CO-OP Financial Services seeks an enthusiastic team player with a strong work ethic and outstanding professional skills for the role of Senior IT Internal Auditor. As a strategic audit project leader, the Senior IT Internal Auditor must be able to analyze risks, possess, critical thinking skills and provide recommended courses of action; including maintaining productive relationships with department and employees of all levels (staff, management, Vice Presidents, Executive Management) across the organization. The Senior IT Internal Auditor contributes to the Internal Audit Department by providing independent, objective assurance and consulting/advisory services to improve the organization’s operations. The Senior IT Internal Auditor determines that internal systems and controls are adequate and effective, including verifying the existence of assets and the maintenance of proper safeguards for their protection. The Senior IT Internal Auditor ensures that organizational policies/procedures, laws, and good practices are followed.
Essential Functions and Responsibilities
Assist the VP of Internal Audit in conducting ongoing risk assessment reviews to produce a flexible Internal Audit Plan that supports the Internal Audit Charter.
Perform individual internal audit projects (operational, financial, compliance, and IT) as outlined in the Internal Audit Plan and any special reviews that arise. This includes assisting the VP of Internal Audit with developing the internal audit scope, building risk and control matrix, and performing internal audit procedures.
Identify key control points and weaknesses within the system or function being audited, and develop process improvement recommendations for correcting unsatisfactory conditions, process gaps, improving operations, and reducing cost.
Document audit work and findings in accordance with generally accepted auditing standards.
Maintain a strong process owner focus by serving process owner needs and developing productive working relationships. Stay abreast of current business developments relevant to the process owner’s business. Respect and protect confidential client information.
Determine whether proper segregation of duties and dual controls are in place throughout the organization.
Provide frequent progress and status updates to the VP of Internal Audit and compare audits performed to previously submitted and approved work.
Champion internal controls and corporate governance concepts throughout the organization.
Conduct periodic follow-up reviews to evaluate the adequacy of Management’s corrective action plans.
Assist in the investigation of suspected fraudulent activities within the organization.
Participate in training sessions related to internal audit and risk management via webinars and trainings.
Ability to work independently, with limited required direction and guidance.
The individual must have very strong organizational skills and be detail-oriented.
Must have excellent verbal and written communication skills and possess strong analytical abilities.
Some overnight travel may be required.
Other duties as assigned.
Supervisory Functions and Responsibilities
The Senior IT Internal Auditor is expected to mentor and develop staff-level auditors and take a leadership role within the Internal Audit Department.
Responsible for directing and reviewing the work performed by staff-level auditors and providing continuous coaching and feedback.
Supervise at a close level the work product of junior team members for completeness, accuracy, and compliance with the Institute of Internal Auditors (IIA) standards.
Review internal policies and procedures to ensure they are written clearly, comprehensively, provide sufficient internal controls, and are in compliance with applicable laws and regulations.
Assist the VP of Internal Auditor with training new team members.
Knowledge and Essential Skills
Detailed understanding of internal control concepts, Institute of Internal Auditors (IIA) auditing standards and/or International Professional Practices Framework (IPPF), and COSO (Committee of Sponsoring Organizations) framework and risk assessment practices.
Professional experience in accounting and auditing, which includes analyzing data, documenting findings, creating and presenting reports.
Experience in performing multiple projects simultaneously.
Very strong PC skills (Microsoft Outlook, Word, Excel, PowerPoint, Access, and Project), including frequently analyzing data within audit areas utilizing Oracle tools and ACL or Microsoft Access to understand trends and risk patterns.
Experience using an electronic workpaper tool is a plus
Experience with data analytic tools is a plus (ACL, Idea, etc.)
Candidates with the following specialized Information Technology (IT) audit experience are desired:
Detailed knowledge of and experience, at a minimum, providing services related to IT management controls, including information technology risks, processes, and controls.
Thorough understanding of the IT industry's COBIT and/or other leading IT control frameworks.
Extensive experience auditing key areas of IT general controls, including change management, access to programs and data, computer operation, and systems development life cycle. Thorough understanding of industry standards such as Federal Financial Institutions Examination Council) (FFEIC) National Credit Union Administration(NCUA), Bank Secrecy Act(BSA), Payment Card Industry (PCI) and/or other leading control frameworks.
Participate in the audits of new and existing information systems.
About CO-OP Financial Services
CO-OP Financial Services helps your credit union leverage the latest technology and insights to strengthen member connections and propel growth.