Lead Auditor, Risk & Operations

Job Overview

Pen Fed is hiring a (Hybrid) Lead Auditor, Risk & Operations at our Tysons, Virginia location. The Lead Auditor, Risk and Operations, is responsible for the planning, coordination, and execution of assigned internal audits in the risk and operations audit portfolio. This position works closely with senior management to identify and evaluate key business risks and recommend actions to mitigate risks while improving and maturing processes.

The Lead Auditor acts as a subject matter expert, builds relationships with business department leaders, and provides coaching and mentoring to Internal Audit staff. This position may complete audits independently or may lead, direct, and review the work of a team of Auditors on complex audits.

• Plan, lead and execute high-quality, timely, independent, and objective complex audits as assigned including but not limited to enterprise risk (second line of defense) and operational areas such as human resources, procurement, payroll and third parties.

• Facilitate and perform the entire audit process from planning to reporting with efficiency and autonomy.

• Ensure completion of multiple ongoing audits by prioritizing tasks, delegating, monitoring progress, and anticipating and resolving conflicts and dependencies.

• Coordinate the work of a team of Auditors or perform as a sole assigned auditor to ensure the timely progression of the audit engagement.

• Analyze processes and assess the level of compliance with applicable procedures, adequacy of controls, efficiency and effectiveness of operations, and accuracy of reported information.

• Execute and/or lead multiple areas of complex test work during audit activities. Document key risks, controls, audit test procedures, test results, and audit conclusions.

• Prepare professional audit reports on observations identified in the course of audit work and collaborate with management to ensure understanding and develop effective remediation plans.

• Review the audit work performed by assigned team members following professional and departmental standards with emphasis on the sufficiency and appropriateness of audit evidence. Provide feedback, mentoring, and developmental coaching to team members when applicable.

• Proactively identify control weaknesses and opportunities for improvement and provide recommendations for remediation.

• Actively support follow-up on audit recommendations to ensure the actions taken remediate the reported conditions.

• Assist with identifying innovative approaches to assessing risk in Pen Fed operations and accomplishing essential audit tests including the use of data analytics.

• Develop internal, business leader relationships to understand key initiatives within Pen Fed.

• Maintain knowledge and serve as a functional expert on risk assessment and internal control in a credit union environment.

• Assist with maintaining the department's professional relationship with senior leadership, external auditors, NCUA, and other regulators.

Equivalent combination of education and experience is considered.

• Bachelor's degree in business administration, Accounting, or a related field required.

• Minimum eight (8) years' experience in auditing in the financial services industry or financial regulatory environment required, including in consumer and mortgage lending and compliance-related audits.

• Knowledgeable with the Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing.

• Proven analytical and critical thinking skills.

• Excellent written and verbal communication skills with the ability to present sensitive and complex findings to business management and influence change.

• Proven ability to lead audits start to finish, both independently and as the project lead directing and reviewing staff work.

• Proven ability to handle multiple projects at the same time.

• Experience using A.I. tools preferred.

This position will not supervise employees.

Related professional certification required (e.g., CIA, CPA, CAMs, CRISC etc.)

While performing the duties of this job, the employee is regularly exposed to an…