Senior Audit Manager - (BSA/AML including Sanctions)
Company: Disability Solutions
Location: Charlotte
Posted on: October 16, 2024
Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Job Description:This job is responsible for
auditing Lines of Business (LOBs) ranging in scale and scope. Key
responsibilities include developing audit plans, assessing issues
for impact, assigning severity ratings, producing audit reports,
and managing business partner relationships. Job expectations may
include evaluating the control environment, fostering an inclusive
work environment, and managing development of
personnel.Responsibilities:
- Audits Lines of Business (LOBs) ranging in scale and scope and
produces audit reports in a timely manner that summarize results of
an audit to management
- Develops an audit plan, assesses risks, and provides
appropriate coverage for current and/or emerging risks
- Leverages a risk mindset to proactively identify risks, analyze
themes, and continually evaluate areas of priority against the
company's risk profile and control environment
- Supports Corporate Audit's mission, goals, and strategies, and
drives operational effectiveness while demonstrating a strategic
mindset and leading and supporting change
- Leads the design and promotes the use of innovative tools and
technological elements to drive continuous coverage of company
risks
- Maintains business partner relationships for areas assigned and
challenges business management to adopt appropriate policies,
procedures, and effective controls designed to mitigate risks
- Manages team performance by training, mentoring, defining
development plans for teamSkills:
- Audit Planning
- Coaching
- Internal Audit Review
- Issue Management
- Risk Management
- Business Acumen
- Critical Thinking
- Project Management
- Relationship Building
- Written Communications
- Regulatory Relations
- Talent Development
- Technical Documentation
- Workforce Diversity ManagementResponsibilities
- Subject matter expertise of BSA/AML and Fraud related risks and
a solid business understanding of application of these risks within
a large financial institution. Knowledge of key business segments
including retail, banking, capital markets, etc.
- Plan, perform, and lead BSA/AML Compliance and Fraud audits at
the enterprise level as well as other diverse lines of business and
specialty areas
- Subject matter expertise in US financial crime regulations
including the Bank Secrecy Act/Anti-Money Laundering, Sanctions
(e.g., OFAC)
- Support the execution of the annual BSA independent audit as
well as regulatory and partner exams by creating presentation
materials and providing timely responses to inquiries.
- Manage staff during audit engagements and provide feedback on
work performed.
- Design and perform compliance audit procedures, including
identifying and defining issues, reviewing and analyzing evidence,
and documenting processes.
- Challenge LOB to ensure that the remediation is comprehensive
and sustainable
- Leverage risk mindset and influence LOB leaders to drive proper
remediation of regulatory gaps
- As required, engage with regulators to walk through validation
work
- Develop test plans designed to address the risk and root cause
of the issue
- Reviewing the work performed by their team including coaching
associates
- Work with leadership to effectively prioritize issues that may
be past due or high risk
- Effectively manage time to complete assigned issues within a
reasonable timeframe
- Proactively communicate status, escalate challenges and
findings
- Establish and maintain business partner relationships
- Actively support peers and broader team during issue validation
and other workRequired Skills & Experiences
- Bachelors' Degree or equivalent years of experience
- Minimum 10-15 years in Financial Crimes related roles.
- Audit, Risk or Compliance experience in Financial
Institutions.
- Strong understanding of technology, general controls, and other
controls
- Sound organizational, analytical, oral, and written
communication skills including ability to effectively write
reports, present to management and various regulators.
- Ability to work in a matrix reporting structure.
- Ability to successfully communicate to influence management and
lead change on both strategic and tactical initiatives.
- Excellent interpersonal skills.
- Ability to effectively interact with diverse teams.
- Sound organizational, analytical, oral, and written
communication skills including ability to effectively document
issue validation
- Understanding of audit practices and methodologies as well as
rules for professional and ethical conduct.
- Ability to think critically and apply audit and technical
expertise.Desired Skills and Experience
- Certified Anti-Money Laundering Specialist (CAMS) or Certified
Fraud Examiner (CFE)
- Certified Internal Auditor (CIA), Certified Public Accountant
(CPA), Certified Regulatory Compliance Manager (CRCM),
- Audit / Assurance or operational experience in large scale
enterprise environment / financial institution.Shift:1st shift
(United States of America)Hours Per Week: 40Pay Transparency
detailsUS - CT - East Hartford - 101 E River Dr - One Riverview
Square (CT2550)Pay and benefits informationPay range$141,100.00 -
$199,000.00 annualized salary, offers to be determined based on
experience, education and skill set.Discretionary incentive
eligibleThis role is eligible to participate in the annual
discretionary plan. Employees are eligible for an annual
discretionary award based on their overall individual performance
results and behaviors, the performance and contributions of their
line of business and/or group; and the overall success of the
Company.BenefitsThis role is currently benefits eligible. We
provide industry-leading benefits, access to paid time off,
resources and support to our employees so they can make a genuine
impact and contribute to the sustainable growth of our business and
the communities we serve.
Keywords: Disability Solutions, Rock Hill , Senior Audit Manager - (BSA/AML including Sanctions), Executive , Charlotte, South Carolina
Didn't find what you're looking for? Search again!
Loading more jobs...