Internal Audit Associate

About Us

How This Role Impacts Live Oak and its People

The Internal Audit Associate will support the Internal Audit department in executing audits and assessments of the bank's operations, processes, and internal controls. This role involves evaluating the adequacy and effectiveness of controls to ensure compliance with regulatory requirements, company policies, and industry best practices. The Internal Audit Associate will work closely with cross-functional teams to identify opportunities for operational improvements, mitigate risks, and contribute to the overall governance framework at Live Oak Bank.

What You’ll Do at Live Oak

• Assist in the planning, execution, and documentation of audits of various business units and operations. This includes conducting tests, evaluating control design, and identifying areas for improvement.

• Support the identification and evaluation of risks and controls related to financial reporting, operations, compliance, and IT.

• Perform test procedures to determine whether the bank is complying with relevant laws, regulations, and internal policies. Review existing control frameworks and recommend enhancements to mitigate risks.

• Contribute to the development of audit reports and provide actionable recommendations to management for process improvements and enhanced controls.

How You’ll Do It

• Prepare and maintain comprehensive audit work papers and documentation in accordance with IIA professional standards and internal methodologies.

• Work closely with various departments to understand business processes and assist in walkthroughs to identify key activities, risks, and controls.

• Provide clear, concise, and relevant documentation of work performed, including thorough description of issues and observations identified.

• Develop recommendations for identified control issues and assist in fostering a culture of continuous improvement.

• Complete validation testing to ensure issues have been appropriately remediated.

• Assist with ad-hoc audit requests, special investigations, or other projects as needed.

Required Experience

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field.

• 1-2 years of experience in internal audit, external audit, or a related field.

• Knowledge of internal controls, risk management, and audit methodologies is a plus.

• Strong analytical skills with the ability to identify and evaluate risks and control gaps.

• Good written and verbal communication skills to effectively report findings and collaborate with colleagues.

• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).

• Ability to manage multiple tasks and deadlines in a fast-paced environment.

• CPA, CIA, or CISA certification (or progress toward certification) is a plus.

• Attention to detail and accuracy.

• Self-motivated, proactive, and able to work independently or as part of a team.

• Strong problem-solving ability and desire for continuous learning and professional development.

Our Values

• Dedication: Possess a deep commitment to Live Oak Bank’s mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.

• Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.

• Respect: Treat everyone wi.th courtesy, politeness, and kindness.

• Innovation: Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.

• Teamwork: Foster collaboration, accountability, and trust with others and understand that together, we do more

For a detailed overview of our employee benefits please visit: http://www.liveoakbank.com/careers/

Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at [email protected].

EEO is the Law

Commitment to Diversity
Live Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.

The base pay range for this position is $55,000.00 - $90,000.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.

Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.