Internal Audit Associate
Internal Audit Associate
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$ 55000 - 90000
1 Vacancy
Job Description
About Us
Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be Americas Small Business Bank. Our products help customers buy build and expand their business and our highyield savings and CD products help them grow their hardearned money. At Live Oak we never lose sight of the wellbeing of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined and we seek those who embody and embrace what it takes to empower the American dream.
How This Role Impacts Live Oak and its People
The Internal Audit Associate will support the Internal Audit department in executing audits and assessments of the banks operations processes and internal controls. This role involves evaluating the adequacy and effectiveness of controls to ensure compliance with regulatory requirements company policies and industry best practices. The Internal Audit Associate will work closely with crossfunctional teams to identify opportunities for operational improvements mitigate risks and contribute to the overall governance framework at Live Oak Bank.
What Youll Do at Live Oak
Assist in the planning execution and documentation of audits of various business units and operations. This includes conducting tests evaluating control design and identifying areas for improvement.
Support the identification and evaluation of risks and controls related to financial reporting operations compliance and IT.
Perform test procedures to determine whether the bank is complying with relevant laws regulations and internal policies. Review existing control frameworks and recommend enhancements to mitigate risks.
Contribute to the development of audit reports and provide actionable recommendations to management for process improvements and enhanced controls.
How Youll Do It
Prepare and maintain comprehensive audit work papers and documentation in accordance with IIA professional standards and internal methodologies.
Work closely with various departments to understand business processes and assist in walkthroughs to identify key activities risks and controls.
Provide clear concise and relevant documentation of work performed including thorough description of issues and observations identified.
Develop recommendations for identified control issues and assist in fostering a culture of continuous improvement.
Complete validation testing to ensure issues have been appropriately remediated.
Assist with adhoc audit requests special investigations or other projects as needed.
Required Experience
Bachelors degree in Accounting Finance Business Administration or related field.
12 years of experience in internal audit external audit or a related field.
Knowledge of internal controls risk management and audit methodologies is a plus.
Strong analytical skills with the ability to identify and evaluate risks and control gaps.
Good written and verbal communication skills to effectively report findings and collaborate with colleagues.
Proficiency in Microsoft Office Suite (Excel Word PowerPoint).
Ability to manage multiple tasks and deadlines in a fastpaced environment.
CPA CIA or CISA certification (or progress toward certification) is a plus.
Attention to detail and accuracy.
Selfmotivated proactive and able to work independently or as part of a team.
Strong problemsolving ability and desire for continuous learning and professional development.
Our Values
Dedication:Possess a deep commitment to Live Oak Banks mission and core values exemplified through a strong work ethic adaptability and pride in your work.
Ownership:Take initiative to deliver positive results by proactively and creatively solving problems while maintaining a high degree of quality.
Respect:Treat everyone courtesy politeness and kindness.
Innovation:Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.
Teamwork: Foster collaboration accountability and trust with others and understand that together we do more
For a detailed overview of our employee benefits please visit: Oak Bank is an Affirmative Action and Equal Opportunity Employer Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race color religion sex sexual orientation gender identity national origin age genetic information veteran status or disability. Equal access to programs service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at.
Commitment to Diversity
Live Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills experience and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.
Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employerpaid sick leave including but not limited to Arizona California Colorado District of Columbia Maine Maryland Massachusetts Michigan Nevada New Jersey New Mexico New York Oregon Rhode Island Vermont and Washington.
Required Experience:
IC
Employment Type
Full-Time
