Vice President Internal Audit

Red Canoe Credit Union hires passionate, knowledgeable, and dependable individuals who are committed to making a difference. As a not-for-profit financial institution owned by our members, we believe in the value of people over profit. If you’re looking for a place to start a rewarding career you can be proud of, then Red Canoe might be the place for you.

We’ve been a cooperative since 1937. That means any money we earn goes back to our members, not into the pockets of stockholders like a bank. For more than 80 years, we’ve held the traditions of credit unions near and dear to our hearts. We are not for profit, but for people.

Red Canoe Credit Union has 10 branches spread across Washington and Oregon. We even have members living in all 50 states. But Red Canoe is still a local credit union at its core. For us, being local means an ongoing commitment to go beyond serving our members and giving back to the communities we call home. At Red Canoe, we strive to make a difference in the lives of our neighbors. 

POSITION SUMMARY - The Vice President of Internal Audit provides strategic leadership and oversight of the credit union’s internal audit function, ensuring effectiveness in evaluating and improving risk management, control, and governance processes. This role is responsible for managing a co-sourced internal audit model to maximize efficiency and leverage expertise in high-impact audit areas. The VP of Internal Audit reports functionally to the Supervisory Committee and administratively to the CEO, ensuring independence and objectivity in audit operations.

 The Vice President of Internal Audit assists the Supervisory Committee by providing an independent and objective appraisal of the effectiveness of the credit union's internal control systems. This includes regular review of all relevant internal controls, assessing the adequacy of safeguards to ensure operating efficiency, compliance with policies, procedures, laws, regulations, and general accepted accounting principles.  Provides regular reporting to the Supervisory Committee of all relevant audit findings and recommendations, and reports findings to the management team.

KEY RESPONSIBILITIES

 Strategic Audit Leadership 

• Develop and execute the annual internal audit plan based on a comprehensive risk assessment, aligning with the credit union’s strategic objectives.
• Ensure an appropriate mix of internal resources and external partners to optimize the co-sourcing model, addressing complex and high-risk areas.
• Oversee all audit engagements, including planning, execution, and reporting to ensure compliance with audit standards and regulatory requirements.
• Provide oversight and coordination for the credit union’s annual state and NCUA examination.
• Assist the Supervisory Committee with selecting the credit union’s external financial auditor.

Risk Management and Compliance 

• Evaluate the credit union's compliance and risk management frameworks, identifying key risk areas and recommending enhancements.
• Work closely with executive management to promote a culture of risk awareness, emphasizing the importance of compliance with regulatory and internal policies.

Governance and Reporting 

• Report audit findings and strategic recommendations to the Supervisory Committee, senior management, and the board, offering insights to support decision-making.
• Ensure ongoing communication with the Supervisory Committee, including regular meetings to update on audit progress, emerging risks, and key findings.   

People and Vendor Management 

• Lead a team of internal audit staff, providing mentorship and professional development opportunities.
• Manage relationships with external audit vendors, ensuring alignment with audit scope, and budget for co-sourced engagements. Serve as the Supervisory Committee’s liaison between regulatory examiners, external auditors, and Credit Union staff. 

Internal Investigations

• Investigate fraud and other suspicious activity and partner with Human Resources on appropriate course of action.
• Administer the credit union’s Whistle Blower program.

Continuous Improvement and Quality Assurance 

• Implement best practices in internal auditing and ensure compliance with Institute of Internal Audit standards and other regulatory frameworks.
• Oversee quality assurance and improvement programs within the internal audit function to enhance audit effectiveness and consistency.

MINIMUM QUALIFICATIONS

• Education: Bachelor’s degree in accounting, or related field required. 
• Certifications: CPA, CIA, or CISA required.
• Experience: Minimum of 10 years of internal audit experience, with at least 5 years in a senior leadership role within a financial institution, preferably within a credit union.

Red Canoe Credit Union provides the following benefits to all employees.

• Medical, Dental & Vision Insurance
• Employee Assistance Program
• Life Insurance
• 401K with employer match
• Wellness Program
• Flexible Spending Account
• PTO leave
• Paid Jury Duty Leave
• Paid volunteer time

A few more perks

• Annual logo wear allowance
• Gym Reimbursement
• Tuition Reimbursement for full time employees
• Employee loan discount

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