Internal Audit Compliance Manager

 

JOB SUMMARY: 

The Internal Audit Compliance Manager is responsible for managing multiple client engagement teams, both internally and with external vendors, in the planning and execution of audits focused on the assessment and/or evaluation of compliance with consumer and commercial banking laws and regulations and the mitigation of related business risks.  In addition, this individual will be a key leader in building the audit department’s compliance audit program and contributing to building the infrastructure of the department. The ideal candidate will be an experienced audit manager, specializing in compliance at a national or international financial institution or an external audit firm (preferably Big 4) working on compliance audits of financial institutions and an experienced  examiner from a federal or state banking supervisor.  In addition, the ideal candidate must have strong leadership, project management and communication skills.  CAMS or CRCM, and CIA certification as well as knowledge of Sarbanes-Oxley are preferred.

 

ESSENTIAL FUNCTIONS:  

 

· Working together with our co-source vendors for audit, developing the annual Risk Assessment and Audit Plan aligned with the company’s strategic objectives.

· Lead the development of audit programs including scope, objectives and procedures.

· Perform compliance and operational audits to analyze the effectiveness of internal controls, operating policies and administrative procedures as well as to recommend improvements in compliance and operating controls.

· Lead internal audit teams in executing audit programs, and participate in execution of audits for higher risk areas, where necessary.

· Oversee all audit activities that relate to compliance with Banking Laws and Regulations (e.g. BSA/AML, Consumer Compliance, Regulation W, GLBA, etc.) as well as operational audits, where necessary.

· Lead and educate senior members of the audit staff with regard to changes in Bank Secrecy Act and other regulations.

· Report on a regular basis to the CAE and management regarding internal related matters and stage of completion of various programs outlined in the audit plan.

· Apply advanced knowledge of regulatory compliance to provide suggestions for improvements in internal controls.

· Develop strategic plans, policies and programs for the internal audit department, where necessary.

· Apply knowledge of Sarbanes Oxley and other corporate governance requirements to assist in the company’s compliance with such requirements as prescribed by the Banking Laws and Regulations, Institute of Internal Auditors and the Public Company Auditing Oversight Board.

 

 

SECONDARY FUNCTIONS:

· Direct and/or perform any specific ad hoc audits or assignments as requested.

· Provide ad-hoc training to Internal Audit personnel as necessary.

· Interact with external auditors/regulators when applicable.

· Lead staff in detecting and investigating potential fraud cases involving employees, customers and vendors.

· Attend certain management meetings.

 

PRIMARY CONTACTS:

 

· Internal:  

Chief Audit Executive, Internal Audit Managers, Seniors and Staff,  Business Unit Managers and other company personnel.

 

· External: 

External Auditors, External Vendors for Internal Audit Services.

 

 

SUPERVISORY RESPONSIBILITIES:

· Direct Reports:

Senior and Staff Auditors.

 

· Indirect Reports:

None.

 

 

DECISION MAKING:

Directs the work of others and demonstrates leadership.  Relies on extensive experience and judgment to plan and accomplish strategic goals.  A wide degree of creativity and latitude is expected.

 

POSITION CONTROL:

 

 

 

MINIMUM REQUIREMENTS: 

Knowledge and Experience:  Bachelor’s, or Master’s degree in business, accounting, finance, computer science, or a related discipline.A minimum of five years of progressive experience working as an examiner for a federal or state banking supervisor or as an internal auditor for a public firm within the financial services industry with a focus on regulatory compliance.Expert knowledge of legal and regulatory requirements in the Banking Industry.A minimum of two years of experience in a management position/role preferably in internal audit or with a Big-four firm in audit.Experience working directly with senior management. Knowledge and/or experience with designing or testing of internal controls over financial reporting (Sarbanes-Oxley) or the COSO framework.

 

Skills and Abilities:  

 Excellent interpersonal/verbal communication skills with the ability to build strong professional relationships. CAMS or CRCM and CIA certification as well as experience with Sarbanes-Oxley are preferred.Ability to work effectively across all divisions, functions and geographical locations (East and West Coast in US and Asia) as well as in a cross-cultural environment.Strong written communications skills.Excellent presentation skills with experience reporting to senior management/board committeesA proven track-record of effectively managing projects and prioritizing tasks. Must have the ability to plan, execute and deliver projects in a timely manner.  Ability to effectively multi-task.Action and results oriented positive attitude with the ability to overcome obstaclesHigh level of integrity and ethical values.Knowledge of banking regulations in the Greater China Region or NASD regulations a plus, but not required.

 

Working Conditions and Physical Demands: 

Travel may be required depending on assignments (up to 30%)