Associate - Risk Advisory

Elliott Davis • Nashville, TN

1d • Remote

About The Position

Elliott Davis is seeking an Associate – Risk Advisory to join its Financial Services Group (FSG), which serves financial institutions through independent, risk-based assurance and advisory services across banking operations. The Associate supports internal audit engagements and helps clients strengthen internal controls, meet regulatory requirements, and improve operational effectiveness. The role provides exposure to operational, financial, and risk management functions within financial institutions and an opportunity to develop audit and advisory skills.

Requirements

• Bachelor’s degree in accounting, finance, business administration, or a related field.
• 0–3 years of experience in internal audit, external audit, banking operations, risk management, or a related field; internships are accepted.
• Foundational understanding of internal control frameworks such as COSO.
• Foundational understanding of audit methodologies and risk assessment techniques.
• Foundational understanding of banking operations and regulatory expectations.
• Strong analytical and problem-solving skills and attention to detail.
• Effective written and verbal communication skills.
• Ability to manage multiple tasks and work independently and collaboratively in a team environment.
• Willingness to learn and develop technical audit and banking knowledge.
• Ability to travel when required, estimated at a maximum of 25 nights per year.

Nice To Haves

• Prior exposure to banking operations, audit engagements, or regulatory compliance through coursework, internships, or work experience.
• Familiarity with auditing standards such as IIA Standards, regulatory guidance, or risk frameworks.
• Experience with data analysis tools such as Excel, SQL, or audit analytics platforms.
• Pursuit of or interest in professional certifications such as CPA, CIA, or CISA.
• Interest in a long-term career in internal audit, risk advisory, or financial services consulting.

Responsibilities

• Assist with internal audit engagements across banking functions, including loan and credit administration, deposits, ACH and electronic payments, wire transfers, branch operations, accounting and financial reporting, human resources and payroll, ERM, MRM, and investment and treasury operations.
• Execute audit procedures, including walkthroughs, control testing, and validation of operational processes.
• Identify and assess risks, control gaps, and process inefficiencies.
• Test transactions, reconciliations, system controls, and compliance with internal policies and regulatory requirements.
• Assist in evaluating internal controls related to financial reporting, safeguarding assets, and operational effectiveness.
• Document audit procedures, findings, and supporting workpapers in accordance with professional audit standards.
• Prepare audit reports with observations, root cause analysis, and practical recommendations.
• Support compliance assessments related to banking regulations and guidance, including FDIC, OCC, Federal Reserve, and state banking regulators.
• Participate in client and internal stakeholder meetings to gather information and communicate audit progress.
• Contribute to project management across multiple audit engagements and help ensure timelines and deliverables are met.
• Support continuous improvement initiatives, including audit tools, methodologies, and process enhancements.
• Perform other duties as assigned.

Benefits

• Generous time away and paid firm holidays, including the week between Christmas and New Year’s.
• Flexible work schedules.
• 16 weeks of paid maternity and adoption leave.
• 8 weeks of paid parental leave.
• 4 weeks of paid caregiver leave once eligible.
• Health and wellness benefits, including wellness coaching and mental health counseling.
• One-on-one professional coaching.
• Leadership and career development programs.
• Access to Beyond, a program offering experiences for personal and professional growth.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level