Internal Auditor

POSITION PURPOSE

 The Compliance & Risk department is responsible for maintaining regulatory compliance, risk identification and mitigation, vendor management, dispute resolution, member complaint review, quality control, BSA/fraud monitoring and reporting.

The Internal Auditor is responsible for independently evaluating the Credit Union’s internal controls, risk management practices, and compliance with applicable laws, regulations, and internal policies. This role helps safeguard member assets, ensure operational efficiency, and support the Supervisory Committee and Board in fulfilling their oversight responsibilities.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

SERVICE: 

• Assumes responsibility for supporting, demonstrating, and promoting the Credit Union SERVICE culture. Support, Educate, Respect, Value, Innovate, Communicate, Empower.  Consistently demonstrates a commitment to the Credit Union’s principles of equity and belonging, by modeling inclusive behaviors, proactively managing bias and supporting JHFCU’s diverse employee base and membership.

RESPONSIBILITIES:

RISK MANAGEMENT & INTERNAL CONTROLS

• Develops, recommends, and executes a risk-based internal audit plan approved by the Supervisory Committee.
• Evaluates the effectiveness of internal controls, governance, and risk management processes.
• Identifies and provides recommendations to strengthen control weaknesses, reduce risk, process inefficiencies, and areas of non-compliance.
• Identifies appropriate solutions and formulates sound reasonable recommendations for management’s corrective action, using appropriate criteria and cost-benefit considerations.
• Tracks and follows up on corrective actions to ensure timely resolution.  

REGULATORY COMPLIANCE & GOVERNANCE

• Asseses compliance with appropriate laws and regulations.
• Monitors adherence to credit union policies, procedures, and strategic objectives.
• Stays current on regulatory changes, audit standards, and industry best practices.
• Promotes a culture of accountability, ethics, and compliance.
• Manages the whistleblower program including conducting internal investigations relating to JHFCU matters.

AUDIT EXECUTION

• Prepares clear, accurate audit reports detailing findings, risk levels, and recommendations.
• Conducts internal audits of financial, operational, and compliance functions.
• Assists with regulatory exams and external audits as needed and provides day-to-day support for external auditors, e.g. create open lines of communication, provide regulatory updates, advise on difficult situations, etc.

REPORTING & RECOMMENDATIONS

• Presents audit results to management, Supervisory Committee, and/or Board of Directors.
• Communicates recommendations to management through logical, clear and concise written and oral means to gain understanding and agreement on audit issues and commitment to implement corrective action.

OTHER DUTIES: 

• Remains compliant with applicable laws and regulations, including but not limited to BSA and the USA Patriot Act
• Ensures compliance with Credit Union standards and makes recommendations as needed.
• Responsible for any additional duties and/or responsibilities as assigned. 
• Keeps current in the field of auditing, and credit unions in particular, by participating on the regional audit and compliance roundtables and by membership in professional organizations such as the IIA, AICPA, ACUIA, and/or ACFE.  Keeps license(s) active by ensuring annual credit requirements are met.
• Ability to travel as needed.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION/CERTIFICATION AND EXPERIENCE

• Bachelor’s degree in Business, Finance, Accounting, or a related field.
• Minimum 3-5 years’ experience in internal audit or similar assurance-related roles in financial institute area.
• Equivalent combination of education and experience may be considered.
• Certified Credit Union Internal Auditor or Certified Internal Auditor.
• Strong knowledge of internal controls and audit standards.
• Excellent analytical, organizational, and problem-solving skills.
• Strong written and verbal communication skills.
• High level of integrity, objectivity, and confidentiality.
• Ability to work independently with little or no supervision on audit assignments, determining when to act independently and when to refer situations to superiors.
• Ability to develop and maintain effective working relationships with employees, management, members of the Supervisory Committee and Board of Directors.

This position is eligible for a hybrid work schedule.  The ability to work in a hybrid work arrangement is based on work performance and the ability to create and maintain engaging work relationships.