Internal Audit Specialist

Job Summary
The Internal Audit Specialist performs risk-based operational audits of the Bank’s functions in accordance with the annual audit plan. Internal Audit Specialists are responsible for identifying potential risk areas, assessing the effectiveness and adequacy of internal controls, evaluating compliance with Bank policies, procedures, laws and regulations, and providing valuable insights and recommendations for improvement. This position requires collaboration with various departments and management through the planning, fieldwork, testing, and reporting stages of each audit.

Essential Functions
Employees must be able to perform the essential functions of this position satisfactorily or make a request for reasonable accommodations as needed.

• Perform internal audits to assess the effectiveness of internal controls, risk management practices, and governance processes.


• Interview employees to gain an understanding of the operation, policies, procedures and internal control systems of each audit and document them within audit workpapers.


• Identify potential risk areas and recommend improvements to mitigate these risks when control concerns are identified.


• Provide reasonable assurance of internal control effectiveness and compliance with Bank policies, procedures, laws and regulations.


• Use problem solving and critical thinking skills to identify internal control deficiencies and work with Management to develop action plans to address identified deficiencies and improve internal controls.


• Utilize data analysis software to analyze data, select testing samples, and assist other Bank departments as requested.


• Maintain awareness of emerging industry risks, trends, regulatory compliance, and technology.


• Professionally communicate each phase and audit results to management.


• Obtain and/or maintain Audit or Compliance certification and participate in continuing education.


• Develop test plans and perform testing to evaluate the effectiveness of internal controls in place by determining scope and sample size based on sampling methodology.


• Develop and document audit work papers in accordance with department standards.


• Ability to work independently, manage multiple audits and responsibilities, demonstrate efficiency and persistence, manage own time and ensure audit deadlines and objectives are met.


• Perform audit work that will be relied upon by the external CPA firm in conjunction with the annual audit of the bank’s financial statements and evaluation of internal controls.


• Exercise curiosity and maintain professional skepticism, objectivity, and independence throughout audits and adhere to the code of ethics.

Education & Experience

• This is an entry level position; individual will typically have bachelor’s degree in accounting, finance, or business-related with minimal experience in audit or related field. 


• Basic Financial Institution knowledge and ability to learn quickly with appropriate supervision and/or direction. 


• Good oral and written communication skills, proficient with using a computer and the ability to learn new software applications. 


• The individual will be self- motivated, able to work independently when needed, courteous, detailed, friendly, a team player, prompt, professional and able to meet designated deadlines.   

We offer the opportunity for career growth and development in a professional and pleasant working environment. We offer a competitive salary and exceptional benefits package including:

• Health Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage


• Dental Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage


• Health Savings Account


• Life Insurance for the employee and family


• Paid Vacation and Sick Time


• Retirement Plan Options


• Additional Perks and Benefits