Internal Audit Manager Job in Hawthorne 90250, California US
Are you a leader? Do you enjoy developing and encouraging team members to higher levels of performance? Do you take ownership to deliver results?
If you answered yes to these questions, then Western Federal Credit Union is the place for you!
Western Federal Credit Union is seeking an Internal Audit Manager responsible for all aspects of leading the Internal Audit department by scheduling coverage, supervising auditors, and reporting to the Supervisory Committee the results for financial and business procedure controls audits and special projects.
Responsibilities include:
- Performs annual risk assessment correlating industry trends, annual operating budget, prior Internal Audit results, and interviews with leaders in the organization; the annual risk assessment leads to the proposed Audit Plan which is then reviewed/approved by the Supervisory Committee.
- Leads the Internal Audit organization in all Planning, Fieldwork, and Reporting phases of the Audit Plan plus special projects which may be requested by Management or the Supervisory Committee.
- Reviews, edits, and approves audit programs which the Internal Audit team then uses as the foundation of their fieldwork; ensures audit plans are refreshed annually.
- Researches organization activities and ensures that both business departments and cross-department business processes are documented in narrative or flow-chart format, control points are identified, inefficiencies or conflicting processes are noted, and audit coverage includes the highest possible risks areas.
- Ensures the use of statistically significant and accurate sample methods to ensure proper transparency of test work balanced with limited staff resources; discourages expensive full-scope testing when statistical methods yield reasonable results.
- Appreciates the IT Application General Controls and provides for Integrated Audit coverage of IT risks during the course of Internal Audits, either using internal staff or partnering with the Information Security organization.
- Develops techniques to retrieve reports and electronic records directly from source systems, thus reducing the risk of report filtering or errors in handling.
- Ensures the accuracy and effectiveness of business writing for all published deliverables, such as Internal Audit reports, including the understandability of issues, risks, and recommendations.
- Operates an issue tracking methodology to ensure that all reported issues have a measurable deliverable and timeline assigned, that open issues are monitored toward closure, and dashboard metrics are published monthly which include the number of open and closed issues of a high, medium, or low risk nature, including aging and focus on those issues where responsible management is delayed in their committed risk mitigation efforts.
- Meets monthly with the Supervisory Committee to represent the accomplishments of Internal Audit including audit opinions and recommendations to mitigate risk.
- Administers a Proactive Monitoring methodology whereby business units perform “self-auditing” for quality and consistency in their processes, which Internal Audit can then oversee and spot-check for acceptable levels of performance.
- Leads the Fraud area by providing leadership in response and monitoring; serves as the primary education source in the organization for emerging fraud trends. Develops processes to filter and communicate fraud awareness alerts on a timely basis.
- Ensures Internal Audit representation as a proactive participant in new organization initiatives, allowing the contribution of control objectives into the existing project management workflow of such initiatives, on a consultative basis. Educates leaders within the organization on the value and appropriateness of controls to manage risk and achieve Management’s expectations.
- Oversees examination of fixed assets to ascertain purchase authorization and existence of such assets.
- Ensures that comprehensive workpapers documentation is retained for all Internal Audit work, preferably organized in electronic format.
- Provides equal leadership, mentoring, and coordination of all staff members based locally in California and remotely in other states.
- Develops and coordinates a staff training and development plan to ensure the Internal Audit team remains educated and aware of emerging risks and mitigation techniques.
- Ensures that the Internal Audit department has current documented policies and procedures of its own.
- Interfaces directly with all stakeholders including internal management of all departments, all staff members, regulators, external audit firms, and local law enforcement.
- Partners with external audit firms as needed to ensure specialized coverage of risk topics, or staff augmentation if needed to complete the Audit Plan on schedule.
- Accounting firm / Big 5 / Final 4 experience preferred; financial institution Internal Audit experience preferred.
Job Requirements:
Western seeks motivated individuals with a passion for delivering superior service and contributing to a team environment.
Requirements include:
- Bachelor’s degree with a major in Accounting or related field
- Minimum of four years of managerial/supervisory experience and seven years related experience, preferably in a financial institution
- CPA/CIA/CFG Certificate preferred
- General skills or knowledge required include generally accepted auditing standards, generally accepted accounting principles, NCUA regulations, and Federal and state consumer laws and regulations including UCC
- Consumer and real estate lending experience preferred
- Requires the ability to communicate effectively, both verbally and in writing
- High proficiency in word processing software applications and spreadsheet software applications.
See the Western Difference!
At Western, we believe that each team member is a valuable asset. Through a teamwork approach, we strive to provide a positive and rewarding workplace that helps our team members succeed. Western provides a work environment which promotes learning, growth, and the opportunity for team members to challenge themselves. We work together for a common goal: to provide superior service to our members.
Excellent Benefit Package Includes:
- Medical, Prescription, Dental, Vision, and Life Insurance all from your date of hire
- Paid vacation, sick, and personal time as well as holidays
- 401k Plan with employer match
- Defined Pension Plan fully funded by Western
- Employee Assistance Program
- Tuition reimbursement that covers 100% of tuition and books for approved programs
- Credit Union membership for you and your family
Company Overview:
Western is one of the nation’s leading credit unions with over $1.4 billion in assets and 120,000 members nationwide. We service a large number of sponsor companies in a diverse group of industries such as information technology, automotive, airline, retail, service, manufacturing, and aerospace. With strong assets and conservative practices, Western continues to have a stable presence in the credit union industry.
Western is proud to be an equal-opportunity employer. For more information on Western, please visit us at www.western.org
Division/Department : Internal Audit
% of Travel Required : 10-20%
Skills : Accounting - Auditor
Exemption : Exempt