VP,Internal Audit Job Smithfield area,Rhode Island USA,Management

ABOUT THE ROLE:

The Vice President, Internal Audit provides independent, objective assurance and advisory services designed to evaluate and improve internal controls, risk management practices, governance processes, and operational effectiveness across audited areas of the Credit Union. This role reports functionally to the Supervisory Committee and administratively to the SVP, General Counsel & Chief Risk Officer, serving as the internal audit point of contact for the Supervisory Committee on audit matters.

The position is responsible for developing, recommending, maintaining, and executing an approved risk-based internal audit plan aligned with organizational risk priorities, regulatory expectations, and business objectives. The Vice President, Internal Audit manages audit execution, issue tracking and validation, co-sourced and other external audit partner coordination, and ongoing reporting of audit results, trends, and emerging risks. This role is also responsible for leading the transition of the internal audit model from a fully outsourced approach to a hybrid co-sourced model that builds internal capability while continuing to leverage specialized external expertise where appropriate.

This leader is expected to demonstrate independence, executive presence, sound judgment, and the ability to strengthen audit processes and team capabilities as the function evolves.

WHAT WILL YOU DO:

Directs the daily operations of the internal audit team by providing ongoing supervision, coaching, guidance, and training. Oversees performance management of the staff, including but not limited to conducting reviews, recommending corrective action, and other employment actions. Actively participates in the employee engagement process to ensure a motivated staff. Participates in the interviewing process for and recommends the hiring of audit staff.

Leads the transition of internal audit auditing model from a fully outsourced model to a hybrid co-sourced model, including implementation of a transition roadmap, internal capability development, knowledge transfer, and appropriate use of external specialist resources.

Manages and leads internal audit activities while maintaining appropriate independence and objectivity through functional reporting to the Supervisory Committee and administrative reporting to the SVP, General Counsel & Chief Risk Officer.

Serves as the internal audit point of contact for the Supervisory Committee, preparing regular reporting on audit results, issue remediation, trends, emerging risks, co-sourcing model progress, vendor performance, internal capability development, and the status of the approved audit plan.

Develops, recommends, maintains, and executes a risk-based annual audit plan, including audit programming in the areas of operations, compliance and technology, aligned with the audit universe, organizational risk priorities, regulatory priorities, and business objectives.

Oversees audit execution, including planning, scoping, fieldwork, documentation, reporting, and validation of management corrective actions.

Supports and maintains the audit universe and performs annual and ongoing risk assessments to help ensure audit coverage remains responsive to changing business, regulatory, operational, technology, and control risks.

Ensures effective tracking, escalation, and validation of audit findings and remediation activities, including clear reporting to the Supervisory Committee and senior leadership.

Coordinates and manages day-to-day relationships with co-sourced and external audit partners, including scope, priorities, performance expectations, knowledge transfer, and internal capability development.

Promotes strong governance, internal controls, risk awareness, and compliance with applicable internal audit standards, regulatory expectations, policies, and procedures.

Prepares and presents clear audit, risk, control, and operational updates and recommendations to executive leadership, management, external partners, and governance bodies.

Performs all other duties as assigned by the Supervisory Committee or SVP, General Counsel & Chief Risk Officer.

QUALIFICATIONS:

Education

A bachelor's degree in accounting, finance, business administration, risk management, or a related field is required. Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), or similar audit, risk, compliance, or financial services credential strongly…

VP, Internal Audit