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Manager, Internal Audit

Company: Job Juncture
Location: Schaumburg
Posted on: January 18, 2023

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.
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.
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:

  • Understanding of consumer compliance regulatory requirements such as SCRA, MLA, FDPA, FCRA, UDAAP, Regulation Z, etc. combined with experience in a banking environment, specifically, mortgage, deposits, credit card, consumer lending, etc.
  • Eight + years of auditing experience with emphasis on financial institution compliance
  • Certified Regulatory Compliance Manager (CRCM) and/or NAFCU Certified Compliance Officer (NCCO) preferred
  • Excellent understanding of the Institute of Internal Auditors (IIA) guidelines and ability to comply with IIA standards.
  • Strong background and experience with audit methodologies and testing techniques.
  • Knowledge of how applications and related Information Technology General Controls support achievement of business processing objectives.
  • Experience in using data and analytical processes, including Excel and other related tools, to evaluate and support internal audit projects and reviews, required
  • Demonstrated proficiency in providing leadership and executing audit projects
  • Excellent interpersonal and teamwork skills
  • Demonstrated critical thinking and problem-solving skills
  • Must possess strong analytical, people and written and oral communication skills. Ability to work through conflict, find common ground and get cooperation effectively, while maintaining appropriate levels of confidentiality and discretion

    When you’re happy, we’re happy!
    As a thank you for joining our team, you’ll benefit from:

    • Competitive medical, dental, and free vision benefits
    • Competitive compensation plan
    • Contributions towards gym memberships
    • Generous PTO and banking holidays off


Keywords: Job Juncture, Schaumburg , Manager, Internal Audit, Executive , Schaumburg, Illinois

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