AVP Internal Audit

SUMMARY OF POSITION:

The AVP Internal Audit is responsible for: managing and coordinating financial and operational Internal Audit Services to evaluate the design and operation of systems and controls established to protect the assets of Tower Federal Credit Union, ensuring testing for compliance with laws and regulations, and promoting audit department efficient operations. The Internal Audit Department measures and evaluates the effectiveness of organizational controls over assets and verifies operations are in compliance with state, federal and NCUA regulations as well as TFCU policies and procedures. In addition, the incumbent is responsible, on a secondary level, for specific functional legal/regulatory compliance, as outlined in the Principal Accountabilities and Functions and/or included in an Addendum to the position description.

PRINCIPAL ACCOUNTABILITIES AND FUNCTIONS:

• Fee reversals/waivers outside product design or internal policy;
• Interest rates not in accordance with approved rates,
• Transactions not in accordance with related regulations or internal policy, or
• Identification of unusual transactions or other anomalies

Provides timely results of data mining with analyses to appropriate Internal Audit staff for their follow up regarding relevant audits or inquiries.

REQUIRED QUALIFICATIONS:

• Bachelor's degree, preferably in Accounting, Finance or Information Systems
• (4) years of supervisory experience planning, leading, evaluating the work of assigned technical staff
• Successful programs/project management experience
• Professional certification(s) (CPA, CIA, CISA, CFE) required

COMPETENCIES:

• Ability to evaluate design of system of controls
• Proficient with PC in a Microsoft Windows environment to include Microsoft Office applications (Word, Excel)
• Ability to apply concepts of fractions, percentages, ratios and proportions to practical situations
• Ability to create, edit and format word processing and spread sheet documents using formulas and data tools, including graphs
• Ability to enter data, sort and extract information from database systems
• Ability to efficiently operate a PC in an Internet environment
• Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures and government regulations.
• Ability to write reports communicating results of audits, business correspondence, and procedure manuals.
• Ability to provide explanation or instruction in one-on-one situations with members or employees either in person or over the phone.
• Ability to effectively present information and respond to questions from management, groups of peers or members.
• Ability to write, read and interpret procedure manuals (operations and technical)
• Ability to read, analyze and interpret business periodicals, professional journals, technical procedures, statistical reports and government regulations
• Ability to exchange information in one-on-one situations with employees
• Ability to convey/present information effectively to groups, with varying degrees of experience, and to respond to questions from a diverse audience
• Ability to solve problems with many concrete variables in a variety of situations where only limited standardization exists
• Ability to define problems, collect data, establish fact and draw valid conclusions
• Ability to focus on detail and verify accuracy of numbers and text
• Ability to interpret a variety of technical instructions
• Ability to develop cost-beneficial recommendations to reduce operational risk, improve level of compliance with regulations, or improve operating efficiency.
• Ability to troubleshoot and resolve member and staff issues/problems
• Ability to prioritize diverse job assignments and meet established deadlines
• Ability to prioritize tasks and complete daily job assignments while participating on project teams
• Ability to supervise work of staff and organize workload to accommodate competing demands. Able to effective work under stress
• Able to arrive at work routinely and promptly
• Ability to resolve controversial or delicate matters skillfully
• Ability to respond to sensitive inquiries and complaints in a timely, effective manner
• Ability to maintain sensitive and confidential information
• Ability to interact effectively with colleagues and supervisors
• Ability to project a professional image to outside vendors, auditors and regulators
• Ability to coach and motivate others to take action
• Ability to provide constructive feedback to others
• Ability to work productively and professionally under stress
• Ability to provide excellent customer service
• Ability to determine needs and sell solutions to others
• Has knowledge of and adheres to credit union policies and procedures and all regulations related to the Bank Secrecy Act, the USA PATRIOT Act and OFAC.

WORKING CONDITIONS:

• Must be able to secure and retain appropriate security clearance(s) and access to designated facilities to perform the principle accountabilities and functions of the position.
• Must be able and available to work variable hours and schedules to conduct/deliver/counsel employees via individual and group sessions both at on site and other locations
• Must have sufficient sight and personal mobility to independently perform all key accountabilities without requiring regular (usual work day) assistance from the Director of Internal Audit.
• RCA Security Clearance
• Ability to sit, stand and walk for extended periods and demonstrate sufficient dexterity and vision to operate a variety of office equipment.
• Ability to lift up to 15 lbs with or without assistance.
• Ability to work the hours needed which may extend beyond the defined work schedule when operating conditions dictate.

This position description is not necessarily all inclusive in terms of work detail.