Senior Audit Leader - Wealth Management/Trust
At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.
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.
Bachelor’s Degree in applicable and related field - Required
Required License(s) or Certifications in CFIRS (Certified Fiduciary Investment and Risk Specialists), CIA, CISA, CPA, CAMS, and/or CRCM - Preferred
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.
Requires 10 years minimum prior relevant experience.
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.
Equal Employment Opportunity Policy
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.