Jobs · South Dakota

Controls Testing Analyst

Innovative Bancorp · Sioux Falls, SD · 3 mo ago
On-siteFull-time

Key Responsibilities

  • Control testing and assurance
  • Formulates testing plans and executes internal testing cycles to confirm controls perform according to the process, risk and control inventory
  • Tests the operating effectiveness and efficiency of departmental business controls
  • Identifies testable attributes for new and existing controls
  • Risk identification and remediation
  • Identifies and communicates risks, control gaps and unnecessary complexity across business processes
  • Identifies potential business risks, operational and regulatory process deficiencies and improvement opportunities
  • Risk monitoring and reporting
  • Drives risk conversations with leadership and highlights areas of concern and communicates testing results clearly and timely
  • Prepares testing results, findings documentation, memos and related reporting materials for review with business partners, Business Risk and Controls and management
  • Recommends and monitors remediation plans for identified control issues
  • Documentation and process improvement
  • Reviews and updates control narratives and flowcharts with relevant business partners
  • Maintains complete, accurate and well-supported testing documentation, including workbooks, evidence, findings, business responses and final reporting materials
  • Identifies continuous process improvement opportunities and partners with process and control owners to implement them
  • Stakeholder engagement
  • Buils and maintains effective relationships across the Business Risk and Controls team, the Fintech Solutions division and corporate functions
  • Communicates regularly with mid-level and senior management across the division
  • Performs other duties as assigned

Qualification Requirements

  • 5+ years of relevant experience in functional control testing, compliance control testing, quality assurance, functional process assessment, operational risk, audit or risk analysis
  • Undergraduate degree in a banking-related field, risk management, audit, compliance, or an equivalent combination of training and experience
  • Strong research and analytical skills with attention to detail, accuracy and organization
  • Excellent verbal, written and interpersonal communication skills
  • Able to prioritize and manage multiple projects and deadlines simultaneously
  • Strong computer skills with knowledge of databases and applications
  • Proficiency in the Microsoft Office suite, including Excel, PowerPoint, Word and Outlook
  • Demonstrates strong motivation, accountability and resilience in pursuing goals, delivering high-quality results and continuously improving performance
  • Demonstrates the ability and willingness to learn and use approved artificial intelligence tools to improve productivity, decision-making and work quality, while keeping use compliant with company policies

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