Senior Audit Manager, Compliance Audit

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

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, etc.

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.

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
  • Certified Internal Auditor (CIA)

Compensation:

The expected annual salary for this position is between $160,000 - $190,000 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 package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

We are operating on a Hybrid schedule.

NO AGENCIES PLEASE.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.