Lead - Audit

Position Title

Position Summary:

The Audit Lead serves as a key resource in performing and overseeing audits, including operational, compliance, and financial audits. This role involves leading complex audit engagements, managing audit assigned resources, and providing strategic insights to enhance organizational operations and compliance. The Audit Lead collaborates closely with management as a trusted advisor, ensuring adherence to regulatory standards and internal controls while promoting continuous improvement.

Essential Duties and Responsibilities:

Audit Leadership

• As an individual contributor, plan, lead, and execute all phases of complex audits, including risk assessments, program development, fieldwork, and reporting.
• Develops and refines audit programs to address emerging risks, regulations, and business priorities.
• Maintains comprehensive and accurate audit documentation in accordance with departmental and professional standards.
• Completes annual risk assessments of assigned auditable entities.

Audits Management

• Supervises audit persons assigned to audit engagements, providing coaching, guidance, and feedback to enhance performance, audit evaluation and skill development advice.
• Ensures audit engagements are completed within budget, deadlines, and quality benchmarks.
• Reviews and approves audit workpapers, reports, and findings.

Strategic Collaboration

• Acts as a liaison with senior management and other stakeholders, fostering collaborative relationships to identify and mitigate risks.
• Provides actionable recommendations to address controlling weaknesses and operational inefficiencies.

Risk and Compliance Oversight

• Conducts risk assessments to prioritize audit engagements and ensure comprehensive coverage of high-risk areas.
• Evaluates the adequacy of internal controls and compliance with regulatory frameworks such as NCUA and state regulations.
• Partners with management to develop management responses
• Monitors management's completion of corrective action plans and complete validations that actions implemented are appropriate for close-out of outstanding issues.

Data Analysis and Reporting

• Utilizes advanced analytics tools (e.g., IDEA, ACL) to enhance audit efficiency and effectiveness.
• Prepares and presents clear and concise audit reports to senior leadership and the Audit Committee.

Continuous Improvement

• Stays current with industry trends, audit practices, and regulatory changes, integrating best practices into audit methodologies.
• Contributes to the development of the internal audit function, including training initiatives and process enhancements.

If applicable, please provide:

# of Direct Reports:

# of Indirect Reports:

Financial Responsibility:

Minimum Qualifications:

Education:

• Bachelor's degree in Accounting, Finance, Business, or a related field (required).

Licensure:

• Professional certifications are required, such as CIA, CPA, CISA, or CFE.

Experience:

• Ten plus years of experience in internal or external auditing, with a focus on financial services or credit unions.
• Demonstrated experience leading audit engagements and managing teams.
• Familiarity with regulatory requirements such as those from the NCUA and state regulatory bodies.

Knowledge, Skills, and Abilities:

• Advanced knowledge of audit frameworks (e.g., COSO) and regulatory compliance standards.
• Strong analytical, problem-solving, and decision-making skills.
• Proficiency with audit management tools (e.g., TeamMate) and data analytics platforms (e.g., IDEA).
• Excellent communication and interpersonal skills, with the ability to present executive leadership.
• Ability to work independently in a fast-paced, dynamic environment.

Physical Demands and Work Environment:

(The physical demands and work environment characteristics described herein are representative of those that must be met by an employee to successfully perform essential functions of this position and/or may be encountered while performing essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)

• While performing the essential duties of this position, an employee would frequently be required to stand, walk, and sit.
• Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.
• The noise level in the work environment is usually moderate.
• Our company offers a dynamic hybrid work arrangement, which requires three days of on-site work, in the Sugar Land, TX office.

Disclaimer:

Texas Dow Employees Credit Union is an equal opportunity employer, dedicated to a policy of non-discrimination in employment on any basis including race, color, age, protected veteran status, sex, religion, disability, genetic information, national origin, or other status protected by federal, state or local law. Consistent with the American Disabilities Act, applicants may request accommodations needed to participate in the application process.