Internal Auditor

Date posted:

Department:

Finance

Location:

Long Island City (HQ) - Queens, NY

Salary range:

USD 70,000 - USD 75,000

Description:

The incumbent is a key member of the Internal Audit Department (IAD) team, who is responsible for carrying out audits in accordance with the risk based audit plan and to work closely with the IAD team, Supervisors and Management to achieve the overall IAD goal of providing independent, objective assurance, and where appropriate, consulting services designed to add value and improve the credit union operations.

NATURE AND SCOPE
This position reports to the AVP – Internal Audit Operations, and will work closely and take direction from, Senior Internal Auditor(s). Internal Audit work mainly encompasses scheduled audits, ad hoc investigations, management requests, and projects specific to the Internal Audit Department.

Accountabilities:

Perform process walkthroughs to determine whether key controls have been properly identified to mitigate risks.

Develop audit program steps as required. Execute audit program test steps, including inspecting documents, testing reconciliations, re-performing calculations, and observing procedures.

Understand credit union financial rules and regulations, including the ability to apply relevant audit procedures in the audit area.

Utilize Internal Audit tools and technologies to ensure related audit program steps are properly completed.

Ensure supporting working papers are accurate, concise, well-organized, properly cross-referenced and support conclusions.

Accurately and concisely document preliminary findings and recommendations.

Perform follow-up procedures to prior audit recommendations as necessary.

Conduct internal audits with minimal supervision, while keeping senior Internal Auditor(s) informed of progress or setbacks in projects.

Complete audits within established time frames.

Assist in performing year-end audit work on behalf of the credit union’s external auditors.

Assist in investigating member complaints referred to the Supervisory Committee.

Conduct research and retrieve materials from various sources on related topics.

Record notations and/or minutes at internal and client meetings attended.

Work collaboratively with team members.

Establish and maintain productive partnerships with clients by gaining their trust and respect while interacting with all levels of management.

Maintain the Internal Audit Department’s records.

Participate in Credit Union training programs.

Assist with special project as deemed necessary.

Qualifications:

Bachelor’s degree or equivalent. Two to five years related experience with proven ability to conduct audits and prepare reports. Credit union or banking experience preferred. Thoroughly familiar with IIA Standards. Must be able to handle multiple assignments simultaneously. Good communication, organizational, decision-making, and computer software skills required. Willingness to work flexible hours. CPA (or equivalent), CIA or CISA certification preferred. Experience with specialized audit software is desirable. Familiarity with COSO Internal Control – Integrated Framework is a plus.