Senior Audit Manager - BSA/AML including Sanctions

Company: Disability Solutions
Location: Charlotte
Posted on: November 11, 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 Financial Crimes and Anti-Money Laundering (AML) Risk within Lines of Business (LOBs) ranging in scale and scope. Key responsibilities include developing BSA/AML and Sanctions 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:

• Financial Crimes and Anti-Money Laundering (AML) Audits within 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 team
• Accountable for auditing moderate to complex businesses ranging in scale and scope. Implements and communicates Corporate Audits mission, goals, and strategies.
• Responsible for developing an audit plan for assigned areas of responsibility including proper assessment and coverage of risks, including emerging risks.
• Demonstrates critical thinking, strategic mindset and leads and supports change. Executes assigned components of the audit plan in a timely manner, within quality standards and in conformance to audit policies and procedures.
• Strategic engagement in governance routines, issue remediation / validation, and regulatory engagement
• Provides comprehensive assessment of key products; increases depth of testing for key products inclusive of applicable laws, rules, and regulations particularly BSA/AML and sanctions rules.
• Strong financial crimes background with focus on core BSA/AML compliance program requirements including customer due diligence, transaction monitoring, investigations, risk assessment, etc.
• Assesses issues for impact to business processes, controls, and strategies, assigns severity ratings and escalates broad themes or trends.
• Produces quality and timely audit reports that summarize results of an audit to management. Manages business partner relationships for areas of responsibility, primary engagement with line management. Exercises critical thinking and judgment to effectively influence management to improve the control environment.
• Participates in communication with regulatory agencies.
• Manages performance of the team, including expense management. Provides effective and frequent coaching and development to assigned audit team.
• Responsible for development, retention, and personnel management issues. Fosters an inclusive work environment.Required Qualifications:
  • 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 Qualifications:
    • 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.
    • Bachelors' Degree or equivalent years of experienceSkills:
      • 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 ManagementShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - CT - East Hartford - 101 E River Dr - One Riverview Square (CT2550), US - NY - New York - 114 W 47TH ST (NY8114)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, Hickory , Senior Audit Manager - BSA/AML including Sanctions, Executive , Charlotte, North Carolina