Internal Auditor

Merchants Bank has an opening for an Internal Auditor. This on-site position can work from any of our Merchants Bank branch locations in Minnesota or position is responsible for independently assessing the adequacy and effectiveness of the Banks internal controls risk management practices and governance processes. Ensures compliance with applicable laws and regulations including FFIEC guidance and OCC expectations and supports the Board and Executive Management in maintaining a strong control environment.3-5 years of audit or banking experience required. Must have a strong understanding of bank operations and products and financial statements and accounting principles. Strong organizational time management and independent working skills required. Must have a high level of integrity confidentiality and Bank offers competitive wages and benefits for our full-time employees including health dental life disability and vision insurance; flexible spending accounts 401(k) and ESOP retirement plans; bonus plan; paid time off; tuition reimbursement; and a variety of voluntary supplemental insurance options. Pleaseclick on Apply Now or apply in personat any Merchants Bank location. Questions can be emailed to Bank is an Equal Opportunity Employer of women minorities protected veterans and individuals with Responsibilities and Duties:Audit Execution & Risk AssessmentPerform risk-based internal audits of bank operations as identified through the bank risk assessment Assist in the development and maintenance of the annual audit plan based on enterprise risk the design and operating effectiveness of internal & Regulatory OversightEnsure adherence to: FFIEC guidance and interagency expectationsOCC safety and soundness standardsFederal and state banking regulationsIdentify and assess compliance risks and control regulatory changes and assess their impact on audit scope and & CommunicationPrepare clear concise and timely audit reports including: Findings root cause analysis and risk ratingsPractical actionable recommendationsPresent audit results to: Enterprise Risk CommitteeExecutive ManagementAudit Committee / Board of DirectorsFollow up on audit findings to ensure timely Control & Risk ManagementEvaluate effectiveness of: Internal control frameworkOperational processesFraud prevention and detection controlsParticipate in enterprise-wide initiatives including: Business Continuity Planning (BCP)Information Security and Physical Security reviewsIdentify opportunities for process improvement and efficiencyAudit Documentation & Quality AssuranceMaintain detailed workpapers and documentation supporting audit all audits comply with Institute of Internal Auditors (IIA) internal and external audit coordination including regulatory confidentiality and integrity of sensitive Conditions Inside working environment very low noise level. May include travel to affiliate operations as required. Work is performed primarily sitting at a desk. Requires a high degree of finger dexterity very good finger-eye coordination. Skill Requirements:Minimum 35 years of audit or banking experience Strong understanding of: Banking operations and productsFinancial statements and accounting principlesAbility to: Analyze complex data and identify risksExercise sound professional judgment and independenceCommunicate effectively (written and verbal) to all levels of the organizationHigh level of integrity confidentiality and professionalismStrong organizational and time management skillsMaintain independence from operational responsibilitiesSupport a culture of compliance accountability and continuous improvementParticipate in ongoing training related to regulatory expectations and emerging risks Relationships Responsible to the Chief Risk Officer for clarification of position responsibilities. authority and for proper interpretation. Will have limited person-to-person and phone contact with customers and public however may at times have extensive staff contact. Some travel is required. Must have ability to work in a team environment and have personal manner to enhance overall professional image of the organization. Must be willing to be flexible and adaptable. Must be prepared to learn new regulations and laws.