Controls Testing Analyst — Risk & Controls Leader

Innovative Bancorp; Sioux Falls (SD); On-site; USD 90,000 - 120,000; Full time

Job summary

The Bancorp is seeking a Controls Testing Analyst in Sioux Falls to join the Business Risk and Controls team within the Fintech Solutions division. You will implement and execute internal testing cycles to confirm control effectiveness and coordinate with mid-level and senior management across the division.

The role requires leading testing plans, evidence review, results communication, and remediation follow-up, while identifying improvements and maintaining comprehensive testing documentation.

Qualifications

• 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.

Responsibilities

• 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
• 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
• 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
• 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
• 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

Skills

Control testing

Risk assessment

Data analysis

Microsoft Office

Education

Undergraduate degree in a banking-related field

Tools

Microsoft Office

Job description

The Bancorp is seeking a Controls Testing Analyst in Sioux Falls to join the Business Risk and Controls team within the Fintech Solutions division. You will implement and execute internal testing cycles to confirm control effectiveness and coordinate with mid-level and senior management across the division.

The role requires leading testing plans, evidence review, results communication, and remediation follow-up, while identifying improvements and maintaining comprehensive testing documentation.