Sr. Compliance Auditor

First National Bank of Omaha•Omaha, NE

12d•Hybrid

About The Position

The Senior Compliance Auditor is responsible for planning and leading audits of assigned business units and affiliates. As the in-charge auditor, the Senior Compliance Auditor is responsible for assessing risks, evaluating controls and designing appropriate audit tests. The Senior Compliance Auditor will maintain working knowledge of federal consumer protection laws and regulations applicable to retail banking, lending, and deposit operations. The Senior Compliance Auditor will assist the manager with the risk assessment process used to aid the department in the development of the annual audit plan. The Senior Compliance Auditor supervises audit staff and interns/cohorts on audits and provides timely coaching feedback and reviews their audit documentation.

Requirements

Bachelor’s degree in Business or related degree / experience.
3+ years of compliance audit or compliance management experience with a bank or financial institution, specifically involving federal consumer protection and banking regulations.
Qualifying experience includes auditing, testing, or managing compliance with regulations such as Regulation B (ECOA), Regulation Z (TILA), Regulation X (RESPA), Regulation C (HMDA), Regulation E (EFTA), Regulation DD (TISA), Fair Credit Reporting Act (FCRA), UDAAP, CRA, etc.
Experience limited to securities trading, wealth management, IT compliance, or non-financial institution compliance does not satisfy this requirement.
1+ years of managing and leading compliance-related audits or compliance-related testing projects
Professional Certification: Certified Regulatory Compliance Manager (CRCM) or Certified Internal Auditor (CIA).
Candidates must possess unrestricted work authorization and not require future sponsorship.

Nice To Haves

Direct experience in auditing or testing consumer compliance functions, including familiarity with examination procedures issued by the CFPB, OCC or federal banking agencies (e.g., OCC examination handbook).
Additional Professional Certification: Certified Anti-Money Laundering Specialist (CAMS) or Certified AML and Fraud Professional (CAFP)

Responsibilities

Maintain a comprehensive knowledge of banking risks, laws, regulations and industry best practices.
Effectively provide audit consulting services to FNBO/FNNI.
Maintain level of expertise through ongoing and continual review of regulatory and industry publications, with particular focus on federal consumer compliance regulations (e.g., Regulation Z, Regulation B, FCRA, UDAAP, BSA/AML, CRA, HMDA/Regulation C, Regulation E, Regulation DD, etc.) and guidance issued by the applicable regulators (CFPB, OCC, etc.), to stay aware of new developments impacting the organization.
Research and resolve escalated issues from team members and/or internal business partners.
Demonstrate ability to solve problems and drive positive change with assistance from the Audit Managing Director.
Work with stakeholders on audit related and risk management initiatives to ensure the organization is taking appropriate actions to meet the goals and strategic plans of the organization.
Responsible for delivering audits on time, within budget and meeting the strategic and audit/business requirements.
Analyze business functions and risk of assigned internal business partners and assist in setting the audit scope and developing the related Audit Program Guides.
Promote and execute an integrated and collaborative audit approach.
Obtain input from other teams and identify and accept cross-training opportunities within the department.
In addition to performing and documenting assigned audit procedures, delegate tasks to provide meaningful development opportunities for team members, review all work papers for quality and accuracy and ensure completion of audit tests, information gathering, and evaluation of results in support of audit objectives.
Report audit results to management.
Identify and produce issue summaries that clearly state the business objectives; understand root cause and provide possible resolutions.
Provide Audit Managing Director with feedback on audit team members.
Aid manager in the continuous risk assessment processes by updating Audit Universe Assessments (AUAs) as appropriate.
Provide input based on in depth auditing knowledge to add efficiency. Examples include: automating audit steps using tools such as data analytics, continuous audit opportunities, or integrated audit opportunities.
Coach team members to maintain or exceed established standards of productivity and quality of business partner interactions.
Promote a productive team environment by building trust and making team members feel valued and respected through active listening and encouragement.
Research and resolve escalated issues from team members.
Utilize escalated issues to provide upfront and ongoing coaching and development.
Identify and correct discrepancies with regard to day-to-day functions and responsibilities to achieve the highest levels of efficiency and performance.
Provide formal feedback and support in a constructive and sensitive manner to team members utilizing the Performance Evaluation Form.
Responsible for leading projects and initiatives as necessary.
Understand and comply with bank policy, laws, regulations and the bank's BSA/AML Program, as applicable to your job duties.
Complete compliance training and adhere to internal procedures and controls, as required.
Report any known violations of compliance policy, law, or regulations.
Report any suspicious customer and/or account activity.
Maintain professional behavior, transparency, and openness with internal business partners and department members.
Develop partner relationships to assist in identifying potential partnering opportunities and obtaining knowledge of new products/services to identify emerging risks.
Know the Company goals and understand your key accountabilities.
Identify personal development goals to build skill sets.
Supportive development activities may include involvement in committees, cross-training opportunities, certifications, and other professional growth initiatives.