Senior VP Compliance Audit Lead


New York | New York


Full Remote

Position type


Job Description

SVP — Compliance Audit Lead    BSA/AML/OFAC

Our client – a small bank with great opportunities is seeking a SVP for compliance Audit with BSA/AML/OFAC experience 

Details of the role: 

This role will report directly to the  Chief Audit Executive, the Senior Vice President, Head of Compliance Audit, will lead complex regulatory and compliance audits, will effectively and efficiently prepare/supervise a well-developed, risk-based audit approach for large audits, within a highly regulated banking environment. The ideal candidate will have strong knowledge of regulations governing financial institutions including rules and regulations of the FDIC, NYDFS, CFPB, FRB and Client.

The successful candidate will be expected to:

  • Effectively lead and prepare a well-developed risk-based audit approach and document high quality work papers for regulatory and operational audits in accordance with professional and industry standards, as well as applicable regulatory frameworks.
  • Understanding of business units' regulatory and technology environment including applicable laws and regulations.
  • Prepare audit planning documentation, conduct walkthroughs, and assess the internal control environment through control and substantive testing.
  • Execute high value audits, identifying risks, evaluating the adequacy of design and effectiveness of key controls, determining "root-causes” and making recommendation to improve the control environment.
  • Prepare effective audit reports summarizing audit activities, conclusions and providing value-added recommendations.
  • Effectively present/communicate audit observations to senior management and relevant Board level Committees and develop collaborative relationships.
  • Follow up on open audit issues and work with management to ensure appropriate resolution and closure.
  • Develop strong collaborative relationships with stakeholders and serve as a trusted advisor while maintaining objectivity and independence in both fact and appearance.
  • Stay abreast of industry trends to identify potential issues and risks, as well as relevant best practices, laws, rules and regulations impacting financial institutions and ensuring that the changes are incorporated into the audit planning and risk assessment process.
  • Participate in department-wide initiatives and perform other duties as assigned. Proactively seek out additional responsibilities (when appropriate).
  • Travel requirement is minimal.


  • Minimum 20+ years of professional auditing or comparable experience.
  • A Bachelor's degree in Business, Accounting, Finance, or a related field is required.
  • Significant experience in performing audits of financial crime risk and compliance processes within a banking or broker-dealer environment
  • Expert knowledge of banking regulations and broker dealer regulations as well as prior experiences with bank regulators (e.g., FDIC, NYDFS, CFPB, FRB and Client, etc.).
  • Expert understanding of financial crimes risk such as Bank Secrecy Act and Anti-Money Laundering (BSA/AML), Know Your Customer, and Sanctions is required.
  • Expert experience in leading and executing all aspects of the audit lifecycle, including planning, risk assessment, scoping, detailed testing and reporting.
  • Strong project management and time management skills; ability to adapt quickly to changing demands and environment and rapidly develop in-depth knowledge of new audit areas.
  • Accurate, accountable and able to multi-task while remaining organized.
  • Highly motivated with strong analytical skills.
  • Expert knowledge, skills, and experience in applying the principles and practices of internal auditing in regulatory, operational, financial, and information technology environments including auditing business functions.
  • Ability to research and identify best practices.
  • Excellent verbal and written communication skills and the ability to communicate effectively at all levels of the organization.
  • Microsoft Office (Word, Excel and PowerPoint)
  • One of the following Certifications is strongly preferred:
    • Certified Regulatory Compliance Manager (CRCM) designation
    • Certified Anti-Money Laundering Specialist (CAMS) or comparable regulatory focused certification
    • Certified Internal Auditor (CIA)
  • Microsoft Office (Word, Excel and PowerPoint)

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