Credit Union of Texas · 1 day ago
Business Audit Specialist
Allen, Texas, United States
Full-time
Onsite
Senior Level
5+ years expCredit Union of Texas is focused on safeguarding its operations through effective auditing practices. The Business Audit Specialist plays a critical role in auditing and validating business account documentation to ensure compliance with internal policies and regulatory standards.
BankingConsultingFinancial Services
Responsibilities
Conduct thorough audits and detailed reviews of new and existing business account documentation to verify accuracy, completeness, and adherence to internal policies and regulatory standards
Validate authorized signers and ownership structures across diverse business entity types (e.g., LLCs, Corporations, Partnerships, Non-Profits, Sole Proprietorships, and Trusts)
Analyze supporting business entity documents (articles of incorporation/organization, operating agreements, partnership agreements, bylaws, EIN letters, etc.) for authenticity and compliance
Serve as the primary point of contact and subject matter expert, providing timely, accurate guidance and training to branch personnel on complex business account documentation requirements
Identify documentation deficiencies, discrepancies, or risk exposures; collaborate with branches and other departments to promptly resolve issues and implement corrective actions
Ensure ongoing compliance with BSA/AML, Beneficial Ownership Information (BOI) reporting, Office of Foreign Assets Control (OFAC), USA PATRIOT Act, and other regulatory obligations
Maintain detailed audit trails, documentation records, and reporting to support internal reviews, external audits, and regulatory examinations
Stay current on evolving regulatory changes, industry best practices, and credit union policies related to business accounts and documentation
Participate in special projects, process improvements, and training initiatives to enhance documentation quality and operational efficiency
Qualification
Required
High School diploma or equivalent required
Minimum of 5 years of progressive experience in a financial institution (credit union, bank, or similar) with direct focus on business/commercial account documentation, onboarding, or compliance
Demonstrated expertise in evaluating complex business entity structures and signer authority
Proven track record in documentation review, audit, or quality control processes
Ability to apply common sense understanding to carry out detailed instructions and to deal with problems involving many variables
Ability to perform basic math skills including adding, subtracting, multiplying, and dividing two digit numbers
Ability to use passive vocabulary of 5,000-6,000 words; read at a moderate rate; and define unfamiliar words in dictionaries for meaning, spelling, and pronunciation
Ability to write complex sentences, using proper punctuation, and using adjectives and adverbs
Ability to communicate in complex sentences, using normal word order with present and past tenses and good vocabulary
Ability to read, analyze and interpret general business periodicals, professional journals, correspondence, and procedure manuals
Ability to effectively present information and respond to questions from groups of managers, guests, vendors and the general public
Preferred
Associate's or Bachelor's degree in Business Administration, Finance, Accounting, Compliance, or a related field preferred
Experience developing or delivering training/documentation preferred
Prior background in audit, compliance, risk management, or BSA/AML highly desirable
Company
Credit Union of Texas
Credit Union of Texas is a financial firm that provides banking, loans and investment services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Kristopher Harris, RMT
CEO - Community Engagement Officer at Credit Union of Texas
Angela Faust, PMP, NCCO
SVP/Chief Operations Officer
Recent News
2025-05-30
2025-05-27
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