VP, Internal Audit

Position: VP, Internal Audit

Department: Internal Audit

Reports to: Supervisory Committee

FLSA : Full-Time, Exempt

Grade: 16

Location: Hybrid, 7101 East 56th Street, Indianapolis, IN, 46226

Purpose: The primary purpose of this position is to fulfill our vision of inspiring financial wellness. The position must deliver high-quality service to both internal and external members by supporting and promoting our values to Care, Listen, Learn, Solve, and Act. The position reports directly to the Supervisory Committee.

The VP, Internal Audit conducts audits of the Credit Union to assess risk, the effectiveness of controls, accuracy of financial records and efficiency of operations; provides documentation assessment of the Credit Union's internal control systems; and reports findings and makes recommendations to enhance the Credit Union’s operating and control systems.

Essential Duties

• Leads, manages, and holds staff accountable. Responsible for the development and training of staff, ensuring staff are well trained in all phases of their jobs. Administers annual, monthly, and in-moment coaching and review of employee performance. Sets goals for the upcoming month and develops plans to improve employee performance
• Maintain a professional audit staff with sufficient knowledge, skills, and experience to meet the requirements of established audit standards and policies.
• Establish and implement a risk-based audit plan for Supervisory Committee approval to determine the priorities of the Internal Audit Department consistent with the Credit Union’s goals
• Establish policies, procedures and audit programs to guide the Internal Audit Department’s achievement of audit objectives.
• Manages the Internal Audit Department to ensure audit work fulfills the general purposes and responsibilities described in the Internal Audit Charter and conforms to the International Standards for the Professional Practice of Internal Auditing.
• Identify and evaluate risk exposures that contribute to the improvement of risk management and control systems.
• Evaluate the Credit Union’s effectiveness, efficiency and continuous improvement.
• Evaluate the process through which the Credit Union’s values and goals are established, communicated and preserved; the accomplishment of goals is monitored; and accountability is ensured.
• Identify, analyze, evaluate and record sufficient information to achieve audit objectives.
• Supervise Internal Audit staff to ensure objectives are achieved and quality is assured
• Communicate audit results in a timely, accurately, objectively, clearly, completely and constructively to management, the Supervisory Committee and the Board.
• Establish and maintain a system to monitor the disposition of results communicated to management.
• Serves as the primary liaison with external audit firms for communication and support.

Experience

Knowledge and Skills

• Minimum of 5 years of financial institution auditing or examination experience
• Must be proficient in Microsoft Office Word, Excel, Access and Outlook; Windows Explorer; web-based research; keyboard skills
• Must be proficient in applying internal auditing standards, procedures and techniques; accounting principles and techniques; management principles and techniques; and human relations
• Must have a comprehensive understanding of the fundamentals of economics, commercial law, finance, quantitative methods and information technology
• Must be familiar with NCUA Rules and Regulations and applicable state and federal laws and regulations

Education/Certification/Licenses

• Bachelor’s degree in Accounting, Finance or related field preferred

Interpersonal Skills

• Must be skilled in dealing with people and maintaining satisfactory relationships with audit clients.
• Must be skilled in oral and written communications.

Other Skills

• Must be proficient in applicable Credit Union systems within 90 days of being selected

ADA Requirements

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in emergency. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary.

Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

Mental and/or Emotional Requirements

Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence.

Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.

Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.