Senior Auditor

Salary Range: $102,900.00 - $128,000.00

Exact compensation may vary based on skill and experience.

Hybrid opportunity requiring a local candidate to the greater Sacramento region. 

Why SAFE?

SAFE offers so much more than just full medical, vision, dental, 401k matching, HSA, and FSA! Learn more about how we support our workforce!

• Professional Development Opportunities: Offering training programs, workshops, and mentorship.
• Recognition and Appreciation: Regularly acknowledging employee achievements and contributions.
• Flexible Work Arrangements: Providing options for remote work and flexible scheduling.
• Positive Company Culture: Fostering an inclusive, collaborative, and supportive work environment.
• Career Growth: Clear paths for career advancement and internal promotions.
• Work-Life Balance: Encouraging a healthy balance between professional and personal life.
• Employee Empowerment: Allowing employees to make decisions and have autonomy in their roles.
• Space of Belonging: ERGs, YOUnity Council and a focus around diversity, equity inclusion and belonging. 
• Wellness Programs: Promoting physical and mental health through wellness initiatives and resources.
• Strong Leadership: Having leaders who inspire, support, and guide their teams effectively.
• Sense of Purpose: Creating a sense of mission and aligning company goals with employees' personal values.

POSITION PURPOSE

The Senior Auditor is a pivotal member of the Internal Audit department, responsible for advancing governance, risk management, and operational effectiveness within the credit union. This position independently conducts objective audits across diverse functions, processes, and programs, prioritized based on their risk profile. The role involves a critical evaluation of the adequacy and effectiveness of internal controls and compliance with regulations. The Senior Auditor manages all audit phases from planning through to the final report under the guidance of the Assistant Vice President, Internal Audit. This role requires regular interaction with senior management across the organization to discuss audit findings, resolve issues, and suggest meaningful enhancements. Additionally, the Senior Auditor leads or contributes to special projects, including investigative assignments, and provides training and mentorship to junior staff involved in these projects.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Prepare process flow documentation and identification of key risks for processes under review.
• Plan, develop and implement an audit program to adequately evaluate key risks and related controls for an assigned audit area.
• Independently manage internal audit projects or segments of projects and provide direction to audit team regarding assessment of risk, design of internal control tests, sampling approach and execution, and documentation of procedures and results; review working papers prepared by audit team, when assigned.
• Formulate audit plans, perform risk assessment, and conduct adequate audit procedures independently.
• Maintain comprehensive working papers to support and substantiate audit findings and conclusions.
• Communicate progress of audit with auditees, audit project team members, and Assistant Vice President, Internal Audit on a timely basis.
• Prepare written communications such as audit reports, partner correspondence, and memos.
• Collaborate with control owners to ensure corrective action plans are in place to remediate any gaps identified with internal controls.
• With each completed audit, provide the Assistant Vice President, Internal Audit with timely and accurate audit working papers and a draft internal audit report that includes the audit team’s objective analyses, appraisals, and recommendations to improve operations and controls.
• Assist in conducting special investigations involving suspected employee fraud and dishonesty, operating losses, and cash shortages; complete Suspicious Activity Reports (SAR).
• Assist in researching, resolving, and responding to member complaints received through regulatory agencies and the Better Business Bureau.
• Assist in supporting external auditors’ annual audit and regulators’ periodic examinations.
• Lead or assist in the development of the internal audit department’s procedures, practices, and training.
• Provide recommendations regarding control and compliance concerns related to the products and services offered by the credit union and related to new processes and system changes.
• Meet with new hires during the new hire orientation program to discuss confidentiality of credit union information, password protection, check kiting, internal fraud, and consequences.
• Keep current with industry and technical audit knowledge, regulatory changes, and professional standards by attending various continuing education programs.
• Perform special projects, as assigned by the Assistant Vice President, Internal Audit.

QUALIFICATIONS

 Education/Certification:

Bachelor’s degree in accounting, finance, or a related field, master’s degree preferred

Certification:

• Certified Public Accountant (CPA), Certified Internal Auditor (CIA) certification, or similar professional certification required. Certified Information Systems Auditor (CISA) or Certified Fraud Examiner (CFE) preferred.

Required Knowledge:

Solid understanding in all major areas of credit union operations and regulatory requirements. Comprehensive understanding of major banking/credit union risks including credit, interest rate, liquidity, operational, compliance, and reputation risks. Strong knowledge of auditing standards, methodologies, and practices.

Experience Required:

Minimum of 4 years of experience as an internal or external auditor in the financial services industry. Public accounting experience preferred.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.