Job Summary: Auditing is the management function which independently examines and evaluates the adequacy and effectiveness of both operational and accounting controls and determines if these controls provide assurance that assets are safeguarded, promote efficiency and encourage adherence to policies and regulations.
All job positions at 7 17 Credit Union may be assigned further duties with or without notice, verbally or in writing. Essential duties and responsibilities include the following:
Primary Duties:
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Establish and maintain operational policies and procedures for the internal audit function.
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Develop and execute comprehensive plans to review, monitor and evaluate the managerial and internal accounting controls established for overall credit union activities.
- Manage and develop the internal audit staff.
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Perform audits of all credit union operations mutually agreed to by the Supervisory Audit Committee and/or the Vice President, Compliance.
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Investigate possible employee defalcations as outlined in Board Policy.
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Document appropriately the results of all audits, reviews and evaluations performed.
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Recommend improvement of managerial and internal accounting controls designed to safeguard resources, promote growth, operational efficiency and effectiveness, and ensures compliance with all applicable laws and regulations including those of the State of Ohio, the Division of Financial Institutions, and the NCUA as they pertain to state-chartered credit unions.
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Monitor the adequacy of action taken by management to correct reported internal control weaknesses and deficient conditions (reported by both internal and external auditors/examiners) and continues to review, with the appropriate management personnel, actions considered inadequate until the matter has been satisfactorily resolved.
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Manage external audit firms and supervisory examiners.
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Communicate directly to the Supervisory Audit Committee, at any time, any matters considered to warrant its attention, acquainting the committee with any problems encountered and any significant uncorrected weaknesses in internal controls.
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Understand and follow Standards for Professional Practice of Internal Auditing.
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Perform training and make presentations to credit union employees and volunteers as needed.
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Work on special assignments and projects as needed.
Secondary Duties:
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Serves on the Risk Management Committee as a non-voting member.
This position manages the following jobs: Internal Auditors and Interns
Internal and External Contacts: Other Employees, Members, Vendors, Corporate Management
Confidentiality Requirements: The Internal Audit Manager is authorized to have access to all records required to discharge the duties of the position.
Travel Demands: Must be able to travel to all 7 17 locations and for education.
Prerequisite Education:
1. High school diploma or equivalent
2. Bachelor’s degree in accounting/finance/audit or related field._
Prerequisite Experience:
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Should have a minimum of 5 years of experience in auditing, preferably with a financial institution.
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Professional designation completed or in progress (CPA, CIA, CISA)
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Prior, direct management experience is desired.
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Knowledge of fraud investigation is desired.
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Strong analytical and problem solving skills with the ability to analyze business activities, identify problems or opportunities and help develop creative solutions.
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Demonstrated ability to adhere to a strict code of ethics in handling confidential information.
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An understanding of current accounting (GAAP) and auditing (GAAS) principles.
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Ability to work with minimal supervision, take the initiative, and meet prescribed deadlines.
Required knowledge, skills and abilities once in the job:
1. Customer service attitude and skills to include: Team player attitude, commitment, patience, enthusiasm, creativity, listening, comprehension, initiative, cooperation, attention to detail, resourcefulness.
2. Professionalism to include: Confidence, good judgment, appropriate demeanor and appearance, ability to interact with employees and members.
3. Skills to include: Problem solving, decision making, time management, interpersonal communications, presentation and organization.
Certifications, licenses required once in the job: CIA, CPA, or CISA
Physical, Mental or Visual 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: stand, walk, sit, use hands to finger, handle, or feel objects, tools, or controls, reach with hands and arms, talk or hear.
This job regularly requires the employee to lift _1__ to _20_ pounds __5_ times per day.
Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, the ability to adjust and focus.
Working Conditions: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
