Operational Risk Auditor

Operational Risk Auditor

Operational Risk Department

Position Summary

As an Operational Risk Auditor, you will play a crucial role in ensuring the integrity, efficiency, and compliance of our Credit Union. Your keen eye for detail, analytical prowess, and commitment to excellence will help us maintain our reputation as a trusted and reliable financial institution. The Operational Risk Auditor is responsible for: (i) The timely execution of entry to mid-level, risk-based audits in accordance with an annual audit plan; (ii) The preparation of audit reports in accordance with guidelines approved by management and outside independent audit firm(s), which includes providing recommendations for improving internal controls and operating procedures; (iii) Working directly with the Supervisory Committee to report audit results and updates as needed. Audit areas may include various business operations and processes to ensure sound operational controls and compliance with regulatory requirements or industry best practices. This may include, but is not limited to: Consumer/Business/Mortgage Lending, Branch Operations, Account Opening Applications, etc.

Essential Duties and Responsibilities

• Performs assigned audits. Develops audit scope and objectives for area to be audited. Manages exams and other external audit engagements by working with the appropriate business units to ensure all requests are submitted timely, follows up on responses and schedules exit meetings accordingly.
• Collaborates with various departments to perform assessments/audits and ensure the implementation of corrective actions and improvements based on findings. This includes validating factual accuracy of findings, clearly articulating areas in need of improvement, and working with management to ensure proposed action plans address the root cause of issues.
• Prepares quality written audit reports outlining strengths and weaknesses identified during the review and providing sound recommendations in accordance to applicable laws and regulations, policy, and/or procedures. Maintain adequate work papers to support review and any findings or recommendations.
• Performs system access audits for critical systems, such as the core system or Loan Origination Systems (LOS), etc.
• Stay up-to-date with industry trends, best practices, and regulatory changes to ensure our Credit Union remains at the forefront of compliance and risk management.
• Oversees and completes all special projects, investigations, reviews, consulting assignments as assigned. Keeps management apprised of all critical issues.

Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.   

Please note: This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Due to the responsibilities and requirements of this position, remote work (telecommuting), including hybrid schedules, is not supported. This role requires 100 percent on-site presence. Duties, responsibilities and activities may change at any time with or without notice.      

Minimum Qualifications

• One year to three years of similar or related financial institution operational audit experience, including preparatory experience.
• Must have Bachelor's Degree, Business, Finance or related field. Or active certification as a Certified Internal Auditor (CIA) or Certified Credit Union Internal Auditor (CCUIA).
• Professional level of speaking and writing skills is required.
• Exceptional analytical, problem-solving, and communication skills, with the ability to convey complex information clearly and concisely. A strong sense of integrity, professionalism, and discretion, ensuring the confidentiality of sensitive information. Must be able to travel within departments and from branch to branch as needed to complete audit programs, research and special projects.
• Knowledge of business, mortgage and consumer lending.
• Knowledge of credit union regulations and operations.
• Knowledge of security procedures, cash counts, and regulatory requirements for branches and departments.