Banking Internal Audit Associate — Risk Advisory

Elliott Davis; Raleigh (NC); On-site; USD 65,000 - 90,000; Full time

Job summary

Elliott Davis is seeking an Associate – Risk Advisory to join our Financial Services Group. This role supports internal audit engagements across banking operations to strengthen controls, ensure regulatory compliance, and improve operational effectiveness.

You will work with a diverse portfolio of financial institutions, gaining exposure to ERM, MRM, and regulatory guidance, while developing audit and advisory skills within a collaborative team.

Qualifications

• Bachelor’s degree in accounting, finance, business administration, or a related field.
• 0-3 years of experience in internal audit, external audit, banking operations, risk management, or related fields (internships accepted).
• Foundational understanding of: Internal control frameworks (e.g., COSO) and audit methodologies and risk assessment techniques.
• Understanding of banking operations and regulatory expectations.
• Strong analytical and problem-solving skills with attention to detail.
• Effective written and verbal communication skills.
• Ability to manage multiple tasks and work independently and collaboratively in a team.
• Willingness to learn and develop technical audit and banking knowledge.
• Ability to travel when required (estimated max 25 nights per year).

Responsibilities

• Assist in performing internal audit engagements across core banking functions (loan ops, deposits, ACH/e-payments, wire transfers, branch operations, accounting, HR/payroll, ERM, MRM, investment/treasury).
• Execute audit procedures, including walkthroughs, testing of controls, and validation of processes.
• Identify and assess risks, control gaps, and process inefficiencies.
• Perform detailed testing of transactions, reconciliations, system controls, and regulatory compliance.
• Document audit procedures, findings, and workpapers.
• Prepare audit reports with observations and root cause analysis.
• Support compliance assessments related to banking regulations (FDIC, OCC, Fed, state regs).
• Participate in client/internal meetings to gather info and communicate progress.
• Contribute to project management across multiple audits and improve tools/methodologies.

Skills

Analytical skills

Communication skills

Problem-solving

Attention to detail

Education

Bachelor’s degree in accounting/finance/business administration

Tools

SQL

Excel

Audit analytics platforms

Job description

Elliott Davis is seeking an Associate – Risk Advisory to join our Financial Services Group. This role supports internal audit engagements across banking operations to strengthen controls, ensure regulatory compliance, and improve operational effectiveness.

You will work with a diverse portfolio of financial institutions, gaining exposure to ERM, MRM, and regulatory guidance, while developing audit and advisory skills within a collaborative team.