Regulatory Audit Team Lead / Senior Auditor

Recruiter
M&T Bank
Location
Buffalo
Salary
Competitive
Posted
24 Jun 2019
Closes
25 Jun 2019
Job role
Audit
Contract type
Permanent
Hours
Full time
Overview:
This experienced Auditor role will be responsible for leading and executing audits across a defined audit portfolio to deliver a quality product in line with department and industry standards and expectations. This role will be responsible for overseeing ongoing risk assessment, control identification, audit execution and continuous monitoring of their applicable audit portfolio. This role also communicates control improvements to Bank management and will oversee audit staff on applicable engagements. This role operates in more complex or sensitive areas with limited daily involvement by Audit Management.

Primary Responsibilities:

Successful Audit Plan Completion
  • Assist in identifying, analyzing, and assessing risk throughout the Bank as part of the department's risk assessment process and development of the annual audit plan.
  • Plan and execute audits in a risk focused manner, with limited supervision, while maintaining independence and adhering to department and professional industry standards. This includes staying abreast of best practices, industry developments, and changing or emerging risks and ensuring their coverage as appropriate.
  • Deliver on–time, high–quality audit reports that require limited revision by audit management. This includes the identification of and root cause analysis for control gaps, drafting recommendations for improvement where issues are identified, and providing an overall opinion on the control environment.
  • Plan and execute comprehensive validation procedures for Internal Audit and Regulatory issues.
  • Independently establish appropriate budgets and timeframes, with minimal input from audit management, and organize and complete work to meet them.
  • Incorporate the use of data analytics throughout the audit process.
  • Demonstrate support for the department's strategic objectives.
  • Manage multiple tasks concurrently in an efficient and effective manner with minimal oversight.
Leadership, Decision Making, and Communication
  • Possess strong management and interpersonal skills, make sound decisions independently, exhibiting initiative and intuitive thinking.
  • Proactively communicate with senior members of the audit team and line of business senior management regarding the status of audits and potential issues identified.
  • Build strong partnerships with business stakeholders and audit team members.
  • Demonstrates strong judgment, political astuteness, and sensitivity to cultural diversity.
Developing Others
  • Coach, mentor, and oversee the work of junior members of the audit team.
Other Responsibilities
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Promote an environment that supports diversity and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators, as applicable.
  • Complete other related duties as assigned.
Scope of Responsibilities:
This role is responsible for leading, planning and executing the delivery of high quality, value–added audit services for a variety of business activities (often complex in nature), which meet the requirements of the Audit Committee and regulatory expectations. Ensures ongoing conformance with professional auditing standards.

This position directly communicates with Senior, Middle and Line Management and External Auditors

Supervisory/ Managerial Responsibilities:
May oversee the day–to–day work of a more junior audit team and provide support and guidance, but is not responsible for performance management, compensation planning, or other similar duties

Education and Experience Required:
Bachelor's degree, preferably in Accounting, Business, Finance, Technology, Cybersecurity, Mathematics, Statistics or other related technical field and 5 years of relevant work experience, inclusive of 1 year work leadership experience

Strong leadership skills and ability to develop and coach others.

Strong analytical and organizational skills.

Strong written and verbal communication skills

Education and Experience Preferred:
Related certifications (CRCM, CPA, CIA,, CAMS or similar).

MBA or Master's degree in an appropriate field.

Financial Services Industry experience preferred.

Working knowledge and experience with auditing the following areas:

Compliance Risk Management,

Customer Complaints,

Mortgage and Consumer Lending and Servicing,

Fair and Responsible Banking functions (Fair Lending and UDAAP Programs),

Various regulatory requirements embedded within the financial services industry (such as ECOA, RESPA, TILA, HMDA, SCRA)