Job Information
Heritage Financial Credit Union Vice President of Audit in Middletown, New York
Vice President of Audit
Middletown, NY (http://maps.google.com/maps?q=25+Rykowski+Lane+Middletown+NY+USA+10941)
Job Type
Full-time
Description
Join a Purpose-Driven Team at Heritage Financial Credit Union – Where Integrity, Excellence, Teamwork, and Community Matter!
Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed. Our values are at the heart of everything we do. We believe in:
• Integrity: We are honest and trustworthy in all of our dealings with our members, employees, and the community.
• Excellence: We strive to provide our members with the best possible service.
• Teamwork: We believe that we can achieve more together than we can alone.
• Respect: We treat each other with dignity and respect.
• Community: We are committed to giving back to the communities we serve.
If you are looking for a challenging and rewarding career in the financial services industry with a company that is committed to its mission, vision and values, we encourage you to apply for a position at Heritage Financial Credit Union. Here you will find a supportive and collaborative work environment where you can make a difference in the lives of our members and our community. We offer a competitive salary, comprehensive employee benefits package, including a very generous PTO policy.
POSITION DESCRIPTION
Position: Vice President of Audit
Classification: Exempt
Department: Administration
Approved By:Chief Executive Officer
REPORTING RELATIONSHIPS
Position Reports to:The Supervisory Committee and the Chief Executive Officer
Positions Supervised:One Direct Report (TBD)
POSITION PURPOSE
The Heritage Financial Internal Audit (IA) department provides independent assessments of the credit union’s governance, risk management and internal control environment for key stakeholders including the Board of Directors, senior management and regulators. The Audit Department is a change agent within HFCU to enhance the control culture of the various operating groups organization wide. The VP of Audit serves as a senior-level manager over the IA department and maintains a Quality Assurance (QA) function that reports to the Supervisory Committee and the CEO. The QA function provides independent assurance that audit has achieved and is maintaining appropriate standards of audit delivery (set against both Audit’s own internal standards and the Standards and Code of Ethics of the International Auditing and Assurance Standards Board (IAASB). The VP of Audit also will be responsible for managing one direct report who will support the day-to-day audit operations, ensuring that audits are executed efficiently, in accordance with established protocols, and aligned with the organization’s strategic goals. The VP of Audit will provide guidance, mentorship, and performance oversight to this direct report, fostering a collaborative environment to drive continuous improvement within the audit team.
SALARY: $148,159 - $166,679 Annually
Requirements
ESSENTIAL FUNCTIONS AND BASIC DUTIES
Evaluates both operational, administrative and accounting controls and prepares report to the Supervisory Committee and CEO on compliance with credit union standards and on problems which require strengthening of internal controls.
Determines if system of authorization and recording procedures are adequate to provide reasonable accounting control over assets, liabilities, income and expenses.
Develop test plans that include sample selection criteria and test the operating effectiveness of key controls at interim, year-end and remediation testing.
Manages audit activities, policies and procedures. Implements changes and upgrades, as necessary.
Provides recommendations to business areas on remediating control weaknesses and track remediation to completion.
Communicates opportunities to improve profitability and mitigate/reduce expenses both in hard costs and through uncovered inefficiencies. Track and report on remediation efforts.
Creates, reviews, and maintains end-to-end process documents around internal controls— including narratives, flowcharts, and risk/control matrices.
Ensures audit functions are performed using the most efficient processes, methods and systems.
Oversees the production of audit reports or other unit work product ensuring accuracy.
Ensure best in business Service Level Standards (SLA’s) are established and maintained by the Audit Department.
Communicates with employees to assure positive and clear understanding of Audit Department’s goals and direction.
Creates and nurtures relationships with key stakeholders across the credit union to ensure audit objectives are effectively met and contribute to the overall mission of the credit union.
Reviews work performed to support effective execution of the audit plan.
Performs responsibilities of position in accordance with federal and state regulations, credit union policies and procedures.
Reviews cash control procedures and monitors safeguarding of assets.
Determines that there is segregation of duties and dual control, as necessary.
Conducts design meetings and control walkthroughs to evaluate and document design effectiveness of the key controls.
Reviews pertinent documents necessary to determine if an audit trail exists for all records and systems.
Coordinates audits, tests and follow-up with internal stakeholders and external auditors to minimize duplicate work.
Monitors activity in staff accounts as well as file maintenance done on member and staff accounts.
Evaluates compliance with regulations applicable to the credit union’s operations in all departments and branches and assures compliance to credit union’s policies and procedures.
Manages the development of the department's audit program and universe risk assessment process or advisory services, projects or noncore audit process.
Development of the annual plan to ensure appropriate resources/coverage.
Addresses issues escalated by team members and manages disagreements and gains appropriate resolution to complex issues with stakeholders across the enterprise.
Escalates to senior leadership as appropriate.
Responsible for overall employee performance management of unit employees to include hiring, coaching, employee development, recognition, and disciplinary action, as applicable.
Meets regularly with employees to monitor progress towards objectives, as applicable.
Prepares and delivers annual performance reviews for assigned employees, as applicable.
Prepares reports of all work done and submits to Supervisory Committee and CEO for review, follow-up and recommendation for action. Discusses findings with supervisors/managers of areas evaluated.
Recommends changes to policies, workflow, efficiencies and quality.
Develops and conducts training, as necessary.
Performs additional duties as assigned.
PERFORMANCE MEASUREMENTS
Performance is measured against the goals as outlined by the position established by the Supervisory Committee.
QUALIFICATIONS
EDUCATION/CERTIFICATION:4-year college degree plus five to seven years’ experience in audit management; or a comparable combination of education and experience. Designation as a CPA, CIA, CFSA or CBA.
REQUIRED KNOWLEDGE:Excellent knowledge of audit management and applicable regulations and good communication skills. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work. The employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance.
EXPERIENCE REQUIRED: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 IAASB. Experience using P.C. based banking software and Microsoft Office, etc.
SKILLS/ABILITIES:Ability to project a professional appearance and positive attitude at all
times. Excellent project management, communication and analytical skills. Ability to maintain professional boundaries that support the internal audit process.
REASONINGABILITY:Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions and deal with several abstract and concrete variables.
MATHEMATICSABILITY:Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
Equal Opportunity Statement
Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.
Salary Description
$148,159 - $166,679 Annually
