Associate Auditor

Cambridge Savings Bank; Waltham (MA); On-site; USD 37,000 - 49,000; Full time

Job summary

Cambridge Savings Bank seeks an Associate Auditor to perform audits across bank operations, subsidiaries, and affiliates under the Audit Manager. Responsibilities include documenting processes, identifying control gaps, and recommending risk-reducing changes.

Strong communication and organizational skills are essential, with travel required. Qualified candidates will have a business-related degree and 1+ year internship experience; pursuit of CFSA/CISA/CIA is encouraged.

Qualifications

• Bachelor’s degree in a business-related field (Accounting/Finance/AIS/Audit).
• 1+ year internship or related experience.
• Knowledge of regulatory compliance and bank operations preferred.
• Proficient in Microsoft Office (Excel, Word, Outlook).
• Strong interpersonal and written/oral communication skills.
• Ability to organize, prioritize, and travel between locations.
• Willingness to pursue CFSA, CISA, or CIA certification.

Responsibilities

• Perform audits of bank departments, subsidiaries and affiliates.
• Analyze and document process flows to identify control deficiencies and test plans.
• Assess controls, identify exposure, and suggest procedural changes to reduce risk.
• Prepare audit work papers and clear documentation of work performed.
• Verify compliance to key controls by inquiry, observation, or document review.
• Manage completion of audit tasks within budgeted time and record hours.

Skills

Interpersonal communication

Oral and written communication

Education

Bachelor’s degree in business-related field

Tools

Microsoft Office

Job description

Position Summary

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity. Under supervision of the Audit Manager, responsible for performing audits of bank departments, subsidiaries and affiliates according to generally accepted auditing standards.

Brief Description

POSITION: Associate Auditor

Position Summary: At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity. Under supervision of the Audit Manager, responsible for performing audits of bank departments, subsidiaries and affiliates according to generally accepted auditing standards.

Key Result Areas

• Perform segments of financial, operational, compliance and follow-up audits of all bank operations, including retail banking, deposit operations, lending, pension trust, information systems and accounting, as well as any Bank subsidiaries or affiliates.
• Analyze and document process flows (i.e. flow charts, narratives and matrixes), to assist in the identification of control deficiencies as well to assist in the development of test plans.
• Perform analysis of controls, identifying areas of exposure, and recommend changes in procedures/processing to reduce risk, with limited supervision.
• Prepare audit work papers and documentation detailing work performed in a clear and concise format.
• Verify compliance to key controls by inquiry, observation, or examination of documents.
• Manage the completion of assigned audit tasks within budgeted time frames allocated. In-addition record hours worked on audit tasks and refer to Audit Manager for proper Time Control.
• Establish and maintain effective working relationships with all employees and customers.
• Perform additional duties as required

Qualifications

• Bachelor’s degree in a business related field, preferably Accounting, Finance, Information Systems, or Audit
• 1+ year of current and/or recent business related internship experience in an organization
• Knowledge of and/or experience with regulatory compliance and basic understanding of bank operations preferred
• Strong statistical analysis skills and proficiency in Microsoft Office, e.g. Excel Word, Outlook
• Good interpersonal, oral and written communication skills
• Ability to organize and prioritize work assignments and projects
• Ability to travel freely among all banking locations
• Willingness to pursue certification in the field of Auditing (CFSA, CISA or CIA).

Location: Hybrid/Waltham, MA

Salary Range: $26.70 – $35.50

The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $26.70 – $35.50. Cambridge Saving Bank will determine actual compensation for the role based on factors including, but not limited to, the successful candidate’s skills, qualifications, and experience. In addition, Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full‑time roles including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.

About Cambridge Savings Bank

Cambridge Savings Bank is a full‑service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts‑based branch network and through digital banking solutions for commercial, small business and consumer customers. In March 2026, Kroll Bond Rating Agency affirmed CSB’s investment‑grade rating, reinforcing the bank’s position as a reliable business leader. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370.

Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.