Internal Audit Supervisor

Internal Audit Supervisor

Job Type: Full-Time

Exemption Type: Exempt

Wage Amount: $75207 yearly minimum

General Summary Primary Functions

The primary purpose of this position is performing individual internal audit projects as part of the total internal audit plan. This responsibility includes:

• Developing internal audit scope
• Performing internal audit procedures
• Preparing internal audit reports reflecting the results of the work performed

Work performed will include coverage of functional and operating units and focus on financial IT and operational processes. Additionally the Internal Audit Supervisor:

• Performs follow-up on the status of outstanding internal audit issues
• Assists internal audit management with periodic reporting to the audit committee
• Contributes to the development of the annual internal audit plan
• Champions internal control and corporate governance concepts throughout the business
• Directs and reviews the work performed by other internal audit personnel including resources from the co-sourcing firm

Employee Management

• Assist the AVP IA in preparing staffs annual evaluations
• Assist the AVP Internal Audit in conducting staff and departmental dialogs
• Ensure that IA staff maintain confidentiality of members employees and volunteers sensitive information
• Identify and communicate changes in professional standards pronouncements laws guidelines and audit requirements to department personnel
• Plan assign and supervise the daily activity and work of other auditors
• Teach train and coach staff
• Monitor and evaluate audit and staff performance using key performance indicators (KPIs) to drive continuous improvement and operational excellence

Auditing

• Collaborate with risk management and compliance teams to align audit activities with enterprise risk management (ERM) objectives and ensure comprehensive risk coverage across the organization
• Assist in researching and producing the annual and long-range audit plans
• Responsible for developing internal audit scope performing internal audit procedures and preparing internal audit reports reflecting the results of the work performed
• Assist in conducting audits of a sensitive technical or complex nature as well as investigations at the request of management the Supervisory Committee or Board of Directors
• Ensure that audit findings are clearly presented to agreed upon by management and validated promptly
• Help prepare audit reports risk assessments and key findings to the Supervisory Committee and Board of Directors ensuring transparency alignment with strategic objectives and support for governance oversight

Miscellaneous Duties

• Assist in providing information and support to external auditors and examiners as needed
• Assist in drafting and preparing letters to NCUA and members in response to complaints as assigned
• Attend present and/or participate in continuing professional education classes and training courses
• Schedule and conduct individual dialogs with direct manager monthly
• Participate in outside credit union-sponsored activities and community/education events to increase credit union awareness
• Serve as team member or project lead in organizational business unit or departmental projects
• Perform other duties as required or assigned

Education and Experience

• Bachelors degree in Accounting Finance or Business required
• Two years of experience in internal auditing required
• Internal Audit certification preferred (e.g. CCUIA CIA CPA or CISA); if not presently certified must obtain designation within 3 years
• One year of supervisory experience required
• One year of financial institution experience preferred

Knowledge Skills & Abilities

• Understanding of internal auditing standards COSO framework and risk assessment practices
• Experience applying auditing standards to audit plans and performing managing and reporting on evaluations of various business processes/areas/functions
• Ability to observe and analyze credit union processes and procedures to identify potential risk and internal controls
• Knowledge of financial statements and accounting principles
• Working knowledge of financial institution products and services
• Working knowledge of data analytics software and automation/AI
• Working knowledge of audit software
• Strong interpersonal skills and ability to work closely with people at all levels of the organization while maintaining confidentiality
• Excellent verbal and written communication skills
• Strong attention to detail problem-solving and organizational skills
• Ability to monitor additions changes new interpretations and updates to regulations
• Proficiency in MS Suite

Regulatory Knowledge

Working knowledge of regulations affecting credit unions including but not limited to:

• Equal Credit Opportunity Act (REG B)
• Truth in Lending Act (REG Z)
• Home Mortgage Disclosure Act (REG C)
• Real Estate Settlement Procedure Act (RESPA & REG X)
• Fair Credit Reporting Act (FCRA)
• Fair Lending Act; Fair Housing Act
• State law regarding unclaimed property and remittance to State
• Unfair or Deceptive Acts Practices (UDAP/UDAAP)
• Dodd-Frank / GrammLeachBliley (GLB)
• Fair Debt Collections Practices Act (FDCPA)
• Bank Secrecy Act Office of Foreign Assets Control Customer Identification Program
• Military Lending Act (MLA)
• Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)
• Expedited Funds Availability Act (REG CC)

Desirable Traits

• Professional appearance
• Flexible working hours
• Dependable
• Possess decision-making abilities
• Ability to think creatively and innovate

Cognitive & Physical Functions

• Must have the ability/stamina to work at least 40 hours a week
• Will frequently reach feel bend stoop carry finely manipulate and key in data
• Must be able to communicate heavily through telephone e-mail and in-person communications
• Must be able to engage in problem-solving skills to help identify and solve potential issues in the field

Decision-Making Authority

Made Independently:

• Decisions regarding employee supervision and routine operation of the department

Requiring Supervisory Approval:

• Decisions outside of supervisory authority
• Any situations outside the policies of the credit union