BSA/AML Regulatory Issue Verification Internal Audit

Location: NYC (Preferred) | Baltimore or Remote (Secondary)- hybrid onsite

Duration: 6 months

BSA/AML Regulatory Issue Verification Internal Audit

Experience (in years): 10+ years in Regulatory audit for large U.S. banks (JPM, Morgan Stanley, Citi, etc.) or International Financial Institutions (HSBC, Barclays, UBS, DB, etc.)

Summary:

Seeking a team of regulatory auditor with experience performing audit closure verification testing and BSA/AML subject matter expertise. The roles require knowledge of BSA/AML controls including suspicious activity monitoring and reporting, and customer due diligence (onboarding, customer risk ranking, enhanced due diligence (EDD)).

Scope and Deliverables:

• Oversee completion of closure verification testing of junior auditors performing design and operational effectiveness testing of Fed/OCC issue remediation actions Perform design and operational effectiveness testing of Fed/OCC issue remediation actions Interact with management action owners Assess documentation of action plan completion Select and test operational instances of new and enhanced controls supporting action plan completion

Skillsets Required:

• Advanced understanding of audit issue verification techniques Experience with US regulatory expectations Advanced understanding of suspicious activity monitoring controls (i.e. automated monitoring and case management systems; AML risk typologies; transaction alert creation and disposition; financial crimes investigations; SAR reporting; policies and procedures; program governance) Advanced understanding of customer due diligence (i.e. customer onboarding workflows; customer risk assessments; CIP/CDD/EDD regulatory and industry expectations; periodic reviews; ongoing customer activity reviews; policies and procedures; program governance)