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Senior Auditor-AML Compliance

Company: Bank OZK
Location: Clearwater
Posted on: May 3, 2021

Job Description:

Basic Qualifications:

  • Bachelor degree in a business-related field (i.e. accounting, finance, business administration, economics), or commensurate work experience, required.
  • Minimum of five (5) years of work experience related to BSA/AML or consumer compliance auditing or commensurate work experience operating within a bank consumer compliance or Financial Investigations Unit department required.
  • Related certification (i.e.,CPA, CIA, CFE, CAMS) preferred.. If not certified already, willing to take the CAMS within one year of employment.
  • Experience working with federal regulators such as the FDIC, OCC and Federal Reserve preferred.
  • Experience with auditing software (TeamMate) preferred.
  • Valid driver's license and good driving record.

Job Purpose and Scope:

Conducts compliance audits to assess design adequacy and operational effectiveness of controls surrounding the Bank's Bank Secrecy Act/Anti-Money Laundering/Office of Foreign Assets Control (BSA/AML/OFAC) Programs and corresponding adherence to applicable regulations. Performs detailed, timely work to deliver complex high quality, value added Internal Audit reports, which meet the requirements of the Audit Committee and the Bank's respective regulators.

Essential Job Functions:

  • Performs more complex audit tasks related to BSA/AML/OFAC compliance audits of the Bank, its systems, applications and branches.
  • Works with Internal Audit Management throughout the lifecycle of an audit (i.e., pre-planning, planning, fieldwork, reporting, and issue follow-up).
  • Executes a robust audit plan for assigned areas in accordance with Internal Audit standards, professional audit standards, relevant government statutes and regulations, and Bank policies.
  • Delivers timely high quality audit work and participates in Internal Audit and regulatory issue validation and business monitoring and governance committee reporting.
  • Maintains current knowledge of latest trends in the industry and adapts them for application within scope of job.
  • Develops effective work relationships with various levels of management and develops and maintains a good understanding of the business.
  • Educates management and fellow audit members on the BSA/AML/OFAC regulations and risks, Bank policies and procedures, and current practices.
  • Participates in major business initiatives and pro-actively advises and assists the business on change initiatives.
  • Drives an automobile on company business.
  • Regularly exercises discretion and judgment in the performance of essential job functions.
  • Maintains good punctuality and attendance to work.
  • Follows Bank policy, procedures and guidelines.

Knowledge, Skills & Abilities:

  • Knowledge of banking laws and regulations, including BSA/AML and OFAC regulations, and as applicable, other consumer laws and regulations.
  • Knowledge of AML transaction monitoring, including AML alerts generation, investigations, and SAR decisioning.
  • Knowledge of customer risk rating methodologies for commercial and consumer customers.
  • Ability to conduct BSA/AML/OFAC audits at the enterprise-wide level and line of business level.
  • Ability to apply an in-depth understanding of the inter-relationships of business and support units throughout the Bank and how they impact the overall AML control environment and the audit approach.
  • Ability to work on non-BSA/AML/OFAC audits, such as other consumer compliance audits.
  • Ability to communicate effectively both verbally and in writing.
  • Ability to identify, articulate and communicate important matters to management and present possible solutions.
  • Ability to manage multiple projects and priorities with exacting deadlines.
  • Ability to work in a fast-paced environment and adapt quickly to changing needs.
  • Ability to interact effectively with all levels of management.
  • Ability to produce accurate, thorough and timely work.
  • Ability to demonstrate consistent attention to detail.
  • Ability to demonstrate effective analytical, investigative, problem solving and audit skills.
  • Ability to make informal and formal presentations inside the organization and speak before assigned team and other groups.
  • Ability to work without close supervision.
  • Ability to work well with peers and department managers.
  • Ability to drive an automobile.
  • Ability to travel for business purposes.
  • Skill in using computer and Microsoft Office, including Word, Excel, PowerPoint and Outlook.

Equipment Used in Job Performance/Working Environment:

  • Computer
  • Telephone
  • Multi-function device

Major Job Demands (Physical/Mental):

  • Decision-making
  • Problem-solving

Note: This description is not an exhaustive list of all job functions, duties, skills and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.

Keywords: Bank OZK, Clearwater , Senior Auditor-AML Compliance, Other , Clearwater, Florida

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