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Develop, maintain, and execute a comprehensive risk-based Internal Audit Plan aligned with the credit union's strategic objectives, risk profile, regulatory requirements, and industry best practices.
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Perform annual enterprise-wide audit risk assessments and present audit plans and recommendations to management and the Audit Committee for approval.
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Continuously evaluate audit coverage and identify emerging risks requiring audit attention.
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Maintain the Internal Audit Charter, methodologies, policies, procedures, and quality assurance processes.
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Establish a long-term strategy to mature the Internal Audit function and increase internal audit capabilities.
Outsourced Audit Management
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Serve as the primary point of contact and relationship manager for all outsourced internal audit firms and co-sourced audit partners.
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Coordinate audit activities, schedules, scope, timelines, requests, and communication between auditors and business units.
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Ensure audit engagements are completed efficiently, independently, and in accordance with professional auditing standards.
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Review audit reports for quality, accuracy, completeness, and consistency before issuance.
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Monitor vendor performance and recommend changes to audit service providers when appropriate.
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Assist in negotiating audit scopes, engagement schedules, and annual audit budgets.
Audit Coordination and Execution
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Manage the annual audit calendar and coordinate all audit fieldwork activities across the organization.
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Facilitate audit entrance meetings, status meetings, and exit conferences with management and auditors.
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Coordinate responses to audit requests and ensure timely delivery of information and documentation.
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Act as a trusted advisor to management on audit observations, root causes, risk implications, and remediation strategies.
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Begin performing selected audits internally, including operational, compliance, financial, technology, and process-focused reviews where appropriate.
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Prepare audit work papers, testing documentation, observations, and reports for internally conducted audits.
Audit Issue Tracking and Remediation
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Maintain a comprehensive audit issue tracking program for all internal audits, external audits, and regulatory examinations.
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Monitor management action plans and remediation efforts for identified findings.
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Validate corrective actions and supporting evidence to ensure issues are appropriately resolved.
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Escalate overdue or high-risk issues to management.
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Provide regular reporting on audit findings, trends, and remediation status.
Reporting
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Prepare monthly, quarterly, and annual Internal Audit reports for the Audit Committee and Board of Directors.
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Develop meaningful reporting metrics, dashboards, and key risk indicators to support governance oversight.
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Maintain effective communication with executive leadership regarding significant audit matters.
Regulatory Examination Coordination
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Coordinate internal audit support for examinations conducted by the state regulators, external auditors, and other regulatory agencies.
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Serve as a key liaison between regulators and management during examinations.
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Coordinate examination requests, document submissions, management responses, and follow-up activities.
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Track regulatory findings and monitor corrective action plans through completion.
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Analyze examination results and identify opportunities to strengthen controls and compliance practices.
Governance, Risk Management, and Control Enhancement
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Evaluate the adequacy and effectiveness of internal controls, governance practices, and risk management processes.
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Partner with business leaders to identify control improvements and risk mitigation opportunities.
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Promote a culture of accountability, compliance, and continuous improvement across the organization.
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Support enterprise risk management initiatives by providing independent assurance and insight.
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Recommend enhancements to policies, procedures, monitoring activities, and control frameworks.
Program Development and Continuous Improvement
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Develop a roadmap for expanding the Internal Audit function and bringing select audit activities in-house.
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Implement audit management tools, issue tracking systems, and reporting enhancements.
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Establish ongoing monitoring and continuous auditing processes where appropriate.
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Stay informed of regulatory developments, industry trends, emerging risks, and auditing best practices affecting credit unions.
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Lead special projects, investigations, and consulting engagements as assigned.
What We Look For In You
Education
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Bachelor's degree in Accounting, Finance, Business Administration, Risk Management, or related fields.
Experience
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Minimum 8-10 years of progressive experience in Internal Audit, Risk Management, Regulatory Compliance, Public Accounting, or related fields.
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Minimum 5 years of experience leading audit programs within a financial institution, credit union, bank, or financial services organization.
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Experience interacting with Audit Committees, executive leadership, external auditors, and regulators.
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Experience managing outsourced audit providers or co-sourced audit arrangements strongly preferred.
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Experience conducting operational, financial, compliance, and risk-based audits.
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Credit union industry experience preferred.
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Experience with regulatory examinations and supervisory activities preferred.
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Experience building or maturing an Internal Audit function is highly desirable.
Certifications
One or more of the following certifications preferred:
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Certified Internal Auditor (CIA)
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Certified Information Systems Auditor (CISA)
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Certified Risk Management Assurance (CRMA)
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Certified Fraud Examiner (CFE)
COMPETENCIES
Knowledge, Skills, and Abilities
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Thorough knowledge of internal auditing principles, professional standards, and risk-based audit methodologies.
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Strong understanding of credit union operations, regulatory requirements, compliance frameworks, and internal controls.
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Knowledge of NCUA regulations, state regulatory requirements, and financial institution governance practices.
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Ability to assess organizational risk and develop effective audit strategies.
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Strong project management and organizational skills.
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Excellent analytical, problem-solving, and critical-thinking abilities.
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Exceptional written and verbal communication skills.
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Ability to present complex information effectively to management.
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High degree of integrity, objectivity, professionalism, and confidentiality.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit. The employee frequently is required to use hands to handle objects and to operate a PC, and to talk or hear. Specific vision abilities required by this job include close vision and the ability to adjust focus.
Note: This job description is non-contractual, or an exhaustive list and it may be added to or changed to from time to time.
Salary
This compensation range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At SFFCU, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range for the San Francisco Market is an annual salary of $156,000 to $234,000.
Our Benefits
We have a competitive compensation and benefits package, but the true reward of working for SF Fire Credit Union goes beyond what you’ll see on a pay-stub. We genuinely care our employees and we strive to invest in their professional and personal growth. We’re a relatively small organization at about 200 employees, so you can see the impact of your efforts and the value your contributions bring to our members and fellow employees.
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401(k) and Employer Match
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Health, Vision, Dental and Life Insurance
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Annual Incentive/Bonus Program
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Tuition Reimbursement Program
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11 Paid Holidays + Competitive PTO package
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Home & Consumer Loan Program (Discounted Rates)
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Professional development and training programs
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On-demand personal coaching resource
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Wellness Program (Discounted Gym Membership)
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