Farmers and Merchants Bank of Long Beach
Senior Compliance Auditor
Farmers and Merchants Bank of Long Beach, Seal Beach, California, United States, 90740
Job Summary
The Senior Compliance Auditor supports the Compliance Audit Manager in the completion of the annual audit plan by planning and conducting compliance internal audits, performing audit in-charge responsibilities, and conforming to the Internal Audit Charter and Standards. Compliance internal audits include, but are not limited to Bank Secrecy Act, Fair Lending, Branch Operations Compliance, Lending Compliance (commercial and consumer), SAFE Act, HMDA, CRA, UDAAP, Regulation B, and Regulation E as well as Compliance Management System. Essential Duties
Plan, execute, and report on results of assigned Compliance audits, including the following. Assist assigned auditors in developing / updating audit programs, checklists and / or guides associated with Compliance related audit entities. Perform and document internal control walkthroughs of key processes, risks and controls, compliance with laws and regulations, and design / effectiveness of internal controls. Prepare process narratives, flow charts and descriptions of internal controls. Identify control deficiencies and improvement opportunities and provide recommendations for management's corrective / improvement action plans. Review work of assigned auditors and / or co-source staff. Prepare complete, accurate, clear, and concise audit workpaper documentation with proper supporting artifacts. Compile and analyze audit issues identified in the audit including root cause and risk impact analysis. Prepare draft audit reports. Organize and conduct meetings with management upon commencement and completion of engagements to discuss audit scope, engagement status, and significant audit issues identified. Effectively perform audit in-charge responsibilities (i.e., planning, workpaper review, report preparation, etc.). Effectively utilize down time, identify issues requiring research, and effectively research using appropriate resources. Complete all assignments within established timeline to enable the issuance of all audit reports and other deliverables by the applicable deadlines. Develop and maintain collaborative working relationships with management, learning and understanding the business to better provide value-added services help management achieve objectives, and manage risks. As directed by the Compliance Audit Manager, assist consultants and regulators in the execution of their audits / examinations. Maintain appropriate knowledge of current and pending compliance laws and regulations. Perform special projects at the request of the Compliance Audit Manager. Maintain a professional development plan to continually develop audit skills and to meet annual training requirements. Complies with all State and Federal Banking regulatory requirements, including but not limited to : BSA, Anti-Money Laundering, OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and / or BSA department. Completes compliance and other technical training workshops as assigned. Non-Essential Duties
Provide periodic feedback to staff compliance auditors Be familiar with Bank's practices, policies, and culture Perform other duties as assigned Required Knowledge, Skills and Abilities
Banking knowledge -Branch Banking Operations, Lending Operations, compliance-related policy and procedures Knowledge of risk management principles and practices in banks Understanding of IIA standards for the Professional Practice of Internal Auditing, COSO, risk assessment practices, and audit principles Sound judgment, integrity and commitment to ethical behavior Ability to maintain confidentiality and treat sensitive information with discretion Excellent interpersonal and communication skills Highly proficient with MS Office products Strong analytical skills, logical reasoning and problem-solving skills Ability to work independently, with limited direction and guidance Detail oriented, accurate, and organized Ability to effectively manage multiple projects simultaneously Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines Strong business acumen in risk and controls Officer Title Eligibility
For qualified positions, the Bank may designate an Officer Title to an employee who seeks and / or meets defined competencies for an eligible position. This position qualifies for the officer title(s) Assistant Vice President. Equipment Operated
Desktop / laptop Computers Standard Office Equipment (copiers) Physical Requirements & Work Environment
Requires sitting for prolonged periods of time Requires lifting up to 10 pounds Hybrid work schedule Office setting w / controlled temperature Requires periodic travel to branch locations Education and Experience
BS or BA Degree required, preferred majors in Accounting, Business Administration, Finance, or Economics or equivalent work experience required. Five or more years of compliance related experience within a bank compliance / BSA group, a bank internal audit compliance group or regulatory agency required. Regional banking experience is strongly preferred. Strong working knowledge of both Federal and California State consumer protection and public-interest compliance laws and regulations including Regulation Z, Regulation X, Regulation DD, Regulation E, Flood, Fair Lending, CRA, Privacy as well as BSA / AML / OFAC requirements and applicable commercial compliance laws and regulations. Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), Certified Internal Auditor (CIA), Certified Information Security Auditor (CISA), or Certified Risk Management Assurance (CRMA) required. Experience with audit software is preferred. Supervisory experience preferred but not required. Data analytics a plus. Working knowledge of AuditBoard, Jack Henry (Silverlake / Xperience), COGNOS a plus. This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and / or management. Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment. August 15, 2025
