What are the responsibilities and job description for the Internal Audit Specialist position at IRA Financial?
Job Description
Job Description
Job Overview
The Internal Audit Specialist is responsible for performing audits of operational and compliance activities to ensure adherence to internal policies, procedures, regulations, and laws. This position involves evaluating internal controls, identifying risks, and recommending improvements to enhance the effectiveness of the organizations’ operations and controls.
Job Structure Details
- On-Site, Sioux Falls, SD
- Full Time, Monday-Friday, no nights or weekends
- Non-Exempt / Hourly
Benefits
Responsibilities & Duties
Conduct regular reviews and updates to ensure policies and procedures reflect current regulatory requirements and best practices.
Perform periodic audits of IRA accounts and transactions to identify potential compliance issues or discrepancies.
Review and analyze account documentation, transaction records, and reporting to ensure accuracy and adherence to procedures.
Interpret and apply regulations and guidelines to various IRA scenarios and provide compliance advice.
Assist in addressing compliance issues or discrepancies identified during audits.
Develop, implement, and maintain policies and documentation to ensure compliance with evolving regulations and laws.
Maintain up-to-date knowledge of IRA rules and regulations.
Collaborate with internal teams to ensure seamless experience for clients and support overall business objectives.
Prepare comprehensive reports for the Compliance Manager, highlighting findings and recommendations.
Other tasks as assigned by management.
Qualifications & Requirements
Bachelor’s degree in finance, accounting, business administration, or a related field preferred; or equivalent work experience.
Previous experience in financial services, particularly in IRA administration or retirement accounts, preferred.
Ability to work independently and collaboratively in a team environment.
Previous experience with financial software, databases, and Microsoft Office Suite products.
Strong analytical and problem-solving skills.
Attention to detail and accuracy.
Excellent verbal and written communication skills.
hc152945