Chief Audit Executive

First New York; City of Albany (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

First New York Federal Credit Union is establishing an in-house Chief Audit Executive (CAE) to lead a risk-based internal audit function, reporting to the Supervisory Committee for independence and objective assurance. The CAE will build governance, expand audit coverage, and provide actionable insights to leadership and regulators.

The ideal candidate combines audit judgment with financial services/regulatory knowledge, executive presence, and the ability to drive a scalable audit program in a

Qualifications

• 8+ years in internal/external audit, risk, or compliance with leading complex audits.
• Knowledge of risk-based auditing, internal controls, and audit reporting.
• Experience in financial services or highly regulated industries.
• Executive-level communication skills and clear, objective reporting.
• Ability to work independently and manage multiple priorities in a lean environment.
• High standards of integrity and professional skepticism.

Responsibilities

• Develop and execute a risk-based internal audit plan aligned with risk profile, priorities, regulatory expectations, and Supervisory Committee oversight.
• Establish internal audit charter, methodology, quality standards, documentation practices, and reporting protocols.
• Maintain independence with direct access to the Supervisory Committee and relevant records.
• Provide independent assessments of internal controls, governance, and risk management.
• Escalate significant control weaknesses, remediation delays, evolving risks, and issues for Supervisory Committee attention.
• Lead or oversee audits across finance, operations, IT, lending, vendor management, and other risk areas.
• Coordinate audits of key third parties and specialized programs as applicable.
• Assess findings, identify root causes, and craft proportionate recommendations.
• Utilize internal resources, co-sourced providers, or SMEs to deliver the audit plan.
• Coordinate with regulators and external auditors; support examinations and responses.

Skills

Executive presence

Audit judgment

Regulatory knowledge

Independent thinking

Lean environment adaptation

Education

Bachelor's degree in accounting, finance, business administration, information systems, risk management, or related field

Job description

Description

First New York Federal Credit Union is strengthening its governance and assurance framework by establishing an in-house Chief Audit Executive (CAE). The CAE is the senior leader responsible for building and directing an independent, risk-based internal audit function that provides objective assurance over governance, risk management, internal controls, regulatory readiness, and the effectiveness of key programs and processes.

The CAE reports functionally to the Supervisory Committee to preserve independence and objectivity, with an administrative reporting line to the President/CEO. The role serves as a trusted advisor to the Supervisory Committee and executive leadership while maintaining the independence required to evaluate management practices, controls, and remediation efforts.

The ideal candidate combines strong audit judgment, financial-services and regulatory knowledge, executive presence, and the ability to build a practical, disciplined audit program in a lean environment. This leader will coordinate internal and external assurance activities, expand audit coverage, track issues through closure, and provide clear, actionable insights to the Supervisory Committee and management.

Duties & Responsibilities

Internal Audit Strategy, Independence, and Governance

• Develop, maintain, and execute a risk-based internal audit plan aligned with the credit union’s risk profile, strategic priorities, regulatory expectations, and Supervisory Committee oversight responsibilities.
• Establish the internal audit charter, methodology, quality standards, documentation practices, and reporting protocols, subject to Supervisory Committee approval.
• Maintain organizational independence and objectivity, including direct and unrestricted access to the Supervisory Committee, records, personnel, systems, and physical properties relevant to audit work.
• Provide independent assessments of the design and operating effectiveness of internal controls, governance practices, and risk management processes.
• Escalate significant control weaknesses, overdue remediation, emerging risks, and matters requiring Supervisory Committee attention.

Audit Planning and Execution

• Lead or oversee financial, operational, compliance, information technology, lending, vendor management, business banking, and other risk-based audits.
• Expand audit coverage in areas that may receive limited review, including commercial lending, broader lending activities, vendor management, business banking, and third-party service providers.
• Coordinate audits of key third parties and specialized programs, including Netbank and CUBG, as applicable.
• Assess audit findings, identify root causes and recurring themes, and develop clear recommendations that are proportionate to risk.
• Use internal resources, co-sourced providers, or subject‑matter specialists as appropriate to deliver the approved audit plan.

