About this opportunity
Alero Financial lists this Internal Auditor opportunity in elgin, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Job Description
nJob Description
nPosition Title: Internal Auditor
nReports functionally to: Supervisory Committee / Board of Directors
nReports administratively to: Chief Executive Officer
nGrade Level: 16
nFull Salary Range: $120,574.45 - $180,861.67
nHiring Salary Range: $120,574.45 - $150,718.06
Position Summary:
nThe Internal Auditor serves as the independent leader of the Credit Union’s Internal Audit function, responsible for administering a comprehensive, enterprise-wide audit program that provides objective assurance on governance, risk management, and internal control effectiveness.
nOperating with full organizational independence, this role functions as the third line of defense and provides direct reporting to the Supervisory Committee and Board of Directors. The Internal Auditor evaluates risks across all lines of business, including operational, financial, compliance, cybersecurity, and vendor risk, and delivers formal audit opinions that support sound governance and strategic decision-making.
nThis position acts as a trusted advisor to executive leadership while maintaining independence, ensuring the Credit Union remains aligned with NCUA, IDFPR, and industry best practices.
Duties and Responsibilities
nInternal Audit Execution & Oversight
nnExecute a risk-based internal audit program, including audits not covered by external audit firms
nPerform branch audits and operational audits to ensure consistency, compliance, and strong internal controls across the organization
nEvaluate the effectiveness of internal controls, policies, and procedures across all business units
nIdentify control gaps and provide practical, actionable recommendations that strengthen operations, not just compliance
nAudit cannabis and hemp-related lending and deposit programs by independently evaluating the effectiveness of management's governance, risk management practices, internal controls, due diligence processes, underwriting standards, transaction monitoring, and compliance with applicable legal, regulatory, and policy requirements.
nAudit Banking as a Service, embedded finance, and fintech partnership programs by independently assessing governance, third-party oversight controls, regulatory compliance, settlement and reconciliation controls, consumer protection controls, data integrity, information security, and management's monitoring of program risks.
nMonitor and validate remediation of findings from internal, external, and regulatory audits
n nRegulatory & External Auditor Liaison
nnServe as the primary liaison for all regulatory examinations and external audits
nCoordinate interactions with the National Credit Union Administration, Illinois Department of Financial and Professional Regulation, and external audit partners
nLead exam readiness efforts, including documentation, coordination, and communication across departments
nMaintain independent tracking of audit findings, regulatory issues, and management corrective action plans; report status and validate remediation through resolution.
nEnsure consistent, professional, and timely communication with all stakeholders
n nSupervisory Committee & Board Engagement
nnAct as a key partner to the Supervisory Committee Chair and Committee members, ensuring they are well-informed and supported
nPrepare and distribute Supervisory Committee meeting packets, including agendas, reports, and supporting documentation
nCoordinate and send meeting invitations and communications
nUpload and manage all materials within BoardEffect
nAttend and present at Supervisory Committee meetings and, when appropriate, the Board of Directors
nProvide clear, concise reporting that enables effective oversight and decision-making
n nRisk, Compliance & Governance Alignment
nnCoordinate with Risk, Compliance (including BSA/AML), Fraud, Operations, and Third-Party Risk Management to inform audit planning and ensure appropriate risk coverage while preserving Internal Audit's independence.
nIndependently assess the design and effectiveness of governance, risk management, and internal controls addressing operational, credit, compliance, cybersecurity, and third-party risk.
nProvide independent assurance regarding the effectiveness of risk identification, measurement, monitoring, and control activities associated with cannabis-related banking and lending programs.
nProvide independent assurance over management's governance and oversight of Banking as a Service and fintech partnership activities, including third-party risk management, regulatory compliance, operational resiliency, and control effectiveness.
nProvide independent insight into policy effectiveness and regulatory adherence
nSupport governance best practices and enhance organizational accountability and transparency
n nProcess Improvement & Strategic Contribution
nnIdentify opportunities to improve efficiency, controls, and overall effectiveness
nRecommend and implement enhancements to Internal Audit processes, reporting, and workflows while providing advisory recommendations, without assuming management responsibility for business-line controls or operations.
