Job Description

Overview

Join City National Bank as the Director of Audit - BSA/AML. This role supports CNB's Internal Audit department by providing independent, objective assurance over the design and operating effectiveness of CNB's processes and controls related to Financial Crimes Compliance, including BSA/AML, OFAC, and ABAC. This position leads and oversees audit activities such as audit issue validations, continuous risk monitoring, and annual audit planning, and responds to US regulators to meet evolving regulatory expectations and the heightened expectations of internal audit.

Responsibilities

• Oversee/manage an audit team to provide independent and objective assurance of the design and effectiveness of AML, OFAC, and ABAC practices for City National Bank (CNB).
• Audit Assurance: Prepare and oversee the execution of the annual audit plan for CNB's Financial Crimes audit universe to assess the adequacy and effectiveness of the internal control environment.
• Ensure timely and complete execution of audits in the annual plan.
• Review audit findings and audit reports drafted by the audit team for submission to IA Senior Management.
• Lead the execution of continuous monitoring and adjust audit plan and risk assessment as necessary.
• Data Analytics and Technology: Leverage data analysis and insights across the enterprise and across all stages of the audit lifecycle to apply to the audit portfolio.
• Build and maintain relationships with data stewards and heads of platform technology to understand key applications and data sources.
• Direct oversight of the CNB Financial Crimes audit universe and related support functions.
• Work efficiently throughout the audit lifecycle (planning, execution and reporting), in accordance with Internal Audit methodology and standards.
• Support the continuous improvement of audit methodologies, audit approach and related practices with emphasis on collaboration with key partners and leveraging analytics, business intelligence and other enabling technologies and tools.
• Direct, counsel, and manage a staff of internal auditors assigned to CNB FCC audit engagements; review audit plan, findings, and reports for sufficient scope, accuracy, and compliance with requirements.
• Coordinate and manage regulatory requests and examinations with bank regulators.

Qualifications

• Required Qualifications
  
  • Bachelor's Degree or equivalent
  • Minimum of 10 years of progressive experience within a top-tier financial services organization or Big 4 public accounting firm
  • Minimum of 5 years experience managing staff
  
  
  
• Additional Qualifications
  • Professional Designation (CAMS, CFE, CIA, CPA) preferred
  • Demonstrated ability to build inclusive and diverse teams
  • Experience working in a matrixed organization with multitasking and prioritization
  • Experience leading, coaching and mentoring direct reports
  • Audit, Assurance and Advisory experience
  • Strong understanding of Financial Crimes compliance risk across 1st and 2nd lines of defense
  • Experience working with US regulators such as OCC, Federal Reserve, etc.
  • Strong experience in data analytics, visualization and reporting (e.g., Tableau)
  • Experience planning integrated business audits with technology, data and model auditors
  • Understanding of core technology (applications and infrastructure)
  • Experience in data analytics (data gathering, transformation, analytics, and reporting)
  • Strong leadership and communication skills, both oral and written
  • Ability to interact effectively with management and staff at all levels
  
  
  

Benefits

• Compensation : Starting base salary: $141,830 - $263,408 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
• Benefits : Medical, Dental and Vision plans; 401(k) with company matching; Tuition Reimbursement and other internal upskilling and training resources; Paid time away; Fertility and health-related programs; Career Mobility support; Colleague Resource Groups.

About Us

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs, and City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. For more information, visit About Us.

Inclusion and Equal Opportunity Employment

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment.

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