Farm Credit Council Looking for VP Internal Audit (Hybrid) at Chicago, IL  Full Time

Compeer Financial is seeking collaborative, innovative and dynamic professionals to be a part of our Top Workplace culture!

Tell me more about this opportunity.

Position Overview:
This position leads the internal audit team responsible for creating and implementing risk-based audit programs. The incumbent provides auditing guidance to leadership and the Audit & Finance Committee of the Board of Directors in evaluating the effectiveness of organizational control systems that have been established. Through on-going review of practices and operating procedures, oversees the identification of internal control gaps in business procedures, processes or systems and provides recommendations on appropriate remedial action to protect and shield the organization from creating or perpetuating methods or activities which put the organization at risk. Reporting to the Audit Committee and the Chief Financial Officer, the incumbent provides vital information to the Audit & Finance Committee of the Board of Directors regarding the effectiveness of the organization’s third line of defense and internal control systems. Serves as the primary Compeer audit contact for the Farm Credit Administration (FCA), AgriBank and other regulatory bodies.

The hybrid position is open to any Compeer Financial office location in Illinois, Minnesota,or Wisconsin.

Essential Functions:

• Sets and executes the vision for internal audit including risk assessment, scoping and remediation plans.
• Establishes, implements and monitors an internal review program to ensure a satisfactory internal control system for administration of credit, financial services, financial operations and administrative functions in the organization.
• Is responsible for implementing board-approved audit directives.
• Oversees audit operations and provides leadership and direction in communicating and monitoring audit policies, practices, programs, and processes.
• Creates and manages the overall process for control risk assessments, audit plans, audit programs, and audit reports.
• Oversees, reviews, and evaluates the organization’s system of internal controls and determines compliance with policies and procedures, as well as regulatory and statutory requirements.
• Supports and expands upon recommendations formulated by the internal audit team to improve existing controls and provide operating efficiencies.
• Develops, in collaboration with the committee members, appropriate training plans for the Audit & Finance Committee of the Board.
• Sees the big picture as well as understands the details in formulating internal audit plans and related implications to the Company.
• Works proactively and collaboratively with other leaders across the organization, especially within the Credit and Risk Management and Enterprise Financial Management teams. Includ es activities such as actively participating in the monthly meetings of the Enterprise Risk Management Committee (ERMC – a committee established by Executive Leadership to assist with enterprise risk identification, assessment, prioritization and response).
• Identifies and implements short- and long-term strategies and tactics for the department.
• Aids in establishing and developing guidelines to ensure the team provides a consistent quality level of service, which is timely, thorough and responsive to all internal/external clients.
• Meets regularly with the Audit & Finance Committee to report the status of Internal Audit’s ongoing monitoring activities, educates and informs the committee of emerging risks and/or exposures (whether internal or external to the company) that should be considered, and serves as a “thought leader” with respect to risk management and internal control best practices.

Minimum Qualifications & Required Knowledge, Skills and Abilities:

• Bachelor’s degree in business administration, finance, accounting, or related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
• 10+ years of internal audit required with experience auditing financial institutions. Credit review experience preferred.
• Minimum of five years of leadership and management experience, with recent experience in supervising the audit function.
• Audit designations, preferred.
• Expert knowledge of internal auditing standards, processes, controls and audit techniques.
• Expert knowledge of Generally Accepted Auditing Standards (GAAS) for financial reporting and advanced knowledge of Generally Accepted Accounting Principles (GAAP).
• Advanced knowledge of lending and credit management.
• Experience in the agriculture industry preferred.
• Advanced knowledge of applicable federal a nd state laws, rules and regulations regarding credit extension.
• Advanced knowledge of data analytics.
• Advanced knowledge of COSO’s Enterprise Risk Management Framework and principles.
• Experience in developing and supervising information technology audits.
• Experience in supervising audits of financial institutions.
• Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization.
• Skill in analyzing information to formulate logical and objective conclusions.
• Skill in writing concise, logical, grammatically correct analytical reports providing audit findings and recommendations.
• Skill in utilizing a systematic approach to problem solving.
• Skill in planning and coordinating an internal audit program.
• Skill in prioritizing assignments and utilizing time management.
• Skill in establishing and maintaining relationships with internal and exter nal clients to provide audit services.
• Strong computer skills, including MS Office applications.
• Valid driver’s license.

Who is Compeer Financial?
Compeer Financial exists to champion the hopes and dreams of rural America. By joining our team, you will help empower those in agriculture and rural communities to achieve their goals and expand their possibilities. We embrace business agility and innovative approaches to serving our clients and communities.

Why join our team?

• Amazing team members who are passionate about serving agriculture and rural America.
• Investment in our team members’ education, growth and development.
• Engagement in our communities through giving back and volunteerism.
• Flexible, collaborative and dynamic work environment.
• Great benefits:
  • Medical, Dental, Vision insurance
  • 401K (3% Compeer contribution & up to an additional 6% match)
  • Paid time off (vacation, sick leave, holidays, volunteer time)

Find out why our team members choose Compeer Financial by watching.

How do I apply?
Qualified candidates, please apply online at.

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.