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Stacy Merkel: A Certified Community Bank Internal Auditor

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Stacy Merkel is not only an Internal Auditor at a bank, but also the coordinator of the Network New Ulm Youth program. Merkel graduated from St. Cloud State University in St. Cloud, Minnesota. She has an Elementary Education major along with a Math minor. Merkel joined Citizens Bank in January of 2003 as a Systems Operator/Bookkeeper and became the Bank’s Auditor in 2006. She is a Certified Community Bank Internal Auditor and supervises the audit program for the Bank’s four offices. Merkel has worked at Citizens Bank Minnesota in the Bookkeeping/Operations department for three years. Merkel enjoys working in the Bookkeeping department because she was working with numbers. She also enjoys the detailed work that she does. I asked why Merkel applied …show more content…

She replied with, “Each bank has their own definition of this, but I am responsible for the overall audit program for the bank.” Merkel assesses compliance with policies, procedures, state and federal laws; she also audits and monitors bank operations and reports of necessary information to the Board of Directors. She has other duties such as the preparing, reviewing and reporting accurate financial information to regulatory agencies. Merkel also assists and provides accountants with the necessary financial information to facilitate the preparation of the bank’s taxes, to assist Examiners, and to assist outside auditors. Merkel has been an Internal Auditor at Citizens Bank Minnesota for eleven years. In those eleven years, she has faced regulatory burdens including new regulations and rule changes that financial institutions are required to …show more content…

Merkel was a graduate of the adult Network New Ulm program in 2014. On one occasion, the adult group met with the Youth group for part of a session; the meeting became one of her fondest memories. She enjoyed working with the youth as they had such great ideas. Since then, Merkel has been on the Network New Ulm Youth Steering Committee and has been the coordinator for the past two years. Being the coordinator, she is required to attend all of the Network New Ulm Youth sessions; she is also the students and parents main contact person. She works with other committee members to plan the sessions and work that give the students a great experience in the

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