What are the responsibilities and job description for the Vice President Internal Audit position at The Midtown Group?
VP, Internal Audit – Financial Institution (Hybrid – Fairfax, VA)
Location: Fairfax, VA (Hybrid: M/T/Th in office, W/F remote)
Compensation: $190,000–$210,000 base 11–20% annual bonus full benefits pension
Employment Type: Full-time, Direct Hire
About the Role
A growing, mid-sized financial institution in Northern Virginia is seeking a Vice President of Internal Audit to lead a lean, high-impact audit function. This is a hands-on, highly visible leadership role responsible for developing the annual risk-based audit plan, overseeing internal control testing, managing audit staff, and presenting regularly to the Supervisory Committee.
You will lead a small but mighty team and partner closely with external audit vendors for large/specialized audits. The ideal candidate brings deep experience in financial services audit, strong leadership capability, and the communication skills to engage with board-level committees.
What You’ll Do
- Lead the Internal Audit function, including development and execution of the annual audit plan
- Oversee audit execution, workpapers, and audit deliverables
- Present regularly to the Supervisory Committee on audit findings and internal control effectiveness
- Coordinate with external audit vendors and manage vendor relationships
- Ensure compliance with federal regulations, NCUA expectations, and internal policies
- Provide recommendations to strengthen internal controls, operational efficiency, and risk mitigation
- Coach, mentor, and develop internal audit team members
- Collaborate closely with executive leadership across finance, risk, compliance, and operations
Ideal Background & Candidate Profile
This role attracts internal audit leaders who want meaningful work, better balance, and the ability to make an immediate impact in a mid-sized financial institution. The requirements are clear, straightforward, and highly searchable, ensuring strong alignment:
Required & Preferred Experience
- CPA required (non-negotiable)
- Internal audit leadership experience in a financial institution
- Background in a credit union or banking environment
- Supervisory experience managing audit staff
- Direct experience building and executing risk-based internal audit plans
- Vendor oversight experience, particularly managing external audit partners
- Strong presentation skills with the ability to interface with board-level committees
What Makes This Role Appealing
Many senior auditors currently working in large banks are actively seeking roles that offer:
- Relief from SOX-heavy environments
- Less public-company pressure and reporting intensity
- Fewer month/quarter-end cycles
- A more mission-driven, member-centered environment
This opportunity offers exactly that:
- No SOX
- A small, high-impact team
- Strong vendor support to avoid burnout
- A stable hybrid schedule (3 days onsite, 2 remote)
- Direct visibility with executive leadership and the Supervisory Committee
This mix of leadership impact and lifestyle balance is a major draw for high-caliber audit professionals.
What You’ll Bring
- CPA (required)
- 8 years of internal audit leadership experience within a financial institution
- Strong working knowledge of compliance, NCUA regulations, risk-based auditing, and internal controls
- Ability to work hands-on in a lean environment while maintaining executive presence
- Experience building audit plans, managing audit cycles, and presenting at the committee/board level
Why This Role
- Highly visible “true VP” seat
- Hybrid schedule (2 days remote weekly)
- Competitive bonus structure (11–20%)
- Pension dollar-for-dollar 401(k) match (up to 5%)
- Collaborative, innovative, AI-supported work environment
- Opportunity to innovate and elevate the internal audit function
If you have a CPA and financial institution audit leadership background, we’d love to connect.
Salary : $190,000 - $210,000