About Us:

Bank-Fund Staff Federal Credit Union (BFSFCU) is a full-service financial cooperative that was organized and chartered in 1947 as a convenient place for employees of the World Bank Group and International Monetary Fund and their families to save and to obtain credit. Located in Washington, DC, BFSFCU maintains three full-service branches in downtown as well as a full-service Lending Center near Farragut West and Farragut North metro stations.

A senior internal auditor provides objective assurance and advice that adds value as part of a high performing, highly engaged Internal Audit team comprised of internal staff and co-sourced resources. This role is responsible for recommending change that enhances internal control, governance or risk management processes. The auditor assists the organization in achieving its objectives by evaluating the effectiveness of governance, risk management, and internal controls, to meet operational objectives, comply with regulatory requirements, and execute the organization’s overall strategy. The Senior Internal Auditor identifies business process improvement opportunities and makes recommendations to improve performance.

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  Manage staff to plan, coordinate, execute, and report risk-based financial, operational, IT, and regulatory internal audits in accordance with the Internal Audit charter and the approved audit plan. Audit observations are discussed and agreed upon with senior management and included in audit reports that are written by the Senior Internal Auditor and issued to the Supervisory (Audit) Committee, Executive Management, and applicable front-line management.
• Design, develop, direct, and execute audit engagement programs (including identifying appropriate data analysis techniques for audit procedures and/or analytical comparisons that may identify potential issues) to evaluate management controls over all BFSFCU operations and the effectiveness of management in their stewardship of the organization’s resources and compliance with established policies and regulations.
• Design, develop, direct, and execute audit reviews of BFSFCU’s IT systems, IT risk management, data security applications, and other business processes and controls, governance practices, and provide recommendations for improvement where necessary.
• Direct and review the work performed by staff-level auditors and provide continuous coaching and feedback. Provide mentoring, insight and support to aid staff in professional development.
• Utilize 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.
• Assist in planning and executing an annual Internal Audit Risk Assessment to develop the annual audit plan including researching organizational and industry trends in order to rank and prioritize inherent and residuals risks to the organization and develop a comprehensive audit plan.
• Assist the Internal Audit Manager in creation of monthly/quarterly Supervisory (Audit) Committee packages to discuss audit results, the status of current audit projects, and the implementation of outstanding prior audit observation remediation efforts.
• Monitors the status of prior audit observations and follow up with management to document the completion and implementation of audit and/or exam recommendations.
• Coordinate internal audit activities with the outside opinion auditors, the NCUA examiners, and any other required audit/exams.
• Assist the Vice President and Manager of Internal Audit in creating and managing the budget and level of effort performed by the Credit union’s internal audit co-source provider.

• Monitor the status of all prior audit observations and follow-up with management to document the completion and implementation of Internal Audit’s recommendations.
• Stay abreast of developments in the business, including strategic plans and initiatives as well as changes in the regulatory and business environment.
• Maintain auditor independence (in fact and appearance) and a professional and positive attitude at all times.
• 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.
• Participate 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.
• Ensure 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.
• Maintain professional certifications via completion of Continuing Professional Education courses.
• Demonstrate commitment to the Credit Union’s Service PACT philosophy.
• Coordinate third party audit document requests and contribute to conversations under the supervision of the Vice President of Internal Audit and / or Internal Audit Manager.
• Undertake other work-related duties as assigned by the Vice President of Internal Audit and/or the Internal Audit Manager.

Minimum Qualifications or Knowledge, Skills and Abilities Required

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  B.S. Degree in Accounting, Finance, Information Systems or equivalent combination of education and experience.
• Master’s Degree desirable / preferred.
• Professional certification desired, such as CPA, CISA, CIA or equivalent or working towards obtaining licensure
• Applied knowledge of the principles and practices of internal auditing
• Fundamental understanding of risk management frameworks (COSO, COBIT, etc.), internal control practice directives, and experience in applying them to perform evaluations of various operations function
• Understanding of control rationalization, optimization, effectiveness and efficiency
• Demonstrated analytical and problem solving capabilities; experience with data analytics software a major plus (e.g. ACL, IDEA, Arbutus, Tableau, etc.)
• Ability to perform and interpret gap analysis, development of risk remediation strategies
• Strong skills in project management and project closure
• Proficiency with the MS Office Suite
• Strong interpersonal, written, and verbal communication skills

For internal purposes, this position is graded as Exempt-12.