Director, Internal Audit

at  Gulf Fraser

We are thrilled to share the exciting news that Interior Savings and Gulf & Fraser Credit Unions have merged to create a dynamic and unified financial institution—Beem Credit Union! As we embark on this journey together, we invite passionate and talented individuals like yourself to join us in shaping the future of banking excellence.
At Beem Credit Union, we believe in fostering a collaborative and inclusive workplace where innovation thrives, and every team member contributes to our shared success. By combining the strengths and values of Interior Savings and Gulf & Fraser, we are dedicated to providing unparalleled service to our members and creating a positive impact within the communities we serve.
Join us in shaping the future of banking excellence! Interior Savings and Gulf & Fraser have merged to create Beem Credit Union. If you’re passionate about innovation, community impact, and a rewarding career, explore opportunities with us!

A LITTLE ABOUT YOUR QUALIFICATIONS:

• Post-secondary degree in business, finance, or a related discipline an asset.
• CPA and CIA designations are an asset.
• 10 years’ related experience.
• Expert understanding of audit processes and practices.
• Comprehensive experience related to compliance in a complex financial institution and/or credit union.
• Equivalent combination of the above may be appropriate.

WHO WE ARE:

Power your possibleTM. Growth and development is an important facet of your experience and we encourage everyone to progress and contribute in a meaningful way. Here, you can develop and further your career alongside a team of passionate, empowered and engaged professionals who recognize the power of collaboration, innovation, recognition, and driving their own success. For us, the vision of ‘Power your possibleTM extends to our teams, as well as our members.
Drive, contribute, grow – together. We are stronger together and are proud to foster a caring, open-minded, and inclusive culture. We embrace diversity of backgrounds, ideas, perspectives, and experiences – this way we can meet the unique needs of our employees, members, and communities! Join our team and let’s work together to embody and promote our values: offering a welcoming environment, accountability, collaboration, and adaptability.
Giving back to our communities. We are committed to empowering our communities through local collaboration, financial wellness education, and charitable donations to charity groups, non-profit organizations, cultural and sports organizations, and students. At Gulf & Fraser, we encourage community involvement and support everyone contributing to causes that are important to them – you can feel good about working here! We empower, enrich, engage, educate, and support initiatives that positively impact our communities in three main areas of focus: community health, financial wellness, and environmental impact. Learn more about how we “Do Some Good” at https://dosomegood.ca/business/gulfandfraser.

WHAT THIS ROLE IS ALL ABOUT:

Beem Credit Union is looking for a passionate and results-oriented Director, Internal Audit to join our team. The Director, Internal Audit will provide leadership and guidance to deliver independent, objective assurance and consulting services designed to add value and improve the Credit Union’s operations. This individual will provide their technical expertise in critically reviewing auditing activities and internal controls with the intention of process improvement and formulating recommendations that address risk, compliance, operational, and strategic concerns. Reporting directly to a Board Committee and/or the full Board of Directors with an administrative reporting relationship to the Chief Executive Officer, this role is a key contributor to robust corporate governance as part of the Credit Union’s third line of defense in a Three Lines Model of risk governance.

WHAT YOU’LL DO:

Audit Planning and Delivery

• Supports development and subsequent maintenance and review of the Credit Union’s Internal Audit Charter, Internal Audit Universe, and Risk Based Internal Audit Plans ensuring alignment with the Credit Union’s strategic objectives.
• Coordinates and/or completes audits according to the Credit Union’s Risk Based Internal Audit Plan and in collaboration with internal stakeholders and external resources as needed.
• Allocates internal audit resources within budget and in collaboration with management to accomplish the Risk Based Internal Audit Plan objectives.
• Provides regular reporting to management and the Board of Directors on assessment of the adequacy and effectiveness of the Credit Union’s processes for controlling its activities and managing its risks in the areas set forth under the Internal Audit Charter and Risk Based Internal Audit Plans.
• Analyzes industry best practices to identify opportunities for improvement and formulates recommendations in relation to establishing compliance with audit practices.
• Follows up on internal audit recommendations to ensure significant issues are being addressed by management within an appropriate timeframe.
• Conducts all activities in adherence to the mandatory elements of The Institute of Internal Auditors’ International Professional Practices Framework, including the Core Principles for the Professional Practice of Internal Auditing, the Code of Ethics, the International Standards for the Professional Practice of Internal Auditing, and the Definition of Internal Auditing.

Internal Control and Audit Practices

• Evaluates the adequacy of the system of internal control to achieve control objectives encompassing:
• Safeguarding of assets and members’ deposits
• Reliability of financial and management information and reporting
• Compliance with laws, regulations, policies, plans and contracts.
• Effectiveness and efficiency of operations
• Identifying internal control weaknesses that would expose the Credit Union to risk in relation to the inherent risk of the business and processes to the overall risk profile of the Credit Union.
• Is knowledgeable of the risk profile of the Credit Union and assists in the monitoring of such profile, the level of residual risk and risk tolerance.
• Assesses risk tolerance levels for internal areas and ensures adequate controls are in place to reduce risk and higher risk appetite areas are taking on expected risk.
• Investigates audit observations to identify root cause of control deficiencies.

Process Management

• Recommends, tracks and reports Board approved audit management practices through the Credit Union.
• Collaborates with stakeholders to develop and deploy consistent procedures, soliciting and considering feedback and suggestions for updates and changes.
• Partners with stakeholders to ensure adequacy of policy and procedures surrounding audit processes and communicates as needed.

Leadership and Collaboration

• Performs special assignments of a consulting nature at the request of management that are within the competence of the skill set of the resources of Internal Audit and which are approved by Board Committee and/or full Board of Directors.
• Stays current with, and contributes to, strategic priorities, governance and risk management processes, business operations, and risk environment, as well as changing regulations, and emerging risks.
• Maintains knowledge of and communicates relevant governance, risk management and/or internal control frameworks, as well as leading industry or professional practices and trends.
• Communicates department strategies and objectives, ensuring understanding and alignment with the Credit Union’s strategic objectives.
• Communicates with and engages stakeholders in a diplomatic manner, in discussions of audit observations, risks and recommendations.
• Ensures open communication with internal teams, employees, and Credit Union partners in the areas of risk management, governance, regulatory compliance, and internal policies/procedures.