Operational Risk Auditor

Meriwest Credit Union; San Jose (CA); On-site; USD 49,000 - 61,000; Full time

Benefits offered by this job

Medical/Dental/Vision

Long Term Care Insurance

401K/Pension

Bonus potential

PTO & Holidays

Career growth support

In-house fitness center

Mortgage discounts

Job summary

Meriwest Credit Union in San Jose, CA is seeking an Operational Risk Auditor to strengthen our controls, risk management, and regulatory compliance. The role focuses on risk-based audits, report writing, and coordinating with the Supervisory Committee.

The auditor will perform systemed audits, provide recommendations for improvements, and collaborate with departments to address root causes. Travel to branches may be required.

Qualifications

• One to three years of similar operational audit experience.
• Bachelor’s Degree in Business, Finance or related field; CIA/CCUIA preferred.
• Professional level of speaking and writing skills are required.
• Knowledge of credit union regulations and operations.
• Must be able to travel between branches as needed.

Responsibilities

• Performs assigned audits and develops scope/objectives.
• Prepares quality audit reports with findings and recommendations.
• Collaborates with departments to implement corrective actions.
• Reports audit results to Supervisory Committee and management.
• Keeps up to date with industry trends and regulatory changes.
• Oversees special projects and investigations as assigned.

Skills

Audit experience

Bachelor's degree

CIA / CCUIA

Analytical thinking

Communication skills

Regulatory knowledge

Lending knowledge

Travel flexibility

Discretion & integrity

Education

Bachelor's Degree in Business/Finance

CIA/CCUIA certification

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full-Time Regular Corporate, San Jose, CA, US

2 days ago Requisition ID: 1938

Position Summary

As an Operational Risk Auditor, you will play a crucial role in ensuring the integrity, efficiency,and compliance of our Credit Union. Your keen eye for detail, analytical prowess, andcommitment to excellence will help us maintain our reputation as a trusted and reliablefinancial institution. The Operational Risk Auditor is responsible for: (i) The timely executionof entry to mid-level, risk-based audits in accordance with an annual audit plan; (ii) Thepreparation of audit reports in accordance with guidelines approved by management andoutside independent audit firm(s), which includes providing recommendations for improvinginternal controls and operating procedures; (iii) Working directly with the SupervisoryCommittee to report audit results and updates as needed. Audit areas may include variousbusiness operations and processes to ensure sound operational controls and compliance withregulatory requirements or industry best practices. This may include, but is not limited to:Consumer/Business/Mortgage Lending, Branch Operations, Account Opening Applications,etc.

Essential Duties and Responsibilities

• Performs assigned audits. Develops audit scope and objectives for area to be audited. Manages exams and other external audit engagements by working with the appropriate business units to ensure all requests are submitted timely, follows up on responses and schedules exit meetings accordingly.
• Collaborates with various departments to perform assessments/audits and ensure the implementation of corrective actions and improvements based on findings. This includes validating factual accuracy of findings, clearly articulating areas in need of improvement, and working with management to ensure proposed action plans address the root cause of issues.
• Prepares quality written audit reports outlining strengths and weaknesses identified during the review and providing sound recommendations in accordance to applicable laws and regulations, policy, and/or procedures. Maintain adequate work papers to support review and any findings or recommendations.
• Performs system access audits for critical systems, such as the core system or Loan Origination Systems (LOS), etc.
• Stay up-to-date with industry trends, best practices, and regulatory changes to ensure our Credit Union remains at the forefront of compliance and risk management.
• Oversees and completes all special projects, investigations, reviews, consulting assignments as assigned. Keeps management apprised of all critical issues.

Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Please note:This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Minimum Qualifications

• One year to three years of similar or related financial institution operational audit experience, including preparatory experience.
• Must have Bachelor's Degree, Business, Finance or related field. Or active certification as a Certified Internal Auditor (CIA) or Certified Credit Union Internal Auditor (CCUIA).
• Professional level of speaking and writing skills is required.
• Exceptional analytical, problem-solving, and communication skills, with the ability to convey complex information clearly and concisely. A strong sense of integrity, professionalism, and discretion, ensuring the confidentiality of sensitive information. Must be able to travel within departments and from branch to branch as needed to complete audit programs, research and special projects.
• Knowledge of business, mortgage and consumer lending.
• Knowledge of credit union regulations and operations.
• Knowledge of security procedures, cash counts, and regulatory requirements for branches and departments.

Do you want to be valued as an employee?

Employees are Meriwest’s most valuable resource. We are committed to removing barriers to access and enhancing opportunities for all individuals based on merit and potential. We provide competitive wages and a supportive environment that promotes career advancement. Meriwest utilizes a grading system to determine salary ranges for all positions. Each grade is assigned a salary range which consists of a minimum, midpoint, and maximum rate. The Operational Risk Auditor position is a Grade 9.

• Target Range: $35.44 to $44.30

*The target range for entry in a new position is between the minimum and midpoint of the range, depending on experience and qualifications.

We also offer an excellent, fully comprehensive benefits program, including:

• Medical/Dental/Vision on the first day of employment for full-time employees
• Free Long Term Care Insurance for employees
• Pension Plan/401K
• Bonus and incentive potential
• Generous Paid Time Off (PTO)/Holiday program
• Career growth support and planning programs
• In-house fitness center
• Discounts on new Mortgage after 6 months of employment

Meriwest is an equal opportunity employer that is committed to inclusion and diversity. All qualified applicants will receive consideration for employment. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics.