What are the responsibilities and job description for the Internal Auditor I position at Redstone Federal Credit Union?
Job Description Summary
Responsible for examining and evaluating Credit Union operations, internal controls and adherence to rules and regulations through risk-based audits. Provides independent and objective assurance that proper controls and safeguards are in place to protect the Credit Union from loss and exposure. Ensures audit work complies with the International Standards for the Professional Practice of Internal Auditing.
An Internal Auditor I is distinguished from an Internal Auditor II in that employees in the latter job perform more complex audit jobs. This requires greater familiarity with Credit Union operations, policies and procedures and the use of knowledge gained through experience and certification to provide service to members or internal customers.
Job Description
Essential Duties and Responsibilities
To perform this job satisfactorily, an employee must be able to carry out each essential duty competently. The requirements listed below are representative of the education, experience, skills and abilities required. An equivalent combination of education and experience may be considered.
Education Requirements
4 Year / Bachelors Degree - Accounting, Finance or other related business field - Required
Experience Requirement
1 Year - Audit Experience. - Required
Maintain an active membership in The Institute of Internal Auditors (IIA) - Required
Skills/Abilities
Financial Services Audit Experience - Preferred
The physical demands described here are representative of those that must be met by employees to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical Requirements
An employee in this job will experience the following main work environments, others not listed may also be encountered on occasion;
Works in general office environment in a financial services facility.
Redstone Federal Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status or status as an individual with disability. All qualified applicants will not be discriminated against on the basis of disability.
We are proud to be a Drug-Free and Tobacco Free Workplace.
Responsible for examining and evaluating Credit Union operations, internal controls and adherence to rules and regulations through risk-based audits. Provides independent and objective assurance that proper controls and safeguards are in place to protect the Credit Union from loss and exposure. Ensures audit work complies with the International Standards for the Professional Practice of Internal Auditing.
An Internal Auditor I is distinguished from an Internal Auditor II in that employees in the latter job perform more complex audit jobs. This requires greater familiarity with Credit Union operations, policies and procedures and the use of knowledge gained through experience and certification to provide service to members or internal customers.
Job Description
Essential Duties and Responsibilities
- Identifies the key control points of the system by utilizing various techniques and methods to determine the nature of operations and the effectiveness and adequacy of the system of internal control to achieve established objectives.
- Assists in determining the scope of the proposed audit including the procedures and program to be used.
- Performs review of the effectiveness and application of risk assessment methodologies and risk management procedures.
- Obtains, analyzes, and appraises evidentiary data as a basis for an informed, objective opinion on the adequacy and effectiveness of the system and the efficiency or performance of the activities being reviewed.
- Prepares summaries of the audit procedures performed and the results achieved at the conclusion of each audit.
- Assists in developing recommendations for remedial action to improve operations within an agreed upon implementation schedule. Conducts follow-up discussion and tests to ascertain whether agreed upon corrective measures have been implemented.
- Performs, or assists in the performance of, special audits at the request of Corporate Audit Management. This would include support work provided to the external auditors.
- Stays abreast of all Internal Audit industry code of ethics and standards, as well as all applicable State, Federal and NCUA laws and regulations regarding Credit Union operations.
- Maintains a professional image and demeanor at all times, consistently demonstrating Credit Union RISE Values and adhering to the Code of Ethics.
- Delivers friendly, caring service to internal and external members.
- Complies with all applicable State, Federal and NCUA rules and regulations and all Credit Union policies and procedures.
- Follow all physical and online security procedures and maintain strict confidentiality of all member information.
- Completes all required regulatory and compliance training and maintains required knowledge of Credit Union products and services.
- Works scheduled hours and maintains punctuality.
- Performs other related duties as assigned or requested.
To perform this job satisfactorily, an employee must be able to carry out each essential duty competently. The requirements listed below are representative of the education, experience, skills and abilities required. An equivalent combination of education and experience may be considered.
Education Requirements
4 Year / Bachelors Degree - Accounting, Finance or other related business field - Required
Experience Requirement
1 Year - Audit Experience. - Required
Maintain an active membership in The Institute of Internal Auditors (IIA) - Required
Skills/Abilities
Financial Services Audit Experience - Preferred
- Effectively apply internal and external customer service practices and processes to meet quality service standards and achieve member satisfaction.
- Learn and apply information, on a wide range of Credit Union products, services and regulatory compliance requirements, in order to assess member situations and develop solutions.
- Provide guidance in the resolution of problems utilizing knowledge and experience within areas of responsibility.
- Lead and model RISE values and Code of Ethics through daily interactions and conduct.
- Promote and foster excellent member service and teamwork throughout department.
- Communicate in a professional manner and deliver information clearly and effectively. Actively listen to questions, opinions and ideas of others. Use tact and diplomacy in sensitive and confidential situations.
- Use correct English including spelling, grammar and punctuation.
- Operate computers and use business software and other standard office equipment.
- Understand and follow written and oral instructions.
- Set priorities and manage one’s own time effectively. Efficiently handles changing deadlines and multiple concurrent tasks.
The physical demands described here are representative of those that must be met by employees to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical Requirements
- Intermittent standing, sitting, walking, bending and climbing.
- Using hands repetitively to handle, feel or operate computers and other standard office equipment.
- Reaching with hands and arms.
- Intermittent lifting and carrying up to 25 pounds.
An employee in this job will experience the following main work environments, others not listed may also be encountered on occasion;
Works in general office environment in a financial services facility.
Redstone Federal Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status or status as an individual with disability. All qualified applicants will not be discriminated against on the basis of disability.
We are proud to be a Drug-Free and Tobacco Free Workplace.