Internal Auditor & Fraud Mitigation Specialist
Labor Credit Union
Location: Washington, DC
The Internal Auditor will perform audits of the organization’s financial, information systems, and daily Operations to assess compliance with applicable standards, guidelines, and sufficiency of internal controls throughout the operation. This position, serving as a Fraud Mitigation Specialist will also perform a variety of daily duties that help mitigate potential losses to the credit union through the use of control and activity reports to identify suspicious and/or potentially fraudulent transactions performed against the credit union. The Internal Auditor will report to the Chair of the Supervisory Committee for assignments and reporting of Audit work and will coordinate with and report to the Chief Financial Officer with regards to activities performed in the role of Fraud Mitigation, as well as for employee needs, resources, and regular coaching.
Primary Duties & Responsibilities:
- Works with the Supervisory Committee Chair to establish an annual Audit Schedule of credit union Operations, and performs Audits to determine the effectiveness of, and compliance with established internal controls, Board Policies, and Operating Procedures by following industry standards and best practices for completing Audit work.
- Drafts and presents reports of findings and analysis; identifies and recommends revisions and improvements to accounting or operational practices and procedures.
- Assists in preparatory work for externally conducted Financial Audits (CPA, AffirmX) and NCUA Regulatory Exams.
- Coordinates with Department Leaders to update, maintain, and complete periodic Risk Assessments of products and/or services pertaining to the functional areas under their responsibility.
- Reviews daily transaction and activity reports to identify possible losses that the credit union could incur and acts to secure funds within member accounts to minimize losses. Communicates actions taken with Member Service departments and/or members as necessary or required by regulation.
- Performs certain quality control checks on new membership documentation and approvals to identify fraudulent account openings and/or identity theft scenarios. Coordinates with Member Service departments to resolve discrepancies.
- Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act.
- Performs other related duties as assigned.
Education & Experience
- Bachelor of Finance/Accounting degree or requisite experience required.
- Certified Public Accounting (CPA), Certified Internal Auditor (CIA) designation, and/or experience working for an audit firm preferred.
- Working knowledge of Generally Accepted Accounting Principles
- Extensive knowledge of information systems security, fraud investigation, fraud mitigation, and risk assessments required.
- Excellent organizational skills and attention to detail.
- Strong analytical and problem-solving skills.
- Proficient with Microsoft Office Suite or related software.
- 10% travel required.
- Must pass credit and background check.
- Position work is mostly performed remotely via Telecommuting. Occasional travel to Credit Union facilities will be necessary to perform audit work and attend meetings as needed.
Salary: $55,000 -$60,000 Annually
How to Apply
Submit application via Careers – Labor Credit Union (dolfcu.org)
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