Internal Auditor

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Lowell, MA, US

Salary Range: $57,150.43 To $85,725.64 Annually

POSITION SUMMARY:

Under the direction of the AVP, Internal Audit, the Internal Auditor is responsible for conducting independent, objective audits and reviews of credit union operations, internal controls, regulatory compliance, financial records, and risk management practices. This position supports the Credit Union’s commitment to strong governance, operational integrity, member protection, and regulatory compliance by evaluating the effectiveness of policies, procedures, controls, and business processes.

The Internal Auditor performs audit testing, documents results, communicates findings, recommends corrective actions, and monitors remediation efforts. The role requires professional independence, sound judgment, strong analytical skills, and the ability to work collaboratively with management while maintaining objectivity.

ESSENTIAL FUNCTION & RESPONSIBILITIES:

• Develop, execute, and support a risk-based internal audit plan that evaluates key credit union operations, internal controls, compliance requirements, and risk exposures.
• Perform operational, financial, compliance, lending, information technology, vendor management, branch operations, and other audits as assigned.
• Assess the adequacy and effectiveness of internal controls, policies, procedures, segregation of duties, approvals, system access, reporting, and oversight practices.
• Conduct audit fieldwork, including interviews, walkthroughs, sampling, transaction testing, documentation review, data analysis, and control validation.
• Prepare clear, accurate, and well-supported audit work papers that document procedures performed, evidence reviewed, conclusions reached, and findings identified.
• Draft audit reports that summarize scope, objectives, observations, risk impact, recommendations, management responses, and corrective action plans.
• Communicate audit results to management in a professional and constructive manner.
• Track audit findings, monitor corrective action plans, validate remediation, and provide periodic status updates on outstanding issues.
• Assist with regulatory examinations, external audits, supervisory committee audits, risk assessments, and other independent review activities.
• Evaluate compliance with applicable laws, regulations, internal policies, procedures, and industry standards relevant to credit union operations.
• Identify opportunities to strengthen controls, improve efficiency, reduce risk, enhance compliance, and support sound governance practices.
• Maintain knowledge of credit union operations, internal audit standards, consumer compliance requirements, cybersecurity considerations, fraud risks, and emerging regulatory issues.
• Promote a culture of accountability, ethical conduct, risk awareness, and continuous improvement across the Credit Union.
• Maintain confidentiality of member, employee, financial, and proprietary information at all times.

SUPERVISORY RESPONSIBILITIES, if any:This position has no supervisory responsibilities.

REQUIREMENTS

Knowledge

• Strong understanding of internal controls, audit methodology, risk assessment, and control testing.
• Knowledge of credit union operations, including lending, deposits, branch and contact center operations, payments, digital banking, accounting, compliance, fraud prevention, vendor management, and information security.
• Familiarity with NCUA regulations, FFIEC guidance, BSA/AML requirements, consumer protection regulations, and general financial institution compliance expectations.

Skills

• Ability to analyze data, identify trends, evaluate risk, and…