Senior Auditor II – Regulatory Reporting
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. The Senior Auditor II is primarily responsible audit execution on areas of assigned audit responsibilities, which may include, but is not limited to, participate on audits of Comprehensive Capital Analysis Review, Dodd-Frank Act Stress Testing, Regulation W, and Financial Regulatory Reporting.
A primary focus for this position will be audit execution covering the end-to-end processes that support the reporting of key financial regulatory reports of the Bank (e.g., Call Report) as well as its contribution to the Intermediate Holding Company (e.g., FR Y-9C, FR Y-14). This will encompass assessing management’s interpretation and implementation of financial regulatory reporting requirements and instructions; the collection of data from various sources; and the aggregation and reporting of amounts to appropriate schedules and line items. The individual will work closely with audit assignment team members to complete each phase of the audit. The individual will have regular interactions with team members, process / control owners, and management of business units. The Senior Auditor II will be reporting to a Senior Audit Manager of Capital Planning, Regulatory Reporting, Compliance, Wealth Management, Models, and Operations.
Essential Job Functions
1. Develops a risk-based approach covering applicable financial regulatory reports, schedules, and line items based on current regulatory agency focus, newly implemented or changes to existing requirements and instructions impacting financial regulatory reporting.
2. Reviews and assesses the Bank’s financial regulatory reporting processes.
3. Interprets financial regulatory reporting instructions (e.g., Call Report, FR Y-9C, FR Y-14, etc.) to evaluate whether transactions are reported on the appropriate schedules and line items.
4. Analyzes the underlying data and attributes supporting financial regulatory reports to identify anomalies and outliers.
5. Demonstrates a strong ability to execute assigned audit procedures accurately, timely, and with minimal supervision.
6. Supports the Head of Assignment by assisting with audit scoping, planning, evaluating, and reporting.
7. 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.
8. Prepares and updates risk assessments for assigned auditable entities for supervisory review.
9. Validates the sufficiency and suitability of business corrective actions to address audit recommendations for supervisory review.
10. Exhibits effective written and verbal communication skills with all levels of management.
11. Possesses an understanding of audit, risk, compliance, banking, and/or product knowledge
12. Executes audit work in accordance with BNPP Inspection Generale and the Bank of the West Inspection Group policies and procedures.
Required Education or Equivalent Experience
- Bachelor’s Degree in applicable and related field
- Required license(s) or certification(s) CIA, CISA, CPA, CAMS, and/or CRCM
- Years of functional/professional experience: Minimum years of audit, accounting and/or financial regulatory reporting experience: Typically 4+ years
Administrative/Technical Skills/ Other Information
- Primary focus of role is on day-to-day execution of assigned areas of audit responsibilities and demonstrates the ability to take on additional responsibilities.
- Maintains current on industry developments affected areas of assigned responsibilities.
- Solid understanding of financial regulatory reporting requirements and instructions (e.g., Call Report, FR Y-9C, FR Y-14, etc.).
- Solid understanding of US GAAP.
- Demonstrable strengths in one or more of the following:
- Bank Audit Activities
- Banking laws and regulations; region and branch banking operations; asset and liability management; treasury (including derivatives); lending (including evaluation of loan loss reserve, syndication desk, and other real estate owned); expenditures; deposits; PC and telephone banking (including FCC requirements); related systems; etc.
- Credit and Counterparty Activities
- Commercial and industrial lending; commercial real estate; trade finance; consumer lending; financial statement analysis; loan underwriting and structure; valuation; highly-leverage transactions; accounting standards; Uniform Commercial Code; capital markets and other non-traditional credit areas including off-balance sheet credit risk; etc.
- 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.
- IT Audit Activities
- Federal Financial Institutions Examination Council (FFIEC) and American National Standards Institute (ANSI) requirements; application development and maintenance; computer operations; technical services; communications; information security (including system access control software, firewalls and encryption); end user computing (including Internet, local and wide area networks, client server technology, and PCs); contingency planning; operating systems (including associated program products); database structures and access methods; system analysis and design; programming and data extract languages and techniques; 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.
- Technology Support
- Responsible for providing development and technical support on the key applications for the Inspection Group as well as acting as the primary technology liaison for the Inspection Group with the Bank and BNPP Inspection Generale (IG). The successful candidate will have a solid VBA development background, strong understanding of the Bank’s technical infrastructure, and a desire and aptitude to learn and deploy new technologies; etc.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
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.