22 days old

VP of Internal Audit

Ent Credit Union
Colorado Springs, CO 80903
  • Job Code

The Vice President of Internal Audit (VP of IA) has primary responsibility for the development and execution of an annual agile audit plan as informed by a dynamic audit risk assessment, management of audits and consultative engagements, and Audit Committee reporting. In summary, this role is accountable for all aspects of effectively managing the third-line of defense. The VP of IA drives and directs the success of several engagements happening simultaneously and is responsible for promoting business solutions and fresh ideas to improve Ents system of internal controls to operate within risk appetite and tolerable limits, and drive appropriate responses when outside those bounds. A key tenet of this role is to assure that management is aware of audits in progress as well as open and outstanding issues. Overseeing successful and timely implementation of corrective action is key.

The internal audit program should provide reasonable assurance for the prevention and detection of loss at Ent Credit Union, by testing the design and operating effectiveness of the system of internal control. To that end, this role will be responsible to determine the on-going adequacy of the quantity and quality of staffing with emphasis of being ready for the Heightened Expectations of the environment when over $10 billion of assets. The VP of IA will collaborate with the Vice President of Corporate Monitoring & Testing to adequately cover the risk surface of Ent Credit Union.

This role reports functionally to the Audit Committee of the Board of Directors, and administratively to the Chief Risk Officer. The VP of Internal Audit is key in supporting Ents responsible growth and is expected to demonstrate efficient, effective, and higher performance.

Essential Job Duties and Responsibilities:

Organizational Audit Strategy:

Develop internal audit standards, policies, programs, and audit strategies. Research emerging risks and changes to industry and profession.

Complete the annual risk assessment for the credit union and formulate, implement, and administer the annual audit plan.

Carry out the annual audit plan through performance of internal audits, utilization of external audit resources, and in collaboration with Corporate Monitoring & Testing.

Research and advises on ways to incorporate data analytics in audit planning and fieldwork.

Develop, work on, and complete Internal Audit department and overall Risk Management division projects.

Organizational Audit Operations:

Perform/oversee audit follow-ups. Complete/oversee special investigations or questionable activity reviews. Participate in due diligence activities.

Provide monthly reports to the Audit Committee detailing findings, recommendations, managementresponses, pertinent comments for audit activities, and KPIs.

Complete Board Monitoring Reporting to assist the Audit Committee in meeting their fiduciary responsibilities

Organizational Audit Liaison:

Coordinate the preparation and support activities of credit union staff during Division of Financial Services, National Credit Union Administration, or any other regulatory agency on-site examinations and external auditor visits.

Foster effective and appropriate relationships with credit union management. Ongoing consulting, presentations, and management meetings.

Departmental Management and Leadership:

Management of internal audit staff regarding quality and quantity and reporting out to the CRO and Audit Committee quarterly.

Provide clarification / direction on work assignments.

Provide direct reports coaching / mentoring / leadership development opportunities towards achieving development goals.

Other duties as required.

Minimum formal education required for this position:

A Bachelors degree is required. Masters degree or J.D. in Risk Management, Business Administration, Accounting, or related field of study is preferred, and knowledge consistent with these levels will be considered.

Minimum work experience:

10+ years combined experience in Internal Auditing, Quality Assurance, or Compliance Testing in large financial institution ($10+ billion in assets and larger) risk environments, or public accounting and consulting experience equivalents. 5+ years management experience as a division manager or higher.

Technical or specialized knowledge/skills:

  • Keeping it real marrying up the mastery of the application of internal auditing theory, auditing standards, procedures, and techniques to reality commensurate with the size, complexity, risk profile, organizational structure, and product/service set of Ent Credit Union. Exceptional regulatory and legal compliance and prudent risk management are the goal.

  • Very strong command of accounting and audit concepts/principles.

  • Proven effective leadership and management experience.

  • Demonstrated experience with communicating and managing up to Board of Directors and committees thereof.

  • Strong understanding of management principles, general business systems, and internal controls.

  • Understanding of financial institutions and applicable regulatory oversight specific to financial institutions.

  • Excellent oral and written communication skills with the ability to adjust to the intended audience.

  • Strong interpersonal skills.

  • Aptitude for detail / analytical work, yet ability to synthesize and explain in Plain English.

  • Proven ability to hold confidential information in strict confidence.

  • Enjoys team and staff development as well as painting the picture of the way forward.

  • Experience in managing vendor relationships for outsourced and co-sourced audit services.

  • Familiarity with concepts used in performing network, internet, database, and technical audits.

  • Understanding of technology processes (i.e. change management, security, technology operations, and application controls).

  • Working knowledge of computer assisted audit techniques and automated software.

  • Aware of advanced internal audit practices.

  • Experience working closely with Second-line independent testing team.

  • Proficiency with the Microsoft Office Suite of Office products (Word, Access, Excel, and Visio in particular), and a GRC Platform or similar Internal Audit solution.

Certifications required:

  • At least one of the following is required:
    • Certified Public Accountant (CPA)

    • Certified Internal Auditor (CIA)

    • Certified Information Systems Auditor (CISA)

    • Related nationally accredited Auditor designation approved by the Chief Risk Officer

Environmental, physical and psychological requirements:

  • Must be able to sit or stand for prolonged periods of time in a climate controlled environment. Must be able to use fingers, hands, wrists for repetitive tasks such as typing, using a mouse, handling paper, currency, or coin, and operating a telephone. Demands for visual and auditory acuity are typical of an office environment. Must be able to interact via email, telephone, or in person with diplomacy, tact, and courtesy with all members under varying circumstances. Must be able to lift up to 40 lbs.

Salary range for this position: $167,190.40 - $250,764.80 (This position is eligible for an annual corporate bonus based upon performance)

For information on our benefits please visit:https://www.ent.com/globalassets/pdf-files/legal/benefit-summary-sheet-2021.pdf

Internal Audit

Posted: 2021-02-09 Expires: 2021-03-10
Sponsored by:
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Sponsored by:
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VP of Internal Audit

Ent Credit Union
Colorado Springs, CO 80903

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