Connecting to LinkedIn...

Senior Auditor - Risk Management & Compliance

Information About This Job

Job Title: Senior Auditor - Risk Management & Compliance
Location: Chicago
Salary: $80,000–$95,000
Contact Name: Ben Kinley
Contact Email:
Job Published: 29 days ago

Job Description

The Role

The Senior Auditor - Risk Management & Compliance  is responsible for the execution of a global portfolio of audit engagements in the areas of regulatory compliance, risk management, anti-financial crime, and regulatory reporting.  In addition, this role requires a familiarity with the rules, regulations, and practices associated with banking and credit risk management. The role provides technical expertise and performs specific assigned projects for the team and the department.

In addition, the Senior Auditor RM & C is responsible for work paper quality, thoroughness, accuracy and timeliness.  The Senior Auditor RM & C may also execute a broader role across the team in terms of recommending or developing operational efficiencies and/or producing and delivering presentations which assist the wider audit department with understanding root causes of control gaps, industry trends, peer practices, etc. The Senior Auditor RM & C will have a direct reporting line into the Audit Manager in Chicago


Key Responsibilities

  • Conduct and document audits of the governance structure and internal controls over the risk management and compliance framework such as risk identification, scenario designs, operational risks, risk measures and relevant regulatory reporting, and testing key controls within these processes, specifically reliability and quality of data sources, data reconciliations and aggregation.

  • Leads and participate in audit reviews and projects.  

  • Develops and demonstrates an understanding of the business risks, controls, and processes, along with an understanding of relevant laws, regulatory rules and knowledge of the impact of systems within areas reviewed.  

  • Performs work that adheres to all Policies and Standards (e.g., creates electronic work papers to evidence scope of examination and accuracy of findings); professional auditing standards; and regulatory requirements.  

  • Apply analytical skills, discussions with the Business and Audit Partners and the risk assessment process to properly identify key risks and controls, audit scope, and testing approach within an audit or other project.  

  • Accurately designs and executes the testing approach and ensure that work paper documentation is clear, concise, supports the reviews performed, and explains decisions made during the project.

  • Communicates with management, including leading efforts to discuss the business/risk environment and issues/risks raised during the audit review, along with providing periodic updates, to the status of the project.

  • Develops subject area expertise to assist in providing comprehensive, in-depth consult


Qualifications & Experience

  • College or University degree .

  • Four or more years of relevant audit, risk management, regulatory, or compliance areas

  • Auditing and/or regulatory experience in a financial institution or similar public accounting experience in the financial services industry is required

  • Knowledge of the operations, functions, and objectives of interfacing areas is required to effectively audit operations, services, systems, workflow, and operational impact on other areas

  • Risk management experience gained working in Audit, Risk or a Compliance function.  Experience in consulting/auditing risk management rules (e.g., Basel, Enhanced Prudential Regulations) and credit risk management standards would be an advantage

  • Solid understanding of risk management and compliance processes and practices

  • Ability to work in a fast paced environment as part of a global audit team across multiple time zones and jurisdictions

Ref: | Published: 24 Jun 2019