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Vice President of Internal Audit

2 months ago


Raleigh, North Carolina, United States Local Government Federal Credit Union Full time

Position Overview

The Vice President of Audit Services will collaborate with the Senior Vice President to cultivate and guide a proactive and effective internal audit team. The successful candidate will engage with business leaders across various functions and divisions to implement a solutions-oriented audit program. This role involves actively participating in the professional development of the audit team and identifying opportunities for skill enhancement and growth.

Key Responsibilities

  1. Collaborate with Audit Services Management to establish the strategic direction of the department, including the development and execution of a risk-based audit strategy and methodology.
  2. Provide independent oversight and strategic guidance for audit disciplines, ensuring that audit plans, frameworks, standards, and processes adequately address risk.
  3. Review and synthesize significant findings and recommendations into clear and concise audit reports for management at various levels.
  4. Assist in managing essential administrative functions for the department, including preparing materials for oversight committees, budgeting, and maintaining policies and procedures.
  5. Evaluate and assess critical merging or consolidating functions, as well as new or evolving services, processes, and controls during their development and implementation.
  6. Foster strong relationships with Legal, Compliance, and other control groups while maintaining independence, promoting an environment of openness and collaboration.
  7. Oversee vendor relationships for outsourced audit functions, including managing vendor requirements, contracts, and ongoing engagement monitoring.
  8. Coordinate and communicate with regulatory bodies and external auditors, preparing necessary materials for examinations and audits.
  9. Lead, mentor, and develop the Audit team by providing enhanced learning and career advancement opportunities.

Qualifications

Essential Qualifications:

  1. Bachelor's degree in Accounting, Finance, or Business.
  2. CPA or CIA certification.
  3. 7 to 9 years of auditing experience, with at least 5 years in auditing core banking or financial services.
  4. 4 to 6 years of project management or leadership experience.
  5. Strong understanding of risk management, process concepts, and regulatory compliance.
  6. Excellent verbal and written communication skills.
  7. Strategic thinker with risk awareness and sound judgment.
  8. Proficient in standard audit software applications.
  9. Ability to operate in a business office environment and use standard office equipment.
  10. Physical capability to lift a minimum of 25 lbs.
  11. Occasional travel may be required.

Preferred Qualifications:

  1. Formal training in business lending, financial statement analysis, or credit.
  2. Experience auditing large-scale change initiatives or system redesigns.

Organizational Culture

Our organization values the contributions of diverse perspectives and prioritizes the success and well-being of our employees. We believe that every individual plays a vital role in fostering a healthy environment and achieving our collective goals. We seek bright, energetic, and talented individuals to join our team, offering a dynamic workplace that encourages professional growth and development. We are committed to integrity, self-awareness, courage, and mutual respect while continuously seeking opportunities for learning and improvement.