Senior Auditor - Economic Sanctions
Company: Disability Solutions
Location: Wilmington
Posted on: October 30, 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
performing test work during moderately complex audit activities for
Lines of Business (LOBs). Key responsibilities include designing
and executing audit tests to evaluate the control environment, and
assessing issues for business impact and recommending severity
ratings under the supervision of senior team
members.Responsibilities:
- Executes audit strategy for the sound application of risk-based
auditing by defining audit scope and audit program, and leverages
automation and innovative methods in a timely and high quality
manner
- Identifies control deficiencies, discusses with line
management, and initiates control matter recommendations
- Establishes business partner relationships, primarily with line
management, to develop business knowledge
- Assesses impacts to business processes, controls, and
strategies to provide recommendations on severity ratings
- Exercises sound judgment to effectively influence management to
improve the control environment while developing knowledge of
product, business, and technical expertise
- Develops skills to use innovative tools to complete audit
activities more efficiently (e.g., testing)
- Experience with economic sanctions related risks and a solid
business understanding of financial services industry, especially
those associated with correspondent banking, corporate banking,
treasury management and capital markets conducting sanctions
reviews.
- Perform sanctions audits at the enterprise level as well as
other diverse lines of business and specialty areas;
- Experience in US financial crime regulations including
OFAC,
- Support the execution of sanctions audit as well as regulatory
and partner exams by creating presentation materials and providing
timely responses to inquiries.
- Design and perform compliance audit procedures, including
identifying and defining issues, reviewing and analyzing evidence,
and documenting processes;
- Leverage available data and analytical tools during the
planning, fieldwork, and reporting phases of audit delivery;
- Communicate the results of audit projects to management
(written reports/oral presentations);
- Establish and build working relationships with internal and
external management;
- Perform sanctions risk assessments of business activities,
potential risks exposures, and materiality of loss; and
- Demonstrates experience in managing integrated internal audit
and assurance delivery.
- Effective influence skills in communicating findings. This
individual must be an articulate and effective communicator, both
verbally and in writing.
- Strong interpersonal skills for interfacing with all levels of
internal and external audit and managementSkills & Qualifications:
- Bachelor's or Master's Degree
- Minimum 1-3 years of audit experience in areas related to AML,
sanctions and fraud risk management programs and regulations,
banking regulations, local standards, and internal policies,
or
- Minimum 1-3 years of experience conducting Economic Sanction
audits, Risk Management audits, Compliance audits or a combination,
or
- Minimum of 1-3 experience in Audit, Compliance, Risk, Business
Controls, or other related experience
- Excellent project management, interpersonal, oral and written
communication skills; strong attention to detail and accuracy
- Exceptional analytical and critical thinking abilities; Able to
develop and convey a point of view
- Professionalism, dependability, integrity and trustworthiness
combined with a cooperative attitude. Able to thrive in a dynamic
team environment
- Highly motivated self-starter with ability to multitask and
complete assignments within time constraints and deadlines.
Individual with desire to learn and teach others, high energy,
positive attitude
- Proficiency in Microsoft Office products
- Analytical Thinking
- Attention to Detail
- Internal Audit Review
- Risk Management
- Technical Documentation
- Automation
- Business Acumen
- Issue Management
- Project Management
- Critical Thinking
- Relationship Building
- Written CommunicationsDesired Qualifications
- Certified Anti-Money Laundering Specialist (CAMS), Certified
Internal Auditor (CIA), Certified Public Accountant (CPA),
Certified Regulatory Compliance Manager (CRCM), or Certified Fraud
Examiner (CFE)Minimum Education Requirement
- Bachelor's Degree Shift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - CT - East
Hartford - 101 E River Dr - One Riverview Square (CT2550), US - CT
- Stamford - 600 Washington Blvd (CT2561), US - RI - Providence - 1
Financial Plaza (RI1537)Pay and benefits informationPay
range$83,500.00 - $102,400.00 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, Lancaster , Senior Auditor - Economic Sanctions, Accounting, Auditing , Wilmington, Pennsylvania
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