Our client, a leading bank, is looking for a Director to come build their AML/BSA audit team.
13th July, 2021
Job Description & Synthesis
The Director of Audit for AML/BSA, will support our client's Internal Audit by providing independent, objective assurance over the design and operating effectiveness of the Bank's risk management practices, Regulatory Compliance mainly focusing on AML/BSA, governance processes, and the system of internal controls. The position will also provide support in responding to US regulators to meet the evolving demands of the US regulatory environment and heightened expectations of internal audit.
Responsible for overseeing/managing an audit team to conduct engagements and projects with a focus on risk management practices and AML/BSA regulatory compliance
Audit Assurance: Prepare and oversee the execution of the annual audit plan for the AML/BSA platform to assess the adequacy and effectiveness of the internal control environment. Ensure timely and complete execution of audits in the annual plan. Review audit findings and audit reports drafted by the audit team for submission to the Senior Director. Lead the execution of continuous monitoring and adjust audit plan and risk assessment as necessary.
Data Analytics and Technology: Leverage data analysis and insights across the enterprise and across all stages of the audit lifecycle to apply to the audit portfolio.Foster the development of key relationships with data stewards and heads of platform technology to understand key applications and data sources. Achieve deeper insight into the root causes and potential impact of audit issues using analytics.
Direct oversight of the audit universe for AML/BSA and other related support functions.
Work with efficiency and effectiveness, maintaining Internal Audit methodology and standards, in the planning, execution, and reporting of audit deliverables.
Supports the continuous improvement of audit methodologies, audit approach, and related practices with particular emphasis towards collaboration with key partners, leveraging the use of analytics, business intelligence, and other enabling approaches, technologies, and tools.
Direct, counsel, and manage a staff of internal auditors assigned to engagements and review audit plans, findings, and reports for sufficient scope, accuracy, appropriateness of conclusions and compliance with requirements.
Coordinate and manage regulatory requests and examinations with bank regulators and external auditors.
Minimum of 7 years of progressive experience within a top tier financial services organization or Big “4” public accounting firm
Minimum of 5 years experience managing staff
Professional Designation (CIA, CPA, CISA, CISSP, CISM) preferred
Demonstrated successful building of inclusive and diverse teams or committees.
Demonstrated experience in working in a matrixed organization with proven ability to multitask and prioritize activities.
Experience leading, coaching, and mentoring direct reports
Audit, Assurance, and Advisory experience
Risk Management experience including any one of operational risk, credit risk, ERM/corporate governance, etc., in either 1st or 2nd line of defense
Strong understanding of AML/BSA compliance risk across 1st and 2nd lines of defense
Experience working with external US regulators such as OCC, Federal Reserve, etc
Strong experience in the use of data analytics, visualization, and reporting – e.g. Tableau.
Experience planning integrated business audits with technology auditors.
Understanding of core technology (applications and infrastructure).
Experience in data analytics (data gathering, transformation, analytics, and reporting)
Strong leadership skills. Excellent communication skills, oral and written. Ability to interact effectively with management and staff at all levels