Manager, Internal Audit
Company: Job Juncture
Location: Schaumburg
Posted on: January 18, 2023
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Job Description:
What will your day look like?
You will be responsible for providing leadership and assisting the
VP, General Auditor in the development and execution of a
comprehensive program of internal auditing that proactively reviews
and validates regulatory, reporting and operational controls
specifically focused and directed towards compliance with all
applicable Federal consumer financial laws. Work consists of
managing audit engagements, varying in complexity, and often
participates in complex, cross-functional risk-based assurance and
advisory engagements driving quality of audit work. May lead
engagements. Maintains knowledge of financial services regulations
and effectively responds and interacts with regulators. Provides
oversight to multiple audit engagements and participates in review
of engagement planning, fieldwork and reporting. Manages strategic
initiatives and assists with the development and implementation of
a risk-based audit plan. Serves, and/or partners with subject
matter expert(s) within audit or the business to analyze issues,
establish collaborative client relationships, and proactively work
with client management to assess risk and improve internal
controls. Resources to do the job require reliance on knowledge of
accounting and auditing rules and applicable NCUA guidelines,
Consumer Financial Protection Bureau (CFPB) rules and policies,
State of Illinois and other regulations applicable to financial
services organizations, project management skills, leadership and
presentation skills. Direction is received from the VP,
General Auditor.
Responsibilities:
Do you see yourself doing this?
Audit Responsibilities:
· Planning and
performing compliance audits including review and approval of audit
workpapers Also, responsibilities include managing relationships
with third parties that are engaged for purposes of validating
first and/or second line of defense activities.
· Supports, VP,
General Auditor in scheduling, managing internal audit activities
including coordination with third parties to ensure collaboration.
Responsible to ensure efficient and focused execution of audit
activities in accordance with Internal Audit function
objectives.
· Coordinates and
assists in annual risk assessment specifically related to
compliance which is a major component of the annual plan.
Responsible for providing input and assisting in the development of
the Annual Internal Audit Plan and annual budget.
· Works with VP,
General Auditor to implement goals and measures of performance of
the Internal Audit Department. Responsible for managing process for
tracking and reporting all post-audit or preventive issues and
resolutions. Provides status report at a minimum quarterly
regarding open issues and monitors monthly actions and updates with
functional department leadership.
· Coordinate and
lead meetings on post-audit or preventative issues to review,
identify resolutions and establish timeline for action steps.
Manages and/or performs follow-up reviews as needed to ensure
recommendations and corrective actions resulting from internal
audits, third-party audits and regulatory examinations have been
implemented.
· Quarterly, when
requested by VP, General Auditor, attends and/or presents findings
and results of internal audits, third party audits, external
audits, and regulatory examinations as well as the status of the
Annual Plan to the Supervisory Committee of the Board of
Directors.
· Examines and
evaluates the effectiveness of internal controls and compliance
with existing policies, procedures and regulatory requirements
while managing and/or executing individual audits when
appropriate.
· Participates in
task/project teams or committees as assigned (i.e. regulatory
compliance, information security, system conversion or training)
and provides recommendations.
· Collaboratively
serves when necessary as a liaison to credit union departments on
compliance internal control matters.
· Supports VP,
General Auditor and facilitates as appropriate governance
documentation development, enhancement and management – such as –
periodic review and revision of Internal Audit Charter and Policy,
development, implementation and monitoring of an Internal Audit
Quality Assurance and Improvement program, implementation and
maintenance of an Internal Audit Policy and Procedure manual.
· Understand the
key risks that threaten the achievement of the organization’s
business objectives and assess the appropriateness of management’s
responses to these risks through audits
· Promote a
collaborative, increasingly “audit-aware” relationship with
operational process owners
· Maintains
integrity and ethics in all actions and conversations with or
regarding credit union members and their accounts; complies with
privacy act directives. Adheres to the Institute of Internal
Auditors' International Standards for the Professional Practice of
Internal Auditing (Standards) and Code of Ethics.
Leadership (all times):
· Continual
assessment, discerning development, insightful coaching and talent
utilization/optimization of direct reports
· Capture, analyze,
and understand the internal environment, team dynamics, and talent
capabilities to address organizational refinement, agility and
growth
Performance Management (all times):
· Applies great
management practices in leading an engaged workforce to effectively
deliver the value of this function
· Provides a
structured and consistent approach to ensure that individual
development plans are in place, performance management is
consistent, performance management process is respected and
followed, and coaching and feedback are provided on a regular and
dynamic basis.
Adhere to and ensure compliance of all business transactions with
policy and process of the Bank Secrecy Act. Ensures
compliance with all applicable state and federal laws, company
procedures and policies. Maintains integrity and ethics in all
actions and conversations with or regarding credit union members
and their accounts; complies with Privacy Act directives.
Qualifications:
What makes you a great fit?
You’ll be a great fit if in addition to the Completion of a
Bachelor’s degree in Accounting, Finance, or related field
required, and you have:
When you’re happy, we’re happy!
As a thank you for joining our team, you’ll benefit from:
Keywords: Job Juncture, Schaumburg , Manager, Internal Audit, Executive , Schaumburg, Illinois
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