Who are we?
Frandsen Bank & Trust is a growing, financially strong, family-owned community bank across nearly 40 communities in Minnesota, North Dakota, South Dakota, and Wisconsin. We provide full-service banking, treasury management, investment, and trust solutions. Since day one, our mission has centered on making decisions locally, empowering employees, and supporting our communities. This commitment to relationship-based service has earned us recognition as Best in Banks by our customers.
Why work here?
Leadership recognizes our people are the reason we succeed. That’s why developing and rewarding our employees is a longstanding part of our guiding principles, called the Frandsen Way. The impact is clear: Employees ranked Frandsen Bank & Trust a Top Workplace on the independent Star Tribune survey for nine consecutive years, and we currently hold the #2 spot in the large company category.
At Frandsen, you can expect stability and meaningful career opportunities across all our departments. Our collaborative culture means employees support one another and make it easy to get things done. Whether you’re experienced in banking or exploring a new career path, there’s a place for you. Join our team and build a career rooted in service, growth, and local impact.
Position Summary
The Internal Auditor will be responsible for conducting engagements designed to create, protect and sustain value by providing the organization with independent, risk-based and objective assurance, advice, insight and foresight. The Internal Auditor will complete all audits as assigned that contribute to the execution of the overall internal audit program for Frandsen Bank & Trust (FBT) and Frandsen Financial Corporation (FFC). The Internal Auditor will effectively plan engagements utilizing risk-based assessments, apply the audit methodology and execute the audit work program, collaborate with management to identify recommendations and/or action plans that address the findings, and communicate with management and the employees responsible for the activity under review throughout the engagement and after it closes. The position reports directly to the Internal Audit Manager. The Internal Auditor is expected to conform with the IIA's Global Internal Audit Standards for managing and performing internal audit services by applying the principles and standards of Ethics and Professionalism including integrity, objectivity, competency, due professional care and confidentiality.
Essential duties and responsibilities include:
- Execute internal audit engagements to assess risks, evaluate controls, and support continuous improvement across the organization
- Assist in planning audit procedures and performing testing in alignment with risk priorities and regulatory expectations
- Analyze data and processes to identify control gaps and opportunities to strengthen efficiency and compliance
- Document audit workpapers and summarize results in clear, well-organized reports for leadership review
- Conduct audit work with integrity and objectivity, maintaining confidentiality and adhering to professional and ethical standards
- Partner with team members and business stakeholders to communicate findings and support remediation efforts
- Perform follow-up testing to validate that agreed-upon corrective actions have been implemented
Requirements:
- Bachelor’s degree in accounting or a related field preferred; relevant professional certifications (e.g., CIA, CPA, CISA) are a plus but not required
- Strong analytical thinking and attention to detail
- 1 to 3 years of experience in banking, public accounting, auditing, or regulatory agency
- Clear written and verbal communication skills
- Ability to collaborate effectively within a team and build relationships
- Strong organizational and time management skills, with the ability to prioritize and meet deadlines
- Foundational understanding of accounting, auditing, or internal controls
- Proficiency in Microsoft Office (Excel, Word, Outlook)
- Experience analyzing data to identify risks, trends, or control gaps
- Familiarity with banking, financial services, or regulatory environments
- Exposure to audit processes, testing, or risk assessment concepts
- Knowledge of auditing standards, regulations, or compliance frameworks
Pay Range
$60,000 - $80,000
Compensation & BenefitsWe offer a competitive benefits package including health insurance, dental insurance, vision insurance, 401k, profit sharing, and ancillary benefits.Skills Required
- 1 to 3 years of experience in banking, public accounting, auditing, or regulatory agency
- Foundational understanding of accounting, auditing, or internal controls
- Experience analyzing data to identify risks, trends, or control gaps
- Proficiency in Microsoft Office (Excel, Word, Outlook)
- Clear written and verbal communication skills
- Strong analytical thinking and attention to detail
- Ability to collaborate effectively within a team and build relationships
- Strong organizational and time management skills, with ability to prioritize and meet deadlines
- Familiarity with banking, financial services, or regulatory environments
- Exposure to audit processes, testing, or risk assessment concepts
- Knowledge of auditing standards, regulations, or compliance frameworks
- Bachelor's degree in accounting or a related field
- Relevant professional certifications (e.g., CIA, CPA, CISA)
What We Do
Frandsen Financial Corporation is an interstate bank holding company that owns full-service community banks in Minnesota, Wisconsin, and North Dakota. With over $3 billion in assets, FFC currently operates Frandsen Bank & Trust offices in over thirty-five locations (Member FDIC), along with Bank of Zumbrota and Pine Island Bank, which were purchased in December 2021. FFC was founded in 1982 when Dennis Frandsen purchased Fidelity State Bank in Luck, Wisconsin. Since then, the company has concentrated on acquiring and operating high-quality community banks that provide a wide array of services to their clients. FFC supports its banks by providing data processing, accounting, regulatory reporting, auditing, human resources, policy management, marketing, and other services that allow bankers to spend more time developing relationships with customers. FFC works with its banks to provide excellent service to their customers, to play vital roles within the communities they serve, and to utilize the resources of FFC to develop new business connections. All products and services are provided in a true community banking environment where the customer is cared for in a way that nurtures a long-term relationship.