nEmbrace and leverage technology, automation, and data analytics to modernize the audit function
nOperate as a trusted advisor, balancing risk mitigation with business practicality
nAll other duties as assigned
n Qualifications:
nExperience
nn10 -12+ years of experience in internal audit, risk, or compliance within financial services (credit union or banking preferred)
nExperience independently auditing or examining the governance, risk management, compliance, and internal controls supporting cannabis and hemp-related lending and deposit programs; strongly preferred.
nExperience independently auditing or examining Banking as a Service, sponsor institution, embedded finance, or fintech partnership programs, including governance, third-party risk management, regulatory compliance, and settlement and reconciliation controls; strongly preferred.
nExperience working with NCUA and/or state regulatory exams
nProven ability to work directly with Boards, Supervisory Committees, and executive leadership
nExperience in complex, multi-product financial institutions ($1B+ preferred)
n nEducation & Certifications
nnBachelor's degree in Accounting, Finance, Business, or related field required
nPreferred certifications: CPA, CIA, CISA, CRCM, or CAMS
n nCore Competencies
nnStrong knowledge of internal controls, audit practices, and regulatory frameworks
nAbility to independently assess the adequacy and effectiveness of governance, risk management, compliance management systems, and internal controls supporting cannabis-related banking programs and Banking as a Service partnerships.
nStrong understanding of the respective roles and responsibilities of business line management, Compliance, BSA/AML, Third-Party Risk Management, and Internal Audit within the Three Lines Model.
nExceptional organizational skills with the ability to manage multiple priorities and deadlines
nClear and confident communicator, able to translate complexity into actionable insights
nHigh level of independence, integrity, and professional judgment
nProactive, solutions-oriented mindset with the ability to recommend and implement change
nComfortable navigating complex environments and evolving priorities
nEmbraces new systems, technology, and continuous improvement
n nSuccess Measures
nnEffective execution of internal audits, including branch and operational audits
nStrong, well-coordinated regulatory exams and external audits
nTimely and organized Supervisory Committee reporting and meeting management
nTimely, well-documented independent audit coverage of cannabis-related lending and deposit programs and Banking as a Service partnerships, with findings clearly reported and management remediation independently validated.
nReduction in repeat findings and measurable improvement in internal controls
nEnhanced alignment between audit, risk, and operational teams
nDemonstrated ability to drive improvements and elevate organizational performance
n nBenefits
nnHealth, Vision, Dental Insurance
nLong-term Disability Insurance
nCritical Illness
nLife Insurance
n401(k) match
nProfit sharing
nPTO
nFlexible Spending Account
nTuition Reimbursement
nPet Insurance
nCommuter Benefit
n Applicable federal and multi-state regulations including, but not limited to:
nnNCUA – Federal Credit Union Act
nNCUA – Bank Secrecy Act (BSA)
nNCUA – USA PATRIOT Act
nNCUA – Gramm-Leach-Bliley Act (GLBA)
nTruth in Lending Act (TILA)
nEqual Credit Opportunity Act (ECOA)
nFair Credit Reporting Act (FCRA)
nElectronic Fund Transfer Act (EFTA)
nDodd-Frank Act
nSarbanes-Oxley Act (SOX)
nNCUA – 12 CFR Part 701
nNCUA – 12 CFR Part 702
nNCUA – 12 CFR Part 703
nNCUA – 12 CFR Part 707
nNCUA – 12 CFR Part 715
nNCUA – 12 CFR Part 723
nNCUA – 12 CFR Part 741
nNCUA – 12 CFR Part 748
nNCUA – 12 CFR Part 749
nIllinois Credit Union Act
nIllinois Consumer Fraud and Deceptive Business Practices Act
nIllinois Personal Information Protection Act
nMulti-State – Data Privacy and Breach Notification Laws
nMulti-State – Unclaimed Property (Escheatment) Laws
nMulti-State – Usury and Interest Rate Laws
n nWhile performing the duties of this role, the employee is regularly required to sit, use a computer, and communicate effectively in person and via phone or virtual platforms. Occasional travel and schedule flexibility may be required.
nReasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Worksite address
elgin, IL, 60122, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.