Internal Audit & Compliance Specialist

Scale Bank • Edina, MN

3d

About The Position

The Internal Audit & Compliance Specialist supports the VP of Finance in administering the Bank’s internal audit, compliance, and risk management programs. The position helps monitor compliance with applicable banking regulations, coordinate audits and examinations, track corrective actions, conduct compliance reviews, and maintain effective internal controls. The Specialist works with departments across the Bank to support compliance with regulatory requirements, established policies, and industry best practices.

The role allocates approximately 50% of its time to internal audit and compliance, 20% to regulatory examination support, and 30% to policies, reporting, and administrative support. It has no supervisory or work-direction responsibility over other employees. Duties may change, and other duties may be assigned by the VP of Finance and Compliance Officer.

Requirements

• Two to five years of banking operations, audit, compliance, risk management, or related experience.
• Basic understanding of banking regulations, compliance, or audit.
• Knowledge of internal controls and audit principles.
• Strong analytical and problem-solving abilities.
• Excellent organizational and time management skills.
• Strong written and verbal communication skills.
• Ability to manage multiple projects and deadlines.
• Proficiency in Microsoft Office applications, including Excel, Word, and PowerPoint.
• Ability to maintain confidentiality and exercise professional judgment.
• Ability to evaluate workflows, identify inefficiencies, and recommend process improvements.

Nice To Haves

• Bachelor’s degree in Accounting, Finance, Business Administration, Risk Management, or a related field.
• Community banking experience.
• Working knowledge of banking systems.

Responsibilities

• Conduct in-house compliance and internal audits.
• Assist with coordinating internal and external audit programs, maintaining audit schedules, planning audits, collecting documents, and communicating with auditors.
• Monitor audit findings and management responses; track corrective action plans and verify timely resolution of audit exceptions.
• Maintain audit reports, workpapers, supporting documentation, testing records, and schedules.
• Prepare audit summaries and compliance reports for management and Board review.
• Assist with administration of the Bank’s Compliance Program, including Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) activities.
• Conduct compliance reviews and testing to assess adherence to regulatory requirements, policies, and procedures.
• Monitor regulatory compliance, identify compliance issues, and recommend corrective actions.
• Assist with employee training on compliance, audit, and internal control requirements.
• Assist with risk assessments and internal control reviews.
• Help prepare for regulatory examinations and independent compliance reviews; gather, organize, and provide requested documentation.
• Maintain examination tracking logs and management responses, and monitor corrective actions related to examination findings and recommendations.
• Assist in reviewing, updating, and maintaining Bank policies and procedures; monitor policy review schedules and maintain revision records.
• Research regulatory changes and identify potential impacts on Bank operations.
• Prepare reports and maintain tracking logs related to audits, compliance monitoring, examinations, policy reviews, compliance issues, and corrective action plans.
• Assist in preparing materials and reports for management committees and Board meetings, including reporting on compliance, internal audit, risk assessments, and examination findings.
• Maintain confidential audit, compliance, risk management, and regulatory records.
• Support special projects and perform other duties as assigned by the VP of Finance and Compliance Officer.

What This Job Offers

• Job Type: Full-time
• Education Level: No Education Listed