About the position
Contributes to the scoping and execution of Anti-Money Laundering (AML), KYC, Financial Crimes and Sanction Screening audit coverage, in accordance with established IA methodology and professional auditing standards, and other regulatory compliance audits. Develops and executes a robust Audit Plan, by reviewable entity, for assigned businesses in accordance with Internal Audit standards, relevant government statutes and regulations and Bank policies and procedures. Delivers on time high quality audit reports, Internal Audit and Regulatory issue validation and (where appropriate, branch examinations, as well as business monitoring and governance committee reporting. Directs complex audit activities for the AML program at the product, function, or legal entity level as part of the audit annual plan and the independent testing standards for AML. Actively identifies and assesses fraud risks by reviewing internal controls, operating processes, analyzing data for suspicious patterns, conducting investigations when necessary, and recommending improvements to prevent future fraudulent activities. Proactively advances integrated auditing concepts and use of technology and closely follows latest trends in own field and adapts them for application within own job and the business. Interacts with regulators on a periodic basis. Develops effective senior line management relationships and has a strong understanding of the business. Partners with business units throughout the Bank related to their impact the overall Financial Crimes control environment and the audit approach. Influences a wide range of internal audiences at the executive level and negotiates internally often at higher levels on matters which will have a major impact on the area managed. Manages an audit team and is often consulted by others for advice and opinions and recognized as a leadership role model. Participates in major business initiatives and pro-actively advises and assists the business on change initiatives. Frequently involved in matters that require complex judgments and solutions based on sophisticated analytical thought such as identifying solutions for a variety of complex and novel audit control issues. Analyzes reporting findings and recommends appropriate interventions where needed. Proposes creative and pragmatic solutions for risk and control problems. Serves as lead reviewer for all types of reviews, including the most complex. Regularly exercises discretion and judgment in the performance of the other essential job functions. Maintains good punctuality and attendance to work. Follows all Bank policy, practice, and procedures.
Responsibilities
- Develops and executes a robust Audit Plan for assigned businesses.
- Delivers high quality audit reports and validates Internal Audit and Regulatory issues.
- Directs complex audit activities for the AML program.
- Identifies and assesses fraud risks and recommends improvements.
- Advances integrated auditing concepts and adapts technology trends.
- Interacts with regulators periodically.
- Develops effective relationships with senior line management.
- Partners with business units on Financial Crimes control environment.
- Influences internal audiences at the executive level.
- Manages an audit team and serves as a leadership role model.
- Participates in major business initiatives and advises on change initiatives.
- Analyzes reporting findings and recommends interventions.
- Proposes solutions for risk and control problems.
- Serves as lead reviewer for complex audits.
Requirements
- Bachelor's degree in a business-related field or commensurate work experience.
- 5+ years of audit experience in AML programs including transaction monitoring, alert analysis, and AML investigations.
- Knowledge of applicable regulations governing banking activities related to money laundering and financing of terrorism.
- Knowledge of AML transaction monitoring and regulatory compliance.
- Ability to communicate effectively both verbally and in writing.
- Ability to demonstrate critical and analytical thinking.
- Ability to manage multiple ongoing activities with high accuracy.
Nice-to-haves
- Related certifications (CPA, ACA, CFA, CIA, CISA or similar).
- CAMS certification strongly preferred.
- 1+ year in a supervisor, manager, or leadership role.
- 1+ years of work experience with auditing software (TeamMate+).
