Internal Audit Supervisor - A+ Federal Credit Union

Internal Audit Supervisor

Job Type: Full-Time

Exemption Type: Exempt

Wage Amount: $71,626 yearly minimum

The primary purpose of this position is to assist the Credit Union in achieving its mission of becoming the members’ financial partner and helping to fulfill their life-long dreams. Your role to achieve this mission will be to provide outstanding service to internal members; supervise the Internal Audit (IA) staff and assist the VP IA with the management of the department.

Essential Functions:

Employee Management

• Manage and supervise the daily activities and responsibilities of IA staff.
• Assist the VP IA in preparing staff’s annual evaluations.
• Assist in the hiring, termination, and observations of the IA Staff.
• Assist the VP Internal Audit in conducting staff and departmental dialogs.
• Ensure that IA staff maintain confidentiality of members’, employees’, and volunteers’ sensitive information.
• Provide support to IA departmental employees as necessary.

Auditing

• Responsible for administrating reoccurring, lower risk audits and associated reporting (including, but not limited to branch audits).
• Assist the VP IA in researching and producing the annual and long range audit plans.
• Assist the VP Internal Audit in conducting audits of a sensitive, technical, or complex nature as well as conducting investigations at the request of management, the Supervisory Committee, or Board of Directors.

All Other Duties

• Serve as backup in the event the VP IA is not available.
• Assist the VP IA as necessary in providing information and support to external auditors and examiners.
• Assist the VP IA in drafting and preparing letters to NCUA and members in response to complaints
• Assist the VP IA in educating Supervisory Committee members regarding regulations affecting the credit union as well as audit topics, as necessary.
• Perform all other duties as assigned.

Education and Experience

• Bachelor’s degree in Accounting, Finance, or Business
• Four years’ experience in auditing required.
• CIA or CPA preferred; if not presently certified, must obtain designation within two years.
• Supervisory experience preferred

Knowledge, Skills & Abilities

• Strong knowledge of auditing policies, standards, and procedures.
• Working knowledge of financial institution products and services.
• Ability to observe and analyze credit union processes and procedures to identify potential internal control weaknesses.
• Ability to prepare audit reports for review and approval by VP of Internal Audit.
• Ability to interact positively with all levels of credit union staff and must be confidential.
• Ability to supervise and train staff.
• Excellent verbal and written communication skills
• Strong problem solving and organizational skills
• Knowledge of financial statements, and accounting principles
• Working knowledge of spreadsheet software
• Working knowledge of regulations affecting credit unions, including the following:

1. Equal Credit Opportunity Act (REG B)
2. Truth in Lending Act (REG Z)
3. Home Mortgage Disclosure Act (REG C)
4. Real Estate Settlement Procedure Act (RESPA & REG X)
5. Fair Credit Reporting Act (FCRA)
6. Fair Lending Act; Fair Housing Act
7. State law regarding unclaimed property and remittance to State
8. Unfair or Deceptive Acts Practices (UDAP/UDAAP)
9. Dodd-Frank/ Gramm–Leach–Bliley (GLB)
10. Fair Debt Collections Practices Act (FDCPA)
11. Bank Secrecy Act, Office of Foreign Assets Control, Customer Identification Program
12. Military Lending Act (MLA)
13. Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)
14. Expedited Funds Availability Act (REG CC)

• Ability to monitor additions, changes, new interpretations and updates to regulations

Desirable Traits:

• Pleasant and professional appearance
• Detail oriented
• Enjoys working with others using courteous professional approach.
• Flexible working hours.
• Dependable
• Possess decision-making abilities.
• Ability to think creatively and innovate

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

Types of Decisions made independently: Decisions regarding employee supervision and routine operation of the department.

Types of Decisions requiring supervisory approval: Decisions outside of supervisory authority will be made with the approval of the VP Internal Audit