Who We Are
We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.
At BHFCU, we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.
General Purpose: Assist the Internal Audit Manager with their responsibility for overseeing the safety and
soundness of the Credit Union’s assets by evaluating the adequacy and effectiveness of the internal control procedures established and implemented by management. May have no direct responsibility over any activity reviewed or audited.
Essential Duties/Responsibilities
The Internal Auditor II position is responsible for the timely execution of risk-based internal audits in accordance with the annual audit plan, as well as assisting the Internal Audit Manager with departmental oversight and other audit matters and projects. This responsibility includes developing internal audit scope, performing internal audit procedures, and preparing internal audit reports reflecting the results of work performed under the guidance of the Internal Audit Manager. Work performed will include coverage of functional and business areas focusing on financial, operational, compliance, and Information Technology processes. This position must ensure audit work complies with the International Standards for the Professional Practice of Internal Auditing.
- Perform assigned audits both individually and in collaboration as part of the Internal Audit team. Lead audit work as auditor in charge, as requested. Conducts risk assessments of the individual business areas, identifying and documenting controls in place to mitigate identified risks.
- Defines audit scope and objectives for the areas being audited.
- Develops testing plans relevant to risk and test objectives.
- Completes audit programs and documents results of audit work according to approved audit procedures and scope, and the Institute of Internal Auditors (IIA) Standards.
- Analyzes and concludes on the effectiveness and efficiency of the control environment. Determines whether established policies and procedures are being complied with consistently. Identifies control gaps and opportunities for improvement where applicable.
- Prepare quality written audit reports outlining strengths and weaknesses in the control environment and compliance with credit union goals, objectives, policy, procedures, and applicable laws and regulations.
- Reviews and edits internal audit workpapers and reports prepared by other internal audit staff as requested by the Internal Audit Manager.
- Build effective working relationships with stakeholders to facilitate transparency and help drive control improvements. This includes validating factual accuracy of findings, clearly articulating and dimensioning issues, delivering and communicating audit statuses and results and recommendations to business area management, and working with management to ensure proposed action plans address the root cause of issues. Review actions taken by management to correct deficiencies.
- Identify opportunities for and perform data analytics.
- Oversee and complete all projects as assigned. Keeps management apprised of all critical issues.
- Participate in annual risk assessment and planning activities as assigned.
- Assist in maintaining departmental quality assurance program.
- Assist outside auditors and regulatory examiners under the direction of the Internal Audit Manager.
- May assist in preparing and sharing documents for Supervisory Committee meetings and attend meetings as requested.
Other Duties/Responsibilities
- Keep abreast of changes to policies, procedures, and internal controls by reading pertinent materials and attending relevant training courses.
- Travel to member service centers to review operations as required by the Internal Audit Manager.
- Perform other duties that may be assigned by the Internal Audit Manager or Supervisory Committee.
Job Knowledge
- Understanding of internal auditing standards, COSO, and risk assessment practices.
- Knowledge of business English, spelling, grammar, and composition.
- Working knowledge of the Credit Union’s rules, products, services, regulations, procedures, and service philosophy.
- Ability to effectively communicate with all levels of the organization and to outside parties.
- Considerable knowledge of personal computers and related PC software equipment.
- Strong working knowledge of Microsoft Office, including Excel, Word, and Adobe Acrobat is essential.
- Must be able to read and interpret financial reports received from various sources.
- Working knowledge of general accounting principles.
- Effective analytical, problem solving and decision-making skills.
Job Qualifications (Skills)
Black Hills FCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position. The following list outlines the physical considerations that are normally encountered in this job.
- Vision: A sighted person to read and interpret financial data and to verify funds.
- Speech/Hearing: Ability to communicate verbally and in writing with volunteers, staff, members, and appropriate outside parties.
- Manual Dexterity: Ability to perform necessary computer-related input.
- Physical Mobility: Limited mobility required. May periodically be required to lift bags of coin or other items up to 30 lbs.
Job Qualifications (Ability)
- Ability to set priorities and manage one’s own time effectively.
- Ability to prioritize multiple, and sometimes, conflicting tasks.
- Ability to express oneself, clearly and concisely, both orally and in writing.
- Ability to prepare and maintain confidential records and reports.
- Ability to gather, assemble, correlate, and analyze facts and develop solutions.
- Ability to analyze statistics and financial data.
- Ability to interact positively with management, volunteers, coworkers, and the public to promote a team effort and maintain a positive attitude even under extreme pressure.
- Ability to think critically with an improvement focused mindset.
Job Qualifications (Education/Experience)
Job requires a four-year college level of understanding in accounting, finance, information systems or business. Three years of audit or related experience required. Experience in the financial services industry is strongly preferred. Certification (CPA, CIA, CISA, or similar certification) is strongly preferred. Formal training should be supplemented with continuing education. If hired, employee must maintain active membership in The Institute of Internal Auditors (IIA). Any fees associated with membership will be covered by employer.
Working Conditions
Material and Equipment Involved
- Personal Computer
- Presentation Aids
- Signature Pads
- WebEx
- Tablet and Mobile Devices
- PA Sound System
- Video Recording Devices
- Scanners
- Projectors and Screens
- PowerPoint
- Photocopy Machine
- Excel
- Various Software Applications
- Word
- Cash Dispatch Machine/Cash Recycler
- Salesforce
Work Environment/Physical Activities
Occasional travel to one of BHFCU’s branch locations or attendance at community events may be required.
This position has the option of a hybrid work schedule, with at least three days per week in the office. An assessment of the remote work environment must be completed prior to a remote work plan being developed.
Job requires limited physical effort. It is primarily a desk assignment. Work within a highly structured and closely supervised environment. Ability to function in a fast-paced area. Ability to handle multiple tasks simultaneously. Work creates normal fatigue daily. Work creates moderate stress during certain periods during daily routine. The job calls for a high degree of mental concentration to interpret and act upon a wide range of situations. The job requires a degree of attention to details.
Notice: This job description is not intended to be, nor should it be construed as, a contract or guarantee for employment. BHFCU adheres to all federal and state labor laws regarding termination and probationary periods. This position is also subject to all the personnel policies of the Black Hills Federal Credit Union. Changes may be made to this job description at any time by the President or Supervisory Committee. Black Hills Federal Credit Union is an equal opportunity employer.
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