Position Summary- Director of Internal Audit
Responsible for leading the overall direction of the internal audit function and for planning and conducting operational, financial, and compliance audits to evaluate the effectiveness of internal controls and management of organizational risk. Makes recommendations to management to increase the efficiency or effectiveness of the control systems reviewed. The work will include managing audits including evaluating internal controls, performing and documenting audit test work, communicating audit issues to management, writing audit reports, identifying and evaluating emerging areas of organizational risk.
Supervises: Internal Auditors I, II & III
Essential Job Functions and Responsibilities
1. Manage direct reports to maximize productivity, efficiency, and the potential of the human assets of TTCU, including, but not limited to: hiring, directing job assignments, monitoring staff performance, coaching, counseling, training, assuring compliance with regulatory requirements and organizational mission, values, policies and work rules. Appraise performance and provide recommendations for staff compensation, promotion, and termination, as appropriate. Prepare, present and adhere to the annual budget for the department.
2. Conduct audits of various policies, procedures, and processes within Credit Union operations to identify risks and ensure appropriate risk mitigation techniques are implemented and that policies and procedures are being adhered to. Communicate with applicable management and officials audit results, recommendations, and follow-up.
3. Develop and maintain a risk assessment, audit plan, strategic plan, and audit programs that encapsulate the TTCU risk universe. Through research and training, stay current on audit techniques, regulations, programs, and best practices for the internal audit profession and credit union industry. Prepare and lead Supervisory Committee meetings keeping management up to date.
4. Communicate with external parties (National Credit Union Administration and Engaged Opinion Audit Firm) to supply them with the information needed to complete their objectives.
Bachelor's degree in Business, Finance, Economics or other related discipline required
Must have and maintain a valid driver's license
Certified Internal Auditor designation or Certified Public Accountant with audit experience required
6 years Internal Audit or Public Accounting with an audit background required
2 years leadership experience motivating, recognizing and coaching teams to success
Maintains effectiveness when experiencing major changes in the work environment; adjusts effectively to new work structures, processes, or requirements.
Makes good decisions based upon a mixture of analysis, wisdom, experience, and judgment; most solutions and suggestions turn out to be correct and accurate when judged over time; sought out by others for advice and solutions.
Develops others through coaching, feedback, and challenging stretch goals, tasks and assignments; holds frequent development discussions; aligns employee career development goals with organizational needs.
Possesses a sufficient level of technical and professional skill or knowledge in position-related areas; keeps up with current developments and trends in areas of expertise; actively seeks ways to grow and be challenged using both formal and informal development activities.
Ensures that employees understand the full range of their responsibilities with an emphasis upon standards and results. Also provides necessary support, including balanced and timely feedback.
Gathers and analyzes diverse sources of data; separates what is relevant from what is not; determines root causes; defines situations accurately before determining problems and formulating approaches to solutions; is able to accomplish complex tasks with minimal guidance or instruction.
Can determine performance drivers for each person and customize motivational techniques in order to create a climate in which people perform at their best; is someone people like working for and with.
Recognizes and understands own moods, emotions, and drives; is able to utilize feedback and self-reflection productively.
Advanced knowledge with Microsoft Office (Word, Excel, PowerPoint, SharePoint and Outlook), Access, and Visio; as well as database reporting and various accounting-related software and applications
Knowledge of the Institute of Internal Auditors Standards, Ethics, and the International Professional Practices Framework
Knowledge of auditing techniques, programs, and reporting
Knowledge of regulations, rules, and governing bodies pertaining to credit unions
Must have knowledge of basic concepts of internal controls and accounting practices
Ability to independently manage the details of multiple projects, to track activities and meet deadlines
Must be able to interact and communicate, both verbally and in writing, with all levels of TTCU employees, regulators, and external auditors. Must build and maintain professional relationships. Goal-driven leader who maintains a productive climate and confidently motivates, mobilizes and coaches team members to meet high-performance standards. Strong attention to detail and the ability to maintain confidential information appropriately and exercise discretion, sensitivity, and tact at all times. Ability to create an atmosphere that promotes TTCU’s Core Values by maintaining a high level of personal integrity, presenting a friendly, enthusiastic and professional demeanor while providing extraordinary service to members and fostering teamwork among employees.
Routinely perform work indoors in climate-controlled private work area with minimal noise. Must be able to perform job functions independently and work effectively either on own or as part of a team. Must be able to plan and direct the work activities of self and others. 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 able to perform intermediate mathematical calculations with accuracy. 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 the 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 the highest level of discretion on both internal and external confidential matters.
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