Our client, a leading bank, is looking for a VP, AML/BSA Audit candidate to join their growing team.
06th January, 2022
Location(s): This role can either be 100% remote or in the Los Angeles office
Job Description & Synthesis
The Audit Manager II position is a leadership role as an auditor-in-charge to guide a team of auditors to assess risks, develop detailed audit programs, identify data analytic opportunities, execute audit programs, analyze results of testing performed, and effectively communicate audit results to the Audit Senior Manager/Director and senior management in meetings, presentations, and/or written reports and memorandums. The position will support the Internal Audit in providing independent, objective assurance over the design and operating effectiveness of the Bank's risk management practices, governance processes, system of internal controls for the BSA/AML function. Additionally, the position is responsible for maintaining and executing continuous monitoring program in accordance with audit methodology and taking into consideration industry development, emerging risks, and regulatory changes and expectations.
Audit and Assurance General Requirements - Plans, executes and evaluates audit test plans for projects of medium to high complexity with a risk-based audit approach. Assesses risks and controls, designs comprehensive audit programs, executes audit procedures, supervises and reviews the work of others, analyzes and synthesizes results of testing performed, effectively communicates results to senior management to affect change, and delivers well written audit reports and other forms of communication. Manages staff assigned to engagements, and collaborates with other audit groups to effectively plan, integrate and execute audits. Understands fraud, BSA/AML and general IT risks in order to identify and assess key control activities in business processes. Assesses information security and privacy policies and procedures to identify weaknesses within the business process or activity being audited. Leads and executes continuous monitoring activities periodically for the area assigned. Gathers and evaluates information received from business units and other external/regulatory sources. Ability to multi-task and work in a dynamically changing environment. Complies fully with all Bank policies, procedures, audit methodologies, training and regulatory requirements.
Data Analytics and Technology: Discover patterns, insights, trends and anomalies from straightforward analyses, data sets and visualization tools. Execute basic analyses (e.g. descriptive) and create simple visualization using standard tools. Develop requests for advanced analytics by providing detailed and clear questions to the Data Analytics Lead or Data Scientist. Applies advanced analytical techniques to test hypotheses and add insights into audit findings. Understands concepts of data lineage and data stewardship in order to develop effective data analytics that provide the insights.
Relationship Building and Client Experience - Supports the Audit Director proactively in their ongoing monitoring and discussions with business management. Continuously builds trusting relationships with Internal Audit peers and business management. Acts as the key contact and responds to inquiries from business throughout the audit process. Challenges others’ thinking or approaches in a constructive manner. Advises stakeholders on internal control and governance matters and conducts proactive and ongoing risk management discussions with business leaders. Influences key stakeholders to gain buy-in, overcomes challenges and delivers on high priority initiatives, and draws conclusions or makes recommendations based on audit evidence that may involve ambiguity.
Staff Performance and Mentoring - Acts as a role model/mentor to more junior auditors and provides constructive feedback. Enhances and maintains staff morale. Prepares and conducts formal/informal training for less experienced staff members. May participate in interviews and evaluations of new applicants.
Minimum 5 years of audit or related experience in banking operations, compliance, and/or risk management activities.
Minimum 3 year of experience conducting internal audits within financial institutions.
CPA - Certified Public Accountant
CIA-Certified Internal Auditor
CAMS-Certified Anti-Money Laundering Specialist
CFE-Certified Fraud Examiner
Strong verbal and written communication skills to effectively present to peers and business management.
Demonstrated negotiation and leadership skills needed to convey ideas and obtain management buy-in for constructive change.
Effectively manage ambiguity, work independently, think innovatively and demonstrate critical problem-solving skills.
Strong understanding of internal auditing standards, COSO and risk assessment practices.
Strong understanding of internal control concepts and application of such.
General working knowledge of banking industry laws and regulations.
Experience in planning and juggling multiple projects and with varying team members.
Experience in coaching junior auditor.
Sound knowledge and experience in IT audit is strongly preferred.
Familiar with data analytics, robotic process automation and artificial intelligence tools.
Experience in use of data visualization and reporting – e.g. Tableau and/or Alteryx is a plus.