Manage and develop a high performing, highly engaged Internal Audit team comprised of internal staff and co-sourced resources. Continue development and implementation of strategic and functional improvements in Internal Audit practices to maximize relevance and performance. Highly visible position, requiring development of relationships with Supervisory Committee and organizational leadership. Provide the Supervisory Committee, Board of Directors, and Executive Management with independent and objective assurance designed to add value and improve operations. Assist the organization in achieving its objectives by evaluating the effectiveness of management’s governance, risk management, and internal controls to meet operational objectives, comply with regulatory requirements, and execute the organization’s overall strategy.

• Manages internal and/or co-sourced staff to plan, coordinate, execute, and report risk-based financial, operational, information technology and regulatory internal audits in accordance with the Internal Audit charter and the approved audit plan. Audit observations are discussed and agreed with senior management and included in audit reports that are written by the Manager, Internal Audit and issued to the Supervisory Committee, Executive Management, and applicable front-line management.
• Prepares monthly / quarterly management reports and, along with the Vice President of Internal Audit, meets with the Supervisory Committee to discuss internal audit results, the status of current audit projects, remediation of audit observations, and the implementation of outstanding prior audit recommendations.
• Manages an annual budget consisting of audit, consulting, coordination, management reporting, and training hours performed by the Credit Union’s internal audit co-source provider and internal staff.
• Maintains accountability for Internal Audit’s audit management software, including the preparation, approval, and maintenance of all work paper documentation.
• Coordinates internal audit activities with the outside opinion auditors, NCUA examiners, NACHA, co-source providers, and any other required audit/examination teams.
• Performs special independent reviews as directed by the Vice President of Internal Audit and on behalf of the Supervisory Committee pursuant to the receipt of NCUA letters of complaint from members.
• Oversees the development, execution, and documentation of the internal audit plan to include audits of all business units and branches at BFSFCU. This includes deposit and lending functions, IT services, Wires/EFT, Member Relations, Human Resources, Finance/Accounting, Treasury, Risk Management, and other operational areas.
• Utilizes data analytics techniques where applicable to plan / scope audits as well as during project fieldwork. This includes analyzing data to identify trends to determine key areas of audit focus and further investigation. Result of data analytic procedures are also included in audit exit packages and final reports, where applicable.
• Plans and executes an annual Internal Audit Risk Assessment in order to develop the annual audit plan. The risk assessment consists of interviewing senior management and researching industry trends in order to rank and prioritize inherent and residuals risks to the organization and develop a comprehensive multi-year audit plan.
• Proactively manages the monitoring of prior audit observations status and oversees the audit staff’s follow-up with management to document the completion and implementation of audit and/or exam recommendations.
• Develops testing procedures and activities to assist management in performing independent periodic audits resulting from new regulatory guidance and/or NCUA examination recommendations.
• Assures that all contractually required and special audits are performed when required. These projects may include annual audits of the Bank Security Act (BSA), Fair Lending, National Automated Clearing House Association rules (NACHA), penetration testing, USAP testing, SAFE Act compliance, and any other similar type reviews.
• Assists in investigating internal employee fraud, malfeasance, embezzlement, defalcation, etc. and report findings to the Supervisory Committee and/or the Board of Directors.
• Along with the Vice President of Internal Audit, interviews candidates and makes recommendations for hiring and supervise staff to perform the internal audit function.
• Successfully participate in annual Information Security refresher training. Comply with the Information Security Policy, including the immediate reporting of unusual or suspicious activity to management and the Information Security Officer. Follow all procedures to protect company computers from viruses, and to maintain the security and confidentiality of Credit Union data.
• Participates in annual Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) training and demonstrate knowledge and understanding of the BSA and OFAC, including the immediate reporting of unusual or suspicious activity to the Risk Management Department. Undertake additional training specific to daily responsibilities and as required to ensure continued compliance with all applicable regulations.
• Ensures the Credit Union’s safe harbor protections as allowed by the BSA. Understand that if confronted with knowledge of existence of a Suspicious Activity Report (SAR), an obligation exists to preserve the confidentiality of that SAR, as well as any information that may reveal the existence of a SAR. Maintain awareness of, and immediately report to the Compliance Officer, any unauthorized disclosure of a SAR, or unauthorized disclosure of information related to a SAR. Understand that failure to do so is a violation of federal law and may lead to both civil and criminal penalties for SAR disclosure violations.
• Maintains auditor independence (in fact and in appearance) and a professional and positive attitude at all times. Serves as a role model for employees.
• Monitors new business developments, strategic plans, initiatives, and changes in the regulatory environment.
• Maintains professional certifications through obtaining continuing professional education credits.
• Demonstrates commitment to the Credit Union’s Service PACT philosophy.
• Undertakes other work-related duties as assigned by the Vice President of Internal Audit.

Minimum Qualifications or Knowledge, Skills and Abilities Required

Education:

• B.S. Degree in Accounting, Finance, Information Systems, or equivalent combination of education and experience.
• MBA / Master’s Degree desirable / preferred.

Professional Qualifications:

• Minimum 10 years of relevant experience
• Professional certification such as CPA, CISA, CIA, or equivalent
• Extensive applied knowledge of the principles and practices of internal auditing
• Fundamental understanding of risk management frameworks (e.g., COSO/COBIT), internal control practice directives (e.g., IIA Standards), and experience in applying them to perform evaluations of various operations functions
• Knowledge of project management and development techniques
• Thorough understanding of accounting and auditing standards (GAAP, GAAS, International Standards for the Professional Practice of Internal Auditing, and the Code of Ethics developed by the Institute of Internal Auditors)
• Strong interpersonal, written, and verbal communication skills
• Demonstrated analytical and problem-solving capabilities; experience with data analytics software a major plus (e.g. ACL, Arbutus, IDEA, Tableau)
• Experience and subject matter expertise with financial service-specific core and lending software a plus.

Additional Managerial Qualifications:

• Strong rapport and earn the respect of management based on a commitment to add value
• Ability to deal sensitively in a multi-cultural environment and to build effective working relations with clients and colleagues
• Ability to:

Focus on the big picture and overall strategic framework for development

Inspire trust and passion in the BFSFCU mission

Promote client orientation

Drive for results

Select, coach, appraise and develop staff

Manage staff to achieve quality results

Encourage innovation in an open, team based environment.

Influence and resolve differences across boundaries

Promote diversity and inclusion