
• Knowledge of back-office operations and leading-edge delivery systems.
• Well-developed communication skills required where explanation and/or interpretation of guidelines are essential.
• Ability to handle multiple, conflicting deadlines.
• Ability to analyze statistical and financial data.
• Ability to make decisions and take initiative to resolve problems or unique circumstances.
• Excellent organizational and interpersonal skills: writing skills, attention to detail, and presentation skills.
• Requires 25% local travel.
• Internal Audit Specialist (cont’d)

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle or feel, reach with hands and arms, and talk or hear. The employee is occasionally required to stand, walk, bend, kneel, and reach above or at shoulder level. The employee must occasionally lift/push/pull and/or carry up to 10 pounds.

Disclaimer

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.