Audit Manager, Fraud Operations - CNB

Position: Audit Manager, Payment and Fraud Operations - CNB

Job Description

The Manager of Audit for Payment and Fraud Operations will support City National Bank's Internal Audit team by providing independent, objective assurance over the design and operating effectiveness of the Bank's payment and fraud risk management practices, US Regulatory Compliance governance processes and the system of internal controls over the Bank's Payment and Fraud Operations. Position will also provide support to meet the evolving demands of the US regulatory environment and heightened expectations of internal audit.

The Manager will also be involved in internal and external issue validation as well as audit continuous monitoring activities; along with Data Analytics to support continuous monitoring, leveraging the use of information analytics, business intelligence, data mining, and other technologies and tools.

This role will be based in Toronto/Halifax in a RBC office location but will support City National Bank.
Audit and Assurance General Requirements:- Leads the planning, execution and evaluation of audit test plans for projects of medium to high complexity with a risk-based audit approach.

- Assesses risks and controls, designs comprehensive audit programs, executes audit procedures, supervises and reviews the work of others, analyzes and synthesizes results of testing performed, effectively communicates results to senior management and audit leadership to affect change, and delivers well written audit reports and other forms of communication.

- Manages assigned sections of engagements, and collaborates with other audit groups to effectively plan, integrate and execute audits.

- Tracks and manages audit work to meet the audit budget and audit plan mandates.

- Assists with the development of the annual risk assessment and audit plan as required
- Identifies, interprets and designs testing to adhere to US regulatory requirements applicable to the area being audited.

- Understands Payments (e.g., Wire, ACH), fraud and general IT risk identifying and assessing key control activities in business processes.

- Leads and executes continuous monitoring activities periodically for the area assigned.

- Gathers and evaluates information received from business units and other external/regulatory sources.

- Ability to multi-task and work in a dynamically changing environment.

- Complies fully with all Bank policies, procedures, audit methodologies, training and regulatory requirements.
• Ongoing Monitoring

Activities:

- Monitors outstanding issues to ensure management is on track for appropriate and timely remediation.

- Performs issue validation for issues closed by line of business management.

- Leads and performs continuous monitoring activity and seeks to identify data analytics opportunities to enhance or streamline existing continuous monitoring activities.

- Stays abreast of changes in the business and regulatory environment and control environments in which City National Bank operates.
Data Analytics and Technology:- Discover patterns, insights, trends and anomalies from straightforward analyses, data sets and visualization tools.

- Execute basic analyses (e.g. descriptive) and create simple visualization using standard tools.

- Develop requests for advanced analytics by providing detailed and clear questions to the Data Analytics team.

- Applies advanced analytical techniques to test hypotheses and add insights into audit findings.

- Understands concepts of data lineage and data stewardship in order to develop effective data analytics that provide the insights.
Relationship Building and Client

Experience:

- Supports the Audit Director and Senior Audit Manager proactively in their ongoing monitoring and discussions with business management.

- Continuously builds trusting relationships with Internal Audit peers and business management.

- Acts as the key contact and responds to inquiries from business throughout the audit process.

- Challenges others’ thinking or approaches in a constructive manner.

- Advises stakeholders on internal control and governance matters and conducts proactive and ongoing risk management discussions with business leaders.

- Influences key stakeholders to gain buy-in,…