Job Description

Salary: $70,000 – $80,000 Exempt

Shift: 40-hour work week; Monday through Friday.

Work Location : East Meadow (in person)

Benefits: Medical, Dental, 401K, Vision, Short Term Disability, Long Term Disability and Paid Time Off.

 

Working at Nassau Financial Federal Credit Union means being part of something larger than yourself. At Nassau Financial, it is more than a job; we offer a career experience where you can grow personally and professionally while being an integral part of advancing our service mission of “Improving the financial well-being of each member and the communities we serve.”

 

At Nassau Financial, our team of professionals are the backbone of achieving our mission each day. One of the primary means to achieve this end is to develop a highly effective team of employees and advance each employee to their highest potential through coaching and leadership. Our employees are responsible for ensuring that outstanding service is delivered to both internal and external members. A key component of this service is to identify the financial needs of the member and recommend an appropriate credit union solution.

 
Our corporate tenets are an integral part of our culture and how we do business:

• Commitment to Service: Providing extraordinary service with every interaction both internally and externally to exceed the expectations of our members.
• Teamwork: Together we succeed through a spirit of mutual respect and collaboration. Feedback is welcomed and contributes to building a positive team spirit to achieve organizational goals.
• Professionalism: Team members are approachable and treat others with respect and consideration; accept responsibility for their own actions; follow through on commitments.
• Fun: We work hard, that’s why it’s called a job! However, working efficiently and effectively with others to achieve our goals can be fun too.
• Community Engagement: Our industry was founded on the principles of people helping people. Being involved in the community through volunteerism is a great way to help others.
• Continuous Improvement : An ongoing effort to make sure that our processes, methods, and practices are as efficient, accurate, and as effective as possible. We do this by examining and improving our processes to eliminate bottlenecks, use the best software, and take advantage of the most efficient methods.

 

Overview of the Role:

The primary purpose of this position is to assist Nassau Financial Federal Credit Union to live out its Service Mission, “Improving the financial well-being of each member and the communities we serve,” by providing outstanding service to both members and internal members. In addition, performs the internal audit activity of the credit union. Internal Audit shall conduct audits to help assure Management and the Supervisory Committee that the credit union is complying with all Regulatory and Internal Compliance standards. Serves as Compliance Coordinator of the credit union. Responsible for managing the Silent Whistleblower program. Develops a comprehensive practical program of audit coverage. Responsible for reviewing policies and procedures, during audits, to maintain regulatory compliance. Serves as Coordinator of the Compliance Committee and holds quarterly meetings or more frequently if changes arise. 

 

The Internal Auditor is responsible for the development and implementation of an internal audit program designed to provide assurance to the Supervisory Committee that, within economic limitation, (1) financial statements and reports comply with credit union policy; (2) internal accounting controls achieve the objective thereof and are effective in promoting efficiency and protecting assets of the credit union; and (3) operational policies and procedures that promote the well-being of the credit union are enforced. In addition, the Internal Auditor is responsible for reporting conditions that pose an inordinate risk of loss and for bringing to the surface any irregularities, fraud and other similar acts which are subject to detection through the application of normal auditing procedures. In discharging the forgoing responsibilities, the Internal Auditor reports to the Supervisory Committee of the Credit Union, through its Chairperson (administratively reports to President/CEO).

 

Accountabilities and Responsibilities:

• Design and prepare annual Audit Plan to be approved by the Supervisory/Audit Committee. Attends meetings with Committee to present completed audits with findings and recommendations and to review other audit activity. Design annual audit coverage that fulfills the selected activities of the Supervisory Committee under the Federal Credit Union Act. Ensure that audits in the plan are completed.
• Perform annual risk assessment on audit activity to aid in the design of the annual audit plan. To be included as part of the Audit Plan as presented to the Supervisory Committee.
• Reviews areas of risk while performing audit. Reports on findings for each area. Compiles annual assessment for the credit union.
• Monthly and upon request, provides the Supervisory Committee and the Board of Directors with reports of activity performed during the previous month with a copy to the Executive Management. 
• Designs and implements audit procedures that assess whether:
  • Internal accounting and financial controls of reporting entities achieve the objectives thereof and are adequate and efficient and can be relied upon to produce meaningful financial information of use to credit union management in the discharging of its responsibilities.
  • Internal controls of the credit union adequately safeguard the assets of the credit union. 
  • Financial statements of the credit union comply with credit union policy, NCUA requirements and generally accepted accounting principles, and are complete and accurate. 
  • Insider account activity is proper and that dormant accounts are properly handled and reviewed. 
  • Controls over the development, maintenance and operation of electronic data processing systems are sufficient to result in the processing of accurate and complete data. 
  • Compliance with Federal Regulations are being met. 
  • Operational Policy and Procedures are being followed.
• Perform audits on sensitive areas of the credit union including but not limited to Human Resources, Vendor Management, and Employee/Volunteer accounts. Perform other audits, if required, that are not in the audit plan. 
• Perform Branch Audits this includes but is not limited to surprise cash counts, compliance and security assessment of the branch. 
• Perform the search for selecting the independent outside auditors, including the IT auditor and BSA auditor, by submitting RFPs to at least five firms. Prepares comparison reports to be reviewed by Supervisory Committee to aid in the selection of the firm to be hired. Coordinates coverage with independent outside auditors and regulatory examiners. Follows-up on findings and recommendations. 
• Assure that auditing objectives for specific projects and audit programs are reasonable. 
• Assure that work papers adequately document the work performed and support conclusions contained in the reports. 
• Assure that reports maintain high quality and assure that matters requiring management action are brought to Management and the Supervisory Committee’s attention in a timely fashion. 
• Follow up on recommendations to determine that implementing action by affected areas has occurred. 
• Perform special reviews as may be requested by the Board of Directors or Executive Management, through the Supervisory Committee. 
• May work with law enforcement on fraud cases and if cases are brought to trial, appear in court.
• The Internal Auditor will serve as Compliance Coordinator, this includes ensuring all policies are assigned to proper areas and that any updates by government agencies are brought to attention of the respective areas (this position does not write policies as they are subject to audits) 
• Responsible for administrating the Silent Whistleblower Program. Prepare reports of any and all activity, to be given to the Supervisory Committee and to the Board of Directors. Responsible for assigning any submissions received to the proper credit union personnel to investigate and follow up on. 
• Remain aware of any new products or services implemented by the credit union and incorporate them into the audit plan. 
• Four-year college degree in Accounting or Finance; A CPA or CIA designation is a plus. 3-5 years of audit experience is required, preferably in a credit union or financial institution. 
• Experience with the use of Personal Computers and related software applications is required.
• Computer Skills: To perform this job successfully, an individual should be proficient in Microsoft Office Suite. Knowledge of Symitar, Smartsheet, Verafin and other financial industry software is a plus.

 

Pay offered to a successful candidate will be based on several factors including the candidate's education, work experience, specific job duties, certifications, etc.

Nassau Financial FCU is an Equal Opportunity Employer. m/f/h/v.

Job Tags

Full time, Temporary work, Work experience placement, Shift work, Monday to Friday,

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