BSA/AML Regulatory Issue Verification Internal Audit
Posted 1 week ago by 1761975918
Negotiable
Outside
Hybrid
USA
Summary: Seeking a team of regulatory auditors with expertise in audit closure verification testing and BSA/AML controls. The role requires extensive knowledge of suspicious activity monitoring, reporting, and customer due diligence processes. Candidates should have significant experience in regulatory audits for large U.S. banks or international financial institutions. The position is hybrid, with a preference for candidates in NYC.
Key Responsibilities:
- Oversee completion of closure verification testing of junior auditors performing design and operational effectiveness testing of Fed/OCC issue remediation actions
- Perform design and operational effectiveness testing of Fed/OCC issue remediation actions
- Interact with management action owners
- Assess documentation of action plan completion
- Select and test operational instances of new and enhanced controls supporting action plan completion
Key Skills:
- Advanced understanding of audit issue verification techniques
- Experience with US regulatory expectations
- Advanced understanding of suspicious activity monitoring controls
- Advanced understanding of customer due diligence processes
Salary (Rate): undetermined
City: New York
Country: USA
Working Arrangements: hybrid
IR35 Status: outside IR35
Seniority Level: undetermined
Industry: Other
Location: NYC (Preferred) | Baltimore or Remote (Secondary)- hybrid onsite
Duration: 6 months
BSA/AML Regulatory Issue Verification Internal Audit
Experience (in years): 10+ years in Regulatory audit for large U.S. banks (JPM, Morgan Stanley, Citi, etc.) or International Financial Institutions (HSBC, Barclays, UBS, DB, etc.)
Summary:
Seeking a team of regulatory auditor with experience performing audit closure verification testing and BSA/AML subject matter expertise. The roles require knowledge of BSA/AML controls including suspicious activity monitoring and reporting, and customer due diligence (onboarding, customer risk ranking, enhanced due diligence (EDD)).
Scope and Deliverables:
- Oversee completion of closure verification testing of junior auditors performing design and operational effectiveness testing of Fed/OCC issue remediation actions Perform design and operational effectiveness testing of Fed/OCC issue remediation actions Interact with management action owners Assess documentation of action plan completion Select and test operational instances of new and enhanced controls supporting action plan completion
Skillsets Required:
- Advanced understanding of audit issue verification techniques Experience with US regulatory expectations Advanced understanding of suspicious activity monitoring controls (i.e. automated monitoring and case management systems; AML risk typologies; transaction alert creation and disposition; financial crimes investigations; SAR reporting; policies and procedures; program governance) Advanced understanding of customer due diligence (i.e. customer onboarding workflows; customer risk assessments; CIP/CDD/EDD regulatory and industry expectations; periodic reviews; ongoing customer activity reviews; policies and procedures; program governance)