Director of Audit- BSA​/AML Los Angeles, CA

Director of Audit- BSA/AML at City National Bank summary

The Director of Audit for BSA/AML at City National Bank leads the audit team responsible for assessing the effectiveness of financial crime compliance controls including AML, OFAC, and ABAC. This role involves planning and executing audit activities, leveraging data analytics, and managing regulatory examinations to ensure compliance with evolving U.S. regulations. The Director also supports continuous improvement in audit methodologies and oversees audit reporting and risk monitoring within the bank's internal audit framework.

D IRECTOR OF AUDIT- BSA/AML

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 be responsible for leading and overseeing audit activities such as audit issue validations, continuous risk monitoring activities, and annual audit planning.

In addition, the Director of Audit for BSA/AML will provide responses to US regulators to meet the evolving demands of the US regulatory environment and heightened expectations of internal audit.

WHAT WILL YOU DO?

• Oversee/manage an audit team to provide independent and objective assurance of the design and effectiveness of Anti-Money Laundering (AML), Office of Foreign Assets Controls (OFAC), and Anti-Bribery and Corruption (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 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 other related support functions.
• Work with efficiency and effectiveness throughout the audit lifecycle (planning, execution and reporting), in accordance with Internal Audit methodology and standards.
• Support the continuous improvement of audit methodologies, audit approach and related practices with particular emphasis towards collaboration with key partners, leveraging the use of analytics, business intelligence, and other enabling approaches, technologies and tools.
• Direct, counsel, and manage a staff of internal auditors assigned to CNB FCC audit engagements and review audit plan, findings, and reports for sufficient scope, accuracy, appropriateness of conclusions and compliance with requirements.
• 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 experience managing staff

Additional Qualifications

• Professional Designation ( CAMS, CFE, CIA, CPA) preferred
• Demonstrated successful building of inclusive and diverse teams or committees.
• Demonstrated experience in working in a matrixed organization with proven ability to multitask and prioritize activities.
• 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, etc
• Strong experience in use of data analytics, visualization and reporting - e.g. Tableau.
• Experience planning integrated business audits with technology, data and model…