At a Glance
- Tasks: Join our Audit and Risk Committee to enhance financial management and support community members.
- Company: Acorn Community Bank, a rapidly growing credit union focused on affordable finance.
- Benefits: Gain valuable experience, make a real difference, and contribute to community welfare.
- Other info: Be part of a dynamic team with a strong commitment to ethical banking.
- Why this job: Help transform lives by improving access to fair loans for those in need.
- Qualifications: Practical audit experience and a passion for community service.
Acorn Community Bank has been growing fast, providing affordable finance to around 7000 people and has ambitious growth plans. As part of our governance procedures, the Audit and Risk committee seeks a volunteer to help with internal audit.
Acorn Community Bank serves people to whom High Street banks won’t usually offer loans. That’s about 40% of the population, who are normally served by high‑cost doorstep and payday lenders. The credit union can transform their access to loans at reasonable rates of interest. Your expertise will help us manage our business better and work more effectively with members in financial difficulty. As a result, we will deliver more robust financial services and serve our members better.
What are we looking for?
- You have practical audit experience, which you will use to review, challenge and support the Credit Union’s financial and general management capabilities.
The Credit Union has a Chief Executive who is responsible for the day‑to‑day management of the Credit Union, who may turn to you for advice and will be your main point of contact.
What will you be doing?
- Carrying out operations that deliver our agreed policies are critical challenges for any organization. This is especially true of a community bank or credit union, which is regulated by the Bank of England.
- You will be a member of our Audit and Risk Committee. The Board appoints this committee to carry out duties defined in general terms by the Bank of England, to ensure that the Board and Management of the Credit Union meet required financial reporting objectives and establish practices and procedures sufficient to safeguard members’ assets.
- This committee supports the Board to ensure that it operates correctly within the law, current regulations and Acorn Community Bank’s own rules and policies.
- The Committee also carries out audit operations in line with an agreed annual audit plan and the Committee’s Terms of Reference.
- We use an independent specialist internal audit supplier for major audits (like GDPR compliance). The role of the Audit Member of the Supervisory Committee will be to help with smaller, more focused inspections, for example whether our investments are handled according to our policy.
Internal audit for a growing Credit Union - Volunteer in Swindon employer: Acorn Community Bank
Acorn Community Bank is an exceptional employer, offering a unique opportunity to make a meaningful impact in the community by providing affordable finance to those often overlooked by traditional banks. Our collaborative work culture fosters personal and professional growth, allowing volunteers to gain invaluable experience while contributing to our mission of transforming financial access for our members. Join us in our ambitious journey to enhance financial services and support individuals in need, all within a supportive and purpose-driven environment.
StudySmarter Expert Advice🤫
We think this is how you could land Internal audit for a growing Credit Union - Volunteer in Swindon
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with current or former members of Acorn Community Bank. Building relationships can open doors and give you insider info on what they're really looking for.
✨Tip Number 2
Show your passion for the mission! When you get the chance to chat with someone from the Credit Union, make sure to express why you care about helping those who struggle to access affordable finance. Your enthusiasm can set you apart from other candidates.
✨Tip Number 3
Prepare for interviews by brushing up on your audit knowledge and understanding the specific challenges faced by community banks. Being able to discuss how your skills can directly benefit Acorn will make a strong impression.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the Acorn Community Bank team.
We think you need these skills to ace Internal audit for a growing Credit Union - Volunteer in Swindon
Some tips for your application 🫡
Show Your Passion:When you write your application, let your enthusiasm for helping the community shine through. We want to see how much you care about making a difference in people's lives, especially for those who struggle to access affordable finance.
Highlight Relevant Experience:Make sure to showcase your practical audit experience clearly. We’re looking for specific examples of how you've reviewed and supported financial management in the past, so don’t hold back on the details!
Tailor Your Application:Take a moment to customise your application for Acorn Community Bank. Mention our mission and how your skills align with our goals. This shows us that you’ve done your homework and are genuinely interested in being part of our team.
Apply Through Our Website:We encourage you to submit your application directly through our website. It’s the easiest way for us to receive your details and ensures you’re following the right process. Plus, it gives you a chance to explore more about what we do!
How to prepare for a job interview at Acorn Community Bank
✨Know Your Stuff
Make sure you brush up on your audit experience and understand the specific regulations that apply to credit unions. Familiarise yourself with Acorn Community Bank's mission and values, as well as their governance procedures. This will show that you're genuinely interested in the role and ready to contribute.
✨Prepare Thoughtful Questions
Think about what you want to know regarding the internal audit processes at Acorn Community Bank. Ask about their current challenges or how they measure success in their audit operations. This not only demonstrates your interest but also gives you insight into how you can make a difference.
✨Showcase Your Impact
Be ready to discuss specific examples from your past experiences where you've made a significant impact in an audit role. Highlight how your contributions helped improve financial management or compliance, especially in a community-focused setting. This will help them see the value you can bring.
✨Emphasise Teamwork
Since you'll be working closely with the Chief Executive and the Audit and Risk Committee, it's important to convey your ability to collaborate effectively. Share examples of how you've worked with others to achieve common goals, particularly in a volunteer or community context.
