VP Regulatory Relations & External Audit

SECU•Raleigh, NC

About The Position

To provide managerial support towards development and implementation of risk-based internal audit assurance activites including financial, operational and compliance audit programs while staying abreast of current trends, new developments, technologies and practices in the audit profession, financial services industry and regulatory environment. To utilize knowledge of the operational control environment and processes to facilitate, coordinate, and manage internal audit activity while also promoting operational efficiency and evoking positive change in the organization. The Vice-President Regulatory Relations & External Audit will work closely with the SVP Regulatory Relations & External Audit and management across all business lines to facilitate internal audit activity for the Credit Union while managing the regulatory relationship for both state and federal regulators. Collaborate with management subject matter experts (SMEs) to identify and provide requested deliverables to external examiners and regulatory bodies.

Requirements

Bachelors Degree or Equivalent Experience
5-8 years Relevant Experience
Thorough knowledge of structure, responsibilities, and functions of corporate functions as well as the processes and expectations of the member service delivery network.
Proven, effective leadership with multiple scenarios developing others towards their career goals while meeting the needs and goals of the department
Exceptional knowledge of governance, risk management, internal controls and applicable laws and regulations related to financial institutions
Proficiency in audit principles, practices, and methodologies including risk assessment and audit documentation
Strong analytical skills and a keenness to collaborate with data specialists
Proven ability to manage multiple projects and due dates simultaneously and a track record of timely completion and thorough documentation
Strong verbal and written communication skills and ability to present information in a succinct and concise way to all levels of management
Ability to work independently and in a team setting
Ability to grasp the underlying concepts in complex information
Ability to identify root causes to problems
Highest level of integrity and objectivity to preserve the independence of all audit functions
Must be able to cooperate and collaborate with co-workers whether working onsite or in a remote setting
Proficient in Microsoft Office business applications
Must be able to speak English fluently
Ability to travel when required

Nice To Haves

Previous work experience in audit management or other relevant experience preferred.
Certifications: Auditor Certification (e.g. CIA, CRCM, NCCO, CISA, etc.) is preferred but not required

Responsibilities

Oversee and direct the execution of the departmental strategy including audit objectives, priorities, risk assessments, audit planning, scheduling, staff development, methodology implementation, and overall execution of all audits and reviews.
Collaborate with IAS leadership to define and measure progress on overall division objectives and priorities.
Collaborate with Audit Analytics to maintain agility in auditing through efficient and effective risk assessments.
Collaborate with SVP of External and Regulatory Audit and Audit Manager on staff development progression.
Provide review and oversight of work papers and all External Audit deliverables to ensure alignment with IAS methodology, accuracy, documentation standards, and effective communication between the department and auditees.
Execute hiring strategy and training programs as well as handling personnel matters involving the staff.
Review and approve the audit schedule including team members and timelines.
Ensure audit timelines are upheld and provide support where necessary to bring compliance with audit staff as well as with management participation within audit programs including follow-up and remediation efforts.
Provide oversight of audit plan progress and the follow-up process.
Demonstrate positive influence in IAS and SECU.
Participate in maintaining the audit universe, updating the risk assessment, and creating the IAS Audit Plan.
Serve as team lead on audit projects and play an active role in ensuring overall audit objectives are being met.
Actively engage in Credit Union discussions, focus groups, and committees as opportunities arise.
Demonstrate the ability to utilize resources to promote change in the organization.
Serve as a go-to audit resource throughout the organization.
Collaborate with team members, leadership, and stakeholders to assist in the creation of written audit programs including the identification of risks and controls relevant to business processes, member service delivery, and relevant regulatory requirements, the creation of work papers, the implementation of testing strategies, and the identification of control weaknesses and governance gaps in processes or systems.
Communicate effectively with auditees, audit team members, and leadership.
Prepare for and lead effective client interviews to understand, document, and evaluate business processes, risks and controls as outlined in IAS methodology.
Effectively coordinate and lead assembled audit team members through discussions and/or meetings to ensure a firm understanding of the review and findings as the audit progresses.
Present and effectively communicate identified audit issues and coordinate and review remediation efforts outlined by Management.
Assist with and independently execute audit programs including design and execution of testing strategies with the incorporation of data analytics, analyzing process documentation and evaluating the design effectiveness and efficiency of controls as related to SECU policies, standards and quality of operations, and regulatory compliance, and implementing testing strategies in accordance with IAS methodology. This includes participation in continuous auditing activities.