Auditor

Alerus - Minnetonka, MN

Full-time

Minnetonka, MN

Credit Intermediation and Related Activities

About the position

The Auditor at Alerus Financial is responsible for developing and executing internal audits across various functional areas, ensuring compliance with regulations and internal policies. This role involves planning audits, maintaining knowledge of products and services, communicating findings, and assisting with company-wide projects and research requests.

Responsibilities

• Plan and perform assigned internal audits in conformity with the annual audit plan and the International Professional Practices Framework (IPPF).
• Prepare or update planning and risk assessment tools for each audit performed.
• Develop or update audit programs based on new regulations and results of risk assessments.
• Conduct internal audits in a timely manner utilizing a risk-based approach with sufficient documentation to support audit procedures performed.
• Supervise, provide guidance, and review work papers.
• Monitor progress on audit recommendations issued by internal audit and external organizations (i.e. OCC, SEC, FINRA, independent accountants).
• Understand the areas being audited by attending meetings and training.
• Maintain current knowledge of company procedures and regulations.
• Analyze current company policies and procedures for appropriateness.
• Carry out a program of continuing education and seek specialized training for applicable audit areas.
• Assist with audits and examinations performed by external organizations.
• Identify opportunities for efficiencies while performing audit procedures.
• Assist in streamlining processes and functions while maintaining adequate controls.
• Perform research on new regulations and adjust audit programs as necessary.
• Responsible for both verbal and written reporting of audit findings.
• Communicate policy exceptions, compliance violations, and control weaknesses to department supervisors and managers during audit engagements.
• Submit audit work, findings, and reports to Senior Auditor for review.
• Present final reports to management of departments audited.
• Support all audit work for presentation to the Audit Committee, external auditors, and regulatory examiners.

Requirements

• Bachelor's degree from a college or university required.
• 3+ years of related experience in bank or financial institution internal auditing preferred; or equivalent combination of education and experience.
• In-depth background in Audit and supervisory skills.
• Broad knowledge of traditional banking functions.
• Experience with evaluating and testing internal controls.
• Strong oral and written communication skills.
• Ability to perform research independently and work under minimal supervision.
• Excellent organizational and time management skills.

Nice-to-haves

• Professional certification (CPA, CBA, CIA or CFSA) or advanced degree is a plus but not required.