Internal Audit Associate

Wilmington, DE - USA

Yearly Salary: $ 55000 - 90000

Posted on: 8 hours ago

Vacancies: 1 Vacancy

Job Summary

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 high-yield savings and CD products help them grow their hard-earned money. At Live Oak we never lose sight of the well-being 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 cross-functional 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
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 ad-hoc audit requests special investigations or other projects as needed
Maintain a high standard of regulatory awareness including BSA AML CIP and OFAC

Required Experience

Bachelors degree in accounting business or related field; or equivalent education and related training or experience
1-2 years of banking auditing or other relevant experience related to the area of responsibility
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 fast-paced environment

Preferred Experience

Knowledge of internal controls risk management and audit methodologies
CPA CIA or CISA certification (or progress toward certification)
Attention to detail and accuracy
Self-motivated proactive and able to work independently or as part of a team
Strong problem-solving 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 with 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.

EEO is the Law

The base pay range for this position is $55000.00 - $90000.00 per year. Compensation may also include annual bonuses and long-term incentives subject to various metrics and company policy. A candidates salary is determined by several factors including travel relevant work experience or skills and expertise.

Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid 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:

About UsLive 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 high-yield savings and CD...