Internal Auditor

Job Description

Job Description

Role

The Internal Auditor is responsible for completing internal audits of lending, financial, operational, regulatory compliance, information technology, and ancillary processes within the organization. This role will validate and assess the design and execution of proper controls and corresponding processes and procedures to ensure compliance with applicable laws, regulations, and guidance. They will support the Board of Directors and management in the assessment of potential areas of risk, appraisal of risk significance, and make recommendations to improve system controls, manage risk, reduce expenses, and improve earnings, as applicable to the role. This role must comply with all aspects of Bank Secrecy Act / Anti-Money Laundering, USA PATRIOT Act and OFAC regulations as they relate to this position and will diligently identify and report suspicious activity appropriately.

Essential Functions & Responsibilities

• Using industry standards and best practices design and implement internal audit functions for the Credit Union
• Collaborate to prepare an annual internal audit program that reflects current and future risks facing the credit union as well as regulatory expectations and requirements.
• Develop and maintain detailed audit objectives, scope, and processes to effectively support internal audits.
• Develop and maintain effective and efficient audit tools, including but not limited to checklists, flowcharts, and final report templates.
• Effectively and competently audit the processes, operations, activities, data, controls, products and services across the credit union, including but not limited to lending, branch operations, certain finance and information technology processes, etc. in the manner that ensures independence.
• Collect and analyze information including records, documents, forms, loans, policies and procedures related to the area being audited to identify compliance and control deficiencies and issues following industry audit standards and internal policies and procedures.
• Prepare value-added and objective final audit reports, issue remediation recommendations and best practice opportunities to management overseeing areas being audited, upper management and the supervisory committee.
• Participate in risk assessments and risk planning as requested.
• Execute and complete multiple projects / assignments simultaneously.
• Participate in other activities such as projects, new initiatives, task groups, etc. in order to support the development and implementation of new policies, processes, controls and provide feedback relative to internal control, compliance, and operational effectiveness and efficiency.
• Assist with the assessment of action plans submitted by the Board of Directors or management when requested.
• Provide input and perspective to internal stakeholders with respect to mitigation strategies and audit action plans.
• Oversee daily operations of the Compliance Department
• Manage team members within the Compliance Department which includes but not limited to; performance evaluation, training, time management, and coaching
• Assist with other risk management functions as requested.
• Ensure ongoing knowledge acquisition of current economic developments, emerging risks, applicable regulations, and regulatory changes impacting credit unions, regulator examination tools and guides, fraud trends, problematic loan and deposit practices, deficient accounting practices and information technology deficiencies; and maintain extensive knowledge of risk, process, and controls relevant to risk management.
• Exhibits a positive attitude toward Credit Union initiatives and mission statement, supporting member acquisition and retention.
• Ability to work in a team environment as well as independently.
• Ability to use office technology such as a computer, internet, email, and other office related software
• Ability to work in an office environment for at least 8 hours per day
• Performs other job related duties as assigned

Performance Measurements

Knowledge & Skills

Experience Three to five years of similar or related experience.

Education (1) a bachelors degree, or (2) job-specific skills acquired through an apprenticeship program or past job experience.

Interpersonal Skills Work involves extensive personal contact with others and is of a personal or sensitive nature. Outside contacts become important and fostering sound relationships with other entities (companies and / or individuals) becomes necessary to accomplish routine work.

Other Skills Previous financial institution and software experience preferred.

Must have excellent resource management, project planning, and communication skills.

Must be able to work and use general office equipment.

Physical Requirements The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit; talk; or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop; kneel; or crouch. The employee must occasionally lift and / or move up to 50 pounds. Specific vision abilities required by this job include close vision, distance vision and depth perception.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.

Superior Choice Credit Union is your friendly local financial institution, serving communities for the past 92 years. SCCU gleefully employs over 150 team members, dedicated to providing superior service to over 40,000 credit union members across 12 branches in the Wisconsin / Minnesota area. Learn more at superiorchoice.com.