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The Senior Compliance Auditor supports the Compliance Audit Manager in the completion of the annual audit plan by planning and conducting compliance internal audits, performing audit in-charge responsibilities, and conforming to the Internal Audit Charter and Standards. Compliance internal audits include, but are not limited to Bank Secrecy Act, Fair Lending, Branch Operations Compliance, Lending Compliance (commercial and consumer), SAFE Act, HMDA, CRA, UDAAP, Regulation B, and Regulation E as well as Compliance Management System. Essential Duties
Plan, execute, and report on results of assigned Compliance audits, including the following. Assist assigned auditors in developing / updating audit programs, checklists and / or guides associated with Compliance related audit entities. Perform and document internal control walkthroughs of key processes, risks and controls, compliance with laws and regulations, and design / effectiveness of internal controls. Prepare process narratives, flow charts and descriptions of internal controls. Identify control deficiencies and improvement opportunities and provide recommendations for management's corrective / improvement action plans. Review work of assigned auditors and / or co-source staff. Prepare complete, accurate, clear, and concise audit workpaper documentation with proper supporting artifacts. Compile and analyze audit issues identified in the audit including root cause and risk impact analysis. Prepare draft audit reports. Organize and conduct meetings with management upon commencement and completion of engagements to discuss audit scope, engagement status, and significant audit issues identified. Effectively perform audit in-charge responsibilities (i.e., planning, workpaper review, report preparation, etc.). Effectively utilize down time, identify issues requiring research, and effectively research using appropriate resources. Complete all assignments within established timeline to enable the issuance of all audit reports and other deliverables by the applicable deadlines. Develop and maintain collaborative working relationships with management, learning and understanding the business to better provide value-added services help management achieve objectives, and manage risks. As directed by the Compliance Audit Manager, assist consultants and regulators in the execution of their audits / examinations. Maintain appropriate knowledge of current and pending compliance laws and regulations. Perform special projects at the request of the Compliance Audit Manager. Maintain a professional development plan to continually develop audit skills and to meet annual training requirements. Complies with all State and Federal Banking regulatory requirements, including but not limited to : BSA, Anti-Money Laundering, OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and / or BSA department. Completes compliance and other technical training workshops as assigned. Non-Essential Duties
Provide periodic feedback to staff compliance auditors Be familiar with Bank's practices, policies, and culture Perform other duties as assigned Required Knowledge, Skills and Abilities
Banking knowledge -Branch Banking Operations, Lending Operations, compliance-related policy and procedures Knowledge of risk management principles and practices in banks Understanding of IIA standards for the Professional Practice of Internal Auditing, COSO, risk assessment practices, and audit principles Sound judgment, integrity and commitment to ethical behavior Ability to maintain confidentiality and treat sensitive information with discretion Excellent interpersonal and communication skills Highly proficient with MS Office products Strong analytical skills, logical reasoning and problem-solving skills Ability to work independently, with limited direction and guidance Detail oriented, accurate, and organized Ability to effectively manage multiple projects simultaneously Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines Strong business acumen in risk and controls Officer Title Eligibility
For qualified positions, the Bank may designate an Officer Title to an employee who seeks and / or meets defined competencies for an eligible position. This position qualifies for the officer title(s) Assistant Vice President. Equipment Operated
Desktop / laptop Computers Standard Office Equipment (copiers) Physical Requirements & Work Environment
Requires sitting for prolonged periods of time Requires lifting up to 10 pounds Hybrid work schedule Office setting w / controlled temperature Requires periodic travel to branch locations Education and Experience
BS or BA Degree required, preferred majors in Accounting, Business Administration, Finance, or Economics or equivalent work experience required. Five or more years of compliance related experience within a bank compliance / BSA group, a bank internal audit compliance group or regulatory agency required. Regional banking experience is strongly preferred. Strong working knowledge of both Federal and California State consumer protection and public-interest compliance laws and regulations including Regulation Z, Regulation X, Regulation DD, Regulation E, Flood, Fair Lending, CRA, Privacy as well as BSA / AML / OFAC requirements and applicable commercial compliance laws and regulations. Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), Certified Internal Auditor (CIA), Certified Information Security Auditor (CISA), or Certified Risk Management Assurance (CRMA) required. Experience with audit software is preferred. Supervisory experience preferred but not required. Data analytics a plus. Working knowledge of AuditBoard, Jack Henry (Silverlake / Xperience), COGNOS a plus. This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and / or management. Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment. August 15, 2025
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