Audit Project Manager - BSA Audit Team

Western Alliance Bank•Chandler, AZ

2d•Onsite

About The Position

As an Audit Project Manager, you will assist in the planning, execution, and reporting for various audits in your assigned coverage areas, supporting the execution of the department's annual audit plan. You will prepare for, lead, and wrap up many aspects of your assigned audits, all within audit methodology. You will evaluate processes and controls for adherence to bank policies and procedures, and compliance with federal and state banking regulations. You will also assist in completing root cause analysis for identified issues to focus on strengthening and improving controls. You will report to an Audit Director or Senior Audit Director; however, you will lead a team of Auditor(s) and Senior Auditor(s), which can change with each audit, managing and reviewing their work. You will have the opportunity to work with our audit leaders across the department, participating in audits in finance, banking operations, credit administration, risk management, and compliance disciplines. Your position promotes risk awareness in the enterprise through a positive and collaborative relationship with department heads, business leadership, and staff. In addition to audit execution, you will meet regularly with department heads and business leaders to discuss audits, assess risks, evaluate issue remediation progress, provide feedback, and gather insights on business activities. Support the Audit Director and Associate Audit Director with audits across the organization and complete multiple audit assignments and/or projects. Ensure consideration and inclusion of data analytics along with other critical plan inputs for each assigned audit. Know, apply, and ensure compliance with audit methodology. Understand risk management frameworks to help in internal control evaluation of audit assignments. Instrumental in the completion of all phases of the audit in compliance with audit methodology. Discuss and review audit scope with Associate Audit Director and Audit Director. Prepare audit planning documentation and risk & control matrix (including test approach for each control), delegate audit testing work as appropriate, may test higher risk or complex controls. Provide guidance and coaching to supporting staff throughout assigned audits. Review staff workpapers and provide comments to ensure compliance with stated requirements and objectives, IIA standards, and audit methodology. Provide feedback/comments to assigned audit team. Clarify and clear audit review notes provided by the Associate Audit Director or Audit Director. Ensure appropriate and organized audit documentation within the audit software (Wdesk/Workiva). Perform additional testing as determined to be necessary. Work with co-source partners, when necessary, to provide an overall efficient audit process. Draft clear and concise audit issues, ensuring root cause analysis is completed. Assist in drafting comprehensive audit reports, including issue ratings and overall report ratings. Work with management to create effective management action plans in a timely manner. Monitor progress made by management toward completing action plans and manage assigned tests of validation prior to closing issues. Follow up on disposition of exceptions noted during audits, including internal, external, and regulatory examination reports. Review, approve, and close low-risk issues assigned by the Audit Director or Associate Audit Director. Provide ad-hoc reports and status updates to supervisors. Comply with department annual training requirements and proactively draft and discuss performance goals with Audit Director. Attend and participate in team, peer, and one-on-one meetings. Own or contribute to department initiatives focused on audit methodologies and supporting technology-based solutions as applicable. Lead and develop a team; responsible for hiring, coaching, performance management, training, and development.

Requirements

5+ years of related experience in Internal Audit, Risk Management, Regulatory Compliance, or similar field.
Bachelor's degree in a related field required.
Intermediate experience and knowledge in assigned internal audit area.
Intermediate ability to deal with complex problems involving multiple facets and variables in non-standardized situations; define problems, collect data, establish facts and draw valid conclusions.
Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Intermediate time management and organizational skills.
Intermediate knowledge of internal control analysis and risk assessment methodologies, COSO framework, Institute of Internal Auditor standards, FRB Supervisory Letter 13-1 standards, GAAP, and/or Sarbanes-Oxley Section 302/404 regulatory requirements.
Advanced speaking and writing communication skills.

Nice To Haves

Previous leadership experience preferred.
Knowledge of data analytic tools preferred.
Experienced supporting the BSA Audit Team preferred.
Certified Anti-Money Laundering Specialist preferred.

Responsibilities

Assist in the planning, execution, and reporting for various audits.
Prepare for, lead, and wrap up aspects of assigned audits within audit methodology.
Evaluate processes and controls for adherence to bank policies, procedures, and regulations.
Assist in completing root cause analysis for identified issues.
Lead a team of Auditor(s) and Senior Auditor(s), managing and reviewing their work.
Promote risk awareness through collaborative relationships with business leaders and staff.
Meet regularly with department heads and business leaders to discuss audits, assess risks, and evaluate issue remediation progress.
Support Audit Director and Associate Audit Director with audits across the organization.
Ensure consideration and inclusion of data analytics for assigned audits.
Apply and ensure compliance with audit methodology.
Understand risk management frameworks for internal control evaluation.
Complete all phases of the audit in compliance with audit methodology.
Discuss and review audit scope with Associate Audit Director and Audit Director.
Prepare audit planning documentation and risk & control matrix.
Delegate audit testing work and may test higher risk or complex controls.
Provide guidance and coaching to supporting staff.
Review staff workpapers and provide comments.
Provide feedback/comments to assigned audit team.
Clarify and clear audit review notes.
Ensure appropriate and organized audit documentation within the audit software.
Perform additional testing as necessary.
Work with co-source partners for an efficient audit process.
Draft clear and concise audit issues with root cause analysis.
Assist in drafting comprehensive audit reports.
Work with management to create effective management action plans.
Monitor progress of management action plans and manage assigned tests of validation.
Follow up on disposition of exceptions noted during audits.
Review, approve, and close low-risk issues.
Provide ad-hoc reports and status updates to supervisors.
Comply with department annual training requirements.
Attend and participate in team, peer, and one-on-one meetings.
Own or contribute to department initiatives focused on audit methodologies and supporting technology.
Lead and develop a team, responsible for hiring, coaching, performance management, training, and development.