Internal Audit Manager

Role: Manager Internal Audit

Why Westerra?

Here at Westerra Credit Union, every employee counts. Our teams are composed of high-performing individuals committed to being HONORABLE, INVENTIVE, and CURIOUS, which makes them GREAT! Our team members show up every day authentically being themselves and our diversity, equity, inclusion and belonging (DEIB) focus is a critical pillar of our organization. We want you to feel comfortable being YOU.

All of our team members are working towards the same purpose - to teach one another to prosper. We strive to be a modern financial community where we all truly belong, both in the eyes of our employees and the members that we serve. We can't wait to see how you will contribute to this purpose, positively and intentionally, by impacting our members' lives through personal attention, financial education, community engagement and much more. This is true regardless of your role, as we are all member-facing. Founded by schoolteachers in 1934, we are a learning organization at our core and embed a growth mindset in our employees so that we all prosper!

What is the role?

Responsible for assisting in providing and coordinating internal audit coverage for Westerra Credit Union. Aides in the development and management of the Audit Plan, which includes supervision of internal staff and external auditors to support audit execution. They will help in analyzing internal controls to provide adequate safeguards that ensure general operating efficiency and compliance with laws, regulations and internal policies and procedures to mitigate risk. Develops, documents, and implements business action plans for short to mid-term results (1-3 years).

What will be expected of me?

• Determine the objectives and scope of each audit and the allocation of audit resources; both internal and external, necessary to complete audits.
• Document and analyze the existing internal control structure and prepare the appropriate audit programs.
• Perform audits which include operational, financial, compliance, regulatory, process improvement as well as consultative services as needed.
• Conduct scope meetings, kick-off meetings, status updates, and exit meetings with Senior Management and related vendors.
• Obtain, analyze and appraise sufficient documentary evidence as a basis for formulating an opinion on the efficiency and effectiveness of operations and activities being audited.
• Prepare work papers in accordance with Credit Union and industry standards that documents work performed and support the findings and conclusions that were reached.
• Prepare formal reports documenting audit procedures performed and audit results, risks associated with audit findings, and practical recommendations for improvement. Present written reports to Management and the Audit Committee, if necessary.
• Plan, assign, and manage the Audit Plan (as scheduled) and audit methodologies.
• Assist in the annual risk assessment and development of the annual internal audit plan.
• Assist Director of Risk and Compliance with assigning and directing staff on developing audit objectives and scopes that effectively address risks to the organization.
• Review and approve workpapers that address the objectives of the audit program and support the conclusions reached during testing.
• Assist the CFO in the review and development of audit reports that are clear, concise, and factual.
• Conduct audit report follow-up testing to determine if Management's corrective action plans were implemented timely.
• Assist CFO in managing the findings resolution process to ensure completion and effectiveness of management's corrective actions to internal and external audit recommendations.
• Contribute to the development of the department by creating and utilizing audit tools; staying abreast of industry (financial and audit) news and standards; and establishing stakeholder relationships to a mutually respectful, trusted, and productive level.
• Maintain thorough knowledge of company-wide policies and procedures.
• Provides input for the department's annual budget.
• Work with and inform the Audit Committee on scheduled annual audits approved by the Audit Committee.
• Other duties as assigned.

Will I have Direct Reports? No

What am I bringing?

Experience/Education:

• 6+ years' experience as an auditor, in a financial institution (required).
• Solid understanding of audit standards and control activities.
• Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Financial Services Auditor (CFSA), or equivalent is desired.
• Requires in-depth knowledge of financial institutions related to operations, regulations and service.

Skills and Abilities:

• Proficient in Microsoft Office.
• Exhibits strong verbal and written communication skills.
• Ability to Learn and demonstrate that learning on the job.
• Detail oriented with strong organizational and time management skills.
• Must maintain a high level of confidentiality.
• Manages programs that drive strategy.
• Accountable for defining and executing the strategic vision within their area of expertise, ensuring alignment with organizational objectives, and driving performance and innovation.
• Routinely uses significant judgment on moderate to complex business problems.
• Mostly tactical with some strategic relationships with peers inside and outside of department.
• Influences timelines, expectations, and proactively negotiates across departments and sometimes functional management.
• Can be accountable for managing projects/processes, working independently with limited supervision
• Advanced understanding of functional areas and a competent understanding of the overall organization and competitive environment.
• Able to influence others outside of own job area regarding policies, practices and procedures.

What is the work environment like, and are there physical requirements for this role?

• Office environment
• Works primarily at desk
• Periodic travel may be required
• Ability to lift 25 pounds

Salary: in addition to the starting annual salary range of $83,284 - $104,000, this role is also eligible for Westerra's self-funding reward plan. This plan pays out a cash incentive annually if the company hits specific criteria tied to our financial goals and you will have a direct impact on the outcome of those results!

What are some of our benefit offerings?

• Three health plans through UMR that offer a variety of coverage options, including HSA and FSA options
• Two dental plans through Delta Dental
• Basic life and AD&D insurance, short-term disability and long-term disability
• 20+ days of paid time off (PTO) per year
• Anniversary time off that consists of 1+ days of paid leave for each anniversary year (PLAY)
• 16 hours of volunteer time off (VTO) per year
• 11+ paid holidays
• 401(k) that includes up to 6% match
• Up to $5250 per year for educational reimbursement
• 4 weeks of paid parental leave
• Mental health resources including an Employee Assistance Program (EAP)
• Individualized learning and development programs

Please note, applications will be accepted until at least December 12, 2024.