Sr. Audit Manager BSA/AML

Royal Bank of Canada

214d • $111,408 - $189,738

About The Position

The Senior Audit Manager will lead a team of auditors to assess the design and operating effectiveness of internal controls, adherence to regulatory requirements and Bank policies, and the effectiveness of operations of the BSA/AML function. The Senior Manager will be responsible for all aspects of the audit, including the planning, execution, and reporting phases. The Senior Manager will also be involved in internal and external issue validation as well as audit continuous monitoring activities; along with Data Analytics to support continuous monitoring, leveraging the use of information analytics, business intelligence, data mining, and other technologies and tools.

Requirements

• Bachelor's Degree or equivalent.
• Minimum 7+ years of audit experience in an internal audit role within the banking or financial services industry, or with a public accounting firm.
• Minimum 3 years' experience managing direct reports and demonstrated ability to develop people.

Nice To Haves

• CPA or CIA preferred. Other certifications (e.g., CRMA, CFA, CFE, CAMS, Chartered Accountant) are favorable.
• A thorough understanding of regulatory and compliance policies and procedures.
• Possess expert understanding of internal audit methodology and principles.
• Ability to be resourceful, a self-starter, possessing a high degree of flexibility, creative thinking and confidence to carry out innovative solutions.
• Well-developed judgment, management, decision-making and problem-solving skills are required in order to effectively deal with a rapidly changing, complex business environment.
• Good time management skills in order to manage multi-functional accountabilities through prioritization, delegation, motivation, conflict resolution and the promotion of ideas.
• Excellent written communication skills are essential. In addition, should be skilled at verbal presentation, of a caliber suitable for direct exposure to executive management.
• Working knowledge of risk management and/or internal control techniques of investment operations, broker dealer and wealth management is beneficial.

Responsibilities

• Leading and performing audits to verify the adequacy and effectiveness of controls over the BSA/AML function at City National Bank.
• Championing a thorough understanding of the AML and BSA requirements, including but not limited to the Bank Secrecy Act and OFAC regulations, guidance, and regulatory expectations.
• Responsible for reviewing outstanding issues relating to source validation, reporting and controls, performing analysis to identify themes, determining the root cause of the weakness and preparing reports to communicate the test findings.
• Assists with the development of audit budget estimates for respective area of focus.
• Assists with the development of the annual risk assessment and audit plan.
• Leads and performs continuous monitoring activities periodically for the area assigned.
• Maintains ongoing relationships with management of auditable units.
• Keeps informed of new services, products and events that have a significant business and technology impact.
• Keeps abreast of changes in the business, regulatory, and control environments in which City National Bank operates, especially for audit areas assigned.
• Tracks and manages audit resources to meet the audit budget and audit plan mandates.
• Supports a high-performance environment and implements a people strategy that attracts, retains, develops and motivates the team for continuous learning and improvement by fostering an inclusive work environment, communicating vision/strategy, coaching, and supporting development goals.
• Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).

Benefits

• Starting base salary: $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location.
• This job is eligible for bonus and/or commissions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree