Senior Regulatory Compliance Auditor

Duties & Responsibilities

• Ensure adherence to internal control procedures, corporate policies, and regulatory requirements by reviewing records, reports, operational practices, and documentation.
• Prepare audit work papers, documenting audit tests and findings in a clear and concise manner.
• Communicate audit results by compiling summary reports and discussing findings with the audit supervisor and management.
• Identify and recommend procedural efficiencies during the audit process.
• Contribute to the internal audit plan by completing assigned tasks within designated timelines.
• Collaborate with the internal audit team on annual risk assessments and assist in developing the annual audit plan.
• Establish and maintain the annual regulatory compliance audit schedule.
• Stay informed on industry trends and regulatory changes to ensure up-to-date compliance.
• Act as a resource for compliance-related matters and conduct research as needed.
• Record compliance exceptions in the bank’s tracking system and follow up on outstanding issues.
• Provide assistance to external auditors and regulatory examiners.
• Engage in ongoing professional development to stay current with financial regulations and internal auditing standards.
• Assess the effectiveness of internal controls throughout the audit process.
• Draft audit reports, detailing risks, controls, audit procedures, and results.
• Develop and revise audit programs as necessary.
• Supervise audit staff, including reviewing and approving their work papers.
• Participate in task forces and committees as required.

Education & Experience

Knowledge Of:

• Strong oral and written communication skills.
• Regulatory compliance requirements for financial institutions.
• Organizational and project management best practices.

Ability To:

• Work independently with minimal supervision.
• Manage time effectively under tight deadlines and prioritize tasks efficiently.
• Apply logical thinking and discretion in problem-solving.
• Interpret and apply regulatory guidelines appropriately.

Education & Training:

• Bachelor’s degree in a business-related field required.
• Minimum of 4 years of audit experience preferred.
• Experience working with banking regulators is a plus.
• Strong understanding of bank operations and financial services regulations.
• Proficiency in Microsoft Office suite.
• Certified Regulatory Compliance Manager (CRCM) designation preferred.

Compensation & Benefits

• Salary is determined based on factors such as job responsibilities, required qualifications, relevant experience, and local market conditions.
• The role may be eligible for bonuses or incentives based on individual and company performance.
  

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