Internal Audit Specialist

About the role

The Internal Audit Specialist conducts internal audits of the credit union to assess the effectiveness of controls, compliance with policies and regulations, and accuracy of financial records. They also assist the Supervisory Committee in the performance of its fiduciary responsibility to the membership.

Responsibilities

• Complete annual audit schedule commensurate with the credit union’s size and complexity and with the collaboration of the Board of Directors and Supervisory Committee.
• Review and evaluate the adequacy and effectiveness of internal controls and provide suggestions for improvement.
• Conduct branch cash audits to ensure cash is handled properly, is within limits and dual control is being observed throughout the branch.
• Complete other duties as requested to assist the Supervisory Committee in the performance of its fiduciary responsibility to the membership.
• Carry out file maintenance reviews to ensure compliance with credit union procedures.
• Prepare written reports on internal audit reviews including findings, analyses, conclusions and recommended actions.

Qualifications

• Associate’s OR diploma with 5 years of similar experience
• Previous experience in an auditing capacity or within the financial industry
• Determined and motivated individual with a positive attitude
• Ability to work in a team setting as well as take on projects as an individual

Physical Demands

• Sitting for prolonged periods of time
• Frequent computer use and screen time
• Frequent typing and use of fine motor skills

Decision Making

• To exercise sound judgement when making decisions as they relate to position duties and the credit union’s policies and procedures.

Financial Responsibilities

• To be responsible for safeguarding the credit union’s assets by ensuring that policies and procedures are followed.

Communication

• Effectively communicate within the department to ensure the flow of ideas and information.

Equipment Used

• Must be proficient in various credit union software programs

Work Environment

• Office environment, based in the Administration Building
• Travel to branches for audits is required