Job Description

Internal Auditor

The Internal Auditor contributes to the obtainment of CapEd's business objectives and mission by maintaining independence and objectivity in the performance of internal audits. Assesses the effectiveness of controls and procedures, accuracy of financial records, level of regulatory compliance, and efficiency of operations. Brings a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management, and control processes for the Credit Union. Utilizes the standards identified by the Institute of Internal Auditors (IIA). Pay: $81,549.00 annually.

Essential Functions & Responsibilities

• Perform internal audits to detect deviations from established laws, regulations, policies, procedures, business practices, and generally accepted accounting practices.
• Document internal audit work and samples, analyze findings, gather adequate supporting evidence, and make sound, appropriate recommendations.
• Oversee the coordination and completion of audits performed by external auditors, including document collection, reporting, and finding resolution.
• In coordination with the Chief Enterprise Risk Officer, perform an internal audit assessment. Using the assessment, develop a three-year risk-based internal audit plan. Throughout the plans lifecycle, at a minimum annually, update risk ratings and audit plans based on the changing needs of the organization.
• Serve as a member of the federal examination preparation team to gather documents and coordinate the process.
• Maintain an ongoing quality assurance program to ensure that audits are conducted in accordance with IIA standards. Works with the Supervisory Committee, Board, and CEO to have a periodic external Quality Assurance Review performed in accordance with IIA standards.
• Develop and maintain a reporting process to communicate audit and exam results, significant risk exposures and control issues, governance issues, and recommendations.
• Maintain procedures for following up on all audit and exam issues identified through internal or external audits and exams. Verifies that corrective actions have been implemented by Management in a timely fashion.
• Provide ongoing reports for management, Supervisory Committee, and the Board of Directors.
• Maintains knowledge of all Credit Union products, services, and promotions.
• Contributes to efficient Credit Union operations by performing other job-related duties as assigned.

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