Compliance AVP

IDBNY•New York, NY

3d•Hybrid

About The Position

We are looking to hire an experienced audit professional to perform regulatory compliance audits with a particular focus on BSA/AML, Sanctions, and banking regulations. The incumbent is responsible for assisting in the execution of regulatory and compliance audits utilizing compliance and regulatory frameworks and guidance such as FFIEC BSA/AML Handbook, DFS 500, GLBA, CRA, etc.

Requirements

Minimum five years of professional auditing or comparable experience.
A Bachelor's degree in Business, Accounting, Finance, or a related field is required.
Experience of performing regulatory and compliance audits and processes within a banking or financial services industry.
Strong understanding of financial crime risk such as Bank Secrecy Act and Anti-Money Laundering (BSA/AML), Know Your Customer, and Sanctions.
Knowledge of banking regulations as well as prior experiences with bank regulators (e.g., FDIC, DFS, CFPB and FINRA, etc.) are preferred.
Demonstrated experience in executing all aspects of the audit lifecycle, including planning, risk assessment, scoping, detailed testing and reporting.
Strong project management and time management skills;ability to adapt quickly to changing demands and environment and rapidly develop in-depth knowledge of new audit areas.
Able to multi-task while remaining organized and prioritized deliverables.
Highly motivated with strong analytical skills.
Demonstrated knowledge, skills, and experience in applying the principles and practices of internal auditing in a heavily regulated business environment.
Excellent verbal and written communication skills and the ability to communicate effectively at all levels of the organization.
Proficiency in Microsoft Office software (Word, Excel, and PowerPoint).

Nice To Haves

One of the following Certifications is strongly preferred: Certified Anti-Money Laundering Specialist (CAMS) or comparable regulatory focused certification, Certified Internal Auditor (CIA).

Responsibilities

Assist in the preparation of a well-developed risk-based audit program and document high quality work papers for regulatory and compliance audits in accordance with professional and industry standards, as well as applicable regulatory frameworks.
Understanding of business, industry and competition, as well as business units’ regulatory and technology environment including applicable laws and regulations.
Assist in preparing audit program and effectively document high quality workpapers for assigned projects and disciplines (audit planning memo, audit program, audit test workpapers and references).
Execute testing procedures and assist in the preparation of audit reports and draft findings.
Effectively present/communicate audit observations to management, as requested by audit management.
Follow up of open audit and regulatory issues and work with management to ensure appropriate resolution.
Stay abreast of industry trends to identify potential issues and emerging risks/trends, as well as relevant best practices, laws, rules, and regulations impacting financial institutions and ensuring that the changes are incorporated into the audit planning and risk assessment process.
Participate in department-wide initiatives and perform other duties as assigned. Proactively seek out additional responsibilities (when appropriate).