Regulatory Examinations and External Assurance Coordination

• Serve as the primary internal audit liaison for NCUA examinations and support examination readiness, information coordination, management communication, issue tracking, and response preparation.
• Coordinate the annual financial statement audit and other external audits, including planning, information requests, status reporting, and follow‑up.
• Lead or support requests for proposals and the evaluation of external audit and specialized assurance providers.
• Promote coordinated assurance and reduce unnecessary duplication among internal audit, risk management, compliance, external auditors, and regulators while preserving each function’s responsibilities and independence.

Issue Management, Monitoring, and Trend Analysis

• Establish and maintain a centralized process to track management responses and corrective actions arising from internal audits, external audits, and regulatory examinations through validated closure.
• Report the status, aging, risk, and recurrence of open findings to management and the Supervisory Committee.
• Identify and communicate trends in control performance, audit results, and emerging risk indicators.
• Present relevant analysis of delinquency, charge‑offs, watchlist loans, and other credit‑risk indicators to support Supervisory Committee oversight.
• Coordinate member complaint reporting on behalf of the Supervisory Committee, including consistent reporting and escalation of material themes.

Supervisory Committee Support and Executive Communication

• Coordinate and support Supervisory Committee meetings, including agendas, materials, presentations, minutes or action‑item follow‑up, and communication with presenters and advisors.
• Provide clear, concise, and timely audit reports and executive‑level presentations that distinguish facts, risk implications, root causes, and recommended actions.
• Advise the Supervisory Committee on the adequacy of audit coverage, the independence and performance of the internal audit function, and significant governance or control matters.
• Build constructive relationships across the organization while preserving the professional skepticism, confidentiality, and independence required of the role.
• Communicate effectively with regulators, external auditors, executive management, and the Board or Board committees, as appropriate.

Internal Audit Function Development

• Build a scalable internal audit operating model, including annual planning, resource allocation, audit universe development, risk assessment, engagement supervision, reporting, and follow‑up.
• Evaluate and recommend appropriate audit technology, data analytics, and continuous monitoring capabilities.
• Develop the future staffing, co‑sourcing, and capability roadmap for the internal audit function as organizational needs mature.
• Establish a quality assurance and improvement program and periodically assess the function against applicable professional standards and regulatory expectations.
• Promote a culture of accountability, continuous improvement, ethical conduct, and sound risk management.

Requirements

• Bachelor’s degree in accounting, finance, business administration, information systems, risk management, or a related field.
• At least 8 years of progressive experience in internal audit, external audit, risk, compliance, accounting, or a related assurance discipline, including significant experience leading complex audits or an audit program.
• Demonstrated knowledge of risk-based auditing, internal controls, governance, issue validation, and audit reporting.
• Experience in financial services or another highly regulated industry, with the ability to interpret regulatory expectations and translate them into practical audit coverage.
• Executive‑level communication skills and the judgment to present sensitive or complex matters clearly, objectively, and constructively.
• Demonstrated ability to work independently, manage multiple priorities, and build structure in a lean environment.
• High standards of integrity, discretion, professional skepticism, and confidentiality.

Preferred Qualifications

• Experience with credit unions, banks, lending, commercial lending, vendor management, and financial statement audits.
• Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), or Certified Regulatory Compliance Manager (CRCM).
• Experience serving as a chief audit executive, audit director, audit manager, or equivalent leader with direct interaction with a board, audit committee, or supervisory committee.
• Knowledge of NCUA regulations, examination practices, and credit union operations.
• Experience with audit management systems, data analytics, continuous auditing, or technology‑enabled control testing.
• Master’s degree in a relevant field.

Core Leadership Competencies

• Independence and sound judgment
• Enterprise risk perspective
• Executive presence and clear communication
• Professional skepticism and analytical rigor
• Collaboration without compromising objectivity
• Planning, prioritization, and disciplined follow‑through
• Change leadership and function building