Internal Audit Manager

Who We Are

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.

At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.

General Purpose: 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).

Essential Duties/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.

Other Duties/Responsibilities:

• 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.

Job Knowledge:

• 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.

Job Qualifications (Skills):

BHFCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position.  The following list outlines the physical considerations that are normally encountered in this job.

• 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.

Job Qualifications (Ability):

• 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.

Job Qualifications (Education/Experience):

• 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.
• Professional certification (CFE, CIA, CISA or similar) strongly preferred.
• Continuing education is required.
• Must maintain active membership in The Institute of Internal Auditors (IIA); membership fees covered by employer.

Working Conditions:

Material and Equipment Involved

• Laptop / Tablet / Mobile Devices
• Credit Union Computer Systems / Internet
• Various Software Applications, including Zoom, WEBEX, Teams and other virtual meeting programs
• Presentation Aids

Work Environment/Physical Activities

Occasional travel to one of BHFCU’s branch locations, attendance at community events, or Supervisory Committee meetings may be required.

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 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.

Mental and/or Emotional Requirements

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.

Notice: This job description is not intended to be, nor should it be construed as, a contract or guarantee of employment.  Black Hills Federal Credit Union adheres to all federal and state labor laws regarding termination and probationary periods.  This position is also subject to all the personnel policies of Black Hills Federal Credit Union.  Changes may be made to this job description at any time by the President.  Black Hills Federal Credit Union is an equal opportunity employer.

Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job.