Sr. Compliance Auditor

Summary: The Senior Compliance Auditor is primarily responsible for audit execution on dedicated Regulatory Compliance audits as well as provide coverage during Bank integrated audits. The Senior Compliance Auditor will develop new audit programs when needed; evaluate internal controls and determines effectiveness; review and assess the Bank's operations to ensure they adhere to all applicable laws, regulations, and internal policies, including conducting audits to identify potential compliance risks, investigating issues, and recommending corrective actions to maintain regulatory compliance within the banking industry; typically requiring strong analytical skills, knowledge of banking regulations (like BSA/AML), and attention to detail to identify potential areas of non-compliance.

Job Responsibilities:

• Audit Responsibilities
• Coordinate within a framework established by the Internal Audit Manager, and performs regular reviews of Bank activities across various departments (lending, deposits, customer onboarding, etc.) to assess adherence to regulations including Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Reg CC, Reg E, Reg DD, and other relevant laws.
• Perform compliance-related audits for the Bank through review of the audit plan scope and objectives, policies and procedures, available risk assessments, significant operational or regulatory changes, prior audit results, and budget / resources.
• Execute assigned audit procedures accurately, timely, and with minimal supervision.
• Assign, delegate, and monitor/review work of auditors with less experience.
• Provide compliance training to internal audit staff on relevant regulations and procedures.
• Interact with the Internal Audit Manager for monitoring and remediation of issue management, where applicable.
• Ensure all activities conform to established audit procedures.
• Resolve any unusual problems that may occur.
• Audit Strategy
• Risk Assessment: Identify potential compliance risks within the Bank by analyzing customer transactions, account activity, and internal processes.
• Policy and Procedure Review: Evaluate the effectiveness of the Bank's compliance policies and procedures, recommending updates as needed.
• Planning and Fieldwork: Assist with audit scoping, planning, testing, evaluation, and reporting, including evaluating the effectiveness of an area’s internal control structure through detailed walkthroughs, discussions with management, and reviewing departmental policies and procedures.
• Assess results of applicable monitoring and testing / quality control, and available reporting. Based on the evaluation, develop, and execute detailed fieldwork testing to assure management controls are operating as designed.
• Document clear audit work papers that articulate purpose, scope, procedure, and conclusions of test work performed.
• Prepare detailed audit reports outlining findings, recommendations, and corrective actions, ensuring proper documentation of audit processes.
• Audit Analysis
• Identify control gaps or control deficiencies and assess the impact to the Bank based on testing performed.
• Develop and draft audit findings and recommendations for management to execute to remediate any identified control gaps.
• With support from the Audit Officer, present audit results to internal audit leadership as well as business management. Track and validate the sufficiency and suitability of business corrective actions to address audit recommendations.
• Continuous Internal Audit Management
• Contribute to the completion of continuous monitoring activities for assigned auditable entities and escalate matters that may impact the timing of the next audit assignments.
• Risk Assessments
• Prepare and update risk assessments for assigned auditable entities for supervisory review.
• Continuing Education
• Maintain a current knowledge of laws, regulations and emerging risks governing the Bank, Compliance, and Risk Management. Monitor changes in banking regulations and update compliance procedures accordingly.
• Other Responsibilities
• Performs other job-related duties as may be assigned.
  
  

Job Requirements:

• BS/BA degree or higher in Business, Accounting, Finance, Risk, or other related field experience.
• Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Anti-Money Laundering Specialist (CAMS) or Certified Regulatory Compliance Manager (CRCM) highly preferred.
• A minimum of 3 to 5 years of experience in banking compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both. Strong knowledge of regulations governing financial institutions including the rules and regulations of the FRB, OCC, FINRA, SEC, FDIC and CFPB, including thorough knowledge of BSA/AML, KYC (Know Your Customer), Reg CC, Reg DD, Reg E, and other relevant regulations.
• Prior experience in banking compliance or internal audit functions preferred.
• Analytical skills with the ability to analyze complex data, identify patterns, and draw accurate conclusions.
• Attention to detail with a meticulous approach to reviewing documents and transactions to identify potential compliance issues.
• Communication skills, including effective written and verbal communication to clearly present findings and recommendations to management.
• Knowledge of Audit methodology with an understanding of audit principles and techniques to conduct thorough compliance audits/reviews.
• Strong knowledge of regulations governing financial institutions including the rules and regulations of the FRB, OCC, FINRA, SEC, FDIC and CFPB.
  
  

Columbia Bank and its affiliates is an Equal Opportunity Employer

Affirmative Action Employer/Males/Females/Protected Veterans/Individuals With Disabilities

This is a hybrid role, 3 days in the office with 2 days work from home based on business need.