Internal Auditor

Job Description

Position Title: Internal Auditor

Reports functionally to: Supervisory Committee / Board of Directors

Reports administratively to: Chief Executive Officer

Grade Level: 11

Full Salary Range: $67,177.17 - $

Hiring Salary Range: $67,177.17 - $83,971.46

Key Responsibilities:

Internal Audit Execution & Oversight

• Execute a risk-based internal audit program, including audits not covered by external audit firms
• Perform branch audits and operational audits to ensure consistency, compliance, and strong internal controls across the organization
• Evaluate the effectiveness of internal controls, policies, and procedures across all business units
• Identify control gaps and provide practical, actionable recommendations that strengthen operations—not just compliance
• Monitor and validate remediation of findings from internal, external, and regulatory audits

Regulatory & External Auditor Liaison

• Serve as the primary liaison for all regulatory examinations and external audits
• Coordinate interactions with the National Credit Union Administration, Illinois Department of Financial and Professional Regulation, and external audit partners
• Lead exam readiness efforts, including documentation, coordination, and communication across departments
• Track and manage all audit findings, regulatory issues, and corrective action plans through resolution
• Ensure consistent, professional, and timely communication with all stakeholders

Supervisory Committee & Board Engagement

• Act as a key partner to the Supervisory Committee Chair and Committee members, ensuring they are well-informed and supported
• Prepare and distribute Supervisory Committee meeting packets, including agendas, reports, and supporting documentation
• Coordinate and send meeting invitations and communications
• Upload and manage all materials within Board Effect
• Attend and present at Supervisory Committee meetings and, when appropriate, the Board of Directors
• Provide clear, concise reporting that enables effective oversight and decision-making

Risk, Compliance & Governance Alignment

• Partner with Risk, Compliance (including BSA/AML), Fraud, and Operations to ensure holistic risk coverage and alignment
• Assess enterprise risks including operational, credit, compliance, cybersecurity, and vendor risk
• Provide independent insight into policy effectiveness and regulatory adherence
• Support governance best practices and enhance organizational accountability and transparency

Process Improvement & Strategic Contribution

• Identify opportunities to improve efficiency, controls, and overall effectiveness
• Recommend and implement enhancements to audit processes, reporting, and internal workflows
• Embrace and leverage technology, automation, and data analytics to modernize the audit function
• Operate as a trusted advisor, balancing risk mitigation with business practicality
• All other duties as assigned

Qualifications:

Experience

• 7–12+ years of experience in internal audit, risk, or compliance within financial services (credit union or banking preferred)
• Experience working with NCUA and/or state regulatory exams
• Proven ability to work directly with Boards, Supervisory Committees, and executive leadership
• Experience in complex, multi-product financial institutions ($1B+ preferred)

Education & Certifications

• Bachelor’s degree in Accounting, Finance, Business, or related field required
• Preferred certifications: CPA, CIA, CISA, CRCM, or CAMS

Core Competencies

• Strong knowledge of internal controls, audit practices, and regulatory frameworks
• Exceptional organizational skills with the ability to manage multiple priorities and deadlines
• Clear and confident communicator—able to translate complexity into actionable insights
• High level of independence, integrity, and professional judgment
• Proactive, solutions-oriented mindset with the ability to recommend and implement change
• Comfortable navigating complex environments and evolving priorities
• Embraces new systems, technology, and continuous improvement

Success Measures

• Effective execution of internal audits, including branch and operational a