Bank Risk and Audit Specialist

First Utah Bank•Salt Lake City, UT

1d•$60,000 - $100,000

About The Position

The Risk and Audit Specialist is an entry-level role into Audit and Compliance that provides critical execution support across the Bank’s independent risk management and oversight functions. This role reports to the Internal Audit Manager and is primarily responsible for executing the Bank’s audit program, while also assisting with the monitoring and surveillance activities of the Compliance and BSA/AML areas. Pay will depend on experience, skills, education, etc. ($60,000 to $100,000/yr is the range). Preservation of the Three Lines of Defense To maintain the integrity of the Bank’s governance framework, this role operates under strict protocols: First Line (Operations): The employee will have no decision-making authority over Bank operations or lending. Second Line (Compliance, BSA/AML): The employee will assist in monitoring and surveillance of risk. Third Line (Internal Audit): the employee will provide independent testing. Crucially, the employee will not audit any specific second line processes.

Requirements

Three to five years in banking, specifically within audit, compliance, or risk management.
Strong understanding of internal controls
Proficiency with Microsoft Office and other programs
Knowledge of current banking industry trends and emerging technologies.
Ability to remain objective and maintain confidentiality.
Excellent analytical, problem-solving, and decision-making skills.
Strong leadership, communication, and interpersonal skills.

Nice To Haves

Professional auditor certification (CIA - Certified Internal Auditor) preferred, otherwise it will be an objective to accomplish after starting in the role.

Responsibilities

Assist in planning, executing, and documenting internal audits across all bank departments and processes.
Prepare audit workpapers, testing documentation, and preliminary findings reports.
Conduct testing of internal controls, including transaction sampling and substantive testing procedures.
Review and evaluate operational processes for efficiency, effectiveness, and compliance with established policies.
Document audit procedures, observations, and recommendations in accordance with professional standards.
Track and monitor management action plans resulting from audit findings.
Assist in preparing audit reports for senior management and the Board Audit Committee
Maintain organized audit files and documentation in compliance with retention policies.
Assist in the preparation and compilation of the Bank’s Internal Audit Risk Assessment and Internal Audit Plan
Perform follow-up reviews to verify implementation of corrective actions.
Research and stay current on banking regulations, industry standards, and audit best practices.
Review Bank policies as compared to internal audit workpapers ensuring that all information maintained by the Internal Audit Department is current and accurate
Compile and verify general ledger certifications each quarter-end and on two random dates in a 12-month period
Verify accuracy of paper general ledger transaction tickets, verify daily branch balancing and report results of surprise cash counts, and other recurring internal audit tasks.
Assist with special projects and investigations as directed by the Internal Audit Manager.
Serve as either the primary or back-up to daily tasks including cash monitoring, CTR filings, SAR filings, 314(a) processing, and OFAC suspect match reviews.
Support BSA/AML monitoring activities, including reviewing alerts and investigating suspicious activity.
Support the Bank’s CRA program including completion of CRA service hours, assistance with CRA service hours, lending and investment tracking.
Assist in conducting compliance reviews and testing of BSA/AML program components.
Help maintain compliance documentation, policies, and procedures manuals.
Support regulatory examination preparation and coordination.
Assist with regulatory change management activities and impact assessments.
Conduct periodic reviews of bank operations for compliance with applicable regulations.
Support compliance training completion across the organization.
Support Customer Identification Program (CIP) and Customer Due Diligence (CDD) processes
Support compliance testing and documentation

Benefits

Medical, Dental, and Vision coverage (Bank pays 75% of Medical and Dental premiums).
Company-paid Life Insurance and Disability.
Paid Leave, Maternity/Paternity Leave, Company Parties/Activities, Tuition Reimbursement, etc.

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