Position Title Head of Internal Audit- BSA/AML & Compliance
Location Hicksville/100 Duffy Avenue/110025
Job Summary JOB SUMMARY The Head of Internal Audit - BSA/AML and Compliance is responsible for leading the delivery of value-added independent internal audit assurance services over Bank Secrecy Act (BSA), Anti-Money Laundering (AML) Banking and Corporate compliance related functions. Through well-developed relationships with Executive Management, oversees the development of a comprehensive, dynamic audit plan, and directs a team of audit professionals in the implementation and completion of the plan while maintaining responsibility for the overall quality of audit work performed. Serves as a key contributor with respect to the long- term strategy, value proposition, continued growth, and success of the Audit Department providing both leadership and management for key functions within the Internal Audit Practice. Participates in committees as relevant, such as preparing and making presentations to senior management. Has leading role in communications and presentations with regulators and external stakeholders.
Salary Range- $234,158 - $491,732
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
Direct the work of assigned team of professionals to achieve completion of internal audits of BSA, AML and Banking and Corporate compliance related functions. Activities include (but are not limited to):
Establish and maintain key business relationships with internal and external stakeholders in order to optimize effectiveness.
Provide leadership and oversight to ensure teams are completing their assigned portions of the Audit Plan in a timely manner, in accordance with IIA Standards.
Deliver high quality, actionable feedback to auditees on control issues and potential solutions to close gaps, with relevant reporting to the Audit Committees.
Complete final review of draft reports prior to submission to Chief Audit Executive.
Organize and monitor complex sets of activities, projects, people and resources over extended periods of time.
Recommend and implement changes to methods of performing work.
Provide subject matter expertise to audit partners and ensure comprehensive audit coverage of owned risk domains.
Remain current with industry trends and emerging risks to update audit coverage as appropriate
Assist the Chief Audit Executive with department or cross functional initiatives and special projects. Assist in preparation of a comprehensive risk-based, multi-year plan of audit coverage. Works closely with the Chief Audit Executive to periodically review and assess overall performance, staffing and development needs of the Internal Audit function.
Complete performance reviews and requisite administrative activities for all assigned direct reports. Coordinate resources to maximize audit effectiveness & efficiency and enhance staff development.
Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
ADDITIONAL RESPONSIBILITIES
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Required Qualifications:
Education level required: Undergraduate Degree (4 years or equivalent)in Accounting, Finance, or Business Administration or related field.
15+ Years of progressive audit, risk management or examiner experience with a significant portion in the financial services industry, preferably with a large financial services firm with subject matter expertise in financial institution regulatory compliance , including BSA, AML and OFAC.
Five or more years of experience in a managerial role.
