Head of Internal Audit

Partners Federal Credit Union - Lake Buena Vista, FL

Lake Buena Vista, FL, USA
Anaheim, CA, USA
Full time

Head of Internal Audit
Req ID: 10011466

Job Description:

The Head of Internal Auditor leads the development of PFCU’s Internal Audit strategy and implements the approach. Responsibilities include:

Collaborates with, integrates guidance from and ensures transparence with the BOD's Supervisory Committee and Senior Management.
Ensures internal audit is leading implementation and/or conducting due diligence activities which are in compliance with all applicable regulations.

Leveraging prioritized and continuous audits, the Head of Internal Audit determines and recommends internal controls provides adequate safeguards to ensure the Credit Union's general operating efficiency and compliance with laws, regulations, managerial policies, and generally accepted accounting principles.

Primary liaison for the reporting of identified areas of risk and audit findings, along with status of corrective action plans to the Supervisory Committee.

Responsible for delivering consistent internal service to fellow staff members and maintaining open communication with key constituents.
Ensures that Credit Union Internal Audit team educates and orients clients with an understanding of the internal audit role, purpose and key metrics of the Divisions and its leaders.

Identifies audit issues and perform root cause analysis with practical corrective solutions. Work cross-functionally with operational business units to complete findings, follow up and issue validation.

As necessary, draft and oversee follow-up on assigned audit report action plans.
Principal Responsibilities

Plan audits e.g. documenting activity flows of the processes to be reviewed.

Execute audit fieldwork from initiation to completion, in line with the agreed audit approach, e.g. documenting activity flows, identification of key risks, testing of key controls to determine whether they are properly designed and are operating effectively and documenting work in accordance with PFCU and TWDC standards.

Evaluate financial documents for accuracy and compliance with federal regulations.
Enhance, implement and streamline leading audit practices, processes and strategy.
Perform ongoing analysis of audit practices (methodology, annual planning, risk assessment, cycle, MIS reporting) continuing to improve the PFCU audit processes.

Draft high-quality audit reports, facilitate issue tracking, validate the closure of issues, and approve closure of important issues.
Review and provide expert opinions on action plans provided by stakeholders, helping them develop robust remediation plans.
Complete all assigned audit work in line with agreed budgets, including ad hoc projects and special investigations.
Identify the financial risk of the organization and offer recommendations to reduce risk.
Identify accounting and financial record-keeping processes that can be improved.
Determine ways to cut costs and improve profitability.
Present findings to the Executive Management Team and Board of Directors in the form of reports and presentations.

Qualifications (required):

Bachelor's Degree
Minimum five years of financial institution accounting, auditing, lending, and/or operations
Minimum of five years of managing employees
Knowledge of federal banking/credit union regulatory and internal control requirements
Demonstrated ability to perform Compliance analysis and adherence
Proficiency in Microsoft Office suite (Word, Excel, Outlook)
Ability to organize work, and solve problems quickly
Ability to perform in a fast-paced environment with changing priorities
Ability to perform independently and as a team member
Must have excellent people skills and be highly motivated and well-organized
Must have excellent oral and written communication skills
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
Ability to define problems, collect data, establish facts and draw valid conclusions
Ability to make decisions when necessary
Demonstration of strong math and reasoning skills
Clear and concise communication with Executives, the Board of Directors, External representatives (regulatory and federal)
Demonstration of ability to formulate, create action plans and deliver recommendations to key constituents
Authority to discuss with the regulators the internal audit area policies and procedures
Consistently displays teamwork, reliability, adaptability, strong product knowledge, and good judgement
Qualifications (preferred)

Audit Certification (CIA)
Compliance certifications from industry partners, such as CUNA Credit Union Internal Auditor (CCUIA), NAFCU Certified Compliance Officer (NCCO), or Certified FI Regulatory Compliance Manager (CRCM)
Minimum of three years Partners' Federal Credit Union experience or a Credit Union of comparable size
Internal Audit for Credit Union or financial institution experience
Support Credit Union Operations experience
Retail Credit Union Operations experience
Loan operations and Under-writing experience

Posting Date: 
August 24, 2022