Risk Management/Internal Audit Org Structure

We are looking to combine our Internal Audit, Compliance, and Risk Mgmt (responsible for risk assessments and vendor management) departments into one division with an AVP that oversees all three depts.  If anyone is willing to discuss if your credit union is structured similarly and specifically, how you are able to still maintain independence and objectivity for the Audit function.  Our Supervisory Committee and I want to make sure that these potentially grey and blurred areas don't violate those principles.  My email is [email protected].  I would appreciate any input you might have!

Thanks,

Aya Suzuki

Internal Audit Director

Noble Federal Credit Union