Senior Compliance/AML Auditor - 38256

Senior Compliance/AML Auditor

Location Address: Hybrid - 44 King Street W, Toronto - 3x/week (Monday to Wednesdays are fixed, other days are flexible - subject to change)

Contract Duration: ASAP to 12/31/2025

Story Behind the Need

Business group: Audit, Retail Lending Operations - Domestic 2 - As the 3rd Line of Defence, Internal Audit provides enterprise-wide, independent, and objective assurance over the design and operations of the Bank’s internal controls, risk management and governance processes

Project: The Senior Audit Manager assists in executing audit activities for Canadian Banking in support of the Audit Department in executing on its global mandate, ensuring business strategies, plans and initiatives and all audit activities are conducted / executed / delivered in compliance with governing regulations, internal policies, and procedures.

Assist with audits relating to automotive finance, deposits, and SOX. Potential to also assist on fraud audit. - BL controls, operational controls,

Team has 3 different directors - AML/compliance and other 2 are commercial and lending and internal controls (Canadian banking finance, tangerine)

Responsibile

Auditing and Execution

• Execute assigned audit activities independently as a team member.

• Works with other audit teams as required.

• Carry out specific projects.

• Assess controls across the First Line of Defense, including financial controls, regulatory obligations, policies and procedures, underwriting, systems, and fraud management.

• Determine the efficiency, effectiveness, integrity, and reliability of internal controls in relation to defined control requirements, employing data analytics to support conclusions, where applicable.

• Ensures audit results are gathered and determines the root cause of the problem.

• Prepares audit results and findings for presentation to management. Follows-up for corrective action/progress against any reported issues.

• Ensures relevant information that impacts other audit function areas is shared.

•Execute and manage assigned activities independently in accordance with the Department Standards ensuring audit testing is sufficient and appropriate to support the audit opinion.

•Document all audit work performed to ensure appropriate working papers are maintained and conform to department standards.

• Ensure bank standards and the Institute of Internal Auditors (IIA) Code of Ethics are maintained in completion of all assignments. Builds and maintains strong relationships with internal stakeholders as required.

Problem Identification

• Identify and assess materiality of control weaknesses ensuring facts are gathered and determine the root cause of the problem impact, prepare / review audit findings, as applicable.

Reporting/Communication

• Draft audit findings and correspondence to management. Ensure writing is clear, concise, and accurate.

• Present and discuss findings and progress with management, as required.

• Perform and document audit issue tracking and testing.

• Develop and maintain good relationships with key auditee and business line management.

Must Have Skills:

1) 10+ years in Retail Banking, Audit, Regulatory body, or related experience

2) Strong recent experience with key regulations including SOX (non-IT) and AML controls.

3) 2+ years’ experience with data analytics or visualization tools (e.g., Alteryx, PowerBI, Python) with larger data sets

Nice-To-Have Skills:

1) Accounting designations / technical / professional qualifications, university/post-secondary degree in business, finance, economics, accountancy, or any other relevant experience (e.g., First Line testing, QAR, Audit, Compliance) would be an asset.

2) Knowledge of audit processes and methodologies is preferable.

3) Hands-on experience with underwriting, funding for reviews of files and applications to ensure policies and procedures are adhered to

4) Understanding of lending - retail and/or commercial

5) Understanding of operational processes

Education:

Accounting designations / technical / professional qualifications, university/post-secondary degree in business, finance, economics, accountancy an asset though will accept relevant working experience instead

Best VS. Average Candidate:

The ideal candidate will have 10+ years of experience related to testing financial controls (SOX, not IT SOX controls) and AML controls and be proficient in data analytics. The incumbent should also have good presentation, writing, and soft skills.

Should be able to hit the ground running on the audits. Hands-on experience with underwriting, funding for reviews of files and applications to ensure policies and procedures are adhered to would be an asset; Ability to check that regulatory obligations are mapped in the library and whether they are being satisfied, they should be able to find gaps in policies and procedures and regulations