Senior Manager of Internal Audit
10 days ago
Middletown
Job Description POSITION PURPOSE The Sr. Manager of Audit is responsible for leading the Credit Union’s internal audit function. This role ensures the effective execution of both in-house and outsourced internal audit activities, with direct execution of audits of low to moderate complexity and oversight of more complex audits handled by external vendors. The Sr. Manager of Audit operates independently of any other area or function of the credit union and as such plays a critical role in assessing the organization’s risk landscape, ensuring compliance with regulatory requirements, and fostering a strong culture of accountability and operational excellence. With functional reporting to the Supervisory Committee and administrative reporting to the CEO, this position safeguards audit independence and promotes transparency across the organization. Sr. Manager of Audit serves as a trusted advisor and is a member of the Senior Leadership Team and is responsible for regular engagement with regulators and internal stakeholders. ESSENTIAL FUNCTIONS AND BASIC DUTIES • Internal Audit Execution & Oversight, • Lead and conduct internal audits of departments, processes, and controls with low to moderate complexity., • Serve as the primary liaison between the credit union and its externally sourced internal audit service provider for high-complexity or high-resource engagements., • Review and evaluate audit reports and recommendations from vendors and internal findings for quality and completeness., • Monitor progress and resolution of all audit findings (external audit, internal audit, and examination) through ongoing tracking and follow-up activities., • Ensure accountability with due dates and resolutions and escalate concerns quickly if barriers with certain leaders are identified and not quickly remediated., • Reviews cash control procedures and monitors safeguarding of assets. 2. Governance, Risk & Compliance • Oversee the development and maintenance of the annual audit plan and risk-based audit assessment in close collaboration with the Supervisory Committee, Management and any outside audit firm., • Administer the Credit Union's current audit tracking system including updates, workflows, reporting, and quality assurance., • Serve as the primary point of contact during regulatory and compliance examinations from federal and state agencies (e.g., NCUA, NY-DFS)., • Stay informed of changes in the regulatory and financial service landscape and where appropriate, translate those changes into audit programs which assure the organization's compliance with such regulatory requirements. 3. Leadership & Communication • Provide regular, clear, and comprehensive reports to the Supervisory Committee, including updates on audit activities, emerging risks, and audit resolution progress., • Partner with the CEO and Senior Leadership to provide insights and recommendations that support business performance and control effectiveness., • Where appropriate, actively participate in Senior Leadership Team meetings, contributing thought leadership on governance, risk, and controls., • Serve as a peer coach and mentor across the organization, influencing and insisting on a culture of accountability, ethics, and continuous improvement. 4. Other duties as assigned. What's in it for you? Salary: $105,000 - $120,000 per year (depending on experience) Benefits: • Incentives and Merit Increases, • Paid Time Off & Paid Federal Holidays, • Medical, Dental, Vision & Life Insurance, • Employee Assistance Program, • Flexible Spending Accounts/HSA, • 401(k) with Employer Match, • Educational Assistance EDUCATION/CERTIFICATION: • Bachelors in Accounting, Finance, Business Administration, or a related field., • Minimum of 3+ years of progressive experience in internal audit, risk management, or regulatory compliance, preferably within a financial institution or credit union., • CPA, CIA, CISA, and other relevant professional certifications strongly preferred., • Demonstrated knowledge of the International Standards on Auditing (ISA) as issued by the International Auditing and Assurance Standards Board (IAASB)., • An understanding of and adherence to the Auditors code of Ethics and the Standards for the Professional Practice of Internal Auditing as developed by the Institute of Auditors., • Excellent knowledge of audit management and applicable regulations and good communication skills., • Strong understanding of internal control frameworks (e.g., COSO), auditing standards, and risk management practices., • Familiarity with credit union regulations, NCUA and state examinations, and emerging financial industry risks., • Ability to project a professional appearance and positive attitude at all times., • Excellent project management, communication, and analytical skills., • Experience using P.C. based banking software and Microsoft Office, etc., • Ability to maintain professional boundaries that support the internal audit process., • Demonstrated experience managing audit projects and leading external audit vendors., • Ability to work independently and exhibit high ethical standards and discretion.
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