Director Internal Audit, Credit Risk and Lending

To be effective, an individual must be able to perform each job duty successfully.

• Conducts organizational audit risk assessment for purposes of developing the Credit Risk and Lending annual audit plan, and reviews and revises the plan quarterly or as needed. Communicates and reviews results of risk assessment and annual audit plan with Supervisory Committee.

• Oversees, directs and manages daily workflow of senior and staff auditors to ensure audit schedule is maintained.

• Oversees quality control activities of the Credit Risk and Lending audit team, including coordinating regular peer reviews of department processes.

• Evaluates and assesses governance, culture, risk, and control structure and environment.

• Oversees performance of Credit Risk and Lending audits throughout the credit union.

• Evaluates efficiency and effectiveness of team and consults with VP to continuously improve audit processes.

• Analyzes and prepares annual team financial budget based on assessed needs, and submits these requests to the VP of Internal Audit.

• Reviews or oversees review of work papers prepared by team for adherence to department procedures and the Institute of Internal Auditors (IIA) standards. Provides appropriate feedback, as necessary.

• Reviews internal audit reports prior to issuance for adherence to department procedures and the IIA standards. Provides appropriate feedback, as necessary.

• Evaluates new auditing standards, regulations, and accounting pronouncements, as applicable.

• Assists VP in developing, maintaining, and distributing monthly internal audit status reports for distribution to Executive Management, Supervisory Committee, and Board of Directors

• Complies with all regulations as required by law, including but not limited to Bank Secrecy Act, OFAC, FACT Act, GLBA, Regulation CC (funds availability), Regulation DD (TIS) and other regulations as required by law as it relates to the position.

• Performs other duties as assigned.

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience

• 10+ years of internal audit experience including at least five years in an internal audit management capacity.

• Advanced knowledge of industry, markets and regulations relevant to auditing Credit risk and lending processes.

• Familiarity with regulatory credit risk requirements and application of such guidance

• Demonstrated subject matter experience in credit risk management and financial statement analysis

• Prior experience with Big 4 accounting firm preferred.

Education

Degree in business, finance, accounting, economics, or quantitative discipline, or related field. Graduate degree in a Management or related subject preferred.

Licenses, Certificates, Registrations

One of the following professional certifications such as CIA, CFA or CPA required.

Computer/Office Equipment Skills

• Advanced level skill for Microsoft Office (Outlook, Word, PowerPoint, Excel), especially Excel.

• Experience with data analysis required.

• Knowledge of computer assisted audit techniques preferred.

Managerial Responsibility

• Has supervisory/managerial responsibilities that are direct or through work leaders or assistants, typically with a subordinate group of 4 to 8 employees.

• Estimates personnel needs and assigns work to meet these needs.

• Supervises, coordinates and reviews the work of assigned staff.

• Recommends candidates for employment, conducts performance evaluations and salary reviews for assigned staff, and applies company policy.

• Includes senior department heads without staff, assistant manager, or manager.

Interpersonal Skills

A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and is usually of a personal or sensitive nature. Work may involve motivating or influencing others. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

Language Skills

Must have the ability to read, understand and carry out instructions in written and oral form. Ability to communicate effectively and courteously. Strong written communication skills required.

Other Skills and Abilities

• Understanding of financial institution operations and transactions.

• Advanced understanding of accounting principles and COSO framework.

• Advanced understanding of information technology and security risks and controls (including COBIT framework).

• Advanced understanding of applicable regulations, as outlined in Essential Duties and Responsibilities above.

• Ability to understand regulations.

• Understanding of credit union data system and ability to use a computer and software applications.

• Ability to think critically and recognize and analyze problems, improprieties, and opportunities for improvement.

PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands

Ability to talk, hear, sit, use hands to handle or feel and reach with hands and arms consistently. Ability to stand, walk, kneel and crouch occasionally

Vision Requirements

Close vision (clear vision at 20 inches or less) Distance Vision (clear vision at 20 feet or more)

Weight Lifted or Force Exerted

Ability to lift up to 10 pounds consistently and up to 50 pounds