Senior Audit Leader - Wealth Management/Trust
Job Description Summary
The Inspection Group, as the Bank’s periodic control function (i.e., third line of defense), independently assesses the effectiveness of the permanent control function (i.e., first and second lines of defense) to identify, measure, monitor, and control risks.
A primary focus for this position will be to contribute or to lead the audit execution covering the end-to-end processes of auditable entities within Compliance, Retail, Wealth, Finance and Operations with a focus on Wealth Management/Trust. The individual will work closely with audit assignment team members to complete each phase of the audit as well as have regular interactions with process and control owners and management of business units to effectively communicate audit results. The individual will validate the sufficiency and suitability of business corrective actions to address audit recommendations or complete 2nd level of supervisory review over audit recommendation closure over non-complex findings. In addition, the individual will prepare, update, or review risk assessments for assigned auditable entities. The Senior Audit Leader will be reporting to the Senior Audit Manager of Compliance, Retail, Wealth, Finance and Operations.
Essential Job Functions
- Develops and leads the execution of a risk-based audit approach covering auditable entities within the Compliance, Retail, Wealth, Finance and Operations with a focus on Wealth Management/Trust.
Contributes to the completion of continuous monitoring activities for assigned auditable entities and escalates matters that may impact the timing of the next audit assignments.
Prepares and updates risk assessments for assigned auditable entities for supervisory review.
Validates the sufficiency and suitability of business corrective actions to address audit recommendations for supervisory review.
Possesses a strong understanding of audit, risk, compliance, banking, and/or product knowledge.
Executes audit work in accordance with BNPP Inspection Generale and the Bank of the West Inspection Group policies and procedures.
Strong written and verbal communication skills with an ability to influence.
Reviews the suitability and sufficiency of management remediation plans and key points for closure.
Performs other duties as assigned.
- Requires 10 years minimum prior relevant experience.
Requires mastery level knowledge of audit and Wealth Management/Trust administration and operations typically obtained through advanced education combined with experience. May have deep knowledge of project management.
Primary focus of role is on day-to-day deliverables, developing solutions based upon subject expertise, and occasionally representing the department at a broader level.
Maintains current on industry developments affected areas of assigned responsibilities.
- Bachelor's Degree applicable and related field; masters preferred.
- Required License(s) or Certifications in CFIRS (Certified Fiduciary Investment and Risk Specialists), CIA, CISA, CPA, CAMS, and/or CRCM - Preferred
- Primary focus of role is on day-to-day deliverables, developing solutions based upon subject expertise, and occasionally representing the department at a broader level.
- Maintains current on industry developments affected areas of assigned responsibilities.
- Demonstrable strengths in one or more of the following:
- Enterprise Risk Management Activities.
- Enterprise Risk Management practices for large, complex banking organizations (LCBOs); capital management and planning; stress testing; model risk governance and management; operational risk; financial reporting (including FDIC and state call reporting requirements, GAAP, and SEC requirements); budgeting; cost accounting (including transfer pricing and cost allocation); incentive programs; etc.
- Trust Audit Activities.
- Common law and trust regulations; account administration (including ERISA requirements); operations; investment management; mutual funds (including SEC requirements); real estate; trust tax; financial reporting (including FDIC and state call reporting requirements, GAAP, and SEC requirements); related systems; etc.
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.