Principal External Audit Liaison
: Job Details :


Principal External Audit Liaison

Navy Federal Credit Union

Location: Vienna,VA, USA

Date: 2024-11-14T07:55:01Z

Job Description:

OverviewThe information below covers the role requirements, expected candidate experience, and accompanying qualifications.Research, prepare and formulate for the enterprise all external audit activities, including financial statement, operational, and compliance audits. Serve asa liaison with various business units, risk, legal and compliance to ensure external audit activities are conducted in accordance with regulatory requirements, internal policies, and industry standards.ResponsibilitiesCoordinate external financial statement, operational and compliance audits, and processes to ensure timely and accurate completionDevelop relationships with team members, management, key stakeholders and/or external auditorsInterface directly with external audit representatives and lead the business unit preparedness and response efforts for financial statement, operational and compliance auditsResponsible for coordinating responses, ad hoc requests to/from the external auditors, and audit briefings simultaneously for financial statement, operational and compliance auditsPerform audit preparation activities, audit scheduling, information requests, and provide quality assurance for audit responses and other regulatory inquiriesResponsible for tracking and ensuring timely and accurate responses to audit and other ad hoc requestsCollaborate with business unit partners to provide guidance as it relates to the accuracy of financial reporting, compliance with auditing standards, and understanding of auditing principles, and financial regulations, and the unique aspects of credit union operationsExecute and coordinate service level agreements with business partners and external auditors, outlining responsibilities and general expectationsServe as a liaison as it relates to audit findings and corrective action plans, ensuring findings are appropriately addressed and resolved timelyPartner with management to ensure external audit preparednessFacilitate post-audit feedback from external auditors, management, and participating staff; coordinate with business units and external auditors to incorporate lessons learned into operational processes, audit administration activities and the respective service level agreementsPartner with business units, support areas and other stakeholders to implement and maintain programs and relationshipsFocus on stakeholder relationships, needs, and expectations; ensure support, awareness and understanding through effective communicationDevelop and maintain an understanding of relevant industry standards, best practices, business processes, and technologies, ensuring compliance with applicable federal and state laws, rules, regulations, statutory requirements, Navy Federal policies and procedures and industry standardsMonitor and research changes in regulatory practices related to audit issues and communicate to appropriate staff and business partnersPrepare status reporting for business partners, keeping management informed of key audit activities and initiatives and the impact of such activities on policies, processes, and technologyDevelop and monitor key performance indicators, determine gaps in performance metrics, and recommend/execute change management techniques for efficiency/quality improvementsSupport change management efforts, cross-functional initiatives, and department/organization projectsDevelop reports and make presentations to senior managementPerform other duties as assignedQualificationsExperience in leading programs that engage with internal and external auditors and examiners, preferably in a large financial institutionAdvanced knowledge of Internal Controls concepts and practices and risk-based auditing techniquesAdvanced knowledge of federal and state laws pertaining to financial reporting requirements, including Statements of Financial Accounting Standards (SFAS), Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), etc.Advanced knowledge of audit regulations, standards, and best practicesExperience in project management overseeing multiple, large complex projectsAbility to work in a fast-paced business environment and manage multiple projects concurrently, and meet changing requirements and priorities to accomplish goalsExperience in managing multiple priorities and participating in cross-functional and multi-dimensional teamsAdvanced experience working with all levels of staff, management, stakeholders, and external auditorsAdvanced skill exercising initiative and using good judgment to make sound decisionsAdvanced skill building effective relationships through rapport, trust, diplomacy, and tactAdvanced skill in project management to include establishing and leading project teams; managing timelines/deadlines/resources; ensuring successful project implementationAdvanced skill presenting findings, conclusions, alternatives, and information clearly and conciselyAdvanced research, analysis, and problem-solving skillsExpert verbal, written and interpersonal communication skillsExpert word processing, spreadsheet, and presentation software skillsBachelor's degree in accounting, finance, business administration, economics, or related field, or the equivalent combination of education, training, and experienceDesired QualificationsMaster's degree in accounting, finance, business administration, economics, or related fieldWorking knowledge of banking/financial industry trends, products, and servicesWorking knowledge of Navy Federal's functions, philosophy, operations, and organizational objectivesCertified Public Accountant and/or Certified Internal Auditor Professional CertificationProject Management Professional CertificationExperience in public accounting, especially with a Big Four accounting firm, a plusHours: Monday - Friday, 8:00AM - 4:30PMLocations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive Pensacola, FL 32526About UsNavy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.• Best Companies for Latinos to Work for 2024• Computerworld® Best Places to Work in IT• Forbes® 2024 America's Best Large Employers• Forbes® 2023 The Best Employers for New Grads• Fortune Best Workplaces for Millennials™ 2023• Fortune Best Workplaces for Women ™ 2023• Fortune 100 Best Companies to Work For® 2024• Military Times 2023 Best for Vets Employers• Newsweek Most Loved Workplaces• Ripplematch Campus Forward Award - Excellence in Early Career Hiring• Yello and WayUp Top 100 Internship ProgramsFrom Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/DisabilityHybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

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