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Audit Manager - AML buy in US, Free Classifieds Ads

Job Description: The Audit Committee of the Board of Directors oversees the effectiveness of the Company's system of internal controls, policies, and processes for managing and assessing risk. Under the delegation of the Audit Committee and in support of the Risk Framework, Corporate Audit provides independent assessments and validation of risks through testing of key processes and controls across the Company including Global Financial Crimes (GFC)/Anti-Money Laundering (AML). To ensure proper identification and escalation of all risks, Corporate Audit employs a comprehensive Issue Management Process comprised of the following components: o Issue Identification o Issue Documentation & Status Updates o Issue Validation We are currently seeking an experienced professional with GFC/AML and Sanctions experience to focus primarily on the management of issues in these areas. This position is an individual contributor role that will be primarily responsible for managing the GFC/AML/Sanctions issues that are identified by the lines of business, controls functions, Compliance, Risk, Corporate Audit, PwC and regulators. Specific Responsibilities: Applying sound project management skills to effectively manage an issues team with the primary objective of completing assignments timely and with a high degree of quality Utilizing sound analytical skills and demonstrating product, business and technical expertise to review and/or independently execute validation testing for multiple assigned issues while applying effective risk-based audit strategies Reviewing and discussing proposed issues with business/Compliance/Risk partners, Audit teams and Subject Matter Experts (as needed) to ensure sufficient details are included, severity is appropriate, and root cause has been clearly documented Working with the management team to determine whether issues have broader implications across the company, or rises to the level of a Theme Reviewing proposed Action Plans submitted by business partners to ensure the remediation plan is designed to drive timely resolution, establish accountability and mitigate identified risks Reviewing and approving detailed Test Plans designed to validate that the businesses and control functions have appropriately remediated the root cause of the issue Monitoring the life-cycle of assigned GFC/AML/Sanction issues to ensure timely resolution Proactively communicating status, results and challenges to the Senior Audit Manager; maintaining open communication with business partners and other issue contacts; and working effectively in an inclusive team environment Establishing business partner relationships and exercising judgment and critical thinking to influence them Applying deep and broad business acumen to assigned issues Providing coaching and feedback to issues associates as needed Required Skills: Bachelor's degree or equivalent work experience 5 to 8years of experience in an Audit and or compliance testing field is required Direct experience working with AML is required Knowledge of banking products, associated risks and audit techniques Sound organizational, analytical, and communication (both written and oral) skills Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives. Strong project management skills and ability to juggle multiple work efforts and quickly change direction, as needed Desired Skills: Obtained (or working towards) professional designation such as Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), or other relevant business designation Compliance activities - regulatory compliance and applicable banking regulations Core elements of a financial services company's AML and Sanctions Compliance Program Compliance risk and control framework Know Your Customers (KYC), OFAC and HMT regulations, Customer Identification Program (CIP)/Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD), Suspicious Activity Report (SAR), Politically Exposed Person (PEP), Trade Finance, Job number: 18048538
Salary Range: NA
Minimum Qualification
5 - 7 years - Free Classified Ads in US on Craigslist