Internal Auditor

POSITION PURPOSE

The Internal Auditor provides independent and objective assurance designed to add value and strengthen the Credit Union’s governance, risk management, and internal control environment.

FUNCTION

• Audit Planning & Risk Assessment
• Develop and maintain a risk-based annual audit plan aligned with the Credit Union’s risk profile and approved by the Supervisory Committee
• Perform enterprise-wide risk assessments at least annually
• Lead or support investigations into suspected fraud, misconduct, or policy violations
• Audit Execution
• Conduct independent audits in the following areas, among other areas, as determined periodically:
• Lending (consumer, real estate, commercial, indirect, participation)
• Deposit operations, cash controls, and teller functions
• ACH, wires, cards, and electronic payments
• BSA/AML and OFAC programs
• Information technology, cybersecurity, and data governance
• Vendor management and third-party relationships
• Financial reporting, ALM, and key management reports
• Evaluate internal controls using recognized frameworks (e.g., COSO)
• Assess compliance with NCUA regulations, federal consumer protection laws, and internal policies
• Reporting & Communication
• Prepare formal audit reports, including scope, methodology, risk ratings, root cause analysis, and management recommendations
• Present audit results, trends, and systemic risks to the Supervisory Committee
• Provide periodic status updates on audit plan progress and issue remediation
• Issue management & follow-up
• Issue Management & Follow-Up
• Track audit findings, corrective action plans, and validate implementation and effective remediation
• Communicate unresolved or high-risk issues to the Supervisory Committee
• Regulatory & External Coordination
• Serve as a key point of contact for NCUA examiners, external auditors, and consultants
• Cover internal audit activities with external audit, compliance, and risk functions to avoid duplication while maintaining independence
• Support preparation for NCUA examinations and supervisory reviews
• Authority & Independence
• Maintains full independence from operational management
• Reports functionally to the Supervisory Committee

QUALIFICATIONS AND EXPERIENCE REQUIRED

• Education & Experience
• Bachelor’s degree in Accounting, Finance, Business, or related field
• 5–7 years of internal audit, compliance, or risk management experience within a financial institution
• Credit Union audit experience strongly preferred
• FDIC work experience preferred
• Professional Certifications (Preferred / Strongly Encouraged)
• CIA, CPA, or CISACAMS or other BSA/AML certification a plus
• Skills & Competencies
• Deep understanding of mid-size credit union operations
• Strong working knowledge of NCUA regulations and examination processes
• Understanding of the use of Computer Assisted Audit Techniques (CAAT)
• Excellent analytical, documentation, and report-writing skills
• Ability to communicate effectively with senior management and Board-level committees
• High degree of integrity, discretion, and professional skepticism
• Working Conditions
• Primarily office-based with periodic travel to branches
• Flexible scheduling may be required during examinations or audit cycles

COMPENSATION

Nizari PFCU is committed to investing in the growth, development, and well-being of its employees. We offer a competitive salary and a comprehensive benefits package that includes employee discounts on auto and unsecured loans, as well as a dental plan with orthodontic coverage.