City National Bank
WHAT IS THE OPPORTUNITY?
The Director of Audit for BSA/AML will support City National Bank's Internal Audit department by providing independent, objective assurance over the design and operating effectiveness of CNB's processes and controls related to Financial Crimes Compliance, including BSA/AML, OFAC and ABAC. This position will also lead and oversee audit activities such as audit issue validations, continuous risk monitoring, and annual audit planning. It will also respond to US regulators to meet the evolving demands of the regulatory environment and heightened expectations of internal audit. WHAT WILL YOU DO?
Oversee and manage an audit team to provide independent and objective assurance of the design and effectiveness of AML, OFAC, and ABAC practices for City National Bank (CNB). Audit Assurance: Prepare and oversee the execution of the annual audit plan for the CNB Financial Crimes audit universe, to assess the adequacy and effectiveness of the internal control environment. Ensure timely and complete execution of audits in the annual plan. Review audit findings and audit reports drafted by the audit team for submission to IA Senior Management. Lead the execution of continuous monitoring and adjust the audit plan and risk assessment as necessary. Data Analytics and Technology: Leverage data analysis and insights across the enterprise and across all stages of the audit lifecycle to apply to the audit portfolio. Build and maintain relationships with data stewards and heads of platform technology to understand key applications and data sources. Direct oversight of the CNB Financial Crimes audit universe and related support functions. Maintain efficiency and effectiveness throughout the audit lifecycle (planning, execution, and reporting) in accordance with Internal Audit methodology and standards. Support continuous improvement of audit methodologies and approaches with emphasis on collaboration with key partners, analytics, business intelligence, and enabling technologies and tools. Direct, counsel, and manage a staff of internal auditors assigned to CNB FCC audit engagements and review audit plans, findings, and reports for sufficient scope and accuracy. Coordinate and manage regulatory requests and examinations with bank regulators. WHAT DO YOU NEED TO SUCCEED?
Required Qualifications Bachelor's Degree or equivalent Minimum of 10 years of progressive experience within a top-tier financial services organization or Big 4 public accounting firm Minimum of 5 years of experience managing staff Additional Qualifications Professional designation (CAMS, CFE, CIA, CPA) preferred Demonstrated success in building inclusive and diverse teams or committees Experience in a matrixed organization with ability to multitask and prioritize Experience leading, coaching and mentoring direct reports Audit, Assurance and Advisory experience Strong understanding of Financial Crimes compliance risk across 1st and 2nd lines of defense Experience working with US regulators such as OCC, Federal Reserve Strong experience in data analytics, visualization and reporting (e.g., Tableau) Experience planning integrated business audits with technology, data and model auditors Understanding of core technology (applications and infrastructure) Experience in data analytics (data gathering, transformation, analytics, and reporting) Strong leadership skills and excellent communication skills, both oral and written Ability to interact effectively with management and staff at all levels WHAT'S IN IT FOR YOU?
Compensation Starting base salary: $141,830 - $263,408 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions. Benefits and Perks City National offers benefits and perks such as comprehensive healthcare coverage (Medical, Dental, Vision), 401(k) with company matching, career development resources, paid time off, fertility and health programs, and more. Details available in the Benefits and Perks information. Get a more detailed look at our Benefits and Perks. ABOUT US City National Bank was founded in 1954 and is a subsidiary of Royal Bank of Canada. To learn more about City National and our culture, visit us at About Us. INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status, or other protected basis. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. *Represents basic qualifications for the position. Careers.cnb.com accepts applications on an ongoing basis, until filled. #LI-KTB #CA-KTB
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The Director of Audit for BSA/AML will support City National Bank's Internal Audit department by providing independent, objective assurance over the design and operating effectiveness of CNB's processes and controls related to Financial Crimes Compliance, including BSA/AML, OFAC and ABAC. This position will also lead and oversee audit activities such as audit issue validations, continuous risk monitoring, and annual audit planning. It will also respond to US regulators to meet the evolving demands of the regulatory environment and heightened expectations of internal audit. WHAT WILL YOU DO?
Oversee and manage an audit team to provide independent and objective assurance of the design and effectiveness of AML, OFAC, and ABAC practices for City National Bank (CNB). Audit Assurance: Prepare and oversee the execution of the annual audit plan for the CNB Financial Crimes audit universe, to assess the adequacy and effectiveness of the internal control environment. Ensure timely and complete execution of audits in the annual plan. Review audit findings and audit reports drafted by the audit team for submission to IA Senior Management. Lead the execution of continuous monitoring and adjust the audit plan and risk assessment as necessary. Data Analytics and Technology: Leverage data analysis and insights across the enterprise and across all stages of the audit lifecycle to apply to the audit portfolio. Build and maintain relationships with data stewards and heads of platform technology to understand key applications and data sources. Direct oversight of the CNB Financial Crimes audit universe and related support functions. Maintain efficiency and effectiveness throughout the audit lifecycle (planning, execution, and reporting) in accordance with Internal Audit methodology and standards. Support continuous improvement of audit methodologies and approaches with emphasis on collaboration with key partners, analytics, business intelligence, and enabling technologies and tools. Direct, counsel, and manage a staff of internal auditors assigned to CNB FCC audit engagements and review audit plans, findings, and reports for sufficient scope and accuracy. Coordinate and manage regulatory requests and examinations with bank regulators. WHAT DO YOU NEED TO SUCCEED?
Required Qualifications Bachelor's Degree or equivalent Minimum of 10 years of progressive experience within a top-tier financial services organization or Big 4 public accounting firm Minimum of 5 years of experience managing staff Additional Qualifications Professional designation (CAMS, CFE, CIA, CPA) preferred Demonstrated success in building inclusive and diverse teams or committees Experience in a matrixed organization with ability to multitask and prioritize Experience leading, coaching and mentoring direct reports Audit, Assurance and Advisory experience Strong understanding of Financial Crimes compliance risk across 1st and 2nd lines of defense Experience working with US regulators such as OCC, Federal Reserve Strong experience in data analytics, visualization and reporting (e.g., Tableau) Experience planning integrated business audits with technology, data and model auditors Understanding of core technology (applications and infrastructure) Experience in data analytics (data gathering, transformation, analytics, and reporting) Strong leadership skills and excellent communication skills, both oral and written Ability to interact effectively with management and staff at all levels WHAT'S IN IT FOR YOU?
Compensation Starting base salary: $141,830 - $263,408 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions. Benefits and Perks City National offers benefits and perks such as comprehensive healthcare coverage (Medical, Dental, Vision), 401(k) with company matching, career development resources, paid time off, fertility and health programs, and more. Details available in the Benefits and Perks information. Get a more detailed look at our Benefits and Perks. ABOUT US City National Bank was founded in 1954 and is a subsidiary of Royal Bank of Canada. To learn more about City National and our culture, visit us at About Us. INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status, or other protected basis. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. *Represents basic qualifications for the position. Careers.cnb.com accepts applications on an ongoing basis, until filled. #LI-KTB #CA-KTB
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