SummaryAs a key member of the Internal Audit Department, this role supports the successful execution of BCU's Annual Audit Plan and contributes to the department's overall strategic objectives. The position oversees financial and operational audits to assess the effectiveness of internal controls and ensure compliance with policies, procedures, and regulatory requirements.
Working both independently and leading small audit teams, the role will review audit work performed by audit staff to ensure the scope is fulfilled, risks are appropriately addressed, and conclusions, findings, and recommendations are well-supported. The role will also be responsible for managing the department's Guest Auditor and summer internship programs.
In addition, the role monitors assigned projects and governance committees to identify emerging risks or internal control concerns. They will be responsible for advising management on potential risks and providing appropriate recommendations to mitigate the risk. They will also be responsible for providing periodic reporting of the team's activities to Audit Management.
Role and Responsibilities- Lead the engagement planning for assigned audit projects.
- Serve as the lead auditor for financial, operational, and compliance audits, including reviews of service centers located in US and Puerto Rico.
- Develop risk assessments aligned with BCU standards and Internal Audit methodology.
- Build Power BI reporting, incorporate full population, and data analytical testing within audits.
- Monitor audit progress to ensure effective completion of work on time, and within budget.
- Supervise and review the work of staff auditors, guest auditors, interns, and others to ensure audit scope is fulfilled, risks are addressed, and documentation meets quality standards.
- Review and evaluate the adequacy and effectiveness of internal controls, and compliance with policies and procedures, and state and federal regulations.
- Prepare findings and recommendations that address deficiencies identified. Validate and discuss recommendations with appropriate management, ensuring their buy-in.
- Support staff development by providing on the job coaching, identifying training opportunities, and by assigning challenging tasks that further their skills and abilities.
- Track the progress of remediation efforts by BCU management for outstanding audit issues and validate those resolutions have been properly implemented.
- Participate in major BCU projects or committees to monitor goals, operational issues, technical considerations, and risk mitigation activities.
- Support external and regulatory audits by coordinating the retrieval of documents and other informational requests, and perform testing as required.
- Assist with preparation and presentation of documents for the Supervisory Committee.
- Assist with the development and ongoing administration of audit software.
- Perform other special projects as needed.
Qualifications and Education Requirements- Bachelor's degree in Accounting or Finance.
- A minimum of three years of internal auditing experience within financial institutions, or equivalent relevant experience.
- Strong analytical and problem-solving skills, including the ability to assess risk, understand and document internal controls, and perform effective risk assessments.
- Strong organization skills with the ability to manage multiple priorities and meet deadlines.
- Strong interpersonal, verbal, and written communication skills, including the ability to prepare clear and concise audit findings and reports for various levels of management.
- Self-starter with the ability to work independently and supervise others.
- Professional certifications such as CIA, CPA, CISA are preferred.
- Experience with data analytics, Power BI, and other audit technology tools.
- Interest in learning and applying emerging technology within Internal Audit, including AI-enabled capabilities.
