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New York, NY 10005 | Direct Hire

Post Date: 04/24/2018 Job ID: 12311 Industry: AML Manager, Auditor Senior, BSA Manager, Internal Auditor, OFAC Manager

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Senior Auditor - BSA/AML/OFAC Compliance





Job Purpose

? Carry out audit assignments/investigations related to Bank? s products, business activities, operations, Compliance and support services, IT systems and system development and provide assurance on the adequacy and effectiveness of processes, controls and organizational structure to ensure compliance with the statutory regulatory requirements/internal control at NY Branch.

Provide assurance to management that the assets of the bank are safeguarded and its policies and procedures are complied with

Key Result Areas
  • Conduct Internal Audit review of Ny Branch? s BSA/AML and OFAC Compliance programs in line with regulatory requirements.
  • As an Auditor In charge, prepare an audit plan of a unit as per the internal risk based criteria to focus on and surface key control risks.
  • Execute audits to identify weakness in the effectiveness of controls and key processes of the unit(s), operational / regulatory deficiencies and provide appropriate recommendations for improvement to minimize risk and safeguard the assets of the Bank.
  • Assist in process audits/reviews across the following areas in New York? Compliance with Anti-Boycott and other regulations; IT Systems and Processes including BCP/DR testing; Client Services; Asset Services; Financial Administration; Treasury Management; Human Resources, Quality Assurance and Admin Department.? Ensure adherence to International Auditing Standards by IIA.
  • Interface with regulators and provide all data and explanation sought for their review.
  • Review Regulatory/Third party action plans and propose closure post review of closure evidences.
  • Monitor target dates and ensure compliance to the implementation all recommendations provided by regulators and third party consultants.
  • Escalate any critical issues to Direct Supervisor for taking up with Country / HO management, as appropriate.
  • Develop action plans including agreed target dates, at the end of every audit to ensure that appropriate action is taken to correct the deficiencies and implement recommendations made by doing regular follow-ups and tracking of the action plans.
  • Provide support to Audit teams when they visit for onsite Audits. As part of a team, support the risk assessment of functional units of the bank
  • As a Center of Excellence, develop a cordial and professional working relationship with the internal customers for the purpose of mutual understanding, easy communication and to obtain their? buy in? in audit findings and suggested opportunities for improvement
  • Identify key and critical processes for additional audit coverage of activities to be performed on a concurrent basis along with process audits. These would include review of critical/exception reports, sample check of vouchers, electronic journals, overdrawn balances or excesses over limit, review of ratios, etc.
  • Identify risks proactively and in a timely manner and keep a vigilant eye on branch activities to identify any unusual activity.
  • Review monthly exceptions reports and ensure that applicable items are reported by management and are regularized on a timely basis.
  • Assist in preparing periodic reports to Audit Manager, New York and Head of Audit as required.?



Knowledge, Skills & Experience
  • CPA or MBA preferably with Banking Diploma. Additional preference will be given to ACAMS / CIA certification holder.
  • 5? 7 years? experience in the banks preferably with 2? 3 years? experience in the Bank? s audit department or 7? 8 years? experience with some reputed audit firm.
  • Experience in auditing BSA/AML and OFAC Compliance programs in line with regulatory requirements.
  • Computer literate and good command over spoken and written English.



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Matt Eidlen

Matthew Eidlen has more than 10 years of recruitment and temporary staffing experience. He is a graduate of The College of Staten Island/City University of New York with a major in Economics and Marketing. He has developed an expertise in recruiting talent in the areas of compliance, mortgage services, litigation support, and all areas of operations and risk. He provides both temporary and direct hire recruitment services. He provides temporary staffing and permanent recruiting services to our expanding client base.

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