Credit Union:

Red Canoe Credit Union

Region:

Longview, WA

Closing:

12/15/2024

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Job Description:

KEY RESPONSIBILITIES

Strategic Audit Leadership

  • Develop and execute the annual internal audit plan based on a comprehensive risk assessment, aligning with the credit union’s strategic objectives.
  • Ensure an appropriate mix of internal resources and external partners to optimize the co-sourcing model, addressing complex and high-risk areas.
  • Oversee all audit engagements, including planning, execution, and reporting to ensure compliance with audit standards and regulatory requirements.
  • Provide oversight and coordination for the credit union’s annual state and NCUA examination.
  • Assist the Supervisory Committee with selecting the credit union’s external financial auditor.

Risk Management and Compliance

  • Evaluate the credit union’s compliance and risk management frameworks, identifying key risk areas and recommending enhancements.
  • Work closely with executive management to promote a culture of risk awareness, emphasizing the importance of compliance with regulatory and internal policies.

Governance and Reporting

  • Report audit findings and strategic recommendations to the Supervisory Committee, senior management, and the board, offering insights to support decision-making.
  • Ensure ongoing communication with the Supervisory Committee, including regular meetings to update on audit progress, emerging risks, and key findings.

People and Vendor Management

  • Lead a team of internal audit staff, providing mentorship and professional development opportunities.
  • Manage relationships with external audit vendors, ensuring alignment with audit scope, and budget for co-sourced engagements. Serve as the Supervisory Committee’s liaison between regulatory examiners, external auditors, and Credit Union staff.

Internal Investigations

  • Investigate fraud and other suspicious activity and partner with Human Resources on appropriate course of action.
  • Administer the credit union’s Whistle Blower program.

Continuous Improvement and Quality Assurance

  • Implement best practices in internal auditing and ensure compliance with Institute of Internal Audit standards and other regulatory frameworks.
  • Oversee quality assurance and improvement programs within the internal audit function to enhance audit effectiveness and consistency.

MINIMUM QUALIFICATIONS

  • Education: Bachelor’s degree in accounting, or related field required.
  • Certifications: CPA, CIA, or CISA required.
  • Experience: Minimum of 10 years of internal audit experience, with at least 5 years in a senior leadership role within a financial institution, preferably within a credit union.

BASIC REQUIREMENTS OF POSITION

  • This role requires a balance of strategic thinking and hands-on involvement, with a focus on strengthening internal controls and risk management practices.
  • Minimal travel, though some may be required for audit management and training.
  • Strong knowledge of regulatory requirements for credit unions, exceptional communication and thorough knowledge of audit procedures, regulations and credit union operations.
  • Management, supervisory, and organizational abilities; strong analytical, research and problem-solving skills; creative and able to develop innovative solutions.
  • Working knowledge of software and other solutions for internal audit.
  • Performs administrative functions for the Internal Audit department, such as Human Resources tasks related to the department and staff, etc.
  • Establish department work schedules, plans, and financial budget. Review staff workpapers. Ensure audit fieldwork, testing, and evidence is sufficient to support conclusions.
  • Able to work with independence and to thrive in a collaborative team-oriented environment.
  • Must work cooperatively with both Senior Management and Supervisory Committee.
  • Able to prioritize work assignments and organize work schedules to meet deadlines.
  • Possess ability to make sound decisions and to follow up with appropriate action.
  • Able to communicate and work with individuals at all levels, inside and outside the credit union.
  • Able to research laws, rules, regulations, and keep informed of current trends in industry.

ESSENTIAL MENTAL, PHYSICAL & ENVIRONMENTAL DEMANDS

  • Physical – Office mobility required. Approximately 20% standing, 70% sitting, 10% walking, as need demands. Possess sufficient manual dexterity (e.g. fingering, carrying, etc.)  To skillfully operate standard office equipment including a computer, photocopier, and telephone. Other demands include talking, handling & reaching, seeing (corrected vision) and hearing in normal range. A telephone device to enhance hearing will be provided if needed. Occasional light lifting; maximum lift requirement is 30 pounds. Periodic inter-department or interdepartmental access may be required, including distribution and access to various materials, equipment, meetings, etc. Storage and retrieval of materials, maximum reach required is 84 inches.
  • Mental – Mental effort required involving considerable organization, planning and analytical efforts with superior communication. General demands include alertness, memory, observation, empathy, ingenuity, learning ability, problem solving; patience; initiative; memory; objectivity, creativity, speaking ability, reading and writing ability, judgment, persuasiveness, concentration, flexibility, precision, and auditory discrimination.
  • Environmental – Minimum discomfort from heat, dust, air conditioning, noise, including external road noise. Transport within remote department and/or main office/facility may be single or multilevel (as required) including a variety of stairways, elevators, etc. Exposure to computers and other electronic equipment. Lunch/break area exposed to microwave; and is in basement at main office. The facility is 100% free of tobacco smoke.
  • Equipment – Essential equipment used includes, but may not be limited to telephone, personal computer, on-line terminal, calculator, and office security systems.