Risk Advisory Associate, Internal Audit (Banking)

Elliott Davis; Columbia (SC); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Flexible schedules

Paid holidays

Wellness benefits

Professional coaching

Leadership programs

Beyond program

Job summary

Elliott Davis is seeking an Associate – Risk Advisory to join our Financial Services Group. The role involves supporting internal audit engagements for a diverse portfolio of financial institutions, strengthening controls, ensuring regulatory compliance, and enhancing operational effectiveness.

You will assist in executing engagements, identify risks and control gaps, and contribute to audit reporting and client communications. Travel up to 25 nights per year may be required.

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 COSO, audit methodologies, risk assessment techniques, and banking regulations.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication; ability to work independently and in a team.
• Ability to travel up to 25 nights per year.

Responsibilities

• Assist in performing internal audit engagements across core banking functions, including Loan operations, Deposit operations, ACH and electronic payments, Wire transfers, Branch operations, Accounting and financial reporting, HR and payroll, ERM, MRM, Investment and treasury operations.
• Execute audit procedures, including walkthroughs, testing of controls, and validation of operational processes.
• Identify and assess risks, control gaps, and process inefficiencies across operational and financial areas.
• Perform detailed testing of transactions, reconciliations, system controls, and regulatory compliance.
• Assist in evaluating internal controls related to financial reporting, safeguarding of assets, and operational effectiveness.
• Document audit procedures, findings, and supporting workpapers in accordance with professional audit standards.
• Prepare audit reports with observations, root cause analyses, and practical recommendations.
• Support compliance assessments related to banking regulations and guidance (FDIC, OCC, Fed, state regulators).
• Participate in meetings with clients and stakeholders to gather information and communicate progress.
• Contribute to project management across multiple engagements; support continuous improvement efforts.

Skills

Internal audit

Banking operations

Risk management

COSO

Analytical skills

Communication skills

Education

Bachelor's degree

Tools

Excel

SQL

Job description

Elliott Davis is seeking an Associate – Risk Advisory to join our Financial Services Group. The role involves supporting internal audit engagements for a diverse portfolio of financial institutions, strengthening controls, ensuring regulatory compliance, and enhancing operational effectiveness.

You will assist in executing engagements, identify risks and control gaps, and contribute to audit reporting and client communications. Travel up to 25 nights per year may be required.