4450 Excelsior Blvd Ste 100 Saint Louis Park, MN 55416-5119
Job Description
We seek an accomplished and proactive Senior Internal Auditor specializing in Banking Compliance to join our Internal Audit team. This role offers a unique opportunity to lead impactful initiatives, shape our internal audit processes, and contribute to maintaining standards of regulatory compliance within the dynamic landscape of the banking industry.
As a Senior Internal Auditor, you will collaborate with our co-sourcing partner, driving excellence in our bank compliance initiatives. Your expertise will be instrumental in conducting internal audits focused on compliance and front-line operations. Beyond audits, you will actively contribute to our Internal Audit Risk Assessment, audit reporting, and education across the company ensuring a comprehensive understanding of potential risks and mitigation strategies.
This is an exciting opportunity for a results-oriented professional who thrives in a collaborative environment, possesses knowledge of compliance regulations, or willing to become subject matter expert in this area and is ready to make a significant impact.
RESPONSIBILITIES:
- Lead Compliance Audit Initiatives:
- Lead the development of the Compliance Audit Plan.
- Design and implement the compliance audit framework from the 3rd line of defense perspective.
- Manage multiple projects to accomplish departmental and company goals and objectives.
- Manage a co-sourcing partner engagement to assist in execution of the internal audit plan around banking compliance.
- Communicate the results of audit projects to management through written reports and oral presentations.
- Conduct Operational Internal Audits:
- Plan and execute internal audits around compliance and front-line operations in accordance with the Audit Plan.
- Perform audit fieldwork to deliver control assurance and improvements in the control environment.
- Identify and define issues, review and analyze evidence, and document processes.
- Risk Management and Compliance Support:
- Lead Internal Audit Risk Assessment process around banking compliance.
- Act as a Subject Matter Expert on regulatory and compliance topics, supporting the internal audit practice.
- Assess and validate that risks and controls are appropriately designed and operating effectively.
- SOX Compliance and Program Management:
- Support the maintenance of a sustainable Sarbanes-Oxley program.
- Facilitate effective communication of audit results via written reports and presentations to functional and process owner management.
- Documentation and Follow-up:
- Prepare clear, concise documentation of work performed.
- Identify mitigating and compensating controls and perform follow-up procedures to monitor implementation of remediation plans.
- External Audits and Education:
- Facilitate and support requests from external auditors and bank examiners.
- Conduct educational sessions on compliance programs and expectations.
Education & Experience
QUALIFICATIONS
- Bachelor’s degree in finance, accounting or related field and 3+ years of audit or similar experience in banking industry.
- Working knowledge of compliance regulations or willingness to learn and become an expert in (Reg B, DD, Reg E, Reg Z, U etc.), core horizontal compliance requirements (Fair Credit Reporting Act, Reg O, Privacy, etc.), BSA/AML requirements, Fair Lending, and applicable regulatory guidance.
- Experience managing multiple projects while providing performance feedback to accomplish departmental and company goals and objectives.
- Experience in financial industry audits.
- Understanding of the Sarbanes-Oxley Act of 2002 and control frameworks such as COSO and FDICIA.
- Demonstrated project management skills.
- Strong attention to detail, critical thinking, and written communication skills.
- Certification as a CIA, CPA, CAMS, CFSA, CFE, CRCM or similar, preferred.
- Experience in utilizing data analysis tools to perform audit work is preferred.
- Proficiency in Microsoft Excel, Word, PowerPoint, SharePoint, and Outlook.
About
Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.
We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.
At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!
The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.
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