Controls Testing Analyst

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

Job summary

The Bancorp Bank, N.A. seeks a Controls Testing Analyst to ensure controls are effective in a highly regulated environment. You will be responsible for risk identification, testing documentation, and maintaining operational excellence. The role emphasizes collaboration across teams and continuous process improvement.

Ideal candidates have over 5 years of relevant experience and hold an undergraduate degree in a related field. Strong analytic and communication skills are essential. Join us in safeguarding the integrity of our Fintech Solutions division.

Qualifications

• 5+ years of experience in relevant fields.
• Strong research and analytical skills.
• Excellent verbal, written, and interpersonal communication skills.

Responsibilities

• Formulate testing plans and execute internal testing cycles.
• Identify and communicate risks and control gaps.
• Prepare testing results and documentation for leadership.

Skills

Functional control testing

Compliance control testing

Quality assurance

Operational risk analysis

Strong communication skills

Analytical skills

Time management

Microsoft Office proficiency

Education

Undergraduate degree in a banking-related field

Tools

Databases

Microsoft Office Suite

Job description

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.

Key Responsibilities

1. Control testing and assurance
   • 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
2. Risk identification and remediation
   • Identifies and communicates risks, control gaps and unnecessary complexity across business processes
   • Identifies potential business risks, operational and regulatory process deficiencies and improvement opportunities
3. Risk monitoring and reporting
   • 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
4. Documentation and process improvement
   • 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
5. Stakeholder engagement
   • 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.

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.