Internal Audit Compliance Consultant

Role: Internal Audit Compliance Consultant Regulatory (Reg W & Reg K)
Location: New York, NY (Onsite Role)
Duration: Long-term Contract

Internal Audit ( IAD ) is establishing a Center of Excellence ( CoE ) for coverage of Compliance Regulations, specifically Regulation W (Affiliate Transactions) and Regulation K (International Banking Operations). The objective is to enhance the Internal Audit Compliance Program by leveraging external expertise to support the development and execution of a robust, risk-based audit coverage strategy for these regulations.

Purpose and Scope
The selected consultant will work collaboratively with the IAD Compliance Coverage Lead and designated stakeholders to:
Develop and refine Reg W and Reg K control inventories, leveraging -provided documentation and audit evidence.
Draft and finalize audit program outlines and templates for Reg W and Reg K.
Integrate audit walkthroughs and fieldwork outputs into the refinement of inventories, audit programs, and gap/enhancement logs.
Capture and incorporate gaps and enhancements identified from audit observations into the coverage strategy.

Develop a multi-year coverage strategy, training modules, and a final handover package.
Deliver all outputs in accordance with the project phases and milestones outlined below.

Development and finalization of:
Reg W and Reg K control inventories (using Client -provided documentation and audit evidence)
Audit program templates for Reg W and Reg K
Multi-year coverage strategyTraining materials and knowledge-sharing sessions for audit teams
Integration of audit evidence (walkthroughs and fieldwork) into all deliverables.
Maintenance of a gap/enhancement log derived from audit observations.
Timely escalation of any delays in documentation or resource availability to avoid impact on audit timelines.

Education: At least a bachelor s degree (or equivalent experience) in Computer Science, Software/Electronics Engineering, Information Systems, or a closely related field is required for the project