Managing Director- AML and Compliance Audit

9th August 2017
Job Type
Highly Competitive


BSM Group are currently representing a client seeking a Managing Director- AML and Compliance Audit.

Job description:

  • Our client, a leading International Bank are seeking a Managing Director or Executive Director to lead up the AML and Compliance audit team. The incumbent will be the Officer-in-Charge (OIC) on audit engagements and is responsible for managing the planning, execution, and reporting of assigned audits in accordance with department standards. In addition, you will be responsible for the overall audit plan and strategy over the AML / Compliance function in the U.S. The Director leads a team of auditors to assess the design and operational effectiveness of internal controls, adherence to regulatory requirements and Bank policies, and the efficiency and effectiveness of operations of AML/ATF and Sanctions Program and the Compliance Function in the U.S


  • Identify systemic and emerging issues and strategic changes planned/undertaken by the auditees that will impact the audit plan, including review of business/strategic plans, ns Program, review and attend periodic meetings with key management officers to understand changes and new business initiatives and review key performance indicators
  • Lead and direct the team to plan and execute audit projects consistent with the audit methodology and department standard
  • Maintain a thorough understanding of the business, risks and processes for assigned areas and provide effective guidance to the audit teams
  • Manage appropriately the prioritization of testing activities using a risk-based approach to ensure scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, appropriate resources are assigned, risks are understood and the nature and extend of testing is adequate to support the audit findings and conclusions
  • Ensure internal control weaknesses are identified; errors are quantified as applicable, associated impact is defined, documented and reported, the identified issues are clearly understood and the appropriate actions are taken by management
  • Ensure audit reports are written to a consistent high standard of quality and are finalized / released within established metrics
  • Ensure audit findings are adequately documented in the Audit Issues Tracking Database.
  • Ensure Teammate working paper files are reviewed timely and the audit work is documented according to the established standards
  • Maintain effective communication with stakeholders including appropriate handling of conflicts and issue resolution
  • Provide advice and counsel on internal control design issues/changes with participation on stakeholders working groups as assigned
  • Coordinate work performed on behalf of the external auditors as assigned
  • Prepare applicable sections of the quarterly report and communicate this to the Audit Committee
  • Manage team performance, review direct reports' performance self-assessments, personal development plans and provide effective coaching
  • Manage the development of staff by providing direction and coaching; Dimensions
  • Leads audits of AML and Compliance in US, including projects in all US offices
  • Along with Chief Auditor, US Audit, manage the third line’s relationship with all US regulatory bodies including federal and state regulatory bodies
  • Quarterly reporting to US Risk and Executive Committees, as well as input to overall Board Reporting
  • Responsible to lead 6-10 large projects per year, with teams of up to 5-6 people
  • Face of Audit to senior stakeholders in the US including the Head of AML/ATF and Head of Compliance

Basic Qualifications, General Skills and Experience:

  • 13+ years in AML compliance, AML regulatory, AML audit or related experience
  • Expert knowledge of the Bank's BSA AML and Compliance framework, structure, programs, key regulations/regulators, and systems
  • Prior experience in an AML / Compliance Function or Regulator would be an asset - Knowledge of auditing techniques, tools, and software (e.g., Teammate)
  • Strong written and verbal communication including ability to present and negotiate audit findings to management
  • Be a self-starter / takes initiative, deals well with ambiguity, and detail oriented
  • Be highly proficient in the use of Excel and Visio
  • AML Certification (ACAMS) as applicable

For any more information please contact or call +1 646 618-8863.

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