VP Internal Audit - Technology Focus

Join the People Helping People

Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose: We accelerate partners’ success through innovative financial technology solutions and inspired service.

The Opportunity

The VP, Internal Audit – Technology is a working manager, performing and managing internal audit assignments throughout the company, working independently or under the supervision of Audit Management (the SVP of Internal Audit and working as part of the audit team of Velera’s co-sourced Internal Audit partners).The incumbent will work to assist the Internal Audit management team in team management and organizational activities, on all types of audits, but will have an expertise in Information Technology and Data. Additionally, the incumbent will work as part of an audit team to conduct audits, evaluate risks, test controls, and review processes related to financial data and systems, internal controls, department procedures, and compliance with regulatory rules and company policies. The incumbent will assist with tracking of open audit findings and facilitate response generation, information gathering, testing evidence, and escalation of prior findings with the Audit Management. There will be exposure to senior management throughout the organization. VP Internal Audit will have direct reports, Audit Managers. VP Internal Audit are responsible for the and support and development of less experienced staff as well as the support and development of Audit Managers. VP Internal Audit will assist the SVP of Internal Audit in the development and communication of audit activities with senior managers, executive managers, and the Audit Committee, as necessary.

We are looking for someone who can accommodate working eastern time zone hours in the United States.

Day in the Life

• Assist in the development of the Annual Internal Audit Plan.

• Coordinate risk assessment and audit universe development activities within Internal Audit as well as the ERM and Regulation Compliance departments.

• Manage and execute the full audit cycle including:

• Plan internal audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; preparing audit scope and objectives.

• Identify key controls, control design, and/or control deficiencies through the development of risks and controls matrix.

• Create process documentation, including process narratives and flow charts, to assist with audit planning and execution.

• Create audit program and testing procedures at the entity, process, transaction or application levels, including assessing controls and potential risks.

• Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated processes; identifying process weaknesses and inefficiencies and technical issues.

• Maintain open communication with management.  Communicates audit progress and findings by providing information in status meetings; highlighting unresolved issues; reviewing working papers; preparing final audit reports.

• Partner with internal clients to define action plans for deficiencies identified.

• Prepare and present reports that reflect audit’s results and document process.

• Assist Audit Management and co-sourced internal audit partner to coordinate and schedule audit meetings.

• Monitor management’s completion of the actions agreed upon in the remediation process.  Escalate, support, and provide support when needed or requested by Audit Management.  

• Prepare and/or review Audit reports and manage revisions.

• Assist business owners in defining gaps or process deficiencies and associated action plans for remediation.

• Willingness to continue to learn, grow and hone your risk management and audit expertise by participating in on-going training, including possibly pursuing certifications, as necessary, and monitoring changes to applicable guidance and regulations related to corporate initiatives and industry standards.

• All audit activities assigned must be performed in accordance with Velera Internal Audit methodology as defined in the Audit Manual consistent with IIA standards.

Qualifications

• Bachelor’s degree in accounting, Finance, Information Technology and/or business or related field is required.

• Currently holds one or more audit professional certification, such as CISSP, CPA, CIA or CISA or equivalent audit credentials, required.

• Technical audit certification, such as CISA, CISSP, CRISC, required.

• Master’s degree or/or advanced degree, in the technology field is a plus.

• Required to hold an audit certification(s) as condition of continued employment and/or promotion to next level.

• Minimum of twelve (12) years’ related work experience in auditing (public accounting or internal audit experience, with emphasis on Information Technology and Data).

• Minimum of five (5) years’ experience working in another functional area such as accounting, risk management, IT, or other business or operational position.

• Working knowledge of payment systems and financial services related to the credit/debit card industry preferred.

• Working knowledge of Python, HighBond ACL and SQL.

  

About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners.   Learn more about our commitment to Diversity, Equity, and Inclusion HERE!

Pay Equity

$134,500.00

to

$174,900.00

Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work/Life Benefits!

• Competitive wages

• Medical with telemedicine

• Dental and Vision

• Basic and Optional Life Insurance

• Paid Time Off (PTO)

• Maternity, Parental, Family Care

• Community Volunteer Time Off

• 12 Paid Holidays

• Company Paid Disability Insurance

• 401k (with employer match)

• Health Savings Accounts (HSA) with company provided contributions

• Flexible Spending Accounts (FSA)

• Supplemental Insurance

• Mental Health and Well-being: Employee Assistance Program (EAP)

• Tuition Reimbursement

• Wellness program

• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E-Verify Employer. Review the E-Verify Poster here.  For information regarding your Right To Work, please click here.

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at recruiters@velera.com for assistance.