Audit Manager, Compliance Auditor - Vice President

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

Job Summary

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 candidate is responsible for leading and executing regulatory and compliance audits utilizing compliance and regulatory frameworks and guidance such as FFIEC BSA/AML Handbook, DFS 500, GLBA, CRA.

Job Description

The successful candidate will be expected to:

• Effectively prepare 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, industries and competition, as well as business units’ regulatory and technology environment including applicable laws and regulations.
• Prepare audit planning documentation, conduct walkthroughs, assess the internal control environment through control and substantive testing.
• Prepare effective audit reports summarizing audit activities, conclusions and providing value-added recommendations.
• Effectively present/communicate audit observations to management.
• Develop and maintain collaborative relationships with key stakeholders (management, second line functions, and others)
• Follow up on 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).

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Qualifications

Minimum Qualifications:

• 7-10 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 leading and 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).
• One of the following Certifications is strongly preferred:
  • Certified Anti-Money Laundering Specialist (CAMS) or comparable regulatory focused certification
  • Certified Internal Auditor (CIA)

Compensation

The expected annual salary for this position is between $130,000 and $170,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards pa