Internal Auditor
12 days ago
Elgin
Job Description Position Title: Internal Auditor Reports functionally to: Supervisory Committee / Board of Directors Reports administratively to: Chief Executive Officer Grade Level: 11 Full Salary Range: $67,177.17 - $100,765.75 Hiring Salary Range: $67,177.17 - $83,971.46 Key Responsibilities: Internal Audit Execution & Oversight • Execute a risk-based internal audit program, including audits not covered by external audit firms, • Perform branch audits and operational audits to ensure consistency, compliance, and strong internal controls across the organization, • Evaluate the effectiveness of internal controls, policies, and procedures across all business units, • Identify control gaps and provide practical, actionable recommendations that strengthen operations—not just compliance, • Serve as the primary liaison for all regulatory examinations and external audits, • Coordinate interactions with the National Credit Union Administration, Illinois Department of Financial and Professional Regulation, and external audit partners, • Lead exam readiness efforts, including documentation, coordination, and communication across departments, • Track and manage all audit findings, regulatory issues, and corrective action plans through resolution, • Act as a key partner to the Supervisory Committee Chair and Committee members, ensuring they are well-informed and supported, • Prepare and distribute Supervisory Committee meeting packets, including agendas, reports, and supporting documentation, • Coordinate and send meeting invitations and communications, • Upload and manage all materials within BoardEffect, • Attend and present at Supervisory Committee meetings and, when appropriate, the Board of Directors, • Partner with Risk, Compliance (including BSA/AML), Fraud, and Operations to ensure holistic risk coverage and alignment, • Assess enterprise risks including operational, credit, compliance, cybersecurity, and vendor risk, • Provide independent insight into policy effectiveness and regulatory adherence, • Identify opportunities to improve efficiency, controls, and overall effectiveness, • Recommend and implement enhancements to audit processes, reporting, and internal workflows, • Embrace and leverage technology, automation, and data analytics to modernize the audit function, • Operate as a trusted advisor, balancing risk mitigation with business practicality Experience • 7–12+ years of experience in internal audit, risk, or compliance within financial services (credit union or banking preferred), • Experience working with NCUA and/or state regulatory exams, • Proven ability to work directly with Boards, Supervisory Committees, and executive leadership, • Bachelor’s degree in Accounting, Finance, Business, or related field required, • Strong knowledge of internal controls, audit practices, and regulatory frameworks, • Exceptional organizational skills with the ability to manage multiple priorities and deadlines, • Clear and confident communicator—able to translate complexity into actionable insights, • High level of independence, integrity, and professional judgment, • Proactive, solutions-oriented mindset with the ability to recommend and implement change, • Comfortable navigating complex environments and evolving priorities, • Effective execution of internal audits, including branch and operational audits, • Strong, well-coordinated regulatory exams and external audits, • Timely and organized Supervisory Committee reporting and meeting management, • Reduction in repeat findings and measurable improvement in internal controls, • Enhanced alignment between audit, risk, and operational teams, • Health, Vision, Dental Insurance, • Long-term Disability Insurance, • Critical Illness, • Life Insurance, • 401(k) match, • Profit sharing, • PTO, • Flexible Spending Account, • Tuition Reimbursement, • Pet Insurance Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.