Controls Testing Analyst

The Bancorp; Sioux Falls (SD); On-site; USD 70,000 - 90,000; Full time

Job summary

The Bancorp is seeking a Controls Testing Analyst in Sioux Falls, SD. This position is critical within the Business Risk and Controls team, executing internal testing cycles to ensure control effectiveness and manage risks effectively. The role involves collaboration with various management levels and precise communication of testing results.

Candidates should possess 5+ years of relevant experience, a degree in a related field, and strong analytical abilities. This full-time position offers competitive benefits and opportunities for professional growth.

Qualifications

• 5+ years of experience in relevant fields.
• Strong computer skills with knowledge of databases.
• Ability to manage multiple projects and deadlines.

Responsibilities

• Formulates testing plans and executes testing cycles.
• Tests effectiveness of business controls.
• Communicates risks and control gaps to management.

Skills

Functional control testing

Compliance control testing

Operational risk

Analytical skills

Communication skills

Education

Undergraduate degree in banking-related field or equivalent

Tools

Microsoft Office Suite

Job description

Controls Testing Analyst

Job Location: US-SD-Sioux Falls

Employment Type: Full Time

Position Summary

We define fintech partnerships. The Bancorp does more than enable payments innovation. We work side by side with clients, combining deep expertise with a technology-forward approach to deliver creative, practical solutions. We don't settle for what's possible today. We look ahead to what's next, helping clients grow and innovate with confidence.

The Controls Testing Analyst role is a key member of the Business Risk and Controls team within the Fintech Solutions division, supporting the day‑to‑day business and operational risk management activities across the division. The analyst implements and executes internal testing cycles to confirm control effectiveness and identifies testable attributes for new and existing controls.

This role is responsible for supporting the end‑to‑end execution of Fintech Solutions control testing activities, including test planning, stakeholder notification, walkthrough coordination, evidence review, testing documentation, results communication, issue identification, and remediation follow‑up. The position carries high visibility and requires frequent communication with mid‑level and senior management across the Fintech Solutions division.

Key Responsibilities

• 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.
• Identifies and communicates risks, control gaps and unnecessary complexity across business processes.
• Identifies potential business risks, operational and regulatory process deficiencies and improvement opportunities.
• 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.
• 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.
• Builds 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.
• Ability 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.
• What Success Looks Like: Testing cycles run on schedule and accurately confirm control effectiveness; Testing documentation, workpapers, evidence, findings and memos are complete, accurate and well‑supported; Control gaps and risks are identified early and remediated within agreed timelines; Risk and control documentation, narratives and flowcharts stay current and accurate; Leadership has clear, timely visibility into control health and emerging risks; Process improvements reduce unnecessary complexity and strengthen control performance.
• Why This Role Matters: This role protects the integrity of the Fintech Solutions division by confirming that controls work as intended in a highly regulated financial services environment. Through disciplined testing, early risk identification and reliable remediation, the analyst safeguards operational excellence and supports the bank's commitment to sound risk management. By turning testing insights into action, the Controls Testing Analyst helps leadership make informed decisions, strengthens the control environment and reinforces the trust that fintech partners place in The Bancorp.

Additional Information

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/

Company Culture & Background Screening

Company Culture at The Bancorp Bank, N.A.: https://www.thebancorp.com/company/company-culture/

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.