What are the responsibilities and job description for the Lead Internal Auditor - BSA/AML Focus position at Choice Bank?
Description
The Internal Auditor job family performs risk-based internal audit work to evaluate financial, operational, and compliance processes; assess risks; test internal controls; and communicate results that support effective risk management and sound governance. Team members partner with business units to understand processes, identify control strengths and gaps, document audit work, and contribute to practical recommendations that improve processes and mitigate risk. Across the job family, scope, complexity, independence, and leadership responsibilities increase by level, with more senior roles taking on broader audit planning, oversight of complex engagements, mentoring, and support for departmental initiatives, including the bank’s FDICIA program.
Lead Internal Auditor – BSA/AML Focus
This role will primarily support audits related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), financial crimes compliance, and associated risk management and regulatory programs.
This position requires some travel to support business needs, including team collaboration, internal trainings, and cross-functional initiatives. The frequency and duration of travel will vary based on organizational priorities and team needs.
Choice is #PeopleFirst, banking second.
People don’t need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.
Disclosure
This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.
All employment at Choice Financial Group is “at will” employment. This position description does not create an employment contract, implied or otherwise.
The base salary for this role is listed below. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience, and geographic location. Full-time employees are also eligible for a competitive bonus and benefits package.
The Internal Auditor job family performs risk-based internal audit work to evaluate financial, operational, and compliance processes; assess risks; test internal controls; and communicate results that support effective risk management and sound governance. Team members partner with business units to understand processes, identify control strengths and gaps, document audit work, and contribute to practical recommendations that improve processes and mitigate risk. Across the job family, scope, complexity, independence, and leadership responsibilities increase by level, with more senior roles taking on broader audit planning, oversight of complex engagements, mentoring, and support for departmental initiatives, including the bank’s FDICIA program.
Lead Internal Auditor – BSA/AML Focus
This role will primarily support audits related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), financial crimes compliance, and associated risk management and regulatory programs.
- Form relationships, build trust, and partner with audit clients and audit team members
- Collaborate with audit clients and audit team members to share knowledge
- Employ thought leadership via a growth mindset approach
- Be inquisitive and curious to gain knowledge of the business function, processes, and systems
- Seek out industry trends and information to proactively identify emerging enterprise risks
- Stay apprised of company strategy and changes throughout the organization
- Respectfully and thoughtfully challenge and fearlessly ask why
- Understand and apply risk assessment methodology and risk management techniques
- Identify and analyze business processes, key risks, and critical controls
- Prepare or update planning and risk assessment documentation
- Develop and update risk-based audit programs
- Conduct process walk-throughs and review or develop process documentation
- Evaluate control design adequacy in meeting established objectives
- Perform, or supervise audit team members in, the testing of control effectiveness
- Use appropriate sampling and control testing techniques
- Identify and assess the relevancy of possible observations, including root cause analysis
- Document work performed to support audit scope and conclusions
- Collaborate with audit clients to identify process improvements and solutions for risk mitigation
- Draft clear, concise, and actionable audit reports; professionally communicate audit results, verbally and in writing
- Conduct work in accordance with the Standards
- Perform follow up, including an appropriate level of validation testing, on the state of outstanding audit observations
- Conduct FDICIA internal control testing and assists with program documentation and reporting
- Bachelor’s degree in accounting, finance, business, or a related field, or an equivalent combination of education and experience
- Typically, 8 to 10 years of internal audit, external audit, risk, compliance, or related experience
- Advanced knowledge of audit standards, audit methodology, risk management techniques, and internal control frameworks
- Able to independently lead audits of moderate to high complexity, supervise testing, and manage multiple priorities and timelines
- BSA/AML compliance experience
- Financial crimes investigations, monitoring, sanctions, OFAC, KYC/CDD
- Regulatory examination support
- CRCM, CAMS, or related certifications
- Strong judgment and business acumen with the ability to identify emerging risks, challenge assumptions, and recommend practical solutions
- Strong report writing, communication, and client relationship skills, including the ability to present results clearly and persuasively
- Demonstrated banking or financial services experience with knowledge of regulatory expectations and control environments
- Professional certification such as CIA, CPA, CRCM, or equivalent preferred
- Relies heavily on data and observations to identify opportunities for improvement
- Be accountable and responsible for projects, timelines, and quality of work
- Self-directed and able to produce in a remote environment
- Be proficient with Microsoft Suite of products
This position requires some travel to support business needs, including team collaboration, internal trainings, and cross-functional initiatives. The frequency and duration of travel will vary based on organizational priorities and team needs.
Choice is #PeopleFirst, banking second.
People don’t need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
- Embrace change and encourage innovation.
- Know when to ask for help and know when to offer help.
- Better the places we live.
- Work hard. Do the right thing. Have a little fun.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.
Disclosure
This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.
All employment at Choice Financial Group is “at will” employment. This position description does not create an employment contract, implied or otherwise.
The base salary for this role is listed below. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience, and geographic location. Full-time employees are also eligible for a competitive bonus and benefits package.