Senior Audit Manager, Compliance Audit - First 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 senior audit manager to lead and execute regulatory compliance audits focusing on BSA/AML, Sanctions, and banking regulations. The incumbent 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:

• Lead and manage audit projects and deliverables within approved budget and timeline.
• Contribute to the timely update of auditable entity risk assessments in support of the development and maintenance of the audit plan, while taking into consideration regulatory and compliance audit standards and frameworks (e.g., FFIEC BSA/AML Handbook, DFS 500, GLBA, CRA, etc.)
• Execute high value regulatory and compliance audits, identify key risks, assess controls, determine “root causes” and provide value-add recommendations to improve the control environment through well-developed audit reports.
• 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 operational, and technology control environment including applicable laws and regulations.
• Effectively present/communicate audit observations to management.
• Develop strong collaborative relationships with stakeholders and serve as a trusted advisor while maintaining objectivity and independence in both fact and appearance.
• 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.

#LI-Hybrid

Qualifications

Minimum Qualifications:

• 10+ years of professional auditing or comparable experience.
• Demonstrated experience in leading and executing all aspects of the audit lifecycle, including planning, risk assessment, scoping, testing, and reporting.
• Strong project management and time management skills, ability to effectively balance competing priorities, and demonstrated success in delivering on-time and on-budget work product.
• A Bachelor's degree in Business, Accounting, Finance, or a related field is required.
• Prior experience working in a heavily regulated environment, 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.
• Advance knowledge of banking regulations as well as prior experiences with bank regulators (e.g., FDIC, DFS, CFPB and FINRA, etc.) are preferred.
• Ability 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
  <