Audit Director - Financial Crimes (BSA/AML including Sanctions)
Bank of America
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Audit responsibilities for businesses or functional areas related to Financial Crimes.
Develops the audit strategy for Financial Crimes including proper assessment and coverage of risks and emerging risks
Oversees audit teams to ensure timely execution of the audit plan within quality standards and in conformance to audit policies and procedures
Gets ahead of risks, identifies themes and continually evaluate areas of priority against the company’s risk profile and control environment
Promotes the use of innovative tools and technological elements to drive continuous coverage of Company risks
Owns and communicates importance of operational effectiveness; drives continuous improvement
Strategic engagement in governance routines, issue remediation / validation, and regulatory engagement
Demonstrates and fosters critical thinking, strategic mindset; leads and drives change adoption
Provides comprehensive assessment of key products; increases depth of testing for key products inclusive of applicable laws, rules, and regulations particularly BSA/AML and sanctions rules.
Strong financial crimes background with focus on core BSA/AML compliance program requirements including transaction monitoring, investigations, risk assessment, etc.
Provides a comprehensive horizontal view of risk specific to Financial Crimes
Required Skills/ Qualifications:
Minimum of 12 years of experience with a specialization in BSA/AML and/or OFAC/Sanctions
Expertise related to financial services/financial institution industry preferred.
Strong engagement with external regulatory agencies
Strong Audit or Risk Management background preferred but not required.
Strong Project Management skills
Critical thinking, collaborative and innovative
Experience leading & driving change
Experience in demonstrating and fostering critical and strategic thinking
Experience leading a team
Bachelor's Degree (Master’s degree preferred but not required)
Job Code Summary:
Manages one or more business groups within Corporate audit, including execution of the audit plan, all elements of personnel management, communication and expense management. Responsible for planning and developing audit strategy and managing audit services for significant lines of business. Exercises judgment and influences business executives, managers and peers. Helps business partners balance their business strategy with appropriate risk management controls. Works with Audit's senior leadership to develop, implement and communicate Corporate Audit's mission, goals and strategies. Proactively manages the relationships with regulatory agencies, external consultants and other internal risk management groups.
Shift:1st shift (United States of America)
Hours Per Week:40