Vice President, Internal Audit

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Description/Job Summary

The Vice President, Internal Audit leads the development and implementation of the association internal audit function. This role is responsible for risk assessments, credit review, compliance with operating and reporting processes, adherences to policies and procedures, and testing of the internal control program.


Develops and Implements the Association Audit Plan

  • Identifies risks facing the Association and develops an audit plan that determines areas to be audited and the scope of the audits
  • Determines what outside resources will be required to complete the audit plan
  • Develops a process for selecting sample loans to audit and communicates sample parameters to regional office teams
  • Establishes audit schedules for each regional office
  • Assesses the credit quality and credit administration of loans within each regional office sample against guidelines and defined credit quality classification
  • Analyzes and prioritizes audit findings and identifies the impact they have on the Association
  • Leads the development of the audit report and reviews and approves recommended actions
  • Determines compliance with the Association’s key internal controls


  • Presents the audit plan and risk assessment for the Board Audit Committee’s consideration and approval
  • Prepares and presents audit reports regularly to management, the Board of Directors, and the Board Audit Committee
  • Meets regularly with the senior management team to discuss the status of the audit plan

Association Liaison

  • Interacts and communicates with the Farm Credit Administration
  • Meets with the Financial Reporting and Internal Controls teams
  • Engages with System, District and Association peers

Management & Development

  • Keeps informed of the latest developments concerning internal audit best practices and Generally Accepted Accounting Principles (GAAP)
  • Conducts training of the Board Audit Committee
  • Selects, develops, motivates and empowers the Directors of Internal Audit
  • Assigns work and provides work guidance and direction
  • Directs and motivates employees towards objectives by establishing performance standards and measures performance against standards
  • Provides feedback and rewards employees for performance in a timely manner
  • Coaches and counsels employees to improve performance
  • Recruits, hires and on-boards new department staff

Required Skills

  • Knowledge in credit extension, credit administration, and portfolio management procedures
  • Knowledge of 2013 COSO internal control framework
  • Expert knowledge and understanding of general audit requirements and principles
  • Skill in utilizing a systematic approach to problem solving
  • Skill in utilizing Microsoft Word, Excel, PowerPoint and Outlook to increase efficiency and effectiveness
  • Skill in making sense out of complex issues
  • Skill in organizing material and information in a systematic way to optimize efficiency and understanding
  • Working knowledge of accounting principles, practices and methods
  • Skill in utilizing business systems and application
  • Skill in preparing and presenting information to an audience in an engaging and effective way
  • Oral and written communication skills sufficient to discuss a variety of job-related topics, and to effectively communicate complex topics to a variety of audiences

Required Qualifications

Bachelor’s degree in accounting, finance or a related field and at least 7 years of related experience in business processes;
Or an equivalent combination of education and experience sufficient to perform the essential functions of the job.

Audit Certification and/or Certified Public Accountant certification preferred

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We are an Equal Employment/Affirmative Action employer. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state, or local law.

If you need a reasonable accommodation for any part of the employment process, please contact us by email at and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this e-mail address.